Some of the nonsense you keep hearing:
First Trust Advisors economists Brian Wesbury and Robert Stein argue that labor force concerns are overblown. The latest jobs report, they say, was the best since the economic recovery started. “Let’s not make up reasons to be disappointed when the numbers are getting a little bit better every month,” they wrote in a Monday dispatch.
–Investor’s Business Daily
We’re not making up reasons–we’re swamped in reasons to distrust and loathe the numbers and explanations which squirt freely from this administration.
The blunt fact here is that a real recovery feels like boom, tempered only by the fact that people know it’s all making up for lost time. And that’s the problem here. No matter how much “recovery” happens, we’re still deep in the red. The absence of a boom sensation, the creeping, slithering nature of this hovering-around-zero-growth economic stage means exactly that this is not a recovery. “Growth” rates are a whole lot more like business as usual than like a recovery.
Obama wasn’t kidding about a laser-like focus on jobs. He has permanently vaporized millions of positions by jacking up the price of everything except mob behavior. This is not a recovery. There will be no recovery until Obama and his crooks and liars are gone, and the reams of disastrous laws and regulations are repealed with a vengeance. Until then, welcome to the new normal.
