ABC's Jake Tapper shreds Jay Carney on President Obama's abysmal jobs record and inattention to the unfolding economic catastrophe

Where is the President amidst the stock market meltdown and the worsening employment situation?

CARNEY: ...we believe that growth and job creation will continue.

TAPPER: Well, what is the president doing? We know that he went to a -- -- he went to fundraisers last night. What's he doing today?

CARNEY: Jake, that is --

TAPPER: What is he doing --

CARNEY: The president -- as the president has worked --

TAPPER: We hear him hectoring Congress about all the stuff that needs to be done to help create jobs --

CARNEY: That's right. And Congress --

TAPPER: -- and then he flew off to Chicago. What is he doing today?

CARNEY: The president is having meetings with his senior staff. The president has called on Congress to move quickly on things that have bipartisan support and are in Congress's lap, the trade --

TAPPER: The same stuff he was doing a couple months ago, calling on Congress to pass things.

Jake, Jake, Jake: the President is busy. He's busy playing golf, shooting hoops and fundraising. Not necessarily in that order.

He can't be expected to divert his attention from the daunting task of raising the $1 billion in propaganda money he'll need for the 2012 election.