"Now, my administration has a job to do as well, and that job is to get this economy back on its feet. That's my job, and it's a job I gladly accept. I love these folks who helped get us in this mess and then suddenly say, well, this is Obama's economy. That's fine. Give it to me." --Barack Obama
You've got to hand it to President Obama and his White House economic team. Faced with last Friday's dreary May jobs report, they did their best and rolled out the old 'bump in the road' analogy for comfort. As chief White House economist Austan Goolsbee put it, "there are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the past two years." Nice try, but there's no way to spin news that the economy in May created only 54,000 new jobs, which is about one-third the number necessary to keep up with the growth in the labor force. The jobless rate rose for the second straight month to 9.1%, which is especially depressing nearly two years after the end of a very deep recession. At this stage in the Reagan expansion, after a comparably deep 1981-82 recession, the economy was growing by 7% a year and the jobless rate was plunging. This time the economy is growing by less than 2%, and we still have 6.8 million fewer jobs than when the recession began in late 2007. We could use another Reagan and his team at the helm right now... at this rate Obuma's going to to bring back the "Breadlines," faster than you can say, "OMG, what just happened!"
"The White House says that the unemployment rate is good news because it means more people are looking for jobs. More good news like that, and everyone at the White House will be looking for jobs." --comedian Jay Leno
Bye Bye, Goolsbee
Lets see what Nancy has to say about this: "The unemployment numbers are obviously disturbing. Are they an anomaly as some people suggest because of the disasters in the South and the Midwest and the rest, or is this something systemic that we have to accommodate in a different way?"
And don't forget the BIG Lie: "What the president has done has improved the situation from where it may have been."
---House Minority Leader Nancy Pelosi
What was that cry from Obama & his fellow socialists about 2 years ago? Oh yeah, "the republicans have driven the car into the ditch...". Mr Hopey/changey has managed to drive it, full throttle, across the mesa to the edge of a cliff! His navigator needs to hollar, "Hey idiot, hit the brakes!". Of course there are those who are following blindly behind his bus. Some choice. Follow his inexperienced butt over the cliff, or participate in the grandest rear end wreck in history when somebody slams on the brakes.