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Fri Dec 07, 2012 at 09:20:33 AM EST
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 Great news:
The Bureau of Labor Statistics reports that the U.S. economy added 146,000 jobs in November, nearly double the projections. What's more, the overall unemployment rate dropped to 7.7%, its lowest point in four years.
[...]
To be sure, 146,000 jobs isn't evidence of a robust economic recovery, but given Sandy-generated expectations, the figures come as a pleasant surprise Now, just imagine how good things would be if: a) we hadn't gotten into the "Great Recession" in the first place under George W. Bush's administration; b) Republicans hadn't been obstructionists the entire first four years of President Obama's first term; c) Republicans hadn't caused the U.S. credit rating to be downgraded; d) Republicans hadn't created the very "uncertainty" they decry; and e) we hadn't had the public sector job losses we had, thanks to Republican refusal to provide more aid to the states? By the way, what ever happened to that supposed "socialist" (actually an Eisenhower/George HW Bush-style moderate through and through) Barack Obama destroying the economy? Yeah, that's why the stock market doubled, the housing market's rebounding, unemployment is way down from its Great Recession peak, consumer spending is up, etc., etc. Not that Republicans will easily abandon their narrative of that scary black/Muslim/Kenyan/radical/blahblahblah in the White House, but they really should check out this thing called "reality" once in a while, I strongly recommend it! ;) |
| lowkell :: BLS: Despite Superstorm Sandy, Unemployment Rate Drops to 7.7% (lowest in 4 years) |
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The purpose of Blue Virginia is to cover Virginia politics from a progressive and Democratic perspective. This is a group blog and a community blog. We invite everyone to comment here, but please be aware that profanity, personal attacks, bigotry, insults, rudeness, frequent unsupported or off-point statements, and "trolling" (NOTE: that includes outright lies, whether about climate science, or what other people said, or whatever) are not permitted and, if continued, will lead to banning. For more on trolling, see the Daily Kos FAQs. Also note that diaries may be deleted if they do not contain at least 2 solid paragraphs of original text; if not, please use the comments section of a relevant diary. For more on writing diaries, click here. Thanks, and enjoy!
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