From my local news source, the AP announced:
Fourth straight month of strong US hiring expected
This was announced at 06:58 AM this morning.
US economy adds 120K jobs, jobless rate at 8.2 pct
I sure do hope the economy continues to recover. I say this knowing that it will buoy an Obama election effort, however, it’s time for the uncertainly in the nation’s economy to shift to robust growth.
With that said, I am not sure this current recovery will be either long lived or robust.
The Obama administration lost the economy in 2010 . Their economic team of Tim Geithner, Larry Summers, Austan Goolsbee, Christina Romer, Peter Orszag, Alan Krueger, and Jared Bernstein were convinced that the Stimulus would fix the economy . The only big disagreement among these collective wisdom wonders was how big . Romer wanted $ 1.8 trillion . Larry Summers gave Obama the smaller $ 850 Billion option for political reasons . When that eventually failed, Team Obama was never able to do Stimulus two .
The Obama apologists will forever blame the small size of the Stimulus as where they went wrong . They will never question their Keynesian assumptions. When Obama got the stimulus passed he was convinced by his faithful economic companions that he had solved the problem. So he merrily went onto bigger and better things such as Obama-Care .
2010 will go down as the time Team Obama made it’s big mistakes. That is when they failed to reverse unemployment. This is the point where they will have lost the 2012 election .
The Obama nomics superstars have failed the Great One . Yes, but he picked them .
2010 will go down as the time Team Obama made it’s big mistakes. That is when they failed to reverse unemployment. This is the point where they will have lost the 2012 election .
Let us hope that we learn this lesson!