The Propaganda Of Incompetents
Investors’s Business Daily | 08/06/2010 Posted 07:00 PM ET
As the “recovery summer” turns into a nightmare, one thing has become painfully clear: This is the most economically incompetent administration since the Great Depression.
Two years into the Obama era, when the U.S. should be enjoying a booming recovery from the 2007-08 meltdown, with millions of new jobs and higher incomes for all, all we see is economic wreckage from the unbelievably foolish policies pursued by the White House and the Democrat-controlled Congress.
Whether it’s the $862 billion “stimulus” that turned into a welfare program for bankrupt states and public unions, or the $700 billion TARP program that became a giant dish of pork for Democrats and their supporters, or the job-killing duo of health care and financial reform, Obama, Pelosi, Reid et al. seem oblivious to the deep and lasting damage they're doing to America’s economy.
Friday’s frightening jobs report was only the latest in a series of releases indicating the “recovery” is faltering. Unemployment in July was unchanged at 9.5%, but a net 131,000 jobs were lost on top of 97,000 more than first accounted for in May and June.
“Recovery summer”? Time for another sobriquet.
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