But, but, but…we’re in a recovery aren’t we?
“”It’s clear to every American that there will still be ups and downs along the way and that we’ve got a lot more work to do,” he said.
Yet the latest report raises questions for the president as he nears a critical period in his campaign. Research suggests major economic reports for the three summer months will likely set the tone for voters’ views on the economy, said Henry Brady, a political science professor at UC Berkeley.
“That’s when you really want to have good jobs numbers, when you really want voters to get a sense that things are going well,” he said. “What he can’t afford, I think, is a series of reports that looks like the economy is languishing and allows Republicans to reignite the argument on the economy.””
And were we not told that more Americans are getting back to work over the last 2 months?
“The unemployment figure has declined by 1.8 percentage points in the last 21/2 years, but other key labor market data suggest that much of the drop is not because people are finding work, but rather that “people are dropping out of the labor force,” said Dean Baker, co-director of the Center for Economic and Policy Research in Washington.”
Oh my! Have we been drinking our own koolaid Mr. President?