In politics, data lags badly...and a political career can be made/broken just on this alone. For instance, the jobs number that was released today was awful, but seems to be trending better. Politicians this year have had the luxury in 2009 of only having to beat the dreadful numbers in 2008, especially since August. However, the market has also risen in anticipation of this, and perhaps the market is pricing in greater improvement. Clearly the 10.2% unemployment rate should not surprise anyone except those who KNOW it's really higher than that. Is it really their fault? Partially, but the number is still not sufficient to say the economy is out of the woods. But one bright side...voters, who make up this unemployed number, will now start to have a voice. You see, Tuesday was a symbolic election. I spoke about this on Monday, and while quiet the Republicans gained some small victories. Sure, it was only a couple of gubernatorial races, but this was the first election since President Obama was installed, and voters are getting anxious about his performance. Maybe it's a small signal, but a signal nonetheless. I don't know whether this will call for a change in attitude by those on the 'Hill and in the White House, but if they aren't paying attention to voters then indeed President Obama's message will be made next time around...CHANGE. Maybe that can turn things around.
Tag >> change
In politics, data lags badly...and a political career can be made/broken just on this alone. For instance, the jobs number that was released today was awful, but seems to be trending better. Politicians this year have had the luxury in 2009 of only having to beat the dreadful numbers in 2008, especially since August. However, the market has also risen in anticipation of this, and perhaps the market is pricing in greater improvement. Clearly the 10.2% unemployment rate should not surprise anyone except those who KNOW it's really higher than that. Is it really their fault? Partially, but the number is still not sufficient to say the economy is out of the woods. But one bright side...voters, who make up this unemployed number, will now start to have a voice. You see, Tuesday was a symbolic election. I spoke about this on Monday, and while quiet the Republicans gained some small victories. Sure, it was only a couple of gubernatorial races, but this was the first election since President Obama was installed, and voters are getting anxious about his performance. Maybe it's a small signal, but a signal nonetheless. I don't know whether this will call for a change in attitude by those on the 'Hill and in the White House, but if they aren't paying attention to voters then indeed President Obama's message will be made next time around...CHANGE. Maybe that can turn things around.