Hollow Sound Bites

Anyone making an argument about wage stagnation under the Bush administration by comparing the growth in wages during the DotCom bubble to the change in wages in its wake makes an argument not worth the paper its printed on. To exult in the surge of a bubble, and blame anything but the bubble for the drop when it pops is ridiculous on its face.

That it's a line that Democrats trot out over and over - and one I expect to hear more as the election cycle kicks into high gear - is one of the most inane bits of economic commentary I hear from them, comparable to Republicans who cite the Bush tax cuts as having delivered the economy in a fashion worthy of Moses.