Saturday, August 30, 2008

Economy of Words

Some 94% of Americans polled by Harris Interactive this month said they were satisfied with the lives they lead. According to Gallup, only 9% of Americans are dissatisfied with their jobs and only 13% are dissatisfied with their job security. The unemployment rate is at a five-year high of 5.7%, but it wasn't long ago when that was considered close to full employment (see chart above, average unemployment since 1970 is 6.11%).

To hear the Democrats at their convention this week, you'd think Americans were listening to the Democratic speeches as they huddled around their kitchen tables - if they hadn't already been used for firewood - deciding which of their children to pack off to the orphanage and how much tree bark they can afford to eat next week.

Thursday night, Barack Obama proclaimed: "Our economy is in turmoil, and the American promise has been threatened once more." He went on to describe an America reminiscent of "The Grapes of Wrath."

~Jonah Goldberg, "Economy of Words"


At 8/30/2008 10:18 AM, Anonymous Anonymous said...

Democrats always overreach on the "life sucks" meme.

At 8/30/2008 11:50 AM, Anonymous QT said...

Unfortunately, Democrats desparately need an imminent disaster so that folks don't twig to the fact that Senator Obama has the thinnest resume of any presidential candidate in U.S. history. This man is running for the arguably the most important job on the globe.

Obamamania may be enough to take the white house but do we have any idea what this man will do when he gets there?


Post a Comment

<< Home