Donald Trump has reason to smile this morning.
The U.S. Labor Department reports that the private sector added 263,000 jobs in April; the unemployment rate fell to a 49-year low of 3.6 percent.
This is the same Labor Department that Trump once disparaged as cooking the books when Barack Obama was president, when the Obama administration was presiding over similarly stellar job increases monthly.
The other guy’s success was a fabrication, said Trump. Not now. It’s all real now that Trump is in the saddle.
Hey, that’s all fine. He was wrong then to criticize the Labor figures when President Obama was in office. He is right now to hail them. It’s good news, Mr. President. Just say how much you appreciate everyone’s hard work and get on with “making America great again.”
One more thing, Mr. President. You should stop monkeying around with trying to seat lackeys and sycophants on the Federal Reserve Board of Governors. Stop trying to coerce Fed Chairman Jerome Powell into doing your bidding. The Fed is an independent agency charged with helping managing the economy.
The job figures indicate to me that the Fed is doing a damn good job.
Leave the Fed alone, Mr. President!