Economy

March Unemployment: The Rorschach Jobs Report

March’s unemployment numbers were mediocre enough to be open to any number of interpretations. Republicans see evidence that the President’s policies have taken us off track. Obama just called it another bump in the road. Here are two reasons to despair and two reasons to celebrate about the latest data:

Obama’s ‘Stealth Stimulus’ Renewed

Back in December of 2010 when Congress was faced with the imminent expiration of the Bush tax cuts, Democrats and Republicans made a pretty straight-forward tradeoff. President Obama would allow extended lower rates on top-tier income, anathema to liberals, in order to secure a moderately sized economic booster shot.  The “Stealthy …

What Will Mitt Romney Talk About if the Economy Gets Better?

For the better part of two years, Mitt Romney has been relentless. “Four years ago, candidate Obama came to Nevada, promising to help,” he said in his victory speech after the Nevada caucuses on Saturday night. “Today, Nevada unemployment is over 12%, home values have plummeted, and Nevada’s foreclosure rate is the highest in the nation …

Obama and the Imperceptible Recovery

Friday’s jobs report offered yet more evidence of an infuriatingly glacial recovery. The U.S. economy added 80,000 jobs in October, nudging unemployment down one tenth of a percent to 9.0%. Economic minds wiser than mine observed …

The Real Debate: 2012 and Beyond

The New York Times op-ed page has two excellent columns today, by Tom Friedman and Ross Douthat that should define the most important national debate in the coming year–about the role of banks (Friedman) and the government (Douthat) in our economic future. Should, but probably won’t, because the national IQ tends to plummet in election …

Class Warfare: The Middle Class Is Losing

Peggy Noon today picks up a theme, recently invoked by David Brooks, which has become a relentless Republican talking point on the presidential stump: Barack Obama is a divider or, as Newt Gingrich inimitably put it to a crowd in Davenport, Iowa, which I report in my print column this week: “The President is a sincere believer in class …

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