Thursday, October 6, 2011

Taking Off The Rose Colored Glasses
Obama Admits What Anyone Can See: After The Largest Stimulus In History, America Remains On The Brink Of A Recession

Rose Colored Glasses


Gone Are The Days Of Obama’s Optimistic Rhetoric On The Economy
February 2009 – President Obama At The Signing Of The Stimulus That “Today Does Mark The Beginning Of The End – The Beginning Of What We Need To Do To Create Jobs For Americans.” (President Barack Obama, “Remarks By The President And Vice President At Signing Of The American Recovery And Reinvestment Act,” Denver, CO, 2/17/09)
August 2009 – President Obama: While we've rescued our economy from catastrophe, we've also begun to build a new foundation for growth.” (“Obama Cautious Despite Unemployment Cheer,” Reuters, 8/7/09)
January 2010 – President Obama: “Because of the steps we've taken, now the markets have stabilized. The economy is growing again. The worst of the storm has passed.” (President Barack Obama, Remarks at a Town Hall Meeting and a Question-and-Session, Tampa, Florida, 1/28/10)
February 2010 – President Obama: “Because we took bold and swift and coordinated action, we can stand here today and say we averted another depression. We broke the back of the recession. The economy is growing again.” (President Barack Obama, Remarks At A Democratic National Committee Fundraiser, 2/4/10)
November 2010 – President Obama: We are moving in the right direction. We learned that the economy—[applause]—we learned today that the economy is growing at a faster pace than we previously thought. That's welcome news. But we're going to keep on making it grow faster. We're going to keep on creating more jobs.” (President Barack Obama, Remarks at the Chrysler Indiana Transmission Plant II, Kokomo, IN, 11/23/10)
OBAMA IS DEMANDING ANOTHER STIMULUS DESPITE HIS FIRST STIMULUS FAILING TO DELIVER THE JOBS HE PROMISED
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 10/3/11)
· Since The First $825 BillionStimulus Was Passed, The Nation Has Lost 1.7 Million Jobs And The Unemployment Rate Has Remained Over 8 Percent For A Post-WWII Record 31 Straight Months.(Bureau Of Labor Statistics, BLS.gov, Accessed 10/03/11)

Unemployment Next Year Could Remain Higher Than 8 Percent Meaning No Job Growth After “The Biggest Stimulus Package In The History Of The World.” “The (Jim VandeHei and Mike Allen, “Obama’s Big Drags,” Politico, 8/4/11)
The CBO’s Latest Estimates For Future Unemployment Have Worsened Since January, Due To “Weaker Economic Activity Expected For The Next Several Years.” The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)
  • CBO Projects Unemployment Rate To Remain Above Eight Percent Until 2014. (Seung Min Kim, “CBO Warns Of ‘Profound’ Challenges,” Politico, 8/24/11)
  • Obama’s OMB Says That Growth Has “Not Been Strong Enough To Bring Down The Unemployment Rate To An Acceptable Level.” “In sum, economic growth and job creation, while positive, have not been strong enough to bring down the unemployment rate to an acceptable level.” (“Fiscal Year 2012 Mid-Session Review,” Office Of Management And Budget, 9/1/11)
  • ALL OBAMA HAS TO OFFER IS MORE OF THE SAME FAILED POLICIES THAT GOT US WHERE WE ARE NOW
    Sen. Manchin (D-WV): “It's Just Common Sense To Me. If Some Of The Recommendations That Are Out There Hadn't Worked In The Past, Why Would We Do Them Over Again?” (Joselyn King, “Manchin Sees ‘Ugly’ In Obama Jobs Bill,” The Intelligencer, 9/17/11)
    The Denver Post: “Previous Stimulus Spending Efforts Totaling Nearly $1 Trillion Did Little To Slow The Economic Slide (Editorial, “Second Stimulus Isn’t In The Cards,” The Denver Post, 8/19/11)
    • The Denver Post: “The Nation Simply Can’t Afford” Another Large Stimulus Program. (Editorial, “Second Stimulus Isn’t In The Cards,” The Denver Post, 8/19/11)
    New Hampshire Union Leader: Obama’s Strategy Was “Tried In The First Stimulus Bill. And Yet Our Unemployment Rate Remains Above 9 Percent.” (Editorial, “Stimulus Jr.: Obama Tries Again,” New Hampshire Union Leader, 9/11/11)
    The Nashua Telegraph: “It’s A Tough Sell For President Barack Obama As He Campaigns To Rouse Public Support For His American Jobs Act, When Three Years Into His Administration The Best He Can Say About His Handling Of The Economy Is That It Could Be Worse.” (Editorial, “Few Fresh Ideas In Obama Jobs Bill,” The Nashua Telegraph, 9/18/11)
    The Nashua Telegraph: “Nearly Two Years Later, With The Rate Stuck At Above 9 Percent And No Sign Of Improvement, The President’s Response Is To Simply offer More Of The Same.” (Editorial, “Few Fresh Ideas In Obama Jobs Bill,” The Nashua Telegraph