Not so long ago, the news that the nation had lost 11,000 jobs in a month would be cause for panic. Today it’s a reason to celebrate, at least in some circles (Wall Street). The story line was well-illustrated by the graph released today by the White House in response to November’s job numbers and slightly improved 10 percent unemployment rate. Today also brought what Atlantic blogger Marc Ambinder dubbed the “First Line of Every Democratic Campaign Speech in 2010,” courtesy of Christina Romer, chairwoman of the President’s Council on Economic Advisers: “But it is clear we are moving in the right direction.”
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