Every time we use the word "good" about the post-2008 economy, it comes with an asterisk, still these are good numbers. Unemployment fell to 7.7%. My hunch is that if it falls below 6.5% we will create a self-sustaining boomlet.
This is the context in which the GOP is engaged in brinksmanship over the economy. If we go "over the fiscal cliff" - which it doesn't look like we will in terms of the tax cut portion - the next job report will come out in early January and include holiday retail hiring.
If - as it looks now - the GOP caves quickly on tax cuts in order to move on to a debt ceiling hostage scenario, we should be looking at about two sustained quarters of decent job growth before we reach the debt ceiling cluster-fk in February.
Wall Street will not be amused of the Teatards destroy the economy recovery. Neither, I suspect, will the American people.
The GOP continues to back itself into rhetorical corners that eventually it will find itself struggling to escape.