Ouch, but true. Why the President can't figure this out is beyond me:
Removing the obstacles to economic growth - The Washington Post: Our country is facing two related but separate crises. The first is the federal government’s debt crisis, the result of decades of fiscal mismanagement by both political parties as well as unsustainable entitlement commitments. The second is the jobs crisis, which has resulted in painful levels of unemployment and underemployment. President Obama is wrong to think that the answer is to increase spending or raise taxes when so many millions of Americans are out of work.
In fact, the Obama administration’s anti-business, hyper-regulatory, pro-tax agenda has fueled economic uncertainty and sent the message from the administration that “we want to make it harder to create jobs.”