As if we already didn’t know it. He keeps blaming Bush for the economy he inherited; I remember the economy that Reagan inherited too. Reagan merely said “let’s get down to working at making it work” and produced one of the (if not THE) largest recoveries ever in US history. It did take a while, but he didn’t whine about things the way that Obama has. In three and a half years, the only time he has acknowledged that he would be held accountable is when he said “If I don’t have this done in three years, there is going to be a one term proposition“.
They why does he keep insisting “HEY! It’s NOT MY FAULT”? It has been one excuse after another: Bush, Europe, the weather, a tsumani, Republicans (even as he “owned” Congress as Democrats controlled it before he was elected and for his first two years) and at a cost of over $800 Billion. Meanwhile, the latest jobs report yesterday shows his Administration’s continued ineptitude in setting up and implementing the policies in the best way to help American families: setting those conditions that make it easiest to get a job.
People don’t like whiners, Mr. President, they want results. I understand that Government does not create jobs – it does, simply because of its size and its rule / law ability, set the environment that tells others the conditions under which they can operate and thus, decide to hire. What the market is saying is “Mr President, we find your environment wanting, and wanting too much from us in believing you will do the right things. Thus, we will wait”. Now, one month upwards is not a trend, but it is indicative that even a President and all the smartest Progressive ideas can implement a command and control system that would truly meet the needs of the nation’s businesses that are, in turn, supposed to meet the needs of over 300 million consumers.
I expect that soon, Mr. Obama will soon revert to bashing business for “not caring about American families” by hiring the unemployed” and continuing his class warfare scorched earth policies. Bashing may indeed be a campaign strategy but it is not an economic one – too bad (for all of us) that Obama doesn’t understand the difference.
The problem is that there are just 6 months left in this campaign – while most people DON’T want to get involved in politics, they are paying attention to the economics coming up to the vote. And they will do the one thing that often Liberals decry – they will vote their self-interest and their wallets. Politics is fine but for most, taking care of their family is job one. And they will ensure that the person best suited to enable that will get the nod.
And this above result is not going to cement the feeling that Obama is up to the job.
(H/T: Instapundit)
The hard data:
- The unemployment rate crept up slightly to 8.2 percent
- added just 69,000 jobs in May, well below expectations of 150,000 job gains
- March number reduced by the BLSfrom 154,000 to 143,000.
- April reduced from 115,000 to 77,000
- Economic growth reduced from 2.2 to 1.9% for last quarter.
(H/T: Washington Examiner)
