Obama: Don’t Worry, We’re Going to Keep Losing Jobs!
Oh boy, I bet Obama is making Americans feel real happy with his stupid, ineffective, but incredibly expensive stimulus plan:
Obama: Hey, we’re going to keep losing jobs
No worries. It’s only because unemployment lags behind recovery or “stabilization” or whatever sunny euphemism he’s using now to spin the nightmare. It’s probably just a quirk of my online reading habits but I’ve stumbled across more pessimism about the economy today than I’ve seen since the stimulus passed in February, which makes me wonder if public confidence in The One’s blueprint is starting to deteriorate in earnest. Start with Mort Zuckerman’s harrowing op-ed about how things are much worse than they seem, with the possibility of sustained unemployment at 11 percent ahead. Then read Politico’s description of the “widespread disdain” it found when it surveyed economists from across the spectrum about Obama’s growth projections. Proceed to Time magazine, normally a reliable cheering section for Barry O, where the stimulus is now being pronounced an early failure. And cap it off with new poll numbers from Gallup showing a six-point downward swing on whether the economy’s getting better in just one month. The good news for Obama is that the early rosy projections will be forgiven once things really do start to turn around. The bad news is that blowing $787 billion on a non-fix won’t be.
The funny part? He isn’t even almost embarrassed.
Many – like yours truly – saw this coming months ago, of course, but it’s rather interesting to see that even left-wing outlets like Time are now turning on Obama’s economic policies. First they told Americans that his idiotic stimulus plan would help the economy recover in no time, now they call it “an early failure.”
Yeah, they’re really that hypocritical. At least Obama has principles: he stands solidly behind his silly plan, and may even propose a new, yet similar one in the months ahead.
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Obama promised too much regarding jobs. The stimulus is only one-tenth of the way there and unemployment always lags, but the predictions were far too optimistic, either knowingly or out of an incapacity of the numbers at the time to even suggest such an increase in unemployment.
The last time we had a far left politician in the White house.
• Carter: Interest rate, 21%. Inflation, 13.5%. Unemployment, 7%. The so-called “Misery Index,” which Carter used to great effect in his 1976 campaign to win election, 20.5%.
In comparison.
• Reagan’s last year: Interest rate, 9%. Inflation, 4.1%. Unemployment, 5.5%. Misery Index, 9.6%.
• Bush today: Interest rate, 8%. Inflation, 2.6%. Unemployment, 4.5%. Misery Index, 7.1%.
To be fair Jimmy Carter inherited a recession. As did Obama.
Oh wait….so did Reagan and So did Bush….hmmm.
Anyone ever bothered to notice that we have a recession about every 8 years but that this time the Recession was a CATASTROPHE and a CRISIS and the world would end if we didnt spend trillions to SAVE THE WORLD?
Doomed is correct about the recession every 8 years, except we didn’t have a president trying to push some crap universal healthcare plan down our throats rubbing salt in our already open wounds!