Friday, February 6, 2015

It's Always the Economy, Stupid

Forget the daily ups and downs, fluctuating polls and endless commentary for just a second. 

This chart tells the fundamental tale of why the Democratic Party is in a strong position to win a third presidential term next year...for the first time since 1940.

2014 was the best year for jobs since the late 1990s, and there is no sign of it slowing down so far in 2015. Or as Bloomberg colorfully headlines, this report "crushes it".
Payroll gains averaged 336,000 over the last three months, the strongest since a comparable period ended in November 1997. 
A striking aspect of the report was a revision that added 147,000 jobs to the payroll tally for the previous two months, which also incorporated adjustments back to 2010. 
Employment in November was revised up to a 423,000 gain, the most since May 2010. Private payrolls, which exclude government agencies, soared 414,000 that month, the biggest advance since September 1997. 
Job gains in January were led by retailers, construction firms and health-care companies.
This should make the winning Democratic message for 2016 crystal clear:

"President Obama rescued the country from the disaster of Bush/Cheney trickle-down economics in 2008 and we are now firmly back on our feet again. But that's not enough. In 2016, it's time to tackle the great unfinished business of giving hard working Americans a long-overdue raise with Middle Class Economics."

But surely I'm not telling the Clintons anything they don't already know.

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