While November of 2012 is still a long time off, at this point, the trajectory of the economy–and Obama’s re-election prospects–look more and more dismal.
|By: Jon Walker Friday December 3, 2010 9:35 am|
|By: David Dayen Friday December 3, 2010 6:59 am|
Clearly, the best plan right now would be to cut taxes and slash the deficit simultaneously. Not only is that not contradictory, but it’s totally the answer to our deepening jobs crisis!
|By: David Dayen Friday December 4, 2009 7:04 am|
The unemployment rate actually lowered in November, while employment was virtually unchanged, as the country lost just 11,000 jobs. This is certainly as good a statistic in this category as there has been for the entire Obama presidency by a wide margin, and the best jobs month since the start of the recession in December 2007.
Still, the raw numbers should resist any call of this as good news. . .
|By: David Dayen Friday November 6, 2009 7:30 am|
A far more troubling milestone for the Democrats than Tuesday’s election results was reached today, as the unemployment rate jumped above 10% for the first time since 1983. 190,000 jobs were lost overall in October, and while the August and September figures were revised upward (-154,000 in Aug., -219,000 in September), the nation is still [...]
|By: Scarecrow Friday November 6, 2009 5:59 am|
As soon as the new unemployment numbers are out, the first question everyone should ask is “where’s the Administration’s jobs program?”