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The Washington Times Weekly - - Commentary -

y ev­ery eco­nomic mea­sure, we are bet­ter off now than we were when I took of­fice. You wouldn’t know it, but we are,” the pres­i­dent said Fri­day.

That’s right, the pres­i­dent — the pres­i­dent of the United States, mind you — says Amer­i­cans are bet­ter off, they just don’t know it.

That is the height to which the pres­i­dent has raised his level of men­dac­ity. He has the sheer au­dac­ity to tell Amer­i­cans that he has suc­cess­fully turned the econ­omy around, that things are all good, but that there are no real quan­tifi­able in­di­ca­tors by which they could ever know that.

In fact, Mr. Obama says Amer­i­cans have never had it so good.

“Over the past 51 months, our businesses have cre­ated 9.4 mil­lion new jobs,” he said at a feel-good stop in Min­nesota. “Our hous­ing mar­ket is re­bound­ing. Our auto in­dus­try is boom­ing. Our man­u­fac­tur­ing sec­tor is adding jobs for the first time since the 1990s. We’ve made our tax code fairer. We’ve cut our deficits by more than half. More than 8 mil­lion Amer­i­cans have signed up for pri­vate in­sur­ance plans through the Af­ford­able Care Act.”

Of course, as usual with the pres­i­dent, none of that is true. In 2007, there were 146.6 mil­lion Amer­i­cans em­ployed. Last month, there were 145.7 mil­lion people in the work­force. But it’s all worse than that. The la­bor force par­tic­i­pa­tion rate dropped more than 3 per­cent­age points, which equals nearly 8 mil­lion people. Now, just 62.8 per­cent of work­ing-age Amer­i­cans hold jobs, a dis­mal num­ber that’s the low­est in 35 years.

What’s more, Can­di­date Obama (is he ever any­thing else?) promised an un­em­ploy­ment rate of 5 per­cent as the im­pe­tus

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