WASHINGTON — No single labor statistic speaks more loudly, or more painfully, than the announcement that the Obama economy created a puny 88,000 jobs last month.
Even more shocking was the Bureau of Labor Statistics report that 500,000 long-suffering Americans gave up looking for work and thus were no longer counted among the unemployed, falsely shrinking the jobless rate to 7.6 percent.
A stunned White House had little to say about it. Gene Sperling, assistant to the president for economic policy, blamed the minuscule numbers on the budget cuts, and by implication the Republicans, but could not bring himself to admit the dearth of new jobs was due to chronically weak economic growth under the president’s harmful policies.
The embarrassed silence from Democratic leaders on Capitol Hill was palpable and shameful — though some privately grumbled that if Obama didn’t turn the economy around soon, their party was going to get clobbered in next year’s midterm elections.
The network news anchors, who’ve been telling us for months that the economy was picking up, gloomily reported the dreary statistics, then dropped the story from their later broadcasts.
Read more at Human Events . By Donald Lambro.
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