President Obama is fooling no one with positive spin on limp job numbers / Unemployment edged down because 342,000 quit looking for work (NEW YORK DAILY NEWS EDITORIAL) 05/06/12)
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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
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.
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
Republicans in Congress are equally useless — hunkered
partisan warfare unable to compromise on tax reform, debt reduction,
immigration reform or infrastructure investments.
thing they have to a game plan is waiting for Mitt Romney
to take the oath of office.
Another depressing statistic: The
nation’s companies are generating
more output than before the recession started — suggesting the 5
million workers they shed have become redundant. Who in Washington
has an answer for that?
Unemployed Americans desperate to
support their families deserve
action. They deserve leadership. They deserve jobs. (© Copyright 2012
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