This pretty much says it all, doesn’t it?
In case it doesn’t, here’s Steve Benen:

To put last month’s numbers in the larger context, since the recession began two years ago this month, the single “best” month for the job market was January 2008, when the economy shed 72,000 jobs. Last month, then, was easily the best month since the start of the recession.

Of course, losing any jobs is bad news, and it’s hard to smile too much with 23 consecutive months in which the economy has lost jobs. To get back to a healthy employment landscape, the economy is going to have to not just climb back above 0, but also start creating about 140,000 jobs per month. We’re quite a ways from that level.

But today’s news is nevertheless the most encouraging we’ve seen in a long time. The unemployment rate has dropped, and the monthly report far exceeded expectations.

But of course we all know that stimulus bill was a hopeless failure, right?
Do Republicans read?

I ask that seriously. The past few days, with the president focused on his White House jobs summit, GOPers have targeted their anti-Obama crusade on the president’s economic record. And their number-one talking point has been this: Obama’s stimulus stinks. Some examples:

– In a speech at the Heritage Foundation, House Minority Whip Eric Cantor decried the “failure” of Obama’s $787 billion stimulus package.

– Talk show agitator Glenn Beck huffed that “jobs are not being saved or created.”

– Sarah Palin tweeted, “Baffling/nonsensical:Obama’s talk of yet another debt-ridden ‘stimulus’ pkg.Fight this 1, America, bc after last 1 unemployment rose,debt grew.” (Palin apparently doesn’t put spaces between sentences to fit in more characters.) …

There are policy debates to be had regarding Obama’s stimulus package. But this particular GOP attack is utterly disingenuous. It’s a lie.

As Republicans have been claiming the stimulus has done nothing to protect or preserve jobs, the Congressional Budget Office, a nonpartisan research outfit, this week released a report on the impact of the stimulus that says exactly the opposite. This is not spin. Here’s the relevant portion:

CBO estimates that in the third quarter of calendar year 2009, an additional 600,000 to 1.6 million people were employed in the United States, and real (inflation-adjusted) gross domestic product (GDP) was 1.2 percent to 3.2 percent higher than would have been the case in the absence of ARRA. Those ranges are intended to encompass most economists’ views and to reflect the uncertainty involved in such estimates.
  1. schu says:

    The Republicans do not need, or even want, facts while attacking the President as long as they have ignorance and bigotry they are happy. Hopefully they will stay in shock, after losing the election to a black man, for another six years.

  2. Vaneeza says:

    I also saw the news on cnn that unployment rate has decreased in america . That's great news. Congratulations. I hope the economy will continue improving

  3. Frank says:

    This nation went from prosperity to poverty in just eight short years as a result of the malfeasance, misfeasance and corruption of Bush/Cheney and their republican cronies in and out of congress. They created the endless wars draining the country of its wealth, budget deficits an astronomical federal debt and and economy in shambles. Let them rant and rave--they created the misery--let them enjoy it.

  4. Metavirus says:

    Yes. Please do point me in the direction of something put out by the gop. Thx

    • Sidizenkain says:

      You are very welcome. :]
      But really, just because it's shown on the GOP website, does it automatically make everything false? Sure not everyone of the republicans are saints, but NEITHER are the democrats. There are liars and bullshit politicians on both sides of the isle.
      The source of these charts that gop.gov has on their site come from The Bureau of Labor Statistics: http://en.wikipedia.org/wiki/Bureau_of_Labor_Stat… "The Bureau of Labor Statistics (BLS), a unit of the United States Department of Labor, is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics."
      I'd love to be optimistic. I wish things were getting better, but by personal experience with friends and family 2009 has been the worst year ever. I could give a whole list of all the crap that's been happening to me and the people I know. I just didn't see anything like this when Bush and Clinton were president.
      I'll be honest, I don't really like Obama, at all. But I didn't really care much for the previous presidents either. However I don't want Obama to fail. I want things to get better, but I just see things getting worse, not better. So when I see those charts from the BLS, I believe it.

      • schu says:

        For most of us the economical disaster started under the Bush/Cheney administration and snowballed into an avalanche. I have been out of work since April of 2008 along with a whole lot of people in my area. Then there were even more plant closings when banks started to refuse extensions or closing lines of credit that industry used to meet payroll and to order material. It is still total mind blowing to me that we rescued the big banks without firing the top fifteen or so corporate officers for their failures.

  5. Metavirus says:

    Worthless but appreciated

  6. Metavirus says:

    Well, if you gauge the GOP's website based on all the unvarnishedtruth that chairman steele has been peddling lately…

  7. Metavirus says:

    Doesn't it just disgust you how noone in the old administration evertook responsibility for anything.They say bush 'inherited' 9/11! Omfg!Recession? 'We didn't do it!'.Katrina? Crickets…Its like listening to five year old when they get caught doingsomething naughty.Thank jeebus obama has the character to say 'the buck stops with me'. Period!

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