Recovery Summer Part II: The Economic Nightmare Continues....

Private-sector job growth is anemic, new jobless claims are still well over 400,000, the unemployment numbers are grim, manufacturing has slowed to a crawl, home prices are falling again, the dollar keeps sinking, 44 million people are now on food stamps, layoffs continue, consumer confidence has hit the skids and the stock market lost 280 points Wednesday and 38 more yesterday.

And that was before the May employment figures were released: A mere 54,000 jobs created, with the unemployment rate ticking up to 9.1%.

(incidentally, here's some predictions from the experts moments before the report was released: On CNBC, Diane Swonk predicts 130k jobs, 9% U-rate. Mark Zandi predicts 100k, 9% U-rate...Paul Vigna at Dow Jones: 80K...Shira Ovide, our Deal Journal Maestro: 90K. In other words: nobody has a clue, and evern the worst pessimists were not pessemistic enough).

And where was President Obama as this disastrous week began? Just back from a European mini-vacation, he was out on the links again on Memorial Day, playing his 70th round of golf since he took office....

By the end of the day today (as the markets begin to tank), it's going to start to sink in to the American people that Obama's economic program, worse than failing to take us out of recession, has actually made the economy worse. Much worse. actually. It will become impossible for the Democrats to say they weren't given enough time, or enough money. They've burned through enough of both. And while the media will shill for the administration, expect their tune to fall flat - especially after a weekend where Americans will empty their wallets filling up on gas and shopping for groceries, as they drive past boarded-up small businesses and empty mini-malls...

And Obamacare - an economic doomsday device set on autopilot - hasn't even kicked in yet.

"This will set off the Doomsday device..."

Expect "Recovery Summer II" to be replaced at the box office by "The Summer of Discontent" pretty soon now. Might make the "town hall hells" of 2009 seem pretty tame in response...