Once again, I’ll borrow the 4-Block concept from Tom McMahon, this time to demonstrate the ever-changing definition of a “good” economy in the Democrat playbook.
|
Measure of unemployment at 9.6% |
Democrat reaction |
| 2004 |
| U-6 (includes discouraged workers; “official” rate about 5.5%) |
“Worst economy since the Great Depression” |
|
| 2010 |
| U-3 (“official” rate; U-6 rate 16.7%) |
“The new normal” |
|
Revisions/extensions (11:14 am 10/8/2010) – The September 2010 U-6 rate rose to 17.1%, while the September 2010 U-3 rate remained at 9.6%.
