In his speech the day before the federal government reported U.S. job growth was 248,000 in September, President Obama painted a picture that made the current state of the American economy look like the grand fireworks finale on the Fourth of July — everything simultaneously and beautifully exploding to more dazzling and far-reaching levels.
“Unemployment down, jobs up,” Mr. Obama asserted. “Manufacturing growing. Deficits cut by more than half. High School graduation up. College enrollment up. Energy production up.”
Obamanomics, allegedly batting a thousand — everything that should be up was up and everything that should be down was down.
“By every economic measure, we are better off now than we were when I took office,” declared Mr. Obama.
Well, not exactly “every economic measure.” Some things went up during President Obama’s White House years that weren’t included on his checklist of successes.