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Re: Hmmm........


IMO, its not spin.  Those of us who understand how econmic indicators work, know that employment is a lagging indicator.  We understand that the economy will do better, but employment numbers will not immediately be impacted. We also know that unemployment numbers will likely rise for a short time, as the economy improves.

There is no magic wand.  There is no quick fix.  It's a slow process. Reagan supposedly had a great economy.  During his presidency, we had 6.5 consecutive years if high unemployment (8% or higher).  We had about 19 consecutive months of unemployment over 9%. Point being, historically, unemployment numbers take a long time to change, and do not always correctly reflect the current condition of the economy, which is why it is called a lagging indicator.  This is all pretty commom knowledge, unless you think its possible for Reagan to have high unemployment and a strong economy. BUt don't believe the same can happen when the President is a Dem.
This is CABL.com posting #298380. Tiny Link: cabl.co/mbpMK
Posted in reply to: Re: Hmmm........ by justchecking
There are 3 replies to this message
Re: Hmmm........ Trey9007 5/10/2010 11:28:18 PM
Re: Hmmm........ justchecking 4/5/2010 12:01:54 AM
Re: Hmmm........ sab3r 4/4/2010 3:44:06 PM