This weekend it’s time to party like it’s 1999 again because the economy is finally on the rebound. Unemployment has fallen to a three year low of 8.1%. Three years? Oh right, that’s how long BHO has been squatting at 1600 Pennsylvania Avenue.
By the way; the average unemployment for the 8 years of Bush/Cheney was 5.26%.
The MSM and Democrat strategists (the same animal) are absolutely giddy over these new unemployment figures. Some are saying that if the rate drops to below 8% right before this November’s election that Obama will be a shoo-in.
Different standards for different people – I guess.
But let’s not be too hard on BHO just yet, because just a few days ago the First Lady (gag!) enlightened her subjects by pointing out that change takes time. Funny, but change seemed to have come pretty quickly when Obama tripled the national debt during his first three years in office.
I’m far from an economist, but I don’t have to be to understand that the job market isn’t going to improve until taxes are drastically slashed across the board (personal, corporate, and capital gains). The recent report showing that unemployment dipped to 8.1% also mentioned that wages are still stagnant and that a record number of people have dropped out of the labor force. Add to this rising fuel and food prices and you have a significantly lower standard of living for most people that aren’t millionaires – or government employees.
See WSJ piece here.
So the Obama cultists can spin this minuscule dip in the unemployment numbers all they want, but the fact is that we’re very far from a real and lasting recovery. That’s if a real recovery is even possible within the next decade or two.