Economy fares well during shutdown
Always eager to score political points, President Barack Obama and liberals in Congress blamed the partial government shutdown in October on Republicans in the House of Representatives. They added GOP leaders were hurting the economy.
Never mind that House Republicans offered a spending deal that would have averted the shutdown, had Obama and Senate Majority Leader Harry Reid accepted it. They, too, bear blame for the shutdown.
What about harming the economy? It turns out private employers created about 204,000 new jobs in October, according to the monthly report from the Bureau of Labor Statistics. And in the private sector, the unemployment rate dipped just a bit.
Obama and Reid argued the shutdown increased pessimism among private business people. Clearly, it did not. If anything, just the opposite appears to have occurred. So much for the theory the economy revolves around the federal government.