Tuesday, October 22, 2013

An Economic Reminder

++We finally have the September jobs report after the government shutdown. The economy gained another 148,000 jobs and unemployment is now at 7.2%. According to Paul Krugman, writing during the government shutdown,employment would be at 6% except for the GOP's manufactured crises. Macro-economic studies showed that GOP hijinks cost the economy 900,000 jobs.

++Now take Krugman's figure and subtract about 1.5% if Congress had passed the Jobs Bill or the Highway bill which would improve the infrastructure. So you would now be at 4.5% and the economy would be rocking. Remember that when you get depressed over gridlock and the GOP's obstructionism.

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