Jobs From Money

Wall street creates jobs on mainstreet — grant me this idiom

I have been accumulating viewer points watching the media duel. Capturing opinions as voiced by Main Street Media and Wall Street Media.

I am posting charts from BLS data, not because I believe they have the best data, but because they have the most often cited data, therefore, media and academics amplify its dissemination. Hence, their data has wider effect, if any.

Just yesterday [Nov 3,2008] CNBC and FOX commentators said, with unquestionable authority, that democrats are not good for job creation. The unchallenged opinion is based upon the democrat’s philosophy.

The following chart is BLS unemployment data for September of election years for the past forty years. The choice of September is because that is the last month data published prior to an election. October data is published after the November election.

If you had to write a thousand words to replace this chart, would it be the same tale told so stridently by those occupying the on aire eight box? Are jobs created during Redstreet eras?