More on today's pathetic jobs numbers

That awful wretching you're seeing is the fantasyland white house desperately trying to do a victory dance over the economy when the jobs picture just dope-slapped them AGAIN. More on the worst economic performance by a president in over 70 years:

Remember that 96,000 jobs "created" isn't enough to even keep up with new entrants to the labor force. But the unemployment rate remained flat, which means something even worse -- people are so frustrated at the shortage of available jobs that they're not even looking anymore. This number is below Wall Street's rather dismal expectations. It's below the "average" of even the last three wretched months. Revising last month's number down is just another slap in the face. It's absolutely pathetic, and another devastating blow to Camp 1600.

Also remember this doesn't inlcude the increased numbers of layoffs businesses are announcing but plan to implement in the near future, according to Challenger, Gray & Christmas. It doesn't talk about the drop in consumer confidence we saw this morning. It doesn't include the nearly 12,000 layoffs announced yesterday at just 2 companies, AT&T and Bank of America.

Today at whitehouse.gov, CEA Chair Gregory "outsourcing is a good thing" Mankiw will be chatting live at noon. Go ahead and ask him a question, and let us know what you asked. Funny that fantasyland hasn't put out it's "the economy is strengthening" press release yet this morning. I guess they're wondering how they can get away with it.