First, because there have been jobs created and second, because it is still way too early to give credit/blame to tax cuts and third, because the argument would be made that tax increases would have made things even worse than they are now.
Here are the job numbers from the establishment survey (in thousands of jobs)
Dec 2010 - 130,260
Jan 2011 - 130,328
Feb 2011 - 130,563
Mar 2011 - 130,757
jobs created at 3 month point - 497,000
Apr 2011 - 130,989
May 2011 - 131,043
jobs created in last two months - 286,000
Remember the glorious Clinton years?
Well, the economy lost 7,000 jobs in May 1995 and it lost 18,000 jobs in January 1996 and lost 7,000 jobs in August 1997 amd only gained 121,000 jobs in July 1998 only 71,000 in July 1995 and only 159,000 jobs in August 1993.
So I don't think a gain of 54,000 jobs is the end of the world as we know it.
The economy might be doing better if everyone was not so jumpy.
I noticed that the other Tuesday. On Saturday we had a tornado warning with sirens blowing for about an hour and nothing happening. On Sunday, nearby Joplin, Missouri got flattened. On Tuesday during Kiwanis it poured rain. I could see my fellow Kiwanians jumping a little every time a blast of wind and rain hit the windows. The recent tornado and tornado scare was making us all a little jumpy.
Well, the economy had a disaster recently and we are all still a little bit jumpy. The jumpiness doesn't help things. We can get through this, but we've got to stick together...
http://www.youtube.com/watch?v=qu2uJWSZkck