Friday, November 6, 2015

Full Employment is at Hand

We are getting dangerously close to a "thanks, Obama" moment:

According to Labor Department statistics released on Friday, the American economy added 271,000 jobs in October, pushing the unemployment rate down to 5.0 percent from September's 5.1 percent. This lowered unemployment would normally be considered by economists to mean the United States is close to "full employment," but a so-called "slack" in the labor market following the 2008 recession has led to differing calculations. Either way, the dip in unemployment is expected to signal an interest-rate increase by the Federal Reserve next month in order to stave off inflation.

Can Republicans who have served in Congress actually run against an economy they have been sabotaging for over seven years? I suppose they can--shamelessness is not a strong suit on the other side of the aisle. But the real question is, can anyone honestly run against an Obama track record and say that a Republican can do better? Can a Republican keep unemployment low? Can a Republican replace Obamacare without sending millions back to the ranks of the uninsured?

Not if they're doing the bidding of billionaires. Not if they're slaves to Voodoo Economics. It's not going to work, even with a marginally informed electorate.

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