Ira Stoll: Unhappy Labor Day, Obamacare Edition



When the Bureau of Labor Statistics releases the unemployment number for the month of August this Friday, even an improvement in last month's 7.4 percent seasonally adjusted rate will leave the number higher than it was during any month of the George W. Bush presidency. Why are things so bad? As Ira Stoll explains, a good part of the blame deserves to fall squarely on President Barack Obama's signature legislative achievement, the Patient Protection and Affordable Care Act.