Time Is Running Out for Obama

Unless President Obama fixes what’s broken in the economy, he will be remembered for doing nothing other than blaming George Bush, argues economist Peter Morici. Last week’s jobs report was terrible for the eleventh month of a recovery, and rather than denying the lousy jobs report, President Obama should use it to justify tackling the trade deficit and shortage of capital with the same energy he condemns his Republican predecessor, whose policies he continues with fruitless talks with China and soft financial reforms.