Domestic Policy

American Economy Is Showing Signs Of Improvement

February 6, 2006 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

I am the first one to speak out when things are going badly so I feel I should speak in kind when things are going good, and this past month appears to be one of those times when things are actually looking up. The question is can we deal with success in the marketplace as well as we have been dealing with adversity in the marketplace.

The unemployment rate sank to a low of 4.7 in January; this is the lowest rate in the past 5 years. Bush has been harping and harping that the economy is growing, and his detractors have been naysaying in the face of this statement for some time. However, if the proof is in the pudding then Bush has us all wearing the pudding on our face, and he has no problem letting us know.

The question is now, ‘How do we keep the jobless rate in decline while also keeping inflation, and wage increases, at a manageable level? We have been working with a depressed, and predatory, economy for so long now the question must be asked, “Do we also have the means, and plans in place, to keep a healthy economy growing?”

It’s easy to rise from the bottom up, there is no where else to go, but when you have attained a certain level of success how do you take it to the next level? How must the economy adjust to success when it has been battling adversity for soo long? These are much better questions to have to ask than the ones asked when everyone is unemployed, or looking for work.

Wage growth is good for workers, and for consumer spending, it is a vital component of the overall health of the American economy. However, if big wage increases occur quickly, or consumer prices rise sharply, it would be a worrying condition to investors and economists, the inflation situation must be avoided at all costs.

We are now starting to see signs of a bettering domestic economy, it is not back to the booming Clinton years but it is showing positive steps toward that direction.

American Economy Is Rebounding

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