Obama takes credit for a hopeful correlation
From the AP's Steven Hurst in the C-J...
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral...
Of course! They hope we'll confuse correlation with causation-- and they hope that things will continue to get better. But they also...
...braced out-of-work Americans for a slow recovery.
Nice move. First, it's likely given all the interventions and bone-headed policies. Second, it's smart to hedge bets politically.
The administration's line is that there's steady, if slow, progress in repairing the economic ruin that President Barack Obama repeatedly has blamed on his predecessor, Republican George W. Bush.
"Line"...yep! Barack, it's your recession. George kept it going-- and for some reason, you insist on continuing his policies and adding a few more kicks in the shorts.
Summers said Obama is preoccupied with creating jobs.
That's a bad sign-- and indicates he has not yet learned the lesson-- that he cannot create (net) jobs.