Its been a relatively eventful week in the news, with opposition politics on the march in Europe, former playboy models upstaging Mexican presidential debates, and our own president declaring his support for gay marriage here in America. Here at Conflict Revolution, we'll cap it off for you with a roundup of what's on our reading lists this Friday morning:
1) The unemployment rate would be a full percentage point lower today (7.1%) if not for cuts to government at the federal, state, and local level since the recession took hold ["Unemployment Rate Without Government Cuts: 7.1%," Wall Street Journal, 5/8/12].
2) Meanwhile, the economy has added 4.2 private sector jobs since the official end of the recession in June 2009, but government payrolls, including for police officers, teachers, and firefighters, have fallen by over 600,000 during that time ["CHART: Economy Has Recovered All Private Sector Jobs Lost Since Obama Took Office," Think Progress, 5/4/12].
3) Even the Wall Street Journal admits those cuts have held back the economy recovery ["Depth of Recession Makes Recovery Look Worse," WSJ, 5/4/12].
4) But that won't stop the Washington Times from arguing its all Obama's fault ["Desperately avoiding Obamanomics and Obamacare," Washington Times, 5/8/12].
5) If the presidential nominee of your party tries to reverse his position on a decision that he blatantly opposed at the time, that probably means it worked, right? Mitt Romney tries to take credit for the auto bailout ["Romney taking credit for auto industry success," US News, 5/7/12].
6) Lastly, conservatives really want you to care about this, but it probably says more about West Virginia than it does our sitting president. Sorry, John Denver ["Ouch! Obama loses 41 percent of W. Va. vote to federal inmate," CS Monitor, 5/9/12].
Be sure to stay tuned later today for Part I of our most recent email debate on the state of the economy since President Obama took office, along with a recap of what went on the blog this week.
Happy Friday, folks!
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