Can you hear the echoes of panics passed?
Ah, the wisdom of Michael Steele
Republican National Committee Chairman Michael Steele said in a statement. “The Republican Party’s overwhelming victory in Virginia is a blow to President Obama and the Democrat Party. It sends a clear signal that voters have had enough of the president’s liberal agenda.”
Oh no oh no oh no oh no! With an unemployment rate nearing ten Democrats aren’t winning elections in an off-off year! Whatever will they do? Really? Look I’ll trash the Donkeys as fast or faster than the next fool with a blog, but come on, let’s not be more ridiculous than necessary or, at the very least, entertaining. Here’s the deal. In JANUARY of TWO THOUSAND AND NINE, you know, THIS YEAR, every politician, pundit, reporter, analyst, or other name for a talking head said that the economy will continue to struggle THROUGHOUT 2009 with losses slowing in the fourth quarter and IMPROVEMENT BEGINNING IN 2010 at best. EVERYONE KNEW THIS! I’m sick of morons with broadcasting privileges forgetting what they said nine months ago. In January, even those painting a “rosy picture” said,
If the dominoes fall the right way, the economy should bottom out and start growing again in small steps by July.
You know, July, the first month of the third quarter (July, August, September). That same third quarter in which we now know GDP grew and did so by 3.5%, growth that Forbes.com, not exactly a bastion of Obama-lovin’, said would still be growth even without the “Cash for Clunkers” program.
Job losses have slown and the ECONOMY, miracle of miracles, HAS GROWN in 2009, not in the fourth quarter, but IN THE THIRD!
Do job losses continue? Yes. At a faster rate? No. At a the same rate? No. At a slower rate? Yes. That is progress. Is it good? No. It is bad, obviously. But if no one predicted the economy would grow in 2009 NO MATTER WHAT ACTION THE GOVERNMENT DECIDED TO TAKE OR NOT TAKE, how could anyone expect job losses to become job gains in 2009? JOBS ALWAYS LAG BEHIND ECONOMIC GROWTH. That’s not some arcane, ungraspable economic theory; IT’S SIMPLE LOGIC!
If the economy isn’t growing, one would expect that businesses are not growing. If businesses are not growing, they will not hire new people. After businesses see that they are growing, say, after one or two quarters of a growing economy, then they will no that PEOPLE ARE BUYING THEIR SHIT AND THEY CAN SAFELY HIRE MORE PEOPLE! Only after the economy shows consistent growth will job losses reverse and become job gains. I get that I am not economist. I get that it is FAR MORE COMPLICATED THAN THAT. Still, jobs always lag behind the larger economy.
Chicken Little, all Chicken Little’s, I think I hear Henery Hawk calling your name.
Filed under: commentary, economy | Tagged: 2010, barack obama, Donkeys, Election 2009, Foghorn Leghorn, GDP, Henery Hawk, Michael Steele, Recession, Recovery, unemployment, Virginia
I also like how they conveniently overlook how McDonnell had to move to his left in VIrginia in order to be seen as a moderate, and he quickly ran away from many of his former hard-right positions. Yes, the fact that he took them to begin with and still won seems to be discouraging, but he seemed, at least politically, to be embarrassed of them. Additionally, Christie was running neck and neck with a VERY unpopular Democratic governor in New Jersey (he had approval ratings similar to George Bush) and he still isn’t guaranteed a win.
On top of that, the tea-bagging party in NY-23 looks like it has been turned on it’s head. With 63% reporting the Dem leads 49-45. The district has been held by a republican for more than 100 years…..Let’s see what narrative the MSM goes with tomorrow.
Oh and Obama’s approval is between 54-56% depending on which poll you like. What were his numbers this time last year?
66,882,230 (53%)
Better than election day…sounds good to me.
NY-23! I was listening to Fred Thompson comment on it on Fox News from a non-Fox News site. Poor Tea Partiers. Better luck next time, lol.