CNN is reporting today that the lost jobs in the United States are being replaced by lower-paying jobs, and that layoffs are at their highest rate ever. I have two reactions. First is, it's about time this obvious phenomenon was recognized by the mass media. The second is, I'm surprised it actually has been.
Maybe CNN had to report it, since the underlying article appeared in the Gray Lady.
For a catalog of Bush's prevarications about the state of the nation's economy, check out this article.