As predicted yesterday, the chattering classes are all excited about today’s employment report, with many suggesting it will boost Obama to a second term.
Please.
The unemployment rate stands at a slightly higher rate today than it did when Obama took office. (7.8% on inauguration day).
Despite massive stimulus, unemployment is running about 3% above where the Obama administration promised.
These numbers confirm we are in a 2% GDP growth economy. Meh.
