Amid the Obama administration’s celebration last week of the anniversary of the death of Usama bin Laden, reality intruded with yet another dismal employment report.
The Bureau of Labor Statistics dutifully reported Friday that the economy created roughly 115,000 new jobs in April, far below what was projected.
The Obama economy continues to plod along with no relief in sight. It’s difficult to know what’s harder to take, Obama’s constant excuses that this is the best we can do, or the willingness of so many of America’s liberal elites to actually believe it.
Obama is constantly reminding us that he inherited the “worst economy since the Great Depression.” But if that is true, history tells us our recovery should be that much stronger.
Yet since the recession ended in the summer of 2009, the U.S. economy has added only 2.6 million new jobs, according to the total civilian non-farm employment monthly survey, even though total employment is still 4 million below the end of 2007.