Tax reform would bring the economy back to life

 

 

 

WASHINGTON — No single labor statistic speaks more loudly, or more painfully, than the announcement that the Obama economy created a puny 88,000 jobs last month.
Even more shocking was the Bureau of Labor Statistics report that 500,000 long-suffering Americans gave up looking for work and thus were no longer counted among the unemployed, falsely shrinking the jobless rate to 7.6 percent.
A stunned White House had little to say about it. Gene Sperling, assistant to the president for economic policy, blamed the minuscule numbers on the budget cuts, and by implication the Republicans, but could not bring himself to admit the dearth of new jobs was due to chronically weak economic growth under the president’s harmful policies.  Cont. Reading