If you believe the household survey of the federal Bureau of Labor Statistics (a big "if", but still) — the U.S. economy has created 1,130,000 jobs in the three months since the Republicans took over the House of Representatives and since the deal was struck to extend the Bush tax cuts for another two years. If this keeps up, by the time the presidential election rolls around, gloom-and-doom rhetoric like that of Mitt Romney's op-ed in yesterday's USA Today — "Even 7.5% unemployment means 11.5 million Americans without jobs. The human cost of that dry statistic can be detailed in a canvas of broken hopes and shattered lives. Workers at job fairs today are confronting an employment market in which there are almost five times as many job seekers as there are openings. Anyone who has visited such a fair or gone to a career center has seen the face of despair up close." — is going to seem out of touch.
by Ira Stoll | Related Topics: Politics, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list