According to data from the U.S. Bureau of Labor Statistics, the U.S. shed 2.3 million
jobssince February 2009, Obama’s first full month in office. Going back to World War II, that is by far the worst record for any president in his first 17 months, outpacing the job destruction experienced in the early Bush years by more than 800,000 jobs.
Sure, you can blame the first few months of that period on lame-duck President Bush. But perhaps companies accelerated their shedding of jobs because they were bracing for higher tax rates, increased union power and costly environmental taxes under Obama.
Other measurements are only slightly kinder to Obama. The two-percentage-point increase in
unemploymentrate during his presidency, to 9.7 percent from 7.7 percent, is the third-worst since World War II. Dwight Eisenhower and Gerald Ford saw bigger increases.
GDP growth under Obama, an abysmal 3 percentage points so far, is the fourth-worst in the postwar period. Eisenhower, Ford and Ronald Reagan all began their terms with worse GDP growth.
I'm sure the left are thinking of a way to spin this new data about how bad this president really is. But let me see if I can predict what their response might be. It's all Bush's fault, Bush gave Obama this recession or maybe it's the racist teabaggers that railroaded the economy with their rallies of violence. Now didn't Bush get a recession and 9/11? Why was it his actions brought us out of the recession,the war on terrorism(he kept us safe after that,thank you) and he did it with a Congress that was against him in the last two years of his term? Why is it that everything the conservatives in the Tea Party said would be the effect from the Democrats actions came true down to a T? Are conservatives just that flipping lucky? Crap just look at what the Tea Party said would happen with the Stimulus bill,GM and Chrysler bankruptcy/bailout,obamacare, you name it the Tea Party conservatives have been spot on. Well the Obama admin is made up of academics and you know what they say about those that can do and those that can't teach? It looks like this old saying is as true now as it was then. Too bad they weren't teaching common sense instead of Rules For Radicals. You have too be pritty bad to not make an economy recover. Every recession we have had has recovered, so the odds were in their favor and yet they were wrong with all their actions. Good luck my Democratic friends, you will need it as more and more of the data comes to light. And once the "hope" is gone and the Obama zombies wake up and see what is left we will see which side is violent. I'm still waiting for the dangerous Tea Parties that the Democrats said were coming. How could any party be wrong so often? Just a side note to the liberals out there. You do know that Obama will keep these wars going as long as unemployment stays high don't ya? He doesn't want to add to the unemployment by ending the wars and bringing back all those soldiers just to add to the unemployment.
Thursday, July 1, 2010
Via RealClearPolitics comes this data on the performance of our Democratic President, Barack Obama: