CHARLES GASPARINO: Steps In The Double-Talk Direction.

Our president has a funny way with words when it comes to describing the lousy economy. Even for an election year, some of his whoppers would be laughable — if they weren’t coming from a man who wants to remain in charge of the country and its floundering economy for another four years

Speaking after last Friday’s jobs report, President Obama said the economy is taking a “step in the right direction.” Really?

Economic growth as measured by gross domestic product is falling; it’s now less than 2 percent. The Friday report showed that 80,000 jobs were created last month, vs. 77,000 the month before. So, yes, there was an increase — but, earlier in the year, the economy created an average of 226,000 jobs a month. The trend line is actually falling — i.e., we’re headed in the wrong direction.

Hey, it’s still “change.”