August 4, 2012
If government was willing, the unemployment rate could be as low as 5%
Another month end, another jobs report. On Friday we received the numbers for August and it was both good news and bad news for President Obama. The good news is that the economy added 163,000 jobs in July which was well above analyst expectations. The bad news is that the unemployment rate ticked up from 8.2% to 8.3%. That small of a change in the unemployment rate (in either direction) isn’t really significant, but the unemployment rate could be several whole points lower by now if government did what it always does in a bad economy: spend money.
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On Thursday night President Barack Obama revealed the details of 
If you tune into the news networks – with emphasis on Fox News – you are eventually going to hear a talking head say that businesses and families need to control their spending and so that means government does too. What they seem to imply with those sentiments is that the United States government shouldn’t take on debt or at the very least shouldn’t take on the amount of debt that it has to date.