The Bush Economy -- Growth and Prosperity

Hat tip -- Jonah at the Corner:

The White House summarizes the good economic new:

Job Creation Continues – More Than 6.8 Million Jobs Created Since August 2003

Today, The Government Released New Jobs Figures – 92,000 Jobs Created In October. The unemployment rate decreased to 4.4 percent, the lowest rate since May 2001. Payrolls have now increased 470,000 over the past 3 months and more than 1.9 million over the past 12 months. Since August 2003, more than 6.8 million jobs have been created - more jobs than all the other major industrialized countries combined. Our economy has now added jobs for 38 straight months.

The American Economy Remains Strong And Continues To Grow

• Real Wages Grew 2.4 Percent Over The Past 12 Months. This means an extra $755 for the average full-time production worker or about $1,327 for the typical family of four with two wage earners.

• Real After-Tax Income Per Person Has Risen By 9.8 Percent – $2,660 – Since The President Took Office.

• Our Economy Has Grown A Solid 2.9 Percent Over The Past Four Quarters – Faster Than Any Other Major Industrialized Country.

• Productivity Has Grown At An Annual Rate Of 3 Percent Since The First Quarter Of 2001, Up From A 2.4 Percent Annual Rate During The Preceding Five Years.

• Gas Prices Have Fallen Almost 82 Cents A Gallon Since Early August.

• Employment Has Increased In All But One State Over The Past 12 Months Ending In September.

Read it here.

As Jonah points out this is information that has to get out, not because it is the complete picture or unbiased, but because it is a side of the argument that is too little reported. Most people still think that the economy is in bad shape and that is not an accurate and unbiased assessment. There are a lot of good things happening in the economy and people need to know about them.