Obama campaign spin is headed our way. He has turned around the economy, they will say, and employment numbers prove it. In 2011 over a million new jobs were created. We've turned the corner, the plan is working, so we must stay the course.  By any historical standard, Obama's job performance is pathetic. The jobs numbers for December are not yet released and the stats for October and November will be revised once or twice. But at the current stage, the economy gained 1,445,000 jobs in 2011; the most since 2006 when a smaller economy gained two million-plus jobs, yet the Republicans still lost both Houses of Congress that year. The 1.44 million jobs gained in 2011 is an improvement over the almost one million jobs gained in 2010, and is way better than the millions of jobs lost in the preceding two years. However, the job losses were not destined to continue forever. Moreover, 8.2 (yes, eight point two) million net jobs were gained in the 29 months following the steep and...(Read Full Post)