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Are their happy days here again?
by Dr. Jeffrey Lant
It is Saturday, January 7, 2012 as I write. The nation's air waves and print publications are filled with stories about Republicans. About today's flash-in-the-pan former Pennsylvania senator Rick Santorum... about the Boston Globe endorsing former Utah governor and U.S. Ambassador to China Jon Huntsman over Boston's not-so-favorite son former Massachusetts governor Mitt Romney. Bummer, but what can you expect from that crowd anyway?
Despite that little drawback, it's the Romney people who are cock-a-hoop this morning not only because they are ecstatic to be running against a pigmy like Santorum, whose friends and neighbors in Pennsylvania refused him -- and by a huge number -- a third U.S. senate term. Even better today's latest poll results show Romney still romping to an avalanche in the crucial New Hampshire primary, and, lordy, lordy, way out in front in what could be the make-or-break primary in South Carolina. I hear Mitt's got all those toothsome boys of his learning to deliver a winsome a cappella version of "Hail to the Chief." Cute.
If all this is so -- and I assure you it is -- why did one Barrack Obama, after seeing a certain news item on the front page of all the newspapers he reads with voracity, take Michelle in his arms and whirl her about the breakfast room letting those delicious blueberry scones he loves get cold?
It's because of this single number: 8.5%. And you don't have to be a political junkie to know what it means: It's the latest piece of welcome news... in what is getting to be a lengthening string of such news... because every time the jobless rate drops the political fortunes of Barrack Obama go up. Let's review the facts that make the First Mom and Dad so awfully cheerful, even giddy.
8.5% unemployment means the lowest rate in almost 3 years.
Barrack Obama is a very fortunate man, a man who can say to America, with complete factual accuracy, too, that "You've never -- at least in my Administration -- had it so good."
The nation added a tidy 200,000 jobs in December, 2011, a burst of hiring that drove the unemployment rate down to its lowest point in just under 3 years. Tra la!
Moreover, December was the sixth straight month that the economy added at least 100,000 jobs, the longest such streak since 2006. As a result of this happy-making data, more and more practitioners of the dismal science have resoundingly concluded there's a dance in the old dame America yet.
What makes a weak and vulnerable president purr with contentment?
Just this. The unemployment rate declined to 8.5% from 8.7% in November, and 9.1 percent at the start of 2011. The jobless rate peaked at 10.1 percent in October 2009.
These numbers made Sung Won Sohn, an economics professor at California State University, Channel Islands, positively rapturous. "There is more horsepower to this economy than most believe. The stars are aligned right for a meaningful economic recovery." Obama when he read this was heard to mutter "From your lips to God's ear" and beamed a mega-watt smile that had been little seen throughout the early days of his watch.
More good news.
But heart-warming though all these data were to the residents of 1600 Pennsylvania Avenue, they were only a portion of the good news arising from grass roots America. For instance, the nation added 1.6 million jobs in 2011, on top of 940,000 added in 2010. Mind you, more than 8,000,000 jobs were lost in the Great Recession that began in December, 2007... but this figure was History (and therefore of no interest) whereas the jobs added were very much about the present and give the President credibility when he launches into a rousing rendition of Franklin Roosevelt's iconic ditty, "Happy Days Are Here Again," the tune that always means we have something good to smile about, wide and broad, and which you can find in any search engine, to play along with this article.
The pretzeling of presidents; their dexterity with astonishing contortions.
Now President Obama knows... every Republican presidential candidate knows... every member of the Congress knows, whatever party they adhere to, that the good news is only part of the report, but what's a politician for if he can't take a crumb and turn it into a bakery?
Take this bothersome conclusion, for instance, the considered opinion of Eric Rosengren, president of the Federal Reserve Bank of Boston. He said just a couple of days ago that he expects the economy to grow modestly this year -- 2 to 3 percent -- despite signs of building momentum.
The reason for this deflating opinion is that households and small businesses were especially hard hit during the recent economic turbulence now widely called the Great Recession. Until these sectors improve and get distance from their particular issues of foreclosure and falling house prices, the recovery won't be as glittering as you can be sure Obama and the Democrats will paint it. You can be equally sure Mitt Romney will be assiduous, morning and eve, about pointing out this and every lapse from the strict Truth.
Keep in mind that Mitt, too, is a close reader of these data and learned predictions. And more to the point, as a business wunderkind, practiced in high level (and very lucrative) leggerdomaine, he is the more likely to glean helpful suggestions and ideas from what he sees than Obama, who was a mere lawyer (albeit, like Mitt, Harvard trained.)
Thus, whatever Rosengren and his ilk recommend, Mitt will (with alacrity) recommend... while strongly censoring Obama and his minions for not having acted. Rosengren wants the Obama Administration to do more to stimulate the economy.... Mitt does, too, whilst Obama (whatever he has done) has done it too little, too late. Rosengren says the housing market and small business should be a particular focus, because these two sectors have traditionally lead the nation out of recession and unemployment... but not this time round. Mitt says ominously that is because of Obama's ineptitude and lack of vision. Obama will point to what he has done for those folks... who were always in his mind,his heart, and his political calculus. He well knows he needs these people, especially with the acute disappointment and chagrin of Blacks, Liberals, and young voters (with high unemployment rates) who were once wild for Barrack but now mutter darkly about how they were hoodwinked and deceived by their hero and his mastery of high sounding, flatulent rhetoric.
And so it will go, ad nauseam, until our can't-come-quickly-enough-for-me November Election Day confirms what most of us already feel in our bones...
... that the President will defeat Mitt in a solid but not overwhelming victory.
... that both houses of the Congress will be comfortably Republican.
... that Obama's second term will be in such slow motion and so undistinguished you'll think the White House Sleeping Beauty's castle, all asleep.
What then should der Mittster do, when he's handed the worthless presidential nomination of his splintered party? Easy. He should tell the truth, the straight-forward, unvarnished truth about where this country is going and offer SPECIFIC proposals of the type congenial to policy wonks like him. In this role the Romney too few like to make him President will become respected and even admired, his considerable merits at last put to proper and significant work, saving America as he once saved the Olympics; greatly honored by all who love the Great Republic and wish her Godspeed.
*** What do you think? Your comments are invited below.
About the Author
Harvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., providing a wide range of online services for small and-home based businesses. Services include home business training, affiliate marketing training, earn-at-home programs, traffic tools, advertising, webcasting, hosting, design, WordPress Blogs and more. Find out why Worldprofit is considered the # 1 online Home Business Training program by getting a free Associate Membership today. Republished with author's permission by Lawrence Rinke http://ActionEqualsProfit.com. Check out Commission AutoPilot -> http://silver45b.comauto.hop.clickbank.net
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