Carol E. Lee of the Wall Street Journal reports that the president will be turning his attention back (“pivoting,” it is called) to the economy in an effort to get Democrats elected next month. The president will be speaking today in the most mismanaged and corrupt state in the union – Illinois. He will be urging voters to re-elect their present governor, Pat Quinn.
While in Illinois, the president will:
… highlight economic progress while cautioning that more needs to be done, and he’ll lay out his policy priorities for advancing the middle class including raising the minimum wage, White House press secretary Josh Earnest said.
This most-recent message of economic progress was first road tested during the 60 Minutes interview last Sunday where the president threw his intelligence apparatus under the bus. The good economic news, he explained, was not apparent to those many voters who believe that the country is still in recession because, "They don't feel it. And the reason they don't feel it is ... incomes and wages are not going up.”
Other than that …
The current recovery is barely worthy of the name. What kind of recovery is it, after all, when six years in, you are still making less than before the recession? The economy plainly lacks an essential sense of optimism and the “animal spirits” that define capitalism. As Ben Casselman of 538 reports, according to the latest data:
Americans started 410,000 businesses in 2012, up just 2 percent from a year earlier and still more than 20 percent below prerecession levels. The startup rate — the number of new businesses as a share of all businesses — was essentially flat at 8 percent.
Some economic numbers do get better. For instance, today’s first time claims were the lowest since 2006 but millions are able to find only part-time work when they would like full-time jobs.
None would call that a boom.
Still, the president will be in back in his home state today. Telling people that things are getting better.
Just as long, that is, as they ignore the fact that they aren’t making any more money.