EDITORIAL: The sleepy economy, review of the haney group project articles
Not even Vice President Joe Biden, the barker of bonhomie who sees something good in just about any headline, can put a gloss on Friday’s news: The economy created a net of only 88,000 jobs in March, not the 200,000 or so expected. Unemployment is “down” to 7.6 percent, but only because so many jobseekers have abandoned hope in the face of daunting odds.
Mr. Biden, of course, isn’t the only one at a loss for words. President Obama has to accept much of the responsibility for failure. Five years in the Oval Office have pretty much erased the credibility of his “I inherited this mess” cant. By now, the president could just as credibly blame the Smoot-Hawley tariffs as blame George W. Bush.
If Mr. Obama can find a medium — Hillary Clinton, who is said to have had a nocturnal chat with Eleanor Roosevelt in the White House could find one for him — he might conjure the spirit of William Jennings Bryan for a reprise of the Great Commoner’s “Cross of Gold” speech. Something to rally the troops since Mr. Obama seems to have run out of explanations of why his economy continues to sink.
Mr. Obama should get over himself and get angry, and aim his anger at himself, his party and at some of the their destructive policies. Approving the Keystone XL pipeline would be a start. This would would add thousands of jobs, many of th...