REPOST: On That Unbelievable January Jobs Report
Let’s give Pendejoe a round of applause for that January jobs report and recognize that November and December numbers were revised to include more jobs created. Amazing, the economy recovered just like that. In fact, January’s report outpaced expectations by three times.
In fact, it really is unbelievable. Still, let’s give Pendejoe and the Democrats full credit for the state of the economy. It’s amazing. They are so smart; I might have to retire the term Pendejoe. What an amazing job. Wow! Stupendous!
Except I don’t buy it.
Not even a little bit.
I think of a quote by Thomas Jefferson “We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nothing can produce nothing.” I remember during the Obama administration the jobs reports would come out and then revised down a couple of weeks later. It seemed to constantly happen. The numbers would be positive and well publicized then quietly announced they weren’t as good as promoted. While it kept people from focusing on the slow growth of the economy, the numbers stayed rooted in reality....