With the Obama White House we get one excuse after another. Everything that ever goes wrong is always somebody else’s fault. So it’s no surprise that they’re blaming the sequester for the dismal economic numbers that were reported today.
“It is important to bear in mind that the March household and payroll surveys are the first monthly surveys to look at employment since the beginning of sequestration,” White House Council of Economic Advisers Chairman Alan B. Krueger explained in a statement this morning. “While the recovery was gaining traction before sequestration took effect, these arbitrary and unnecessary cuts to government services will be a headwind in the months to come, and will cut key investments in the Nation’s future competitiveness.”
Most economists disagree, and even the media is having a hard time spinning this the way the White House wants. But I’m sure they’ll find a way.