Friday, September 05, 2008

Unemployment Numbers: Good News for Obama, Bad News for Rod

New unemployment numbers are out, and there's two pieces of good news for Obama's campaign and more bad news for Rod Blagojevich.

First, the good news for Obama:

1. National unemployment numbers are at a five year high, underscoring his argument for Change.

2. Unemployment in states with Democratic governors is .2% LOWER than unemployment in states with GOP governors, which bolsters the argument that Democrats are better at managing the economy.

Now, the bad news for Rod:

1. Blagojevich has the second-worst jobless numbers (7.3%) of any Democratic governor, second only to Gov. Granholm, whose home state of Michigan has been decimated by the collapse of the U.S. auto industry.

2. Illinois has the fourth-highest unemployment rate in the nation, behind only MI, MS, RI.

Part of the reason this is such bad news for Rod and Illinois is that because of the diversity of our economy, Illinois is traditionally one of the last states to feel the effects of a recession but also one of the last states to rebound. In other words Campers, things are likely to get a lot worse.

By the way, if you're expecting the Capital Plan being discussed in Springfield to make a dent in Illinois' unemplyment numbers, think again. There are roughly 15,000 unemployed construction workers in Illinois, but 491,300 unemployed people overall. That's makes construction workers only 3% of all unemployed workers, and wouldn't even move unemployment numbers a tenth of a percent.

2 comments:

Jane,  8:04 PM  

How come Daley gets no blame for this?

47th Ward,  11:23 PM  

YDD,

I agree with your idea here, but please tell me you also agree that it sucks to say high unemployment is good news for anybody.

Again, I get your point and I agree completely with the complex argument you've deconstructed here. But the juxaposition is killing me. Rising unemployment is bad for all of us, and yet politically it helps our candidate. This is the same side of the argument Democrats are often on, and I don't like to root for bad news.

It doesn't feel right. But whatever is bad for George Bush is bad for John McCain, and these numbers are very bad for George Bush. Oh, and the jobless people too.

And the rest of us.

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