Why the Economy is Getting Better on Paper More than in Reality

I can only assume that the following is satire from the President's "White House Correspondents Dinner Speech"...

Hi, everybody. My number one priority as President is doing whatever I can to create more jobs and opportunity for hardworking families. And yesterday, we learned that businesses added 273,000 jobs last month. All told, our businesses have now created 9.2 million new jobs over 50 consecutive months of job growth.

But we need to keep going — to create more good jobs, and give middle-class families a sense of security. And I want to work with Congress to do it.

But so far this year, Republicans in Congress have blocked or voted down every serious idea to create jobs and strengthen the middle class. They’ve said “no” to raising the minimum wage, “no” to equal pay for equal work, and “no” to restoring the unemployment insurance they let expire for more than two million Americans looking for a new job.

That’s not what we need right now. Not when there are still too many folks out of work and too many families working harder than ever just to get by.

That’s why, in my State of the Union Address, I said that in this Year of Action, whenever I can act on my own to create jobs and expand opportunity for more Americans, I will. And since January, I’ve taken more than 20 executive actions to do just that.

I acted to raise more workers’ wages by requiring that workers on new federal contracts earn a fair wage of at least $10.10 an hour — and as long as Republicans in Congress refuse to act, I’ll keep working with cities, states, and businesses to give more Americans a raise. I acted to encourage more pay transparency and strengthen enforcement of equal pay laws, so that more women have the tools they need to earn fair pay.

And I’m modernizing regulations to make sure that more Americans who work overtime get the pay that they’ve earned. I’ve launched new hubs to help attract more high-tech manufacturing jobs to America — and ordered a reform of job training programs to make sure more Americans can earn the skills that employers need right now. I’ve brought together business leaders to help us connect more classrooms to high-speed internet, and give more of the long-term unemployed a better shot at finding a job.

Each of these steps will make a difference. You can check out the full list at whitehouse.gov.

from IBD