Remember when Ghey Barry blamed the Chimp 24x7 for all his failures?
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Economy: President Obama has been on the job for nearly three and a half years, but the White House says bad news on jobs is George W. Bush's fault. Time to own up to your own record, Mr. President.
It was the most tepid job growth seen in America in a year, with fewer than 70,000 jobs added for May — less than half what economists expected.
On top of that, March and April's combined job growth was revised downward by almost 50,000. The unemployment rate is again going in the wrong direction, from April's 8.1% to 8.2% in May.
In response to the jobs report, the Dow industrials plunged more than 274 points, or 2.2%, the index's worst day of the year and falling into negative territory for 2012.
Welcome to the Obama "recovery."
The White House says this economy isn't really the president's responsibility. Its take on what the Washington Post called a "dismal U.S. jobs report" as "businesses dramatically scaled back hiring," was this from Council of Economic Advisers Chairman Alan Krueger:
"Today we learned that the economy has added private sector jobs for 27 straight months" — as if lukewarm net job growth that's actually slower than the growth in the labor force should be a cause to break out the champagne in the biggest economy in the world.
Instead of blaming its failed trillion-dollar Keynesian stimulus, plus at least another trillion taking over the country's health-insurance system, the White House disgracefully points a finger at its predecessor.
Rattling off job losses during the end of Bush's second term, Krueger tells us, "We are still fighting back from the worst economic crisis since the Great Depression."
We would not be suffering the worst post-downturn economy ever had we followed the tried-and-true formula for recovery, the one presidents Ronald Reagan, John F. Kennedy and Calvin Coolidge trusted in — not to mention George W. Bush, who presided over 5%-and-less unemployment over much of his tenure.
That formula consists of abundant, no-strings-attached tax cuts and a lessening of the hand of government in our economic lives.
On his way to a big-money fundraiser in Minnesota, President Obama told the employees of Honeywell, "our economy is still facing some serious headwinds" like the "crisis in Europe's economy" that's "starting to cast a shadow on our own as well."
So it's Bush's and the Europeans' fault?
Obama's "to-do list" for Congress — yet another scapegoat — includes the phony idea of "a Veterans Job Corps so we can put our returning heroes back to work as cops and firefighters, on projects that protect our public lands and resources."
Sounds like he wants to turn our brave soldiers into armed government enviro-regulators. It also sounds like during Memorial Day week this president is disgracefully exploiting American patriotism to distract from the resounding failures of his economic policies.
Even Jimmy Carter, as failed as his presidency was, ultimately realized the private sector needed deregulation and lower capital gains taxes. This president, on the other hand, blames others and ignores his failures.
