Saturday, August 04, 2012

David Plouffe: Obama has "Clear momentum" on the economy

Obama adviser David Fluff says "The president and Democrats in Congress move into the August recess with clear momentum on the question of who to trust on taxes."

Indeed they do.

Hat tip: JWR.

1 comment:

juandos said...

Hey David Fluff, how's this for momentum courtesy of James Pethokoukis of AEI?

U.S. economy creates just 33,000 net new jobs since January 2009

Some stunning labor market factoids via Hamilton Place Strategies:

1. Net jobs created under President Obama (from Jan 09): 33,000.

2. Jobs needed monthly for unemployment rate to be below 8% on Election Day if current participation rate holds steady: 279,003.

3. Unemployment if participation rate was at demographic trend 11.5%.

4. Number of “missing workers:” 3.4 million.

5. Jobs needed to return to pre-recession peak (peak of Nov 07): 4.4 million.

Sweet, eh?