With thousands of young college graduates moving in with parents and returning Iraq War veterans facing long-term unemployment, President Obama is scrambling for cover.

Irresponsible spending, largesse for big banks and subsidies for a broken health care system have busted the budget and failed to create jobs.

Economists expect the Labor Department to report on Friday the economy lost another 80,000 jobs in August after shedding 131,000 jobs in July.

Completion of the Census accounts for most of the loss, but the report will demonstrate that rewarding Democratic Party academics with new high paying regulatory jobs and general hostility toward business is causing America's largest enterprises to head for China and small businesses to wither and die.

The...