Posted on May 06 2012 – 5:00 PM – Posted by: Doug Brady
For the second straight month, President Obama is spinning pathetically weak job data as “good news.” Who is he kidding?
The economy added a measly 115,000 jobs in April. At that poky rate, we wouldn’t fully bounce back from the Great Recession until the presidential election in 2016.
And the only reason unemployment inched down to 8.1% was that another 342,000 Americans gave up looking for jobs and dropped out of the workforce completely. Miserable.
Obama can’t sugarcoat an economy that has limped along badly on his watch, consigning 12.5 million Americans to unemployment.
The major crisis and downturn that began in 2008 are no excuse for such a lethargic recovery.
And as Obama asks for a second term, what is his domestic economic agenda? Just campaign talking points about lowering college loan rates, posturing against an alleged war on women and flogging a Buffett Rule that would barely put a dent in skyrocketing deficits.