Another encouraging sign that we are pulling out of the Great Recession: 165,000 jobs were created last month. While that is a nice step in the right direction, the unemployment rate remains stuck at 9.7%. With 8 million jobs lost since late 2007, job creation will need to double or triple last month's number in order to bring that percentage down.
That said, it looks like the Obama team can get it done. The graph below shows job creation under Bush in red vs. Obama in blue. I'd say the American people made the right decision in 2008, wouldn't you?