OK, so the third quarter was even better than previously thought -- 8.2% growth, corporate profits up, consumer confidence up, etc., etc. But tonight on ABC's World News Tonight (story not online), Betsy Stark made note of the skunk at the garden party:
The economy created just 186,000 jobs while it was growing at this amazing rate, a very poor showing. It will need to add more than 250,000 jobs a month for nearly a year just to make up for the jobs it lost during the recession.
Remember, 186,000 jobs over three months is 62,000 a month. That's a long way from 250,000.
And elsewhere on the ABC broadcast, Peter Jennings noted this about the members of Congress, who are about to adjourn for the holidays (text also not online):
They did not ... extend unemployment benefits for 2.2 million Americans, nor did they take action on expanding child tax credits for low-income families, some of whom are in the military.
Happy holidays, have-nots.