UPDATED: Our Long National Groundhog Day
While giving a speech on job creation at a battery factory in North Carolina today, Obama stated that “we are beginning to turn the corner” touting new, lower, unemployment figures just released by the Labor Department.
One can’t help but to recall the “beginning of the end” language President Obama used with similar optimism last year, once in July – while defending his Stimu-pork Plan – and in February when he signed the same plan into law.
If this is starting to sound like Obama repeating himself over and over again, it’s because the economic picture remains largely unchanged from last year, the President’s optimism notwithstanding:
While the jobs report does indicate that 162,000 net jobs were created in March, almost 50,000 of those jobs were temporary government Census jobs that do not reflect any real economic progress. In total, the U.S. economy has now lost a total of 3.8 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 8.1 million jobs short of the 138.6 million he promised the American people.
The truth is that the Obama economy is beyond the point where it can be spinned by the media or the White House into anything positive. And POTUS must be quite the cynic to attempt to conjure optimism out of an insignificant decrease in unemployment, given that the healthcare bill he and congressional Dems pushed for so relentlessly is already painting a less than rosy private sector jobs picture.
UPDATE: Related: Right (Left?) into the Carter Zone (with apologies to Kenny Loggins). Thanks for the link, Ed!
MORE: Prof. Douglas on the make-work census scheme and the unemployment rate.
ANOTHER ONE: Video and text of Obama’s speech at SisterToldjah.
