When I woke up this morning and checked my Yahoo homepage, AP headlined that the jobs report due out today would probably show that jobs were growing once again - the corner was turned. Not so much. The AP headline at noon was an "unexpected" loss of another 85,000 jobs in December. Unexpected only to AP apparently.
News flash: IT'S THE ECONOMY STUPID! It's not healthcare. 85% of the American public is happy with their healthcare. It's not even the war against the jihadists because our military has cooled the bad guys off considerably and will continue to do so given a decent measure of support from Washington. No, it's Congress and the Administration spending money like drunken sailors after a year at sea, threatening to raise taxes across the board, and showing no sign of letting up that has employers spooked. Employers aren't going to spend doo-dah until government sobers up and quits its monumental drunk. The longer it goes on, the longer and slower will be the recovery. AP, you are well advised to do some actual economic reporting rather than flakking for the Administration. Otherwise, there will be a lot of "unexpected" headlines in your future about the economy that are entirely predictable.
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