Beltway commentary on the jobs report is thus far even more distressing than expected. The talking heads and autopilot pens are emphasizing the staggeringly obvious--in June, jobs creation was tepid--while somehow neglecting the even more obvious and, above all, the thunderingly relevant: that this Republican-dominated Congress has hobbled, handcuffed and shackled the president on jobs creation. So what in God's name did we expect?
This morning I have both read and heard in countless media venues that, and I quote, What President Obama is doing isn't working. Doing what? What can he do? Dissolve parliament, declare a benevolent dictatorship and then rummage the public treasury for his American Jobs Act?
This jobs report is a political problem--not a symptom of failed, Obamian economics. His economics "work" just fine; it's his anti-recovery opponents in Congress who are in critical need of a wholesale public heaving.
That's the story--and for the conventionally wise ones to cover the economics of these economics rather than the politics of these economics is just plain, journalistic malpractice.