Simply bad luck ...

[LWW]

http://images.icanhascheezburger.com/completestore/2008/12/18/128741252574364453.jpg
<span style='font-family: Comic Sans MS'><span style='font-size: 23pt'>IT'S NOT BARRY'S FAULT!</span></span> (http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/obama-i-reversed-recession-until-bad-luck-hit)

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Imam Hussein Obama</div><div class="ubbcode-body"><span style='font-size: 11pt'>"We had reversed the recession, avoided a depression, gotten the economy moving again. But over the last six months we've had a run of bad luck."</span> </div></div>

[llotter]

There is some (accidental) truth to The Moron's position. Although it has become accepted more recently that it is the federal government's responsibility to 'control' the economy, including employment levels, that is not within its constitutional functions. Our national government was designed to protect our liberty, not provide cradle to grave security as Marx envisioned. If we simply unleashed the miracle of freedom, we would balance the budget, stimulate the economy through the individual efforts of all three hundred million citizens and become once again, the Shining City on the Hill.

[Soflasnapper]

Although it has become accepted more recently that it is the federal government's responsibility to 'control' the economy, including employment levels, that is not within its constitutional functions.

Correct, although it IS within the statutory role of the Federal Reserve, according to the duly passed and still in law 'Humphrey-Hawkins Full Employment Act.'

Since it is part of the existing law, it falls within the Congress' purview to monitor whether the law is being complied with. Note, not the president's purview, the Congress' purview, as the statute is not a criminal law with stated penalties or sanctions if it is not obeyed-- in which case, it would become the responsibility of the POTUS to see that the AG enforced it.