Fannie Mae-No Politics (FNMA)

[Donotunderstand]

reality

any month - any measure - it can be attacked

be it RR or George or BO

reality

for 50 years a BROAD gauge that has been meaningful for DEMS and REPS and those who influence the economy and those who invest has the same unemployment measure

it has pros and cons - it overstates and then understates - it rotates and it elevates

but it is the GAUGE

You do not get to set a new reality by diving into sub components because NOW they suit you and avoid the reality that for instance manufacturing jobs that pay well have declined for 40+ years

or that most families stayed middle class by the WIFE going to a paying job - be in Nixon or Carter or Bush daddy or Clinton

ok?

tons of noise - tons of ways to discredit anything and everything

so best to say - this is the measure - with its truths and its warts

And it was at 10 from the momentum of George (2 wars and Medicared D on a Chinese credit card for starters) and it is now at a nice - consensus - low

lets use the same measure - warts and pros and cons - for the next four years

ok?

(Summary - there are too many people who can not find the work at the pay they want. A president - BO or Trump - can only set tone and direction (with the FED pulling in same direction). Reality is the economy has had a slow but insanely steady and long recovery ............... now it is Trump's turn (Frankly - if the Republicans in Congress allow him to do a true infrastructure plan (v some tax credit swamp) - we might see 3.9%