I know I had another 200,000 jobs
    around here somewhere!

Was their a brick wall around that corner we’ve turned?

The economy has turned a corner, all right: and slammed into a brick wall.

That’s the reaction of my friend Peter Cohan (of Net Profit fame) to the latest disappointing job-creation numbers.

Peter thinks he knows whose fault it is, too.

Update More on this from Brad DeLong. Not only as the July number lousy, the lousy June number previously announced just got revised down (78,000 instead of 112,000, against an expectation of 250,000). Brad points out that the Administration is now 1.5 million jobs short of the forecast it made — and he made fun of — six months ago.

Second update Jane Galt thinks this is big news, politically: her headline reads The Bush Toast-o-Meter goes to “Extra crispy”

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact: Markarkleiman-at-gmail.com

Comments are closed.