Obama on the Dismal Jobs Situation

Here is President Obama Friday morning remarking on the dismal June unemployment numbers and its bogus connection to the budget and debt-ceiling talks:

The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and hire and will provide more confidence to the rest of the world as well, so that they are committed to investing in America.

Say what? To believe this, you would have to believe that America’s entrepreneurs are holding back investing in new projects and jobs, as they await progress on the ten-year budget. There is no economic theory that can justify such a belief.

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