When Will White House Blame Themselves For Unemployment?
Speaking at a town hall meeting on Friday at Charlotte, North Carolina President Barack Obama claimed, “We are beginning to turn the corner.” He touted the Labor Department reporting that businesses have added 162,000 jobs in March. This is another example of how White House uses deception to paint rosy pictures.
According to the Labor Department report, it had been three years since so many jobs were added in one month. The problem is that a large percentage of the gains reported were due to the hire of seasonal census workers by the federal government, which should not have been accounted in this reporting, since these workers will soon be laid off.
Since the latter part of 2007, more than 8.4 million jobs have been lost. At the current time, nearly 11 million people are drawing unemployment insurance benefits. Director of the National Economic Council Lawrence Summers was at one time boasting jobless recovery. Only later did the White House change its tone under adverse criticism.
Christine Romer, head of the White House Council of Economic Advisers, admitted that the consumers still face “a lot of head winds” from the financial crisis. She blamed it on debt and credit difficulties, which are slowing down job growth.
Treasury secretary Timothy Geithner said last week that the administration wants to get the jobless rate back to around five percent; however, the process would be slow. Summers blamed it on the previous administration, asserting, “We’ve inherited a terrible situation, the most pressing economic problems since the Great Depression in our country.”
No body denies Summers’ assertion; nonetheless, it may be the time to assess what actions the current administration has taken to slow down the runway train of government expenditures to bring the fiscal house in order.
Blaming it on Bush can only go so far. At some point the Obama administration has to own up to its own actions. The question is when.