During his big economic address on Thursday, Obama repeatedly said that the economic problems we face today were “a decade in the making.”It's not like we need more reasons not to trust the man, but he keeps giving them to us.
But there is a problem with Obama’s logic. Over the last three-and-a-half years, the president and his administration have continually claimed that the stimulus was working and that a robust recovery was starting. If the legacy of the Bush administration policies was going to hinder the recovery so badly, why did Obama keep on predicting that things were going to get better soon...
Claims that the economy was on the verge of improving go back to the very beginning of the administration. Larry Summers, who then served as Obama’s chief economic adviser, promised on January 25, 2009, that the economy would start improving “within weeks” of the stimulus plan’s being passed. Indeed, Summers touted the “shovel ready” nature of the jobs program as being “timely, targeted, and temporary.” It was supposedly targeted at hiring unemployed workers quickly, within 90 days, and lasting until the private sector was able to get back on its feet.
In March 2009, just five weeks after passing the stimulus, President Obama perceived an upswing and started off a press conference by announcing: “We’re beginning to see signs of progress. . . . This plan’s already saved the jobs of teachers and police officers. It’s creating construction jobs to rebuild roads and bridges.”
Obama declared later, in May, that the massive spending program was “already seeing results” and had created or saved almost 150,000 jobs...
If Obama’s economic predictions had come true, he surely would have claimed the stimulus was a success. But with a bad economy, he acts as if he knew that Bush’s policies would keep the economy from growing. Why should anyone trust Obama when he can’t even admit that all these predictions were wrong?
Tuesday, June 19, 2012
The President Forgets That Some Of Us Pay Attention
I'm sure that pointing out these facts is somehow racist, but I'm going to do it anyway: