President Obama Saves the Economy

Good news: The president has saved the economy! Happy days are here again!

Yes, the unemployment rate dropped to 10 percent — that's a 0.2 percent drop. And President Obama is giddy about the news. Here he was Friday in Pennsylvania talking about it:

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: So overall this the best jobs report we've seen since 2007.This is good news, just in time for the season of hope. I've got to admit, my chief economist Christy Romer got about four hugs when she issued report.

(END VIDEO CLIP)

It's hugs all around at the White House because only 11,000 people lost their jobs last month. That's wonderful.

The press excitedly reported on the unexpected gains and how they sparked optimism: Gold plummeted over $60 an ounce and the market was up 22 points. Yes, happy days are here again!

The president immediately went into "taking credit" mode, saying the stimulus saved or created a million jobs — again.

Now, where have I heard all of this before? Oh yeah, that's right: In July when the unemployment rate "unexpectedly" dropped from 9.5 percent to 9.4 percent and press secretary Gibbs said it was a sign the economy has "pulled back from the brink" and the "pace of job loss was declining."

And then unemployment shot up again.

That's why the president is hard at work at the jobs summit trying to solve this crisis and avoid a repeat. All the jobs experts are there: From the unions (like SEIU) and progressives from academia (like Paul Krugman).

Left off the list are those hate-mongers from the U.S. Chamber of Commerce, the National Federation of Independent Businesses and the National Association of Manufacturers, to name a few.

The White House guest list makes perfect sense when you look at who's the No. 1 creator of jobs in the United States: the government. No. 2 is health care — and government is currently trying to gobble that up too.

How about we turn to the real creator of jobs: small businesses? The ones with less than 100 employees and who create 70-80 percent of the jobs in America. Does the White House want to listen to them? Nah, that would make too much sense.

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