White House economist Alan Krueger said this morning on CNBC that today's jobs report doesn't change the president's economic policy:
"Dr. Krueger," Jim Cramer asked, "is there anything that just happens today--the president comes out, says, listen, we got together right now with Republican, we go to do something. This is a really bad number. Is there anything that just changes today?"
"No, I think that today's report doesn't change the economic strategy we should be pursuing," said Krueger. "We've known all along we face a big challenge in terms of job creation and so many jobs were lost because of the financial crisis. We need to pursue the kinds of things that have created jobs in the past."