Good News for the Economy, Bad News for Republi-CONs

UPDATE III: Of course, Obamney claims that Obama made the economy worse. But even reporters are realizing that the Republi-con "level of dishonesty is almost disarming to reporters and news orgs; it’s so brazen and ubiquitous that it’s hard to know how to attack it. " Read the Washington Post, Probing the depths of Romney’s dishonesty and Faced with good news about economy, Romney dissolves into incoherence.

Republi-cons will have to "pick up their game" and tank the economy soon, or TGWLTTGWLLT (The Guy Who Lost To The Guy Who Lost Last Time) (<-- NoBullU.com copyright claim) will lose the election this time.


UPDATE II: And bad news for Republi-cons. Read the Washington Post, U.S. adds 243K jobs in January; unemployment rate drops to 8.3%, which includes this graph:



Some argue the news has been even better, "[b]ecause for the past year, the initial jobs reports have consistently been way too pessimistic. Read the Washington Post, Earlier reports prove too pessimistic, which noted that "[i]f you paid attention only to the initial monthly estimates, the economy added just 1.38 million jobs last year. But if you paid attention to the final revisions, the economy actually added 1.82 million jobs last year — twice as much as 2010, and a difference of 440,000 jobs."


UPDATE: More bad news for Republi-cons.

"The nation’s on-and-off economic recovery has picked up its pace again, the Commerce Department reported Friday, with the U.S. economy growing at an annualized rate of 2.8 percent for the end of 2011.

That rate is the fastest recorded in a year and a half, and follows three quarters of growth below 2 percent."

Read the Washington Post, U.S. economy in fourth quarter 2011 grew at fastest pace in 1.5 years.

As I said in February 2009, tax cuts are not the answer, and again in October 2010, this downturn won't be over 'til the fat lady gets a job.

But despite the best efforts of the Republi-cons to tank the economy, "[t]he December jobs report is good news. Very good news. Payrolls increased by 200,000 -- and the growth was spread relatively evenly across the economy. Retail added 28,000 jobs. Manufacturing added 23,000 jobs. Transportation and warehousing added 50,000 jobs -- 43,000 of them in the 'couriers and messenging' subcategory, which suggests some of those gains are temporary holiday hires. Health care added 23,000 jobs. Food services added 24,000. Mining added 7,000 jobs. The only payrolls that shrunk in December were government payrolls: we lost another 12,000 public-sector jobs."

Read the Washington Post, A good jobs report — and a good year, which includes this graph for the year:



Expect a lot of panic and denial today from Republi-cons, because it is lookin like it will be Obama in 2012.