With yesterday’s modest job report, The Progressive media is in full propaganda swing. They are trumpeting the report as a sign that things are great in America. Also, they are claiming it gives the Obama regime ammo against the GOP in budget talks. The theme is, borrowing money creates jobs.
It’s very interesting that the jobs number today has the US economy gaining 216,000 jobs in March. The private sector number was better, at 230,000. Those 14,000? A few Wisconsinites, probably, and other luckless public employees, directly impacted by the budget cuts.
Anyway, why is 216,000 so interesting? Because according to this guy, the economy will need to gain 215,000 jobs every month between now and election day for the unemployment rate to go below 8% by that time. This writer, James Pethokoukis of Reuters, goes on to note, quoting analyst Matt McDonald of Hamilton Place Strategies:
So Walmart jobs are the new norm. Welcome to 3rd World America.
Tags: The Obama Boom
