The Message Washington Needs to Hear Right Now: STOP!

President Joe Biden delivers remarks on the April jobs report from the East Room of the White House, May 7, 2021. (Jonathan Ernst/Reuters)
The disastrous jobs report is a flashing red warning for President Biden’s check-writing spree.

NRPLUS MEMBER ARTICLE T he lesson of today’s jobs report is that President Biden should be spending less time fantasizing about becoming Franklin Roosevelt, and more time trying to avoid becoming Herbert Hoover.

It all happened so fast. At 8 a.m., CNN was echoing the likes of Warren Buffett, Larry Summers, and Janet Yellen in sounding the alarm about inflation. By 8.30 a.m., it had broken away to report the news that the April jobs report was an unmitigated disaster. The consensus had been that the data would show a million new jobs; the real number was less than a quarter of that. That, Axios noted,

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