Unemployment remains high, but according to economic columnist Dan Gross, the jobs may come back sooner than expected.
His column this week reviews data that shows the job market will be bouncing back sooner than pessimists expect.
Still, pessimism rules the day. Why?
Gross writes:
"This tendency has been amplified by another force: politics. For the right, it has become an article of faith that so long as Obama sits in the White House, the economy must remain weak. Having voted en masse against the stimulus package on the grounds that it can't work, the line from Republicans is that Obama is a socialist, job-killing, market-wrecking disaster. It follows, naturally, that his policies can spell only doom. On March 6, Michael Boskin, the Stanford professor and economic adviser to Bush the elder, wrote a Wall Street Journal op-ed entitled: "Obama's Radicalism is Killing the Dow." Since then, the Dow has rallied 57 percent. The party of Reagan is, in effect, rooting for economic rain."
Cheering for economic failure? Why do these people hate America?
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