They were wailing and tooth gnashing under bush when we were at 5 percent unemployment. Now at 7.3 percent its a huge success.
Bull shit. No one with an ounce of understanding of economics considers 5% unemployment to be an issue. I suspect you are simply imagining this "wailing and tooth gnashing".
What was an issue is that the employment to population ratio began falling in 2000 when China started ramping up manufacturing and exports. The real price of fuel went from decades of constant dollar to increasing as well.
Well no that's not right either.
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