Axelrod Calls for Patience on Economy

Posted April 5, 2009 at 8:53am

White House senior adviser David Axelrod on Sunday said it will be “a while— before the administration is able to turn around sagging job numbers. Axelrod, who appeared on “Fox News Sunday,— noted that jobs are a lagging indicator of the economy and that any reversal of the rising unemployment rate would not come until economic growth turns around.Axelrod asked for patience and pointed blame at the administration of former President George W. Bush, saying, “We inherited a terribly difficult situation.—Axelrod did not deny a report that the White House is working to allow some firms to avoid Congressionally mandated limits on lavish executive pay, suggesting that the administration needs to pacify some companies as part of its effort to enlist them in its bailout program. “We do need these financial companies [that are] not in great distress to help us lead us out of this,— he said.Axelrod bristled at a suggestion that the White House had wanted to run the auto industry. “We didn’t get into the car business,— he said, noting that the companies “came to us— for aid. Axelrod acknowledged that unionized autoworkers would also have to make sacrifices, but he asserted that it “shouldn’t be disproportionate.—In a separate appearance on CNN’s “State of the Union,— Axelrod struck back at former Vice President Dick Cheney, who has been critical of President Barack Obama’s anti-terror policies. Axelrod questioned why the Bush administration had failed to eradicate al-Qaida. “Why are they still in business?— he said.Axelrod contrasted Cheney with Bush, who has refrained from criticizing Obama. Bush has “behaved like a statesman,— Axelrod said.