The great experiment devised by the most brilliant mind ever to occupy the Oval Office, the massive expansion of government and the piling on of debt and regulations, is not working:
U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, raising concerns that the U.S. recovery is running out of steam.
Economists slashed their forecasts for Friday’s closely watched U.S. payrolls report after private-sector job growth tumbled to just 38,000, its lowest level in eight months.
Who could have imagined such a thing? Only those who lack gravitas, apparently.