Vicki Needham is working hard to provide cover for the Obama administration and Congressional Democrats, who just got whacked during the 2010 mid-term
Job creation is happening at a faster rate than during previous recessions, more good news for the White House and congressional Democrats who have spent the past two years defending their policies as the economy has slowly recovered.
A Joint Economic Committee state-by-state analysis released Wednesday finds that jobs are returning faster compared with previous recessions despite greater overall job losses across all 50 states.
I’m going to make the prediction now that a Talking Point from Team Obama, Democrats, and their media pals will be that the fantastic job creation in 2011 will be due to the policies enacted when Barry took office, ones like the Stimulus, Son of Stimulus, Health thingy (I refuse to use the word “care” in association with that legislation), financial regulation, and others, and that it just Took Time for them to kick in. Of course, we were told that the Stimulus needed to be passed Right Now to help get people jobs Right Now back in February 2009, otherwise unemployment would go above 8%. And unemployment did go up despite being passed, and has hovered in the high 9’s ever since.
Despite not being an economist, I’d suggest that job creation was not necessarily in spite of Democrat policies – though some surely is – but simply because some companies needed workers. People retire and need to be replaced. Some companies were still expanding, such as fast food joints. Some sectors were doing well, and added lots of people in 2010 to meet demand. Others are still stagnant, hence the nearly 10% unemployment rate.
The most recent recession was the deepest in terms of job losses than any of the four previous recessions — national job losses were 5.3 percent this time around compared with job losses of 1.2 percent (2001), 1.1 percent (1982-83) and 3.1 percent (1981-82).
So, this recession was much worse than the others, so there is bigger room for hiring? Interesting
Of course, we can all Thank Obama and the Democrats for this news. And over the next two years, the media will tell us that we were fools to vote Republican during the mid-terms, because the Democrats legislation worked.
Crossed at Right Wing News and Stop The ACLU.
I am going to suggest that when a worker retires and is replaced that does not constitute “job creation”/ And as for “media” well Americans have a wide range of news sources to choose from, most choose what is called “mainstream” . Some, about 10%. choose to get the viewpoint of non mainstream news.
Wall Street is going great and the uber wealthy are doing great ( and deeply pleased that there tax cuts will remain in place) workers? Well the GOP used to say that the non workers were just lazy and did not want jobs they just wanted to continue to collect their (welfare) unemployment checks
” Health thingy (I refuse to use the word “care†in association with that legislation)”
Try Health Control Bill on for size.
Excellent phrase, Adobe. I’ll definitely have to use that one.