The rage of the heat blowing in the direction of the White House this past Friday was so intense that in less than three hours from saying what has to be the most universally disconnected assertion in Presidential history President Obama was back at the microphone lapping up what he said like a dog at his own vomit.
He had no choice.
Never in the course of economic stagnation has a less-feeling, more callous, completely out-of-touch sentence been uttered.
"The private sector is doing fine."
In all of the debates that can be had over policy direction, administration priorities, whether or not the free market should be allowed to fail (and hence reinvent itself), or not (and hence keep the drag of economic growth going) one thing was known by both sides in the partisan ranks--the private sector is not fine.
America currently has the lowest participation in the employment pool of workers (by percentage) in over thirty years. Long after the 99 weeks of unemployment checks stopped coming, people have given up. The job market has dried up. Innovation has died a painful assassination, the bullet being fired into the head, by the administration's own war on the small business man or woman. [Cont. Reading]
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