Friday, April 2, 2010

162,000 Jobs Added in March; Rate Remains 9.7%

http://www.nytimes.com/2010/04/03/business/economy/03jobs.html?hp

I know the unemployment rate remained at 9.7% but with the addition of 162,000 jobs, 48,000 temporary census workers, this is more than a greenshoot. It opens the door for both a political and economic opportunity. If private employers who are on the brink of hiring take this jobs report as a green light for hiring the worst of the "Great Recession" could be over and we could be looking at a sustainable recovery.

In terms of a political opportunity this presents a chance for President Obama and the Democrats to cite tangible evidence as to why voters should rehire them on November 2. I think this could be especially powerful when running against a Republican party that has NO new ideas. I'm assuming it's fair to say tax cuts for the wealthy aren't a new idea? Actually, I should retract that statement because I guess it is a relatively new idea, since he's only been on the national stage since 2004, to oppose every single thing Barack Obama proposes.

You we're for a debt reduction committee? Not anymore. You chanted "Drill,Baby, Drill" at the convention in 08? Not anymore. You signed a health care bill into law, that contained a universal mandate(Mitt Romney)?Not anymore! So if the jobs numbers keep getting better will the GOP find a way to be against a growing economy? In my younger and more vulnerable years I would've said yes, but not anymore.

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