More good economic news; “experts” pretty much wrong again

Employers added 211,000 jobs in March

WASHINGTON - Employers boosted payrolls by a sizable 211,000 in March in a springtime hiring burst that pushed the unemployment rate down to 4.7 percent.

Employment was stronger in March than economists were expecting. Before the release of the report, they were forecasting a gain of 190,000 jobs and they said they believed the overall civilian jobless rate would hold steady.

Analysts believe the economy emerged from an end-of-year funk and grew at an annual rate of 4.5 percent or higher in the just ended January-to-March quarter.

The above words were taken from an article on MSN.com. The italics are mine.

Yes, another good economic report. I will bet the Democrats will say “yes, but”. The economy has been doing great. The media keeps telling us we are in a “funk” and not doing well. The figures seem to show otherwise. The President’s tax policy is helping the economy grow and expand. The problem is the Congress won’t quit spending and President Bush won’t veto bills that would hold the spending down. We are growing nicely. We are spending like a drunken sailor though.

Our economic policy is a good one. Tax relief is always good. The economy might suffer in the short run, but in the long run cutting taxes benefits everyone. If we continue to spend wildly though we will continue to drop deeper into debt. We have to elect people who will hold down the spending and get things back in balance on the money front.