The Obama Administration has failed to create jobs or fix the economy in the past year and a half. The Wall Street Journal covers the latest on this issue:
One year into the global recovery, the U.S. is lagging far behind other major economies in restoring jobs lost in the recession.
A Wall Street Journal analysis of employment trends in 11 countries suggests that manageable debt burdens and healthy banking systems—areas in which the U.S. doesn't excel—are proving to be crucial factors in creating jobs.
Brazil and Chile, neither of which suffered banking crises, have seen the strongest job growth since the beginning of the recession, according to data from the Organization for Economic Cooperation and Development and the International Labor Organization. In April, total employment in the two Latin American countries was up 4.5% and 6.8% from December 2007, respectively.