Today’s jobs report is pretty damn good, and if the last twelve straight months are any indication, the numbers that were reported are probably an underestimate of the pace of the recovery. As it is, the unemployment rate is now down to 8.3%. On this trajectory, it should be below 8% by election day, and that will eliminate one of the zombie lies the Republicans like to tell us. They falsely claim that the administration “promised” that the Recovery Act would keep the unemployment rate below 8 percent. That’s not true. But it won’t matter much if the rate falls below 8%, will it?
We now have 23 straight months of job growth. In 2004, John Boehner sent out a press release that said, among other things:
Last Friday, the Labor Department reported that 1.1 million new jobs had been created over the last eight months, including 625,000 in the last two months alone. Eight consecutive months of positive job growth shows the Republican plan for economic prosperity is working and more and more Americans are finding work everyday.
If eight months of positive job growth indicated that the Republican plan for economic prosperity was working in May 2004, what does 23 months of positive job growth mean for the president’s plan?
