PrintJuly 13, 2011
Obama's Own Economic Benchmarks Give Administration Failing Grade
Last week, White House Press Spokesman, Jay Carney, was asked about how the average American asseses today's economic environment. After a quick synoposis of how the White House doesn't believe the average American looks closely at the unemployment rate, he explained how the White House believes Americans discern the current economic climate:
They talk about how they feel, their own economic situation -- they measure it by whether they have a job, whether they have job security, whether they're meeting their house payments, whether their mortgage is underwater, whether they have the money to pay for their children's education or they don't.
If these are the Obama administration's benchmarks to judge the condition of the economy for the average American, then the President Obama and his economic team receive an "F."
Let's begin with Carney's phrase, "they measure it by whether they have a job[.]" Take a look at the latest job figures. According to the June...(Read Full Article)
