The economy: Obama's illusion
President Obama visits Pittsburgh today. He's said to be attempting to shore up his Western Pennsylvania base by touting his economic policy achievements.
Lots of luck with that one, Mr. President.
The June jobs report isn't expected to be anything to write home about, let alone stand on the stump with. And last month's aggregate manufacturing numbers show national factory activity is constricting and not far from suggesting another recession.
Unemployment remains stubbornly above 8 percent.
Investors, bracing for one of the largest tax hikes in history come January, are said to be sitting on their cash. (And for that, they are derided by those who seek to conscript ever more from the private sector to yet again cover government profligacy.)
Yet Obama will spin yarns and tell tales tall that blame everything and everyone rather than his administration's interventionist policies that, as was the case with the Great Depression, have perverted the rule of law and retarded recovery from the Great Recession.
Pay no attention to that sobering bolus of reality behind the curtain. Or as the late novelist Saul Bellow once put it, “A great deal of intelligence can be invested in ignorance when the need for illusion is deep.”
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Obama’s Cuba deal: More appeasement
- The Thursday wrap
- Pension reform should not be linked to a natural gas extraction tax
- An NLRB ambush
- The gift
- Season of giving: A deserving recipient
- The Uber downside: Tracking matters
- The airbag scandal: Total recall
- Election 2015: Local leaders needed
- Alle-Kiski Laurels & Lances
- Easy-money mortgages: Not worth the risk