by Wes Pedersen
The employment/unemployment figures for the past year are out and they are at once encouraging and devastating. As measured by the economists in the Labor Department, unemployment is down to 8.3 percent, a three-year low.
No one is more surprised than the economists. Their tracking gave no clue that the country was doing that well. (Sound familiar somehow? These are essentially the same experts who failed to see any signs of the then oncoming Great Recession.)
The president, of course, is taking credit for the new figures. They are virtually made to order for him. He cites them as signals of recovery. He’s told Republicans in Congress “Don’t muck it up.” They say any improvement is despite him.
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