Friday, July 4, 2014

Good News For The "Obama Economy"... Fox News Plugs Ears And Goes "La La La"

The Fox News talking heads usually uses the phrase "Obama Economy" as a form of derision they heap on the President when they come across some bad economic news. They employ it as cudgel to gleefully bash away at Obama when they have dug up a tid-bit of fiscal disharmony and then they laugh... Oh, how they laugh.

They are not laughing today.

Today the June's U.S. job numbers came out and they were stellar. So stellar in fact that the US stock market hit an all time record high because of them.

U.S. employers accelerated their hiring last month, adding "a robust" 288,000 jobs. To top it off this is the fifth straight monthly job gain above 200,000 - the best such stretch since the late 1990s tech boom. To top that off  the past 12 months, the economy has added nearly 2.5 million jobs - an average of 208,000 a month, the fastest year-over-year pace since 2006.

As a result of June's healthy U.S. job growth the unemployment rate dropped to 6.1 percent, the lowest since September 2008!

When stock markets opened Thursday, an hour after the government released the jobs report, the Dow Jones industrial average traded above 17,000... for first time EVER!

This was all too much for the Fox News people to take. They couldn't bury the report's numbers deep enough. Take a look at how they reported on the economic success as compared to other news services...

Here is CNN:

Here is MSNBC:

And now here is Fox:
Yes, you'll have to click the image to enlarge it 'cause the print is real tiny.

Charles Payne, the one Fox News anchor who was willing to say anything about the jobs numbers, actually had the stones to tweet this idiocy:

"Too good" you say Charles... Umm, okay.

I guess they don't remember when their man George W. Bush held the Presidency and resided over a stock market that hovered around 6,000 and our economy was hemorrhaging almost a million jobs a month.

Now as I type this I understand that this is still way to few jobs being created and in the best of all possible worlds every person who wanted a job would be gainfully employed... But given the circumstances that our economy was in I think we can all agree that if the question was asked "are you better off today than when Barack Obama became President" I think the answer is a resounding "yes".

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