O’s Unemployment Insurance
Even the Washington Post is acknowledging that Sleek Barry is engaging in the “presidential ritual” of setting the economic bar low at the outset of a new administration.
Now, a gift from direct from the political gods: a loss of nearly 525,000 jobs pushing the unemployment rate to 7.2 percent. Ed Morrissey at Hot Air helpfully points out that even this elevated rate is still lower than the average rate from 1975 to 1986. Nevertheless, many will see the jump as justifying the Prezelect’s dramatic claim yesterday that “(f)or every day we wait or point fingers or drag our feet, more Americans will lose their jobs.”
Wait or point fingers or drag our feet for what? For the the American Recovery and Reinvestment Plan, now known affectionately as ARRP. I guess Barry O’s communications team decided he needed another acronym to rhyme with TARP. (I have an even better better acronym in mind: imagine the Community Recovery and Advancement Plan.)
In any event, The One now has the “unemployment insurance” he needs to make certain of the panicked, bipartisan political support it will take to pass his $1 trillion excellent adventure.
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