Posted on 04/05/2014 9:31:24 AM PDT by mandaladon
This was supposed to be the year the U.S. economy would finally break out of the doldrums — the year it would deliver the kind of robust growth that could lift President Barack Obama’s dismal approval ratings and help Democrats avoid a shellacking in November.
It now looks like that dream is fading fast.
So far, it’s been easy to dismiss weak economic news as the result of an awful winter. But those excuses ended with Friday’s March jobs report, the first of spring, which showed a lower-than-expected gain of 192,000 — Wall Street traders were looking for something closer to 300,000 — and an economy not losing speed but not exactly revving up for the run to the November midterm elections.
Democrats were fervently hoping for a bigger number. Because if they don’t get faster growth soon, they could wind up trying to hold off Republicans this fall while fighting the triple threat of an unpopular president, an unpopular health care law and a stagnant economy that has left voters grouchy and pessimistic.
Experts say even a single good jobs number wouldn’t be enough. And the March number, which also showed unemployment unchanged at 6.7 percent, was hardly a blockbuster. It will take months of stronger employment gains and increases in take-home pay to lift the grim national mood. Democrats, fairly or not, will get nearly all of the blame if the economy sinks back into the mud — and time is running short for them to get credit for any improvement.
Friday’s jobs number comes against a backdrop of dashed hopes.
(Excerpt) Read more at politico.com ...
“The jobless rate has been steadily coming down, but a good part of that is due to people leaving the labor force, which now stands at just 63.2 percent of the population, the lowest level in 35 years.”....................Keep that in mind when the RATs start talking about unemployment rate going down.
We have been waiting for a robust economy since 2009.
Is there anything to make anyone believe this year will be the year?
“Meanwhile, household incomes have actually fallen 4.4 percent since the official end of the recession in June 2009. This helps explain why even though headlines occasionally refer to “consumer confidence” figures hitting highs since the recession, the numbers are still very depressed.”.......................Another important fact.
I’d assume the majority of democrats support abortion, ‘alternate lifestyles’, and put all of their real faith in man or government - they dawn well better start praying.
This was supposed to be the year the U.S. economy would finally break out of the doldrums — the year it would deliver the kind of robust growth that could lift President Barack Obama’s dismal approval ratings and help Democrats avoid a shellacking in November. says who? RATS???
LOL - Democrats find Jesus after implementing policies that common sense dictates will destroy the economy. Fancy that!
Hold on! I thought that we were experiencing an economic recovery.
Yeah I remember the green sprouts of the supposed “ Economic “ recovery that didn’t happen....... ducking idiots.
I was going to say that also, plus only an idiot would think that the policies the democrats have put in place could lead to an economic spring. Oh yeah, idiot, democrat, kind of the same thing huh?
Yup. This is Politico.
yeah, yer right
The economy won’t improve until the Tea party occupies the WH.
They’ll make a golden calf and pray to that. Or perhaps a human sacrifice thrown into an active volcano.
Recovery Summer VI: This Time, It’s for Real™
Ah, yes, the follow-up to the critically-panned "Recovery Summer V: This Time It's Personal," but I have high hopes for next year's anticipated "Recovery Summer VII: The Reckoning" and the inevitable "Recovery Summer VIII: Electric Boogaloo."
Bammy has put the Future on hold (or held as a hostage).
Lolz
It's personal, alright.
Icking Fudiots
““Meanwhile, household incomes have actually fallen 4.4 percent since the official end of the recession in June 2009. This helps explain why even though headlines occasionally refer to “consumer confidence” figures hitting highs since the recession, the numbers are still very depressed.”.......................Another important fact.”
You need to add to that the fact that the costs of “Government Services” at all levels have skyrocketed. Stuff like bridge tolls, and “government inspection services,” are doubling and tripling before our very eyes. Our local sewer district just raised rates substantially. The two major reasons were: 1) The need to comply with fed gov. mandates and retirement costs. Then, there’s always the Post Office, and in most states the DMV.
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