Several decades ago, when US unemployment was at the EU norm of 10 to 12 percent, economists were telling us that 5% would be “full employment”. That small percent accounting for people changing jobs, moms staying home with small infants, people taking time out to get a higher degree, etc. Now after a several decade long economic boom, with unemployment back up to that full employment target, things are terrible?

If you compare the whole range of economic factors, such as unemployment, intrest rates, home ownership, at the top of the “Clinton miracle”, it is virtually identical to this trough of the “Bush debacle”. And the Clinton economy didn’t have to deal with these Asian demand sky high oil prices.

Want to end the recession instantly? Just elect a Democrat President, and all of this MSM carping will disappear overnight. Despite things slowing down even more due to the higher taxes and draconian regulations a Dem administation will impose.