Krugman - Too Low a Bar

Mr. Bush's handlers have often managed to have small achievements hailed as triumphs by persuading people to set the bar very low. Now his officials are trying to convince the public that if, after several years of dismal performance, they can achieve one year of job creation at a rate below the average rate Bill Clinton achieved over eight years, this will constitute a great economic victory.

If we want to improve the dismal prospects of job seekers — currently, 75 percent of those who lose jobs still haven't found new jobs when their unemployment benefits run out — the number of jobs must grow faster than the number of people who want to work.