The U.S. Economy - Obama Made It Worse

Recent Economic Indicators, including the June 3rd monthly jobs report showing weak job growth and a still rising unemployment rate, seem to confirm that Obama's (and Bernanke's / Geithner's) economic policies (stimulus, obamacare, energy, jobs, taxes, regulation, etc.) are not working while plunging the nation into crushing debt that likely can never be repaid.

This weekend there are a slew of well reasoned articles on the topic, the general theme being

"Obama has made things worse".

It can be pointed out that Obama did inherit serious problems. He inherited financial collapse, deficits and debt. He inherited a broken political culture. These things weren't his fault. They were the fault of many parties, both political parties and greedy financiers. But through his decisions and ideology, he made them all worse.

To compound matters, he stubbornly refuses to recognize that he is off course, as he continues to advocate for reckless deficit spending, massive government programs and the like.

So, without further ado, ...

http://www.zerohedge.com/article/us-jobs-crisis-here-stay

http://sroblog.com/2011/06/02/peggy-noonan-obama-and-the-debt-crisis-wsj-com/

http://www.nypost.com/p/news/opinion/editorials/ugly_economy_lfbduyOZWHUqx4UIP9ywcM

http://www.nypost.com/p/news/business/wrong_again_bam_9vbcSQCQthGRpJNdC08CPL

http://www.freerepublic.com/focus/f-news/2730215/posts

Good point about why the job market sucks

Via Pension Pulse.

John Talton of the Seatle Times reports, Why the US is in a jobs crisis:

The real crisis behind the jobs crisis in the US and pretty much the rest of the developed world is the leadership crisis. Politicians and policymakers are spewing the same old ideas. Liberals want to increase deficit spending while conservatives want to decrease taxes and cut spending. Same old, same old. There is nothing new in these policies based on ideology. Nobody has the courage to take on interest groups and admit that there is a fundamental problem with the current trajectory.