Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

You Call This a Recovery?
Alliance for Worker Freedom ^ | 2012-08-09 | Tom Fletcher

Posted on 08/14/2012 2:53:00 PM PDT by 92nina

The latest jobs report only serves as confirmation that the economy is in a stall, and that President Obama’s approach to revitalizing the economy has proven to be consistently wrong.

The latest job numbers provided no comfort to the administration as the unemployment rate remains above eight percent, and jobs continue to be added at a paltry rate. The White House reaction to the report was predictable and overused; “it is important not to read too much into any one monthly report.” Unemployment has only remained above eight percent since October 2008, but how significant could these reports be? Not much going by this President’s logic.

James Pethokoukis of the American Enterprise Institute recently wrote, “The Obama recovery isn’t worse than just the Reagan recovery, but also worse than the Teddy Roosevelt and Grover Cleveland recoveries.” A Heritage Foundation report concluded that “the economy cannot afford the prospects of nearly $500 billion in tax increases on middle class families, investors, and job creators that are scheduled for the beginning of the year.”

What’s perhaps most troubling about the President’s economic policy is his obsession with raising taxes and increasing spending while his Democratic colleagues in the House and Senate play games with Republicans hoping they get their way. Hardly the assured leadership the country is looking for in these economic times. When asked by a reporter, “To what extent does the 8.3 percent undermine the President’s argument, just three months until election day that he is moving the economy in the right direction, albeit not quickly enough? Jay Carney, Press Secretary, replied “the President makes clear every time he talks about the issue that we are not where we need to be.” Good to know Jay.


TOPICS: Business/Economy; Government; Politics; Reference
KEYWORDS: bh044; economy; obama; taxes
It's not a recovery if citizens drop out of the labor force and enroll on disability.
1 posted on 08/14/2012 2:53:11 PM PDT by 92nina
[ Post Reply | Private Reply | View Replies]

To: 92nina
You Call This a Recovery?

More a WRECKOVERY

2 posted on 08/14/2012 2:57:24 PM PDT by Roccus
[ Post Reply | Private Reply | To 1 | View Replies]

To: 92nina

works for me......


3 posted on 08/14/2012 3:08:04 PM PDT by brivette
[ Post Reply | Private Reply | To 1 | View Replies]

To: 92nina
Here's a litany of layoffs as per the World Socialist Website . (no friend of obama)

What recovery? indeed.

4 posted on 08/14/2012 3:30:10 PM PDT by Oatka (This is America. Assimilate or evaporate.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson