The Labor Department recently reported that 140,000 jobs were created in November, causing unemployment to fall to 8.6 percent, the lowest it has been in 21/2 years. When you add that to the nearly 3 million jobs that grew in the private sector over the past 21 months, you have to wonder whether Obamanomics is starting to work.
The answer is no. It has always worked.
Of course, statements like that run afoul of one of the far right’s two cherished myths about Obamanomics. Since their usual response when contradicted is to fulminate against the nonbeliever, liberals are often advised to keep quiet and let them have fun with their myths. The problem with that strategy, though, is that it doesn’t allow us to have fun with our facts.