[new cruelty]

Your comment: This time it's unemployment, stupid.

From the article: Of course, we don't yet have job growth. However, economic recoveries don't traditionally produce job growth until one year after interest rates bottom. That means March of 2004. From my perch, discussing hiring plans with dozens of companies in industries as varied as smokestackers, financials and tech, we're right on schedule for robust job creation.

Let's hope you're wrong.

[Texas_Dawg]

Let's hope you're wrong.

There's no "hoping" to it. He will be wrong. Completely. This doom and gloom crowd is always wrong.

I will take a bet from anyone wanting to offer me one, that this chart will continue to make the exact same pattern it has made several times before in the past few decades (falling unemployment, spike during recession, temporary leveling off, final spike from shakeout, then falling unemployment for several years). This is how capitalist economies work (yet the doom and gloom crowd screams and cries about heartless capitalism ("offshoring", etc.) every single time. And every single time they have been wrong:

[TheGeezer]

From my perch, discussing hiring plans with dozens of companies in industries as varied as smokestackers, financials and tech, we're right on schedule for robust job creation.

While I don't care for Cramer generally, he manages to feed and shelter himself by giving financial advice to others...something I can't do. He cites an important verity here, that employment rosters do not increase after a recession until twelve (to eighteen) months after interest rates bottom. If this holds true for this rebound, the job market may provide some more leverage to GWB's re-election efforts.

I pray it's so!