In his recent batch of new election campaign ads, the more positive ad had George W. Bush talking about how good things are:

“And as the economy grows, the job base grows, and somebody who is looking for work will be more likely to find a job … I know what we need to do to continue economic growth so people can find work.”

And just a few days later, the new job numbers for February are out. With 150,000 jobs needed to just break even, with 200,000 to 300,000 net jobs gained every month seen as needed to truly break out of the recession, and with economists having averaged in their predictions that we would get 130,000 jobs in February… a grand total of 21,000 jobs were created that month. Relative to growth caused just by young people entering the work force, that’s a net loss. It is below any economist’s projections… and it gets worse: it turns out that January’s numbers, among the highest in a long time, weren’t as good as we thought. Instead of gaining 112,000 that month, we actually gained about 97,000, or 15,000 fewer than reported.

What’s more, factories, construction, and manufacturing industries lost jobs, while the greatest gains were in temp jobs, which have few if any benefits and are far less desirable jobs.

But look at the bright side: it’s all Clinton’s fault.