Saturday, October 6, 2012

The economy IS getting better, job report or no

Posted By on Sat, Oct 6, 2012 at 6:19 AM

JACK WELCH: Im not accusing anybody of anything.
  • JACK WELCH: 'I'm not accusing anybody of anything.'
Joe Nocera of the New York Times offers a calm analysis of the monthly unemployment numbers, which had good news in a declining employment rate but a soft report on additional jobs. He explains thoroughly why Republican conspiracy theories are best dismissed. (Gotta love Republics who trust completely every good poll number they receive, but call all others manipulated.) Nocera admits to some head-scratching about contradictory aspects of the report, but also notes it's not the first time it's happened given differing methodology in the data gathering.

Nocera also quotes bullyboy Republican Jack Welch as backing off from some of his overheated comments about supposedly corrupt numbers from an independent federal agency insulated from politics.

Here's what's important:

There is rough justice in the way things are playing out. Having spent the last year wrongly blaming the president for high unemployment, Republicans can only stand by helplessly as the unemployment rate goes down at the worst possible moment for them. Fox News scoured the data Friday, looking for signs that the economy wasn’t improving. They found some: high unemployment for African-Americans, for instance, and fewer manufacturing jobs.

But the data were largely overwhelmed by positive signals. In its revised figures for July and August, for instance, the bureau said that more jobs had been created than it originally estimated. People with only high school degrees were finding jobs. The number of people who had been out of work for six months or more was at its lowest point in three years.

Whether the Republicans like it or not, the economy is slowing getting better.

What kind of American would WANT bad economic results? Somebody who puts politics above country?

Tags: , , ,

Favorite

Speaking of...

Comments (19)

Showing 1-19 of 19

Add a comment

 
Subscribe to this thread:
Showing 1-19 of 19

Add a comment

More by Max Brantley

  • Gunfire reported at downtown hotel

    Guests at the Marriott Hotel downtown reported hearing multiple gunshots about 9:30 p.m. Saturday night, but, at last report on KTHV, police had found no evidence that anyone was hurt.
    • Feb 19, 2017
  • Trump ventures into fake news as he decries it

    President Donald Trump continued his attack on the media at a rally in Florida Saturday, but his own reporting of facts continued to be fractured, with reference to a non-existent incident in Sweden.
    • Feb 19, 2017
  • More objections to the bathroom bill from Buffalo River businessman

    A tourism operator in the district of a senator who's sponsored a "bathroom bill" to discourage transgender use of public facilities has joined those objecting to the legislation as damaging to business.
    • Feb 19, 2017
  • More »

Readers also liked…

  • Monticello preparing for KKK rally

    Drew County authorities are taking precautions, but also watching their words, about apparent plans for a Ku Klux Klan meeting Saturday.
    • Jul 22, 2015
  • In defense of Planned Parenthood and abortion rights

    An op-ed in today's New York Time by Katha Pollitt says what I've been struggling to say about the reaction to the attack on women's reproductive rights launched by means of the undercover videos made by anti-abortion activists.
    • Aug 5, 2015
  • Matt Campbell files ethics complaint against Dennis Milligan

    Little Rock attorney and blogger Matt Campbell, whose knack for deep research brought down Mark Darr, Mike Maggio and Dexter Suggs, now has his sights trained on another worthy target. Today, he filed a 113-page ethics complaint against state Treasurer Dennis Milligan that includes 14 separate allegations.
    • Aug 20, 2015

Most Shared

  • "Nasty Woman" at HSU: 32 artists celebrate Women's History Month

    A photograph of a woman doing a headstand so you can see her red underpants. A sculpture by Robyn Horn titled "Approaching Collapse." Those and other works that assistant professor of photography Margo Duvall says "celebrates the female voice in art" for Women's History Month go on exhibit March 1 in the gallery in the Russell Fine Arts Building.
  • Home again

    The plan, formulated months ago, was this: Ellen and I were going to go to Washington for inauguration festivities, then fly out the morning after the balls for Panama City and a long planned cruise to begin with a Panama Canal passage.
  • Who needs courts?

    Not since the John Birch Society's "Impeach Earl Warren" billboards littered Southern roadsides after the Supreme Court's school-integration decision in 1954 has the American judicial system been under such siege, but who would have thought the trifling Arkansas legislature would lead the charge?
  • Bungling

    If the late, great Donald Westlake had written spy thrillers instead of crime capers, they'd read a lot like the opening weeks of the Trump administration.
  • UPDATE: Campus carry bill amended by Senate to require training

    The Senate this morning added an amendment to Rep. Charlie Collins campus carry bill that incorporates the effort denied in committee yesterday to require a 16-hour additional training period before university staff members with concealed carry permits may take the weapons on campus.

Visit Arkansas

New Crystal Bridges exhibit explores Mexican-American border

New Crystal Bridges exhibit explores Mexican-American border

Border Cantos is a timely, new and free exhibit now on view at Crystal Bridges.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation