The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK ( ETF Expert) -- The headline unemployment number has fallen to 8.5% from a "Great Recession" high that is well north of 9%. Many say that the trend is heading in the right direction. And the media are beginning to tout the executive branch of government as having contributed to "job creation."
Privately, many economists decry that systematic wealth redistribution is incapable of creating jobs -- issues of fairness notwithstanding. In the same vein, conservatives wonder why the White House can be credited with 2.7 million positions filled. Shouldn't the media discuss the 4.3 million lost during the current Administration's tenure? That's a net loss of 1.6 million jobs.
(Note: Approximately 4.3 million more jobs were lost under President Bush, for a total loss of 8.6 million. The Great Recession was rather unkind.)
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV