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June 17, 2011
Happy Birthday
“
Recovery Summer
”
One Year Later, Obama’s Recovery Remains
AFailure While Economists Are Delivering A GrimPrognosis For The Future
______________________________________________________________________
FLASHBACK: One Year Ago:
“The Administration today kicks off ‘Recovery Summer,’ a six
-week-long focuson the surge in Recovery Act infrastructure projects that will be underway across the country in the comingmonths - and the jobs they'll create well int
o the fall and through the end of the year.”
(Press Secretary Robert Gibbs,
Less Than Three Months
Later: “Let’s See, What Happened This Summer? Easy Question.
TheRecovery Went Missing
.”
(Bill Bonner, “The Summer The Recovery Went Missing,”
The Christian Science Monitor
’s
“The Dail
y
Reckoning”
ONE YEAR LATER, THE RECOVERY IS STILL MISSING AND SO IS THE PRESIDENT’S
LEADERSHIP ON THE ECONOMY
Since The Sta
rt Of Obama’s Recovery Summer
, The Average Length Of Unemployment Has IncreasedFrom 34.8 Weeks To A Record 39.7 Weeks.
The Unemployment Rate Has Remained Above 8 Percent For A Record 28 Straight Months And 13.9Million Americans Remain Out Of Work.
,Accessed 6/16/11)
6.2 Million Are Working Part-Time Jobs Due To Economic Reasons
.
In The One Year Since, The Average Price Of Regular Gasoline Has Increased From $2.74 A Gallon To$3.71 A Gallon.
In The One Year Since, There Have Been Over 2.8 Million Foreclosure Filings, One For Every 45Housing Units.
(RealtyTrac,RealtyTrac.com,Accessed 6/16/11)
And Ame
ricans Overwhelmingly Feel We’re Headed In The Wrong Direction
NBC/WSJ Poll:54 Percent Of Americans Disapprove Of Obama’s Handling Of The Economy.
NBC/WSJ Poll: 62 Percent Of Americans Think The Country Is On The Wrong Track
.
NBC/WSJ Poll: Only 29 Percent Of Americans Think We’re Heading In The Right Direction.
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Happy Birthday "Recovery Summer"
One Year Later, Obama’s Recovery Remains A Failure While Economists Are Delivering A Grim Prognosis For The Future
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