http://www.washingtonpost.com/business/e...story.html

I don't know what's more amazing to me:

That Obama and the democrats are taking credit when six months ago they were insisting that another round of "stimulus" had to be passed NOW or else the sky would fall, and republicans refused to pass it, and that's when the improvement started.

Or that republicans are letting them.

I'm not sure things are better... people's benefits have just run out and can't apply, right?

Really...amazed? What administration in the past hasn't taken credit for everything positive related to jobs and the economy?

(04-05-2012 09:24 AM)mlb Wrote:  I'm not sure things are better... people's benefits have just run out and can't apply, right?

Yes...that is certainly part of it...but it has always been part of it. People will always stop filing and/or run out of benefits.

(04-05-2012 09:25 AM)Redwingtom Wrote:  Really...amazed? What administration in the past hasn't taken credit for everything positive related to jobs and the economy?

You're right. No politician has ever failed to lie when he stood to benefit from the lie, and Obama would be the last person to change that. I just find it quite interesting that "stimulus" produced anemic recovery at best for 2+ years, then republicans put a halt to further "stimulus" and the recovery immediately began to pick up. And it's Obama who's taking credit. And republicans are letting him.

(04-05-2012 09:24 AM)mlb Wrote:  I'm not sure things are better... people's benefits have just run out and can't apply, right?

Labor participation rate actually had a slight tick upward.

But, the real unemployment is estimated to be around 15%. That number would have people very upset.

(04-05-2012 09:26 AM)Redwingtom Wrote:  

(04-05-2012 09:24 AM)mlb Wrote:  I'm not sure things are better... people's benefits have just run out and can't apply, right?

Yes...that is certainly part of it...but it has always been part of it. People will always stop filing and/or run out of benefits.

Except that long term unemployment hasn't gone down much after reaching an all time high in 2010.

http://online.wsj.com/article/SB10001424...70176.html

(04-05-2012 09:21 AM)Owl 69/70/75 Wrote:  I don't know what's more amazing to me:

That Obama and the democrats are taking credit when six months ago they were insisting that another round of "stimulus" had to be passed NOW or else the sky would fall, and republicans refused to pass it, and that's when the improvement started.

Or that republicans are letting them.

I've always felt that politics are a package deal. Politicians are somehow allowed to take credit for all things good (whether they contributed to them or not), but they also get blamed for all things bad (whether they contributed to them or not). This is especially true during election years.

It's unreasonable to expect that candidates will take their opponent's record and filter it for actual contributed impact.

(04-05-2012 09:41 AM)BlazerFan11 Wrote:  

(04-05-2012 09:26 AM)Redwingtom Wrote:  

(04-05-2012 09:24 AM)mlb Wrote:  I'm not sure things are better... people's benefits have just run out and can't apply, right?

Yes...that is certainly part of it...but it has always been part of it. People will always stop filing and/or run out of benefits.

Except that long term unemployment hasn't gone down much after reaching an all time high in 2010.

http://online.wsj.com/article/SB10001424...70176.html

WSJ Wrote:Economists call this grim prospect "hysteresis," a term borrowed from chemistry

I told you p-chem is the key to understanding economics (andmost of the world).