Bad Day for O: Bill Clinton and Unemployment Sting

by Ryan on June 1, 2012

in Economy,Election 2012,Media,Politics

Anti-growth, over-regulated government engineering and fear-mongering doesn’t work in a free market system — it never has over the long-run.  Keeping the business community wondering what’s going to happen next also doesn’t help.

As such, unemployment rose to in May to 8.2%, with the U6 underemployment figure moving up to 14.8%, reinforcing that the economy’s stagnation lingers on.  On that news and more craziness in Europe, the Dow plunged nearly 275 points.

Adding insult to injury, however, was more than just the predictable piling-on Romney and the GOP did today — Bill Clinton entered the conversation.  Last night on CNN, Clinton joined the chorus of “centrist” Democrats who have scolded the President for taking on the capitalist system through Obama’s attacks on Romney’s former company, Bain Capital.  Clinton said:

I think [Romney] had a good business career.  There’s no question that in terms of getting up and going to the office and, you know, basically performing the essential functions of the office, the man who has been governor and had a sterling business career crosses the qualification threshold.

Ouch.  Remember, back in 2008 Clinton allegedly called Obama a “thug” who played the race-card against his wife in those contentious primaries.  Memories, in this case, are not fleeting.  While this intramural fight within the Democrat Party is fun to watch, the damage Obama continues to do to our economy must yield this November.

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