Just as our poor pooch got sidetracked by squirrels, so the media seems to fall for well-produced sideshows, like the GOP's focus on Barack Obama's quickly walked-back oops moment declaring the “the private sector is doing fine"
And the key here is "well-produced." There's far less attention being paid to Mitt Romney's declaration that:
“He says we need more fireman, more policeman, more teachers. Did he not get the message of Wisconsin? The American people did. It’s time for us to cut back on government and help the American people.”Aside from the massive slap in the face to public employees who keep us safe and educate our children, Romney's remarks show a decided lack of understanding of the data underlying economic doldrums.
The intersecting lines show a upsurge in private sector employment since 2010. On the other hand, public sector jobs -- police, firefighters and teachers -- which surged thanks to the federal stimulus spending that prevented a recession, have been on a steady downward slide since the plug was pulled.
So yes, in terms of jobs the private sector is doing OK, if not hunky-dory. Job creation continues and stocks, which fuel the retirement funds of millions of Americans, are slowly recovering.
But the elimination of public sector jobs, combined with the GOP's European-style austerity, is dragging down employment growth and leaving the economy hovering slightly above neutral.
Find that explanation in mainstream media.
Political reporters continue to pursue the "fresh" story, no matter how stale or contradictory it may be to the facts. Hand them a simple package, ready for air and publication and you have a group as easily distracted as our intrepid friend Dug the dog.