A Jobs Creator?

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Mitt Romney (R) & Deval Patrick (D)

A tale of Two governors as Jobs Creators


As you know, the jobless rate each state roughly reflects the jobless rate of the country.

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Romney served as Massachusetts governor from the start January 2, 2003, to January 4, 2007. Patrick from Jan. 4 2007 to present.

So let’s look at the jobless rate in the USA and Massachusetts when they were governors in the following interactive graph with data from Bureau of Labor Statistics

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Unemployment graph for Massachusetts and USA

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Mitt Romney (R) & Jobs

Basically, at the start and a few months into his administration the MA jobless rate is a tiny bit below the USA  and when his administration ends it’s a tiny bit above or flat.

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Romney’s public record as a jobs creator is

slightly below average

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Deval Patrick (D) and Jobs

Basically, Patrick starts out with a jobless rate that’s flat or slightly above the USA average. But as the graph shows over time to today that difference widens to a huge 1.5% better than the national average.

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Patrick’s public record as a jobs creator is

outstanding

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Einstein said everything is relative. So compare Patrick to Romney & Romney to the USA. Which governor made a difference in Massachusetts?

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Romney, the businessman’s

record as an elected official

in creating jobs is

Below Average

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STOCKS

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Wall Street Bull and OWS Symbol

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  • Outlook pretty much the same. Some major banks report early today and tech companies after the bell.
  • Semi conductors and home builders are leading the bulls
  • Our #1 technical forecasting tool, the McCellan Oscillator (MO) rose to +52.25.  50DMA at +1.41 (for more see  STRATEGY link at top of blog) Just below ovebought territory = NEUTRAL/BEARISH
  • DAX way up 0.55% this AM (8:00 EST) and the Italian 10 year bond is in full retreat for over a week. The correlation between European & US stock markets has become weaker, but still significant. Latest data below. All this = BULLISH

Overnight Data From Europe

Germany’s DAX

Italian 10 year bond

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Longer Term Outlook

3 months+

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Still

CAUTIOUSLY BULLISH

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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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