Much Ado About Nothin'

Paul Wiseman of the AP is just all a-giggle about the rebounding, roaring, expanding economy.

Excuse me?

Methinks, Paul, thou celebrateth too much:

a. “The job market is healthier.” Do tell. Maybe one of a socialist/Marxist/centralized-planning bent is so convinced, but the 8.6% rate over which you dance gleefully is freakin’ dismal. You can do the happy dance once it reaches 4.5%, the unemployment rate inNovember 2006, you know, when the Democrats took over Congress? By the way, the unemployment rate climbed to 6.8% by November 2008, after two years of Democrat congressional control.  Correlation is not causation, I know, but, looks mighty suspicious.

b. “Americans are spending lustily on holiday gifts.” And Nero fiddled while Rome burned.

c. “A long awaited turnaround for the housing market may be under way.” The watchword here is “may,” and the facts you cite aren’t ones to spur champagne breakouts:

(1) “Home construction rose more than 9% in November from October, driven by apartment building.” Which strongly indicates an urge to rent and not buy, doncha think?

(2) “The existing homes sold at an annual rate of 4.4 million- well below the 6 million that would signal a healthy housing market.” You make my case for me.

d. “Falling prices at the pump have freed more money for consumers to spend…” Oh, please. Let’s say the government increases my taxes by 75%, then, six months later, drops that to 70%. I guess that 5% “increase” in my take home pay should have me out buying a new house, huh? Or maybe renting one of those new apartments. When a gallon of gas drops back to $2.18like it was in November 2006 (you know, before Democrats were elected?) get back to me.

e. “Stocks are higher.” Again when we get to 14,000, you know, like we did under Bush, get back to me.

Paul, seriously, knock it off. No amount of spin is going to cover up the fact that Comrade Obama has  completely screwed the economic pooch.

And if you weren’t working for Pravda, you could actually say that.