Bad News for Democrats: Stock Market Sets New Record on Latest Economic News

More jobs, higher pay, greater wealth for everyone. Surely the Dems will find a dark cloud somewhere!

• Dow, S&P 500 Hit Record Highs. Stocks Finish Higher After Manufacturing, Jobs Data; Dow, S&P Set Records.

From the White House Economic Fact Sheet:

• The Bureau Of Labor Statistics Released New Jobs Figures – 157,000 Jobs Created In May. Since August 2003, more than 8 million jobs have been created, with more than 1.9 million jobs created over the twelve months ending in May. Our economy has now added jobs for 45 straight months, and the unemployment rate remains low at 4.5 percent.
• Real After-Tax Per Capita Personal Income Has Risen By 10.2 Percent – More Than $3,000 Per Person – Since President Bush Took Office.
• Real Wages Rose 1.1 Percent Over The 12 Months Ending In April. This is faster than the average rate during the 1990s, and it means an extra $672 in the past year for the typical family with two wage earners.
• The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 2.9 Percent A Year Since 2001. Real GDP grew a strong 3.1 percent in 2006.
• Consumer Confidence In The First Quarter Of 2007 Was At Its Highest Level Since 2001.
• Industrial Production Rose A Solid 0.7 Percent In April, With Manufacturing Production Growing 0.5 Percent.

This can't be! Surely the "news" media can find a soup kitchen and some hard luck stories out there if they just try harder!