Mitt Romney tantalized voters with the prospect of getting the unemployment rate down to 6% by January 2017.
Instead, we reelected Barack Obama and — despite the Republican Congress’s refusal to put Americans back to work revitalizing our infrastructure — have enjoyed 76 consecutive months of private sector job growth, with the unemployment today reported at 4.9%.
And wages are finally even beginning to climb a bit.
Donald Trump . . . who suffers from Narcissistic Personality Disorder* . . . calls the economy (and our military) disasters, even though both are the strongest in the world. “Roughly an hour before the U.S. government’s release of the monthly employment report,” Bloomberg notes, “the Republican presidential nominee announced a team of economic advisers to help carry his message forward that the economy is deteriorating and needs another rescue.”
Trump says he would bring millions of 50-cent-an-hour jobs back from China and — even though he opposes a higher minimum wage — somehow transform them into high-paying jobs.
It makes absolutely no sense.
It is a complete fantasy.
And judging from the polls, people seem to be catching on.
Joe Kennedy sent his son that famous telegram about not wanting to pay for a landslide. Well, we DO want to pay for a landslide: to reassure the world America has not lost her mind; and to take back Congress, so we can finally do the things the public wants — revitalize our infrastructure, hike the minimum wage, enact comprehensive immigration reform, require universal background checks, confront climate change, make it easier — not harder — to vote.
*An “enduring pattern of grandiose beliefs and arrogant behavior together with an overwhelming need for admiration and a lack of empathy for (and even exploitation of) others . . . excessive self-love, egocentrism, grandiosity, exhibitionism, excessive needs for attention, and sensitivity to criticism.” — International Classification of Diseases (h/t Linda Stasi)
Quote of the Day
On the day of the 1983 economic summit, James A. Baker 3rd, then chief of staff, realized Mr. Reagan had not read his briefing book. When Mr. Baker asked why, Mr. Reagan responded, 'Well, Jim, The Sound of Music was on last night.'~Professor Herbert S. Parmet reviewing President Reagan: The Role of a Lifetime
Request email delivery
- Mar 26:
iPhone Tips And The KGB
- Mar 25:
Of Deficits And That Mechanical Swan
- Mar 22:
Pins And Groats — Be It Ever Thus
- Mar 21:
Demand Your Carbon Dividend
- Mar 20:
Success! Why Do New York’s Mayor And City Council Resist It?
- Mar 19:
The Other Kind Of Bankruptcy
- Mar 18:
- Mar 15:
Pete Buttigieg And John Delaney
- Mar 14:
The Fifth Risk
- Mar 13:
Reader Feedback: How About A Stock Update?
- Mar 26: