Running Out Of Excuses

With Voters Not Buying “Hope And Change,” DNC Chair Debbie Wasserman Schultz Tries To Sell Some “It Could Have Been Worse”

 

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Rep. Debbie Wasserman Schultz: “Now two-and-a-half years later, we have turned the corner. We're no longer dropping like a rock. Now we are moving forward. We've had 18 straight months of job growth, added 2.4 million jobs to the private sector, month after month, passed the American Recovery and Reinvestment Act, saved the American automobile industry which every republican candidate for president would have let go down the tubes.”

Chairman Priebus: “It sounds like the new slogan is no longer ‘hope and change,’ it's, “hey, it could have been worse.” Great bumper sticker …” (CBS’ “Face The Nation,” 9/25/11)

PRESIDENT ZERO’S ECONOMIC POLICIES HAVE FALLEN
SHORT OF HIS LOFTY RHETORIC

Since President Obama’s $825 Billion Stimulus Bill Passed, The Nation Has Lost 1.7 Million Jobs And The Unemployment Rate Has Increased From 8.2 Percent To 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/25/11)

Despite Obama’s Advisors Predicting That The Stimulus Would Keep Unemployment Below Eight Percent, The Unemployment Rate Has Remained Above Eight Percent For A Record 31 Straight Months.(Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan," 1/9/09; Bureau Of Labor Statistics, BLS.gov, Accessed 9/25/11)

Since President Obama Took Office, The Nation Has Lost 2.4 Million Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/25/11)

• It Now Takes A Staggering 40.3 Weeks For An Unemployed Worker To Find A Job. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/25/11)

·        There Are 22.8 Million Americans That Are Unemployed Or Working Part-Time Due To Economic Reasons. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/25/11)

·         WASSERMAN SCHULTZ CLAIMS THAT THE PRESIDENT BROUGHT US BACK FROM THE BRINK OF DISASTER BUT WE REMAIN ON THE BRINK OF ANOTHER RECESSION

The Wall Street Journal Survey: Economists See A One In Three Chance Of Another U.S. Recession In Next Year. “Economists see a one in three chance the U.S. will slip into recession over the next twelve months and doubt any steps the Federal Reserve might take at its meeting next week can change that.” (Phil Izzo, “Economists Say That U.S. Recession Looks More Likely,” The Wall Street Journal, 9/16/11)

• “The Highest Odds For A New Downturn That The Economists In The The Wall Street Journal Survey Have Given Since The Start Of The Recovery.” “Those are the highest odds for a new downturn that the economists in the The Wall Street Journal survey have given since the start of the recovery—and up four percentage points from last month's poll.” (Phil Izzo, “Economists Say That U.S. Recession Looks More Likely,” The Wall Street Journal, 9/16/11)

Reuters Poll: Economists See A One In Three Chance The U.S. Could Enter Another Recession. “Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road blocks that could derail already weak growth, a Reuters poll showed on Wednesday.” (Leah Schnurr, “Chances Of Another Recession Increasing: Reuters Poll,” Reuters, 9/14/11)

• “‘The Economy Is Dangerously Close To Stall-Speed. There Is No Buffer, And Even A Moderate Shock Could Derail The Cycle,’ Said Aneta Markowska, Economist With Societe Generale.”(Leah Schnurr, “Chances Of Another Recession Increasing: Reuters Poll,” Reuters, 9/14/11)

In 2010, 2.6 Million More Americans Fell In To Poverty And The Number Of Americans Living In Poverty (46.2 Million) Reached The Highest Level On Record. “The nation's official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 - the third consecutive annual increase in the poverty rate. There were 46.2 million people in poverty in 2010, up from 43.6 million in 2009 - the fourth consecutive annual increase and the largest number in the 52 years for which poverty estimates have been published.” (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

• The Number Of People Who Didn’t Work At All Last Year Increased To 86.7 Million. “Trudi Renwick, the bureau's chief of the Poverty Statistics Branch, says ‘the single most important factor’ in the increase in poverty might be the increase in the number of people who did not work at all last year. She says the number of people over 16 who did not work at least one week increased from 83.3 million in 2009 to 86.7 million last year.” (Douglas Stanglin, “Census Bureau: U.S. Poverty Rises To 15.1%, Highest Since 1983,” USA Today, 9/13/11)

Pessimism About The Economy Worsens, With 61 Percent Of Americans Expecting Economic Conditions To Be Similar Or Worse In A Year. “Three in four Americans assess the U.S. economy as no better than a year ago, with 35% saying it is about the same and 42% saying it is worse. Looking ahead to a year from now, Americans remain largely pessimistic, with 61% expecting economic conditions to be similar to now, or worse.” (Jeffrey Jones, “In U.S., 6 In 10 Do Not Expect Economy To Improve Soon,” Gallup, 9/21/11)

·       “A Slight Majority Of Americans For The First Time Blame President Obama Either A Great Deal (24%) Or A Moderate Amount (29%) For The Nation's Economic Problems.” (Lydia Saad, “In U.S., Slight Majority Now Blame Obama For U.S. Economy,” Gallup, 9/21/11) Research: www.gop.com