Five Ways Obama Tanked Employment

Mike Gonzalez / July 08, 2011

President Obama’s defenders are taking to the airwaves to rebut the charge that his actions have caused the dire employment figure we see today. The rebuttals mirror those the President is making, and they sure don’t lack in audacity.

Some of the president’s enablers, for example, continue to claim that the unemployment rate is the fault of George W. Bush (even though it has been steadily rising two and a half years after Mr. Bush left office). Others say it is the structural result of deindustrialization. A third excuse making the rounds asserts that stalled talks over raising the debt ceiling have caused uncertainty and made businesses not hire. (more…)