WH: Why no, today’s jobs report doesn’t change our economic strategy

posted at 1:21 pm on April 5, 2013 by Erika Johnsen

In another clip from CNBC this morning, take a gander at the White House chief economist Alan Krueger affirming that, why no, this morning’s awful jobs report does not mean the White House is going to be reassessing their economic approach. And hey, why should they? Backing off of failed progressive policies for the good of the country is for chumps, duh.

I think if you look at today’s report and other indicators that are coming in, the economy is continuing to heal. What we need to do in Washington is avoid self-inflicted wounds. Most importantly, the sequester, the CBO estimates, will reduce job growth by 750,000 full time/equivalent jobs by the end of the year. So, we’ve done a lot of healing in the economy, the housing sector is finally making a turn and we shouldn’t be putting up headwinds in the way of the recovery that is taking place. … I think this report, and frankly, where we’ve been over the last year, supports the president’s proposal to have a balanced approach, which supports growth in the near term, invests in our infrastructure, invests in manufacturing innovation, invests in pre-school so we’re more competitive in the future, and addresses our long-run deficit problems and the president has show that it’s possible to do that.

I see his lips moving, and yet I hear no meaningful words coming out. Avoid self-inflicted wounds, really? The president’s entire agenda of meddlesome health care, financial, and eco-regulations is one giant self-inflicted wound, but if we want to talk about the sequester, let’s not forget that it could never of happened if the president hadn’t signed off on it and that he distinctly refused to allow for flexibility in the ways the cuts were implemented. And the housing sector making a turn isn’t going to last long if you — ahem — ‘keep going back to the policies that got us here in the first place.’

And of course, “balanced approach” and “addressing our long-run deficit problems” are code for raising taxes so that the federal government can continue to rob the private sector of more capital and instead “invest” it for us on things like “infrastructure” and “pre-school” — which is why President Obama will be including still more tax hikes in his upcoming budget proposal. Perfect.


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Comment pages: 1 2

Yep, the healing is here…

http://data.bls.gov/timeseries/LNS12300000

3 years ago, March 2010, 58.5% of the workforce had a job.
2 years ago, March 2011, 58.4% of the workforce had a job.
1 year ago, March 2012, 58.5% of the workforce had a job.
Today March 2013 58.5% of the workforce has a job.

Amazing how we’ve healed over three years to the same place we started… we’ll “heal” back to the 63% we had pre-recession at our current “healing” rate by… never.

I’m hoping I never “heal” quite like this.

gekkobear on April 5, 2013 at 4:13 PM

Why should they? Their goal of bringing down the United States seems to be working………

ultracon on April 5, 2013 at 4:19 PM

Why should it change it? If creating jobs and securing the economy sacrifices Obama and the Democrats’ agenda, then to hell with jobs and securing the economy. That is literally their attitude. Its the attitude of most Republicans as well, unfortunately.

rickv404 on April 5, 2013 at 7:19 PM

Government as healer, of course, makes perfect sense. Spread multi-millions around God knows where, blow open the deficits,[so much for "the children"], wait Over four years for the actual results,and observe the unemployment results, the real ones, the ones that talk to the 15/16% that have given up.
But if the purpose is to cause harm and pain it’s working great.
And that is the purpose.
And we do know where the money went, remember the jackass in the WH telling the fools that the aid had to go to state and local governments? That the private secror was “doing fine”.

arand on April 6, 2013 at 10:25 AM

“Why mess with success?”

Axeman on April 6, 2013 at 10:44 AM

Capital Gains Tax Rates Around The World

Bray, bray, bray-am-ing at the moon!

Resist We Much on April 5, 2013 at 2:20 PM

But…but…but, Obama said…and–and–and–MSNBC said…

Axeman on April 6, 2013 at 11:01 AM

The biggest freeloaders in this country are Tea Party members blowing out the deficit with their social security checks and Medicare support.

bayam on April 5, 2013 at 1:36 PM

I’m Tea Party and I will (probably) never see the dollars I paid into Social Security and other public retirement “funds”.

It’s funny that you can take a point of toleration for a government program, based on a promise that the government made to retirees–and the money that these people paid in over the years–thinking they were paying in for their retirement (because again, the government told them so.) and make that into “freeloading”.

Yet, to spurn them in preference to a political opposition that just wants to make more promises–to the point of phrasing it as if there are no non-Tea-Party people on Social Security and Medicare.

Just to see what you look like, I’m going to look up the word “loon” in the dictionary.

Axeman on April 6, 2013 at 11:09 AM

I’m hoping I never “heal” quite like this.

gekkobear on April 5, 2013 at 4:13 PM

The healing comes when we start cutting down our Social Security and Medicare burden thanks to “End of Life Counseling”.

Axeman on April 6, 2013 at 11:11 AM

Until the believers on the left are hit between the eyes with a downturn, Ocare, higher taxes, unemployment, higher gas and grocery bills, or not being approved for a loan, will they begin to understand what we have been screaming at them for over 4 years.

Kissmygrits on April 5, 2013 at 3:04 PM

Many of them will still understand two things: Bush ruined the economy, and just when we started to get up again, that daggone Sequester ruined all the progress the Supreme One had made. That’s the reason we had to discontinue presidential elections–in case we get another Bush in there.

An answer within the liberal paradigm IS The Answer.

Axeman on April 6, 2013 at 11:19 AM

never of happened

*cringe*

LagunaDave on April 6, 2013 at 2:34 PM

Obama is out to make the country into a Third World Crapistan with elite oligarchs ruling through puppets like him.

Why change their succeeding strategy?

30 million illegal aliens brought into the voter roles and it will be permanent.


Death to the arrogant racist Hyperpower!

profitsbeard on April 7, 2013 at 2:54 AM

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