Magazine August 1, 2011, Issue

The Week

Energy Secretary Steven Chu (Roman Genn)

• In all fairness, he promised he’d stop the seas from rising. He didn’t say anything about the debt ceiling.

• The June jobs report was a dark cloud with dark linings. Only 18,000 jobs were created, estimates for the previous two months were revised downward by 44,000, and the unemployment rate increased to 9.2 percent. The Obama administration, in response, will not adopt the Left’s call for another, bigger stimulus package. Nor will it free the labor market from mandates, let the housing market find its bottom, or call for the Fed to anchor monetary expectations by announcing a clear

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In all fairness, he promised he’d stop the seas from rising. He didn’t say anything about the debt ceiling.

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