Remember all that talk last year of uncertainty and how the president's policies were muddying the economy?
Yeah, that's pretty much gone to the same place as all those folks who rushed out to buy guns and ammunition after the president won in 2008.
With the Dow at nearly 13,000 and 227, 000 jobs added in the month of February (marking the 17th straight month of job gains), the uncertainty narrative has now been shown to complete hogwash. Of course, this hasn't stopped the right from doing their darnedest to show how "awful" of a job the president is doing. According to Mitt Romney, he's "destroying free enterprise!" How is that possible with the Dow at more than one and a half times what it was when he took office?
A colleague of mine recently got back from a tour of Google and, while he couldn't exactly disclose the things he saw, he assured me that what they are doing out there is so ridiculously innovative that he actually swooned (yes, he is a giant tech geek). So, again, if Barack Obama is a socialist bent on destroying innovation, how is Google able to do what it's doing?
All of this raises an interesting question. What sort of tack will the eventual GOP nominee take without sounding like they are rooting against America?
7 comments:
marking the 17th straight month of job gains
What did you say the unemployment rate was again?
It's 8.3 percent but why is that, juris? Be careful, the answer torpedoes one of the right's talking points.
Do you think I give a flying fuck about "the right's talking points"? FUCK YOU. Obviously you fear contradicting the left's talking points. You wouldn't know what to say then, would you? OMG, they might even kick you off the team!
The point is talking about "job gains" without discussing the unemployment rate is partisan spin you ninth-rate hack.
The unemployment rate has stayed the same and is, in fact, irrelevant here because as the economy is improving, more people are looking for jobs. So, even though we added over 200K in jobs, the people that "gave up," as the right has been saying, haven't really done so.
See how easy it was to make a comment without personally attacking or insulting you.
The unemployment rate has stayed the same and is, in fact, irrelevant here because as the economy is improving
That's pretty funny, considering that the whole point of Keynesian economics is to attain full employment (with the only debate being about what the residual unemployment rate is at that point). It isn't just that you are a whore for this Administration, it is that you are such a cheap one.
See how easy it was to make a comment without personally attacking or insulting you.
Oh, right - that's why you had to warn me about the "right's talking points". FUCK YOU again you pissant, partisan punk.
Wouldn't you know I'd find this right after I posted.
The labor market won't truly return to health until some 10 million positions are created to rehire all those who lost their jobs and to absorb new workers.
Thanks for the link, juris. Any thoughts on the continued GDP growth since the president took office, in particular the 3 percent of the Q4 2011.
The other thing to consider is that we may not want 4 percent growth right now if we consider the impact of inflation.
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