The CBO Projects The Deficit At The End Of Obama's First Term Will Be $1.253 Trillion, Obama's Fourth Straight Trillion Deficit. ("An Analysis Of The President's 2013 Budget," Congressional Budget Office, 3/16/12)
Obama Will Fall "Far Short Of His Goal To Halve The Deficit In Four Years." "President Obama's proposed 2013 budget will forecast a $901 billion deficit for next year, falling far short of his goal to halve the deficit in four years." (Richard Wolf, "Obama Budget To Miss Deficit Goal," USA Today's "The Oval," 2/10/12)
- Los Angeles Times : Obama "Offers No Real Solution To The United States' Long-Term Fiscal Problems." "The day after the Greek Parliament approved another round of deep spending cuts in the face of violent protests, President Obama released a budget proposal for the coming fiscal year that offers no real solution to the United States' long-term fiscal problems." (Editorial, "What About The U.S. Debt?" Los Angeles Times, 2/14/12)
- The Washington Post: "The Final Budget Of His First Term Does Not Reflect The Leadership On Issues Of Debt And Deficit That Mr. Obama Once Vowed." (Editorial, "Obama's Budget Falls Short, But It Beats Many Alternatives,"The Washington Post, 2/13/12)
- More Than Three Years Later, The Promised Jobs Are Nowhere To Be Found "Rising Layoffs, Falling Home Sales And Slowing Manufacturing Activity Are Sparking Fears That The Economic Recovery Is Headed For A Springtime Stall For The Third Year In A Row." (Ben Casselman and Nick Timiraos, "Economic Reports Fan Fears," The Wall Street Journal , 4/19/12)
- "'It's Been The Weakest Recovery In The Post-World War II Period, And That Hasn't Changed,' Said David Rosenberg, Chief Economist For Investment Firm Gluskin Sheff." (Ben Casselman and Nick Timiraos, "Economic Reports Fan Fears," The Wall Street Journal , 4/19/12)
Since President Obama Took Office, The Nation Has Lost 572,000 Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.1 Percent. (Bureau Of Labor Statistics, Accessed 5/4/12)The Unemployment Rate Has Remained Above Eight Percent For A Record 39 Straight Months. (Bureau Of Labor Statistics, Accessed 5/4/12)- Congressional Budget Office: Unemployment Has Remained Above Eight Percent For The Longest Stretch Since The Great Depression. "The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression."("Understanding And Responding To Persistently High Unemployment," Congressional Budget Office, 2/16/12)
"The Participation Rate, Which Indicates The Share Of Working-Age People In The Labor Force, Fell To 63.6 Percent, The Lowest Since December 1981, From 63.8 Percent." (Shobhana Chandra, "Payrolls In U.S. Rose 115,000 In April; Jobless Rate At 8.1%,"Bloomberg, 5/4/12)- The Number Of Workers Not In The Labor Force Reached An All-Time High Of 88,419,000. (Bureau Of Labor Statistics, Accessed 5/4/12)
The Washington Post 's Ezra Klein: "Unemployment Rate Down To 8.1%, But For The Wrong Reason: People Dropping Out Of Labor Force." (Ezra Klein, Twitter Feed, 5/4/12)
