As frustrating as it is to see the economy shed another 216,000 jobs in August, the trend is at least going in the right direction. August's numbers were bad, but they were slightly better than expected, and more importantly, they constituted the best month for the U.S. job market in the last 12 months.Why anyone thinks these fucktards are capable of governing is beyond me.
White House press secretary Robert Gibbs said the improvements are evidence of successful administration efforts. House Speaker Nancy Pelosi added, "We have a long way to go; but fortunately, President Obama and congressional Democrats acted decisively earlier this year, and the results are beginning to show." The chief economist for the U.S. Chamber of Commerce -- not exactly Liberal Central -- said the stimulus has, in fact, helped turn the economy around.
Then, there's the other side. Republicans responded to this morning's jobs report exactly as they have every month since February -- by expressing outrage that President Obama, who inherited the worst recession in generations, has not already fixed the economy. Republican National Committee Chairman Michael Steele said the August numbers are proof "this administration is ignoring reality."
The irony is rich. In fact, Pat Garofalo has a good item about reality today.
Of course, the new numbers have ignited the monthly ritual of conservatives labeling the stimulus a failure. Rep. Eric Cantor (R-VA), after calling this week for completely canceling the stimulus, doubled down today, saying that the jobless numbers mean we should use stimulus funds to "pay down our debt."
But as Bloomberg News pointed out, "rising joblessness underscores Treasury Secretary Timothy Geithner's judgment this week that it's 'too early' to start exiting from the unprecedented stimulus measures aimed at stabilizing the economy."
The blazing fire the president found burning when he was sworn in hasn't been extinguished. And the first Friday of every month offers his detractors another chance to ask why the president keeps throwing water at the problem, using the smoldering ashes as evidence of why the spigots should be turned off immediately.
And as for all their screaming about paying down the debt, let's not forget how happy they were adding to the deficit in the first place (h/t Paco).
Tell you what. Since they're soooo concerned about the national debt, and so very responsible for a gargantuan proportion of it, why don't they use their campaign coffers to pay it down?