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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: joseffy who wrote (855553)	5/9/2015 8:28:59 PM
From: Mongo2116	1 Recommendation Recommended By bentway Respond to of 1578428

Republican Hopes Crushed As Jobs Go Up And Unemployment Drops April’s job report was released today showing and brisk increase in growth as 223,000 new jobs were added while unemployment dropped to 5.4 percent. This followed a painfully slow March in which only 85,000 jobs were created, giving hope to Obama critics that the economy was stumbling just in time for the 2016 election cycle. Buuuuuuuut, sadly for them and great for the rest of us, March seems to have been an outlier as job growth rebounded with a vengeance. Even worse, 5.4 percent is an important symbolic number. The last time is was this low was right at the beginning of the Great Recession in May 2008. Only a few months before we all realized that something was terribly wrong with the economy. That means that we’re finally back to where we started before Republican policies of ignoring Wall Street greed led us all to ruin. But don’t expect Republicans to thank President Obama for cleaning up their mess: Conservative critics of President Obama’s economic policies cite the depressed participation rate as evidence of how weak the economy remains, despite other seemingly rosy data points like the falling unemployment rate, healthy corporate profits and a buoyant stock market. Other experts attribute much of the decline to the retirement of baby boomers, the return of some adults to school and other demographic factors. Yeah, conservatives like to forget about the millions upon millions of Baby Boomers who are retiring. It’s even more galling because when the crash first happened, it wiped out the retirement savings of millions of those same Boomers who were apoplectic that they had to keep working. And somehow Obama got blamed for that. However, with the passage of Obamacare and the stock market surging to new highs, a lot of those Boomers are getting to retire after all. But let’s not talk about that. We’ll just pretend a low participation rate wasn’t predicted over a decade ago and claim it’s “bad news” that old people are retiring. Then again, considering Republicans want to end Social Security and Medicare, the idea of old people retiring appears to actually BE a bad idea to them. This unprecedented streak of job growth is absolutely terrible news for Republicans going into 2016. How will they bash Democrats over the economy if the economy has steadily, if slowly, improved nonstop for over 5 years? What are they going to do, claim that they can make the economy grow faster by giving more money to the already insanely wealthy 1%? Good luck with that. By taking the economy away as a realistic talking point, all Republicans are left with is social issues and let’s be honest, talking about how much they hate minorities, women, gays and the poor just isn’t the winning strategy it used to be.