Consider this the best economic news this country has had in the last two years. One of the chief architects of President Obama’s disastrous economic policies has called it quits.
Fox News has the good news:
Translation: “Christy realizes that everything we’ve done has blown up in our faces like the Hindenberg and she wants to get out before her career is completely discredited. Luckily, the U.C. Berkeley is willing to pay her a ton of your tax dollars to inflict her failed economic theories on another generation.”Christina Romer, one of President Obama’s top advisers, plans to step down effective Sept. 3.Hey, Christina. Little Orphan Annie called and she wants her dress back.
Romer, chairwoman of the president Council of Economic Advisers, plans to return to California, where her son will be starting high school, the White House said Thursday evening. She also is returning to the University of California, Berkley as an economics professor.
“Christy Romer has provided extraordinary service to me and our country during a time of economic crisis and recovery,” Obama said in a written statement. “The challenges we faced demanded more of Christy than any of her predecessors, and I greatly valued and appreciated her skill, commitment and wise counsel.
The experts are baffled and the media does their best to spin the bad news. The headline says payrolls rose by 71,000 but overall employment fell by 131,000, so the headline is only misleading you by 202,000. No big deal.jobs are created by small business... not the Emperor Obama
Companies in the U.S. added workers in July for a seventh straight month at a pace that suggests the labor-market recovery will be slow to take hold.
Private payrolls that exclude government agencies rose by 71,000, less than forecast, after a gain of 31,000 in June that was smaller than previously reported, Labor Department figures in Washington showed today. Economists projected a 90,000 rise in private jobs, according to the median estimate in a Bloomberg News survey. Overall employment fell 131,000 and the jobless rate held at 9.5 percent.
Spending seven trillion dollars on the Death Star does not create jobs. ...but you thought the WPA worked?
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