Never were truer words spoken. At yesterday’s press briefing, White House spokesman Jay Carney admitted: “The White House does not create jobs.” As the Examiner’s senior political columnist Timothy P. Carney (no relation) later noted, conservatives should greet this statement as “a true and long-awaited admission of government’s limits.” Despite the now-admitted fact that the President does not create jobs, President Obama continues to manipulate the economy from the West Wing, offering “stimulus” here, threatening higher taxes there, and picking and choosing which industry can thrive and which cannot under …
The Bureau of Labor Statistics reported this morning that employers added 117,000 jobs in July, up from June’s dismal 18,000 but still below the number needed to keep pace with population growth. The unemployment rate also fell 0.1 percent to 9.1 percent. Get complete analysis from Heritage’s Rea Hederman and James Sherk, who produce a monthly jobs and employment report. All eyes will again be on Wall Street today. After the Dow Jones Industrial Average lost more than 500 points yesterday, the world eagerly awaits reaction to today’s jobs report. …
Americans have long viewed the Dow Jones as an index of measure when it came to the general economy. While it is by no means a perfect measure of the economy, it sits in its own highlighted box on all of the major news channels for a reason. Because Americans assess our economic strength by this average, it may be telling to see how it performs in certain situations. Earlier this week in The Hill, Dick Morris said of President Obama: President Obama, in his pursuit of liberal big-government spending, has …
