People can get used to almost anything if forced to endure it for long enough. They end up lowering their standards and expectations until they reach a level that before would have been considered completely unacceptable.
This phenomenon explains the decline of American economical morale. Unemployment is up from last month and is at a higher rate than when Obama took office, though he promised when he was elected that it would 5.2% by 2012. The Democrats are touting the modest 171,000 jobs created last month as proof that the economy under Obama is improving, but the truth is, it isn’t hard to improve from rock bottom. When expectations are so low, even the tiniest nudge of the needle is something worth celebrating.
Obama had four years to improve the economy, and what has he done? Rick Santelli of CNBC said today on our show that when added up, there have been a mere 194,000 jobs created in TOTAL in FOUR YEARS! Pathetic. Not to mention the continued decline in incomes.
Mitt Romney said it best when he described the report as “a sad reminder that the economy is at a virtual standstill.” Keith Hall, former Labor Department commissioner, said at this rate, it will take “9 or 10 years” to get the economy back to normal, so it’s a good thing we have Mitt poised and ready to take the helm for the next 8.