Tuesday, June 15, 2004

Quote of the Day

From the Wall Street Journal yeaterday on how the media refers to the economy. Too funny !!! Kevin


Signs of progress
"Here's a quick primer on how to track an economic recovery: When the media fret that the U.S. is heading for a decade of stagnation like Japan, that means profits and investment are picking up. When you hear that profits have risen but we're stuck in a 'jobless recovery,' businesses have started hiring. And finally when the cry goes up that American workers can find only low-paying menial jobs, that's the tip-off that the economy is booming," the Wall Street Journal says.
"Congratulations, America, the return of 'McJobs' rhetoric signifies that an expansion is in full swing," the newspaper said yesterday in an editorial.

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