Uh, NYT Said WHAT?

From an article dated November 24, 2005, by ROBERT H. FRANK entitled Sometimes, a Tax Cut for the Wealthy Can Hurt the Wealthy, comes this confusing bit of information...

With the economy already at full employment, no one pretends these cuts are needed to stimulate spending.

Wait, did the Times just say that there was NO UNEMPLOYMENT? Damn, this terrible economy must be the strangest in the history of the world.

More HERE. And the rest of the article is just as stupid as the comment above....