The Numbers Game
President Obama's attempt to spin the latest discouraging unemployment numbers as "a step in the right direction" is like telling passengers aboard the Titanic to ignore the sinking vessel and listen to the live music.
"The U.S. unemployment rate was unchanged at 8.2 percent in June," the Journal reports, "but a broader measure rose to 14.9 percent as the ranks of the underemployed grew. ... The reason the rate didn't decline was that while the number of employed increased, so did the labor force by a larger 189,000 people." The broader unemployment rate includes temporary and part-time workers who would prefer a full-time job, as well as people who want to work but have given up looking for jobs. The president's policies, which appear to have stifled economic growth, continue to contribute to the dismal jobs outcome.
Figures from the
June marked the 41st consecutive month in which the unemployment rate has been above 8 percent, the longest streak at such a high level since the Great Depression. President Obama promised that if
Here's more from an analysis by James Pethokoukis of
Pethokoukis adds, "If you adjust for the larger U.S. population today, the Reagan recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs."
President Obama has said we "can't afford to go back to the failed policies of the past," implying they didn't work. Those past numbers look a lot better than the ones he's posting. We're waist-deep in a financial "Big Muddy," to paraphrase
If Obamacare is not repealed and replaced by a
But more than a change of administrations is needed. We also must change the way many of us think about the proper role of government, which functions best when it's limited. When people are not limited by government, they do better for themselves and the nation. Why then do so many turn to government when it consistently fails to perform better than the private sector in most categories?
Spinning numbers won't cure an ailing economy anymore than wishful thinking will improve the condition of a dying man. This administration has put America on a path to socialism. It's for Romney to make the case that the administration's "medicine" is actually killing us.
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The Numbers Game | Politics
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