have such concerns about inadequate inflation (or even deflation) that the Fed is in cut, or probably now, hold mode. Every economic period is different, so there are limits in how much we can compare different expansions and full cycles. I think this one has been defying traditional economic thinking ever since we avoided a worse economic outcome from a financial collapse that was probably more severe than 1929. The outcome of 2008 was no where remotely close to the 1930s.

Which, in our eagerness to score political points with these types of things, should come with a "Thanks Bush! Thanks Obama! Thanks Bernanke!" But Bernanke doesn't count, because he wasn't a president. We all know presidents are 100% responsible for economic outcomes in a free market economy.

At least based on any thread on the soapbox I've ever seen about a job report.