He said when he took office that we absolutely had to pass the stimulus bill, and if we did it would keep unemployment from going over 8%. You might have noticed, that since then unemployment has in fact never been under 8%. We have the weakest recovery in recent history, with a jobs report last Friday that said 400K people were so discouraged they gave up looking for a job.
> He said when he took office that we absolutely had to pass the stimulus bill, and if we did it would keep unemployment from going over 8%. You might have noticed, that since then unemployment has in fact never been under 8%. We have the weakest recovery in recent history, with a jobs report last Friday that said 400K people were so discouraged they gave up looking for a job.
George W Bush recklessly spent eight years enacting some of the most irresponsible and cruel policies in decades, and as a result, in combination with a general trend of banking deregulation over the past thirty years, more than tipped the scales to cause the second worst economic disaster in US history.
Obama takes office and within weeks manages to take enough steps to stem the brunt of this disaster, restoring the banking industry and the general health of the economy, pushing back at the damage done by 30 years of decline with a good five or six years of intense irresponsibility at the end. Unemployment stays a point or two higher than what everyone hoped, despite the fact that the opposition party has taken historically unprecedented steps (see http://voices.washingtonpost.com/ezra-klein/2010/12/breaking...) to unconditionally block any positive action the president might take, an unheard-of development that nobody anticipated.
Overall, if unemployment is your vector, the job creation records of George W Bush ("qualified") vs. Obama ("unqualified") could not be in more stark comparison: http://www.pensitoreview.com/2010/10/11/obama-created-863k-j... (Obama Has Created 863K Jobs in 2010, More Than Double Average Annual Creation under Bush)
This is your evidence that Obama is "unqualified", yet George W. Bush, largely responsible for the whole mess and virtually unopposed during his entire two terms is considered as "qualified".
Well they released a report saying that it would stay under 8% and this is the report they used to promote the bill. He may not have said in a public speech "this will keep it under 8%", but we're intelligent folks here, we can read between the lines.
He did very explicitly and repeatedly say it would save or create 3-4 million jobs. As the unemployment rate shot well above their predictions for even the not passing the bill case, I'm gonna go out on a limb and say they were wrong.
FTA- "THE FACTS: True as far as it goes, but the claim inflates Obama's record of private-sector job creation by ignoring huge losses early in his presidency.
By going back 27 months, Obama starts counting at the low point of employment for the private sector in February 2010 and tracks how far it has come. But counting farther back, since the end of the recession in June 2009, private-sector job gains have been much more modest, 3.1 million. That's a more meaningful measurement to economists.
Overall, the economy has lost 1.37 million jobs — 784,000 in the private sector — since Obama was inaugurated."
Right, we gained jobs from the low point, and we still have less jobs than when he became President. Color me unimpressed. The unemployment rate went from 7.2% straight to over 10%. I don't know what BS they come up with for "saved" jobs, but the stimulus was a failure from pretty much any possible viewpoint.