Posted by Katy Grimes at 7:41 am on Dec 11, 2012 Comments Off on Calif. economy: Ya sure, you betcha, we’re fine!
The latest barrage of “news” reports that California is enjoying
an economic recovery is evidence that this is most likely being
driven by Gov. Jerry Brown’s office.
Ya sure, you betcha, we’re fine.
Given that the California Department of Finance works only for
the governor, the pressure is on to provide numbers and information
which presents a picture favorable to the governor.
This was never more clear than when a report showing the
unemployment rate in the U.S. fell below 8 percent in order to
boost to President Obama’s re-election campaign right after his
first dismal debate performance with Republican challenger Mitt
Romney.
It was the numbers from California that gave the boost
needed.
Conveniently, the Labor Department reported in Sept. that the
nation’s jobless rate improved to 7.8 percent. The unemployment
rate had not been that low since Obama took office in January
2009.
The latest monthly jobs report was released by the Bureau of
Labor Statistics the first week of October. The unemployment rate
miraculously decreased to 7.8 percent in September, the BLS
reported.
According to The Associated Press, “the… Read More