With yesterday’s jobs report still showing steady growth, it’s time for people to start saying President Obama is good for business. As the saying goes “men lie, women lie, but numbers don’t.” Regardless of your political affiliations, the numbers simply add up in the president’s favor.
As reported by Bloomberg.com:
“Jobless claims decreased to 343,000 in the week ended June 29 from a revised 348,000 in the prior period that was higher than initially reported, the Labor Department said today in Washington.
“Separate reports showed companies boosted employment by 188,000 workers in June, while service industries unexpectedly expanded at the slowest pace in more than three years… The data comes before the government’s monthly labor report on July 5. That report will probably show employers created 165,000 jobs in June, from 175,000 a month earlier, according to the median forecast of economists in a Bloomberg survey. The unemployment rate probably fell to 7.5 percent, matching April’s four-year low.”
Not bad seeing that we are just climbing out of the worst economic downturn since the Great Depression. And while those numbers may seem like economic “mumbo jumbo.” Here’s a quick take from CNBC.com placing it into simple words:
” The data…remains encouraging and leads us to conclude that job growth remains alive and kicking across the economy,” said Andrew Wilkinson, chief market economist at Miller Tabak.”
And encouraged we should be. We can finally begin to see the light at the end of the tunnel, and it doesn’t seem to be an oncoming train.
Moreover, Obama and company are executing this while decreasing individual dependence on government subsidies. Say what? The president isn’t a modern-day Robin Hood who’s taking money from the rich to give to the poor? Apparently not.
In an article on businessweek.com in which a “shocking chart” shows:
“Unemployment benefits are plummeting, partly (one assumes) because the economy is improving.”
Now of course, Obama attackers don’t subscribe to simple things like numbers or facts, for that matter.
But when they do snap back to reality, the numbers simply state: President Obama is good for business.