Thursday, July 3, 2014

If You Get the Blame, You Should Get the Credit.

So today the stock market hit an all time high. The unemployment rate fell to a 6 year low. I would assume that's all good news. Because I remember in 2009 when the stock market was tanking and unemployment was skyrocketing, it seemed America as we knew it was coming to an end. Or at least that's how it sounded. Because a lot of people, pundits, and news organizations made a point of saying how bad everything was, and how it was Obama's fault. 

Somehow, now that everything's moving the other way, I don't hear too many people giving Obama any credit. And honestly, I have no idea if this recovery is because of him or not. But my gut feeling is that his policies have at least something to do with it. 

To be fair, I have read some things that praised the recovery.

"This has now become a textbook jobs expansion," said Patrick O'Keefe, director of economic research at the consultancy CohnReznick. "It is both broad and accelerating."
The uptick in payrolls is a rare bit of good news for the White House, which has been pummeled by bad news overseas and has faced an uphill fight to portray the economy as robust when it shrank by nearly 3 percent in the first quarter.
While unemployment remains elevated above pre-crisis levels, it's encouraging to see that long-term unemployment is falling fast from the historic highs it reached in 2009 and 2010.
Note that even with the good news, at least some feel necessary to add a little negativity into it. And those who blamed him before seem to be very quiet now. I studied the FoxNews web page pretty hard, and I just didn't see any sort of credit for him or his policies, even though in 2009 it was all his fault. But regardless of politics, I would think logic would dictate that if he got the blame before, it seems to me those same people should give him at least some of the credit now. 

I suppose I'm being naive, but that just makes sense to me.

1 comment:

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