Americans need to know how the administration plans to reduce a 10.2 percent unemployment rate ”” a 26-year high and rising. They need to know how the government will foster hiring and help replace the eight million jobs eliminated so far in two years of recession. Economic growth alone cannot repair damage that severe.
First, President Obama must change the terms of the debate. When he announced the job meeting last month, Mr. Obama said he was determined to meet the “great challenge” of unemployment. In the next breath, he tried to dampen expectations, warning of the “limits to what government can do and should do.” He said he was open to “responsible” and “demonstrably good” ideas to create jobs. It would be tragic if that pre-empts bold ones.
Mr. Obama’s mixed message in the teeth of a crisis seems intended to appease Republicans and conservative Democrats who argue that federal budget deficits preclude more aid to combat rising unemployment. The argument is wrong, and giving it credence puts politics ahead of Americans’ needs.