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The President just concluded a frenzied “jobs” bus tour to explain why unemployment is at 9.1% — after borrowing nearly $5 trillion in stimulus the last three years. You know the usual suspects responsible for our, not his, malaise: George Bush did it; the Republican obstructionists in the Congress who were wary of approving another $2 trillion in debt did it; the Tea Party did it; Standard and Poor’s did it; the Japanese earthquake did it; the Japanese tsunami and nuclear accidents did it; the Middle East unrest did it; the European debt crisis did it; new technology like ATM machines did it. Obama has cited these culprits and many more — though never either himself or his advisors who took a weak recovery and turned it into a near recession.
Both the president and his supporters fault supposedly self-interested corporations and “the rich” who sit on “trillions of dollars” in capital, and won’t hire new workers or make massive purchases of equipment.
...who took a weak recovery and turned it into a near recession.
