The weakest, most anemic economic recovery in America since World War 11 continues to sputter and stall despite—or because of—expenditure of massive amounts of taxpayer money as wrong-minded “stimulus” initiatives pursued by the Obama administration.
As reported at the reference:
U.S. payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.The numbers are actually quite worse when one considers the number of Americans whom are underemployed or whom have stopped looking for work.
Employers added 120,000 jobs last month, the Labor Department said on Friday, the smallest since October.
The slowdown in employment growth last month likely reflected the fading boost from unseasonably warm winter weather. It supported the caution on the labor market from Chairman Ben Bernanke last week.
The White house responded to the report Friday, saying the U.S. economy is continuing to recover, but still has a long way to go.
"What we are seeing in the economy right now is that we are making progress, but we still have a long way to go," White House economic adviser Gene Sperling said.”
Thus, continues the Obama RINO—Recovery In Name Only!