As the Market Ticks Upward the Economy Remains Sluggish...
by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny The economy has made gains under the Presidency of Barack H. Obama. Gains the democrats feel proud of. Perhaps they should given the rocky road they inherited. Right? Here's a slightly different perspective. Investors Business Daily - Economy : So the economy created 157,000 new payroll jobs in January. Wow. At this rate, we might actually get back down to Bush-era unemployment rates sometime, oh, within the next 100 years. The January jobs report is supposed to be good news. After all, the economy has now added a total of 6.1 million jobs over the past three years, and the BLS revised last year's jobs numbers sharply upward. But it doesn't take much effort to notice that, when it comes to job creation, we are barely treading water. Case in point: Despite these "big" gains, unemployment climbed to 7.9% — higher than when Obama took office amid the "worst recession since the Great Depres...