Monday, January 7, 2008

Bush on the Economy: LIAR

Original photo: REUTERS/Kevin Lamarque

Friday's news was not good: The Labor Department reported December's new jobs were the smallest monthly gain since 2003. Oil prices topped $100 per barrel for the first time. The housing slump continues. The Dow dropped for the third straight day.

But in BushWorld, both the economy and financial markets are still strong.
'This economy of ours is on a solid foundation, but we can't take economic growth for granted and there are signs that cause us to be ever more diligent to make sure that good policies come out of Washington,' Bush said today at the White House, after meeting for the first time with the president's working group on financial markets.
How much longer can aWol's nose grow?