The economy in February added 236,000 jobs, with the unemployment rate dropping to 7.7% from 7.9%, the lowest the main rate has been since December 2008. The economy would have grown by 10,000 jobs more (246k) if austerity measures had not resulted in the loss of 10,000 public sector jobs. Hopefully the economy will continue to grow so that the impact of the Sequester spending cuts, which will not be overturned. Indeed, in my view, while the cuts are bad and dumb, they at least give the President a rejoinder to the idiocy from Boehner and McConnell whenever they or any Republican says “The President got his tax hikes (or new revenue).” We can say, “Yes, and you got your spending cuts. So if we don’t get any new revenue, you don’t get any new spending cuts. There, we can be petulant children too.”