July 08, 2005
U.S. Unemployment Rate Falls to 5.0%The U.S. unemployment rate fell to 4-year low of 5% in June as the economy added 146,000 payroll jobs, the Labor Department said Friday.With President Bush's tax cut-oriented economic policy resulting in unemployment plunging, federal tax receipts increasing, and GDP growing, it is exasperating to have to continue to re-teach basic, time-tested economic truisms to Democrats who think that socialism is superior to capitalism.
Posted by Jonathan R. on July 8, 2005 08:45 AM
