by on JUNE 1, 2012, 9:56 AM
The unemployment rate rose from 8.1 percent to 8.2 percent in May, and the economy generated 69,000 new jobs, some 85,000 less than the 155,000 that were expected.
The economy needs to create about 150,000 jobs a month just to keep pace with the expansion of the population and maintain employment at a steady level. In April, the economy created only 77,000 jobs.
The White House can spin this any way it likes.
It can talk about the total number of jobs created over the past half century instead of focusing on this month’s numbers. It can discuss how we are digging out of the worst recession since the Black Death in Europe in 1348. It can say the George W. Bush was discovered under a sofa in the Blue Room still running the economy.
It can blame Europe, oil prices, the Japanese tsunami, the Space Station, sun spots, and Kim Kardashian.
But everyone knows this is Obama’s problem.
I saw a report recently that the Obama team has done enough to vilify anyone who brings up Jeremiah Wright – by shrieking that somehow this has something to do with racism – that they high five each other every time some Republican is heard talking about it.
The Romney team should be high fiving each other every time they hear an Obama campaign attack on Romney’s record at Bain Capital.
Because the public isn’t stupid.
People can see that after three and a half years of Obamanomics, the unemployment rate is going up. And the more they hear that Obama’s opponent was involved in the business sector – and yes, even that he made tough decisions that cost some people their jobs – the more they are going to consider putting someone in charge of the economy who might know what he’s doing.
They understand it is going to require some pain to fix things. And that Obama’s promises to soak the rich to pay for electric vehicles is not a reasonable economic program.
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