World News Korner

A little good news to end our day, courtesy of the June job numbers.

Courtesy of Business Insider:

The Bureau of Labor Statistics released a surprisingly strong jobs report Thursday morning.

Employers added 288,000 jobs in June, significantly more than the 215,000 economists were anticipating. The unemployment rate, which is drawn from a different survey of households, dropped from 6.3% to 6.1% the lowest rate since September 2008.

Immediately following the news the S&P 500, The Dow Jones Industrial Average and Nasdaq Composite were in the green, continuing positive trends seen leading up to the pre-bell release. The Dow crossed 17,000 for the first time ever seconds after the opening bell before settling around 17,050.

The article goes on to remind folks that the both the May and April jobs reports were revised up after they were first announced, which means we are likely to see this already great report improve even more.

It is probably worth noting that the Republicans continue to attack Obama over an economy that they think is growing too slowly, and accuse him of costing Americans jobs due to Obamacare and his so-called attacks on the coal industry, even though there is no data to support those claims.

A recent poll came out saying that Americas think that Obama is the worst President since World War II, and that the country would have been better of if we had elected Mitt Romney.

But I think, if that poll is to be believed, it is only true because this President has been under constant assault since the day he took office, and because every one of his achievement are undermined and attacked until they seem like deficits, while every mistake is exaggerated to the point that many people believe he should be tried for treason.

Of course if Obama somehow managed to cure cancer tomorrow, Fox News and the Right Wing blogs would bitch that he was putting doctors out of business and only doing it to push forward his socialist agenda. And a number of low information Americans would have no trouble believing it was true.

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