When to Worry

A hint that the Bush administration realizes all is not well in economic recovery-land:

Treasury Secretary John W. Snow acknowledged yesterday that the fruits of strong economic growth are not spreading equally to less educated Americans, as he and the rest of President Bush’s economic team prepared to meet today to discuss wages and income distribution in an otherwise surging economy.

Really? Does the rest of the White House also acknowledge that? That’s a pretty big deal. Hm, a little further down in the piece:

Administration officials now acknowledge they have a problem, at least with voters’ perceptions.

Ah yes, sound the alarm.