GEORGE WILL: Give Carney the right to blame global cooling, or whatever it is, for the bad economy. It is hard to prevent the American people from creating wealth. It's an achievement to make the economy grow this slow. We have a continental market, an educated and industrious population, great research universities, wonderful capital markets, relaxed labor markets. It's hard to do this.



Now, we're in commencement season and kids are graduating, they're getting their diplomas and they are graduating into an economy where 40% of recent college graduates are either unemployed or are in jobs, according to our own government, that do not require college degrees. 44% of the jobs created since the recession -- ended 5 years ago this coming June -- are either in food services, retailing, or other low-wage, empty jobs.



This is a calamity and it's happening when we're in this revolution of energy, independence, and collapsing energy prices. It's an astonishing perverse achievement.