We're Supposed To Be Worried Because?

The lonely libertarian has trouble beleiving economic doom and gloomers: This CNN report screams that job growth in April was the weakest since Katrina. The little graph shows it wasn't all that bad, just not quite what the "experts" had predicted.

More importantly, wages rose 0.9% in April, marking a 3.8% increase in wages over the past year. And the unemployment rate has held steady at 4.7%. Yet people insist on talking about economic problems, and the media delights in reporting "the bad news." If our economic situation in the United States right now is bad, when was it ever good?