Saturday, June 19, 2004

The Gloom Campaign is faced with inconvenient facts

This WashPost editorial “Jobs and Mr. Kerry” notes that Senator Splunge’s rhetoric on the employment picture is running against reality:

If Mr. Kerry's message seems exaggerated now, it will seem even less convincing soon. Job markets recover in three phases: As the economy picks up, employers ask workers to put in extra hours; when they've exhausted that option, they hire new workers; when new workers become hard to find, labor scarcity pushes wages upward. We are now well into the second stage and may be entering the third.
We should all be as lucky as Kerry. If he fails to gain the presidency, he’ll always have his old job to fall back on.

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