Quote:
Originally posted by Tyrone_Slothrop
OTOH, this Admininistration has taken a cynical strategy of doing things that will not help the economy particularly out of ulterior motives, and then hoping to claim vindication from the natural functioning of the business cycle. It would be irritating to see it work, as a political matter, since few self-respecting economists can try to justify the policies on their merits.
edited to add: You still seem to be missing the point that, because of demographic realities, adding 60,000 jobs in a month is not a net gain.
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Please elaborate, I don't know what you mean here. Are you suggesting that the Administration hopes to claim vindication for cutting taxes which spurred the economy, even though that was not its reason for cutting taxes (and that it had other sinister reasons)? If so, you are right, no economist would agree to those policies. Except, of course, those such as Friedman and Greenspan to name a few.
It's a net gain in jobs, period over period isn't it? It may not be a net gain vis a vis the number of job seekers if the number of job seekers is increasing faster than jobs created, but frankly I haven't looked at those numbers. My only concern is the unemployment rate. As long as that keeps moving downword, and settles in the low 5%, we are poised for a huge boom.
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