The jobs report on Friday said that so far this year, the economy has added 768,000 jobs.
The administration shills (think Goolsbee) are proclaiming that recent job growth is proof-positive that Obama’s economic policies are working.
They imply that the results are a delayed reaction to the trillion dollars of stimulus paybacks .
Gimme a break.
What the administration and the mainsteam media seem to have forgotten is that in December 2010, President Obama signed into law a 2-year extension of the George W. Bush tax plan and cutting payroll taxes by 2%.
Washington Post, Obama signs bill to extend Bush-era tax cuts for two more years, December 17, 2010
President Obama signed into law the most significant tax bill in nearly a decade … to continue for two more years tax breaks enacted under president George W. Bush.
The $858 billion package prevents taxes from rising … for virtually every American household.
And it includes … a two-percentage-point reduction in the Social Security payroll tax that would let workers keep as much as $2,136.
Well, well, well.
Once businesses (and individuals) had at least 2 years of tax plan certainty … with relatively low tax rates for all … companies started adding jobs.
Surprise, surprise, surprise.
Bush was so stupid … except for job-creating economic incentives and security-intelligence infrastructures.
Hmmm.
The Homa Files 