Didn't the President say this is the best economy in American history?

In a [...] report, the Labor Department said that the number of Americans filing new claims for unemployment benefits rose by 10,000 last week to a three-month high of 367,000. The four-week moving average, which smooths out weekly fluctuations, rose to a three-month high as well of 344,000.

But analysts cautioned that the jobless figures often produce misleading signals in holiday weeks. They noted that payroll job growth has been strong in recent months, translating into 2.2 million new jobs for all of 2004, the best performance in five years.

Wall Street, however, was worried by the rising number of layoffs as well as rising oil prices and an earnings forecast from General Motors that was viewed as disappointing. All the concerns helped push the Dow Jones industrial average down 111.95 points to finish the day at 10,505.83.

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Maybe the President should spend a little more time trying to create jobs and a little less time dismantling the Social Security program...