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"Our economy is strong."

David Lazarus breaks down George Bush's press conference. Some of my favorites:

GB: "I say it's strong," he said of the economy, "because we've added over 3. 5 million new jobs over the last two years, and the unemployment rate is 5.2 percent.

DL: More than 3.5 million jobs may have been created during the past two years as the nation's economic recovery limped forward. But this president hasn't been in office for just two years. He's been in the White House more than four.

Since January 2001, when Bush took office, the U.S. economy has added a total of only about 800,000 jobs, according to the Labor Department.

To put that in context, about 2.1 million jobs were added to the economy annually over the previous two decades, including intervals of recession.

Bush boasted Tuesday that the unemployment rate is 5.2 percent. It was at a 30-year low of 3.9 percent when he took office.

posted by Dave @ 7:12 AM