A story from the old Soviet Union helps us understand claims that a jobless recovery is underway. Once upon a time four of the historic leaders of the old Soviet Union were on a train going across the Siberian wilderness: Lenin, Stalin, Kruschev and Brezhnev. (Suspend your understanding of time.)Midway across the wilderness, the train reached the end of the tracks. Construction works were huddled around fires trying to stay warm. They said track supplies were short. Lenin said he’d take care of it.  He climbed down the steps of the plush private care the leaders were traveling in, had workers build a simple platform, mounted it, and started giving a rousing speech. He exhorted the crowd to revolutionary effort to advance the cause of the people. They all shouted and went back to work.In a couple of hours the train moved down the track about a quarter mile. Then it stopped.The leaders looked at each other. Stalin said he’d take care of it.He climbed down from the...(Read Full Post)