Big jobs numbers, but still no GOP applause

Critics of President Obama have been beating the drum for years about the economic recovery.

Yeah, nice jobs numbers, but those wages just aren’t increasing, they say, while lampooning the economic recovery as a sort of mirage.

http://www.nytimes.com/2014/12/06/business/economy/november-jobs-unemployment-figures.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

Today’s news brought some serious good cheer to some of us, but not all.

The economy added 321,000 jobs in November. Wages increased 0.4 percent as well. The bottom line? The economy is finally beginning to be felt in people’s homes.

Will there be cheering among congressional critics of the president? Don’t hold your breath.

My hunch is that they’ll find a way to spread the joy among themselves without giving credit to a federal economic policy that’s been working for, oh, about the past five-plus years.

The stock market is heading into record territory — again. The trade deficit is down. The budget deficit is down. The national debt is slowing. Unemployment remains less than 6 percent. Investments are up. Spending is up. Real estate prices are up. Auto sales are up. Domestic energy production is up. Gasoline prices are plummeting.

Holy cow! I can’t stand all this good news!

I’ll just have to proclaim it from this forum yet again.

 

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