• Employment Rate Spikes in January, Unfortunately

    I have some bad news. I don't know how to tell you this — and please don't get too upset or do anything rash — but there was a vast improvement in employment rates last month

    Employers created 243,000 jobs in January, according to Friday's Labor Department report. The unemployment rate dropped from 8.5% to 8.3% — the lowest level since February 2009. Unemployment has now dropped for five months in a row.

    The news was far better than most economists expected. Politically, it's gold for an incumbent running in a year when the economy is by far the top concern.

    Obviously, this is awful awful news. Well, except for people who need money to eat food to not die. For them, I guess it's okay news. But for everyone else, for real Americans — the ones who are still reeling from news that the President has documentation proving that he was born in the U.S. — this is simply terrible! And after all that work Congress put into keeping employment rates stagnated. Where's the payoff?

    But true leaders are true leaders, and the ones who count did their best to put a positive spin on his steaming pile of job growth…

    "We welcome the fact that jobs were created and unemployment declined. Unfortunately, these numbers cannot hide the fact that President Obama's policies have prevented a true economic recovery," GOP presidential front-runner Mitt Romney said in a written statement…

    The economy, GOP House Speaker John Boehner said, "still isn't creating jobs the way it should be and that's why we need a new approach."

    Failing that, we need to find someone to give the President a hummer. I have confidence that we will catch a break.

    Tags: Barack Obama, House of Representatives, John Boehner, Mitt Romney, Unemployment


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