The economy is said to be in horrible shape.
While it's never good to have near zero growth in an economy, we have to understand that recessions happen and they're good for an economy. They release resources from the inefficient places they go in boom times and allow them to go to the most efficient places.
That said, our employment rate is 95% and most of that 5% is transitional or planned (retirement, leaving the workforce for school or parenting, etc.).
But the bad is not readily apparent. It's actually the stimulus packages being proposed.
Politicians of both parties are falling all over themselves to offer more stimulus for the economy. Heaven forbid we should not have boom times all the time. Especially if we can just spend a few hundred billion more every few months to make it better (yes, it's an excellent point that Iraq has caused many times that to be spent. No argument here, but does that justify another bad decision?).
I would hate to be a politician and to be expected to create jobs. They don't have the power to do that, only the free market can do that. But try they will, because they've learned that looking like you don't care is the ultimate sin. No one will come behind you for the day of reckoning for the overspend. No one will try to match the jobs to the spending when this is all over. And the ultimate for any politican is voting to send a check to every American during an election year. Have you noticed that's when this always happens?
Maybe there's more to John McCain's railing against inefficient spending and his refusal to drink at the trough of earmarks than I had first thought. Maybe that's the kind of leadership we need. I'm still not excited about him, but he's looking pretty good at the moment.
Politics is never dull. But it's often very, very bad.
sharp