It is Thursday, so Atrios is once again spinning good economic news as- well, bad news:
Congratulations to the 336K new lucky duckies.
But, more importantly, tomorrow the monthly jobs report comes out. The usual reminder – anything under 150K or so is a “bad” number and anything under 300K or so is less than the average monthly job creation number Bush used to justify his most recent tax cut…
Now, that would be a question for a press conference. “Mr. Preznit, in Februrary of 2004, your Council of Economic Advisers predicted that if your tax plan passed, that 3,672,000 new jobs would be created. What went wrong?”
As you can clearly see- the employment situation is improving, at a rather decent clip:
As Atrios was a loud opponent of the tax cuts and is clearly claiming the tax cuts did not do ENOUGH, a better question might be- why are the Democrats in favor of widespread unemployment? Also note- initial claims are very close to where they were during the ‘miracle economy.’
BTW- Props to anyone who can tell me what the number 357,000 means and who came up with the figure.