Obama economy: “Hardest times in a lifetime”

Are you better off now than you were two years ago?

Timmy Tax Cheat Geithner…..

…..tells NBC’s “Meet the Press” on Sunday that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Well,  thank you, Barack Obama.  For nothing.

Senator Barack Obama, in 2006, said the following:

“The fact that we’re here today to debate raising America’s debt limit is a sign — is a sign of leadership failure.  Leadership means the buck stops here.  Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.  America has a debt problem and a failure of leadership.  Americans deserve better.  I therefore intend to oppose the effort to increase America’s debt  limit.” …..Barack Obama

In November of 2008 unemployment under Bush was 6.5 a 14 year high at the time:

U.S. unemployment rates under President Bush have reached a 14-year high. According to the Bureau of Labor Statistics, unemployment climbed to 6.5 percent in October, as the country shed 240,000 jobs. U.S. unemployment rates under President Bush have certainly increased–for example, the unemployment rate for October 2007 was 4.7 percent.

Unemployment for June, 2011 – 9.2 percent.

In November, 2008, president-elect Obama said:

In a Chicago press conference Nov. 7, the same day the unemployment data were released, Obama acknowledged the job losses and their toll on the workforce, noting, “we’re going to have to act swiftly to resolve it.” He went on to say that until Jan. 20, the Bush administration is in charge, but, “Immediately after I become president, I’m going to confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hardworking families, and restore growth and prosperity.”

Today, July, 2011, under Obama, unemployment is at 9.2 percent.

Rewind to beginning: 

Timmy Tax Cheat Geithner…..

…..tells NBC’s “Meet the Press” on Sunday (July 10, 2011) that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Well, thank you, Barack Obama.  For nothing.

Unemployment numbers: 

2005 – 5.1 (Bush)

2006  – 4.6 (Bush)

2007 – 4.6 (Bush)

2008 – 5.8 (Bush)

2009 – 9.3 (Obama)

2010 – 9.6 (Obama)

June, 2011 – 9.2 (Obama)

http://www.bls.gov/cps/prev_yrs.htm

Posted:  07.11.11 @4:49 a.m.

1 Comment

Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized

One response to “Obama economy: “Hardest times in a lifetime”

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