Thursday, February 11, 2010
The AP reports that, according to the White House's Economic Report of the President, not only has the economic stimulus bill saved or created 2 million jobs over the last year, but job growth in the U.S. is expected to average 95,000 per month this year.
Casting its first year as positive, the administration's 462-page report served as a summary of its logic and a pitch for Obama's future agenda.Yes, surely the American people - many millions of whom are unemployed, in foreclosure, or undergoing some other form of economic distress - are pleased to hear that the report really isn't about jobs ... it's about politics.
Recognizing voters were likely to hold Obama to account for the economy, the White House team cast blame on their predecessors and unpopular Wall Street bankers.
"I think there's just no way to understate how huge the economic challenges facing the country have been this past year," said Christina Romer, head the Council of Economic Advisers. "So everything obviously from the financial crisis, the terrible recession, but the longer-run problems — the stagnating middle-class incomes, soaring health care costs, the failure to invest in education, innovation, clean energy — we certainly inherited an economy with a number of economic problems."
It's not clear whether the it-didn't-break-on-my-watch message would resonate with voters. Republicans were quick to describe the document as propaganda masquerading as governing.