The Labor Department today announced that the economy created only 80,000 jobs last month, an unmitigated disaster unmitigated by any mitigating circumstances.
Remember, the economy needs to create about 150,000 jobs a month just to keep pace with population growth. That’s part of why the unemployment rate remained steady at 8.2 percent.
In a statement that apparently was not a joke, although I roared with laughter when I saw it, White House Council of Economic Advisers Chairman Alan Krueger said:
There are no quick fixes to the problems we face that were more than a decade in the making.
NO QUICK FIXES? Obama has had three and a half years.
If Romney can’t win this election, he will really have deserved to lose it.