Here’s a news flash for you. The economy is still in bad shape. I know that is stating the obvious, but it needs to be said. For months, the Obama administration has spread the word that the economy is recovering, that things are looking up. They have pointed to every number imaginable, trying to make their case. At one point, the official unemployment rate did drop, but just barely. The jobs numbers have always looked suspect, but they are even more so after Obama and company are finished revising them downward, a month or two after they have been released. The bottom line is, the economy is not doing so well, and the latest data proves it. Fox News has the details.
With two consecutive months of dismal job growth amid rising unemployment — and just five months until Americans go to the polls to choose their next president — the Obama administration is on the clock to show it indeed can “put Americans back to work.”
That reality was underscored Friday by Labor Department reports that showed the jobless rate ticked upward in May to 8.2 percent, from 8.1 percent, and that virtually stagnant economic growth created only 69,000 new jobs — the fewest in a year.
Honestly, does this come as a surprise to anyone who is trying to take part in the real economy? The jobs being created aren’t enough to keep up with the college students who are graduating and looking for work, much less the people who were already looking for work. Even with the manipulation of the numbers going on, it’s impossible to hide the truth. The economy is not really recovering.
What is Obama’s answer to this problem, other than to continue spending money we do not have? He blames George W. Bush, of course. He relapsed into his familiar rhetoric during the former President’s visit to the White House for the unveiling of his portrait and he continued after the jobs numbers were released on Friday.
The White House and Obama were quick to defend the numbers, saying — as they have since taking office in 2008 — the problems were inherited.
“We’re still fighting our way back,” the president said during a campaign stop at a Honeywell facility in Golden Valley, Minn. “Our economy is still facing serious head winds.”
Head winds, he says? Isn’t that what we have tried to point out for months? If President Obama insists on being so relentless in blaming everyone but himself for the current slow pace of the economy, then I insist on pointing out just how big of a failure his economic policies have been. He has been in office for over three years and the economy he inherited is still in the tank. For all of his brilliant economic and fiscal policies, we have nothing to show for those three plus years except increased government spending, an explosion of the national debt, and a much larger deficit. Oh, and a much-divided country, due to his continued rhetoric against those who have been successful in our economy.
Yeah, what we need is a Obama victory in November. Can’t you just imagine having to listen to his excuses and rhetoric for another four years? I don’t think we can afford to pay the price.