Friday, February 05, 2010

Insightful Analysis or Partisan Hot Air?




This morning, the BLS reported the unemployment rate fell to 9.7% from 10.0%.  I realize this is only 1 data point, but it follows all sorts of partisan hackery claiming fiscal stimulus destroys jobs.

It reminded me of the situation roughly a year ago when the stock market was free falling "all because of our new president's policies."  March 6, 2009, "Obama Bear Market Punishes Investors. . ."  and "Obama's Radicalism is Killing the Dow."  3 months later, the Dow was up 33% and up 51.7% from March 6, 2009 to Feb. 4, 2010.

I can only hope the recent "analysis" on jobs proves as insightful.

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