(INVESTOR’S BUSINESS DAILY) — The White House spins the new job numbers as evidence the economy is coming back from the Bush recession. Truth is, the economy continues to struggle against the weight of Obama’s misguided policies.
Friday’s numbers showed employment climbing 200,000 and the jobless rate dropping for the second month in a row, to 8.5%. Fully 30 months into the recovery, any good jobs news is welcome. But this latest report isn’t much to cheer about. After all, Obama once promised unemployment would be around 6% once his stimulus plan kicked in. And the current rate is still much higher than the post-World War II average of 5.8%.