Well, it’s becoming a monthly tradition; it’s time to see what kind of negative spin House Speaker John Boehner tried to put on yet another overwhelmingly positive jobs report. As most people know, the first Friday of every month marks the release of our nation’s monthly jobs report. And for 59 straight months now this nation has added jobs – the longest streak in U.S. history.
Every month without fail, almost immediately following the release of the report Boehner sends out a tweet trying to put some sort of negative spin on the usually positive numbers. It’s been rather humorous the last year or so considering we just had the best year for job creation since 1999. There’s nothing like seeing economists come out and say our economy is really starting to pick up, and we’ve seen the best year for job creation since the late-90’s – only to have the Speaker of the House desperately try to find something about which to whine and complain.
And, of course, it happened again. On the heels of January’s jobs report showing that we added 257k jobs, and we also had November and December’s numbers revised up by 147k (meaning that we’ve created more than 1 million jobs in the last 3 months for the best three-month period for job growth since 1997), there was Boehner doing his best Debbie Downer impersonation:
Many Americans are still searching for a good job. If POTUS is serious about helping them, he’ll reconsider his threats to veto jobs bills.
— Speaker John Boehner (@SpeakerBoehner) February 6, 2015
And by “jobs bill” he means the Keystone XL pipeline (which isn’t going to create many long-term jobs) and more tax cuts for the rich – also known as the exact same economic policies we saw under George W. Bush.
“This is the best employment report we’ve had in a long time,” said Guy Berger, United States economist at RBS. “The labor market looks like it’s in really good shape as we head into 2015.”
The report was so positive that Federal Reserve policy makers are expected to raise their shot-term interest rates in June, ahead of the earlier projections that said they weren’t planning to raise rates until at least September or later.
“Employment growth is astonishingly strong,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “With every indicator we follow screaming that payrolls will be very strong for the foreseeable future, wage pressures will intensify.”
So all indications are that this was possibly the most positive jobs report in Obama’s presidency, and instead of Boehner simply boasting about an economy that’s charging back from one of the worst economic crashes in our history, he continued to play petty partisan politics by trying to cast this report in some sort of negative light.
And after all the years of doom and gloom the Republicans have been predicting since President Obama was elected, none of it has come true. Every single month when these positive jobs reports come out, with John Boehner desperately trying to downplay the numbers, only goes to prove just how successful Barack Obama has been as president.