Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Friday, October 5, 2012

Jobs Report

Have a bad debate?  Take two months of good job growth and call me in the morning.

Inevitably, we will see what TPM is calling BLSTruthers saying that the Obama administration cooked the numbers.  I doubt that, just because it would be devastating if and when it came out.  But... if there was a way to depress the numbers from the last few months, so that things would look rosy right when those pesky undecideds were paying attention, that would be savvy.

Also, we've seen a real increase in consumer confidence, which has been weird, unless there has been an invisible recovery that people are seeing before the stats reveal it.  The number is not an absolute good, but it's a relative good.  And it's VERY good news for Obama.

No comments: