Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
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Is it too-late to say....
I TOLD YOU, SO??!!!!
I TOLD YOU, SO??!!!!
"Though the White House and national media have been trumpeting the economy's "unexpectedly strong" (as The Washington Post put it) 2.8 percent first-quarter gain, this is modest growth by normal standards -- and voters remain uneasy.
Flash back four years: With the American economy just emerging from a two-year recession in the fall of 1992 and many Americans nervous about their economic prospects, Carville's one-note samba -- played over and over again throughout the campaign -- clearly helped propel Bill Clinton into the White House, forcing George Bush to retire to his beloved Texas.
Now it's Bill Clinton's turn to run for re-election. And though the economy is not moving backward (the definition of a recession), it's not setting any speed records either. Fifty percent of major U.S. companies trimmed their payrolls in the 12 months ending June 1995, some of them significantly. Indeed, from March 1995 to March 1996, 325,000 high-paying manufacturing jobs disappeared, according to the Bureau of Labor Statistics. The public -- especially the nearly 8 million people who are working two or more jobs to make ends meet -- know something is amiss. And they are concerned."