THE TRUTH DRIBBLES OUT – AT 9:15 A.M. ET:  Despite the White House's perpetual campaign, with the president making one ridiculous claim after another, the truth about the economy, and other things, drips out like an intravenous feeding.  It's just as pleasant as well.  From Fox:

Despite a modest rise last month in employment, the White House on Sunday braced out-of-work Americans for a slow economic recovery.

Obama's chief economic adviser Lawrence Summers said on a pair of talk shows that a year after the passage of the stimulus bill, the U.S. economy still has "a long way to go."

Summers said pushing the unemployment rate down from its current 9.7 percent level won't be easy.

But wasn't that the purpose of the stimulus bill?

He said Obama was preoccupied with creating jobs. "The trend has turned, but to get back to the surface, we've got a long way to go," Summers said.

The economy added about 162,000 jobs in March, the most in nearly three years. A large percentage of the gains were temporary census workers hired by the federal government, and the unemployment rate held firm at 9.7 percent. The additional 123,000 private-sector jobs were the most since May 2007.

The economy is growing again, but at a pace unlikely to quickly replace the 8.4 million jobs erased in the recession that began in late 2007. More than 11 million people are drawing unemployment insurance benefits.

COMMENT:  Job growth depends on the ability of industry to hire people.  But industry is being hit with new taxes and Obamacare costs.  Not wise, not wise.  This administration has yet to contemplate the meaning of the term, "timing."

At the same time, a few people at the top, especially on Wall Street, are hauling in outrageous "bonuses," for work whose value is often hard to discern.  This is causing palpable anger throughout the country, and justifiably so.   The free-enterprise system, like all social mechanisms, has the capacity to destroy itself, and a small number of high-profile but irresponsible "players" (that's what they often call themselves) seem determined to do so.

April 5, 2010