Unemployment: Nothing Meaningful In Today's Numbers

Today's drop in the unemployment rate was the consequence of losses to the workforce, meaning people stopped looking for jobs and thus were left out of the ranks of the officially "unemployed". Paul Krugman used to caterwaul about all these discouraged workers, but as I predicted, the left now keeps deathly silent about the underemployment phenomenon in order to spin things Dear Leader's way. There will be no mention of discouraged workers in any coverage of today's employment numbers, the MSM will jump on the 0.4% drop in unemployment as the glorious achievement of the Lightworker and the Pelosicrats. Of course it has nothing to do with the improving animal spirits, such as they are, upon the shellacking that went down this past November. It has nothing to do with the modicum of tax relief and certainty that Mitch McConnell and John Boehner squeezed out of The One. It has all to do with the $4 trillion of debt they've experting weaved into the economy, and the coherent and productive rules governing healthcare and financial regulation that they've overlayed onto the way business is conducted. Ok, enough with the sarcasm, I'm starting to sound like a teenager here. Seriously though unemployment is the linchpin of Obama's future in office, it needs to come way down if he has a shot at re-election, and not just come down quantitatively, but qualitatively too. It needs to actually feel like soming down to the voters otherwise a few points in a favorable direction won't mean much. So far, we're not even close on either score and you know how I feel about it, it's their own damn fault.