The spinning is already underway. Tomorrow, in the State of the Union address, the president will try to convince people that they should feel good about the economy. But, people aren't buying and they shouldn't.
Just today, the Bureau of Economic Analysis released data that showed that in December personal income and disposal personal income increased by a very weak 0.4 percent. We know why those numbers are small--stagnant wages.
Lee Price of the Economic Policy Institute put together a helpful (if VERY DRY--c'mon, EPI, make this stuff readable for people) briefing paper called "Why people are so dissatisfied with today's economy." It looks at job growth--pathetic--and, perhaps as important, takes head-on what is sure to be one of the president's big whoopers: that his tax cuts created jobs.
The saddest part of the state of the economy is that the Democratic Party offers no real alternative. Its strategy is: let's watch the Republicans implode. Sorry, folks, that won't cut it with most voters.
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