Another Labor Department jobs report came out today.

Good news, yes? You bet.

The labor market added 288,000 jobs in June; unemployment dropped to 6.1 percent; economists say the economy has gotten its mojo back.

Break out the bubbly stuff. Toast the recovery. We’re back. Aren’t we?

http://money.cnn.com/2014/07/03/investing/june-jobs-report/index.html?hpt=hp_t2

Let’s not forget that as I write this brief post, the Dow Jones Industrial market has surpassed 17,000; the S&P is at a record high as well. Investors are happy. Why aren’t the rest of us?

The gloom-and-doomers have done a great job of bad-mouthing the economy. I know it was bad around here oh, about six years ago.

Some of who were working full time saw our salaries cut. Mine got whacked by 10 percent; the company I worked for quit contributing to our retirement plan, which amounted to another 5 percent pay cut. My colleagues and I felt everyone’s pain.

The Obama administration sought to jump start the economy. The other side was predicting fiscal calamity. It didn’t happen. Quite the contrary, the reverse has occurred.

Are they going to give credit where — I believe — it is due?

Do not hold your breath.

I’ll give credit right here where I think it belongs. The president stepped up and acted boldly.

We’re now seeing the dividend.