President Obama recently made news by announcing that the building of a mosque on private property in lower Manhattan is an exercise in freedom of religion. Apparently the fact that the private property is within only about 600 feet of 9/11’s Ground Zero took a while to enter the President’s consciousness, because it took him a day to walk back his remarks somewhat. If he’d thought of it sooner, he might not have generated such a backlash that even New York Democrats have clammed right up when asked for reaction, and his own administration has disavowed his remarks. Through it all, the President keeps missing why this controversy isn’t dying down.
The Bureau of Labor Statistics has released its June unemployment figures: the jobless rate fell from 9.7% to 9.5% for the month of June. Good news, right? Well, no. Joblessness went down because 652,000 people simply gave up looking for work, and thus weren’t counted in the labor pool. If these people were still among those still actively job-searching, the unemployment rate would have shot up to 10.1%.
The U.S. Commerce Department released the following statistic this week: new-home sales plummeted by a staggering 33% during the month of May, resulting in the slowest new-home market in 46 years. Why did the housing market vanish? Why else: an attempt by the government to manipulate the private sector, and to create a veneer of prosperity. The worst part? President Obama, John Hall, and other Democrats ignored an object lesson from less than a year ago in why this was bound to happen.
The Business Roundtable, a longtime Obama Administration ally, finally announced today what many voters have known for months: President Obama and Nancy Pelosi are creating an “increasingly hostile environment for investment and job creation” that will “harm our ability…to grow private-sector jobs in the US.”
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