September 6, 2011

Earth To Debbie
Obamas DNC Chair Once Again Proves She Is Willing To Say Anything To Protect The Presidents Job
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Click To Watch Rep. Debbie Wasserman Schultz: So, Every Economist You Would Talk To That Is Worth Their Salt Acknowledges That Without The Recovery Act We Would Not Be Continuing On The Upswing. (MSNBCs Morning Joe, 9/6/11) DESPITE ADDING ZERO JOBS LAST MONTH, REP. DEBBIE WASSERMAN SCHULTZ INSISTS THAT THE ECONOMY IS IN AN UPSWING AND THE STIMULUS WORKED
Liberal Economist And Obama Supporter Jeffery Sachs Said That The Stimulus Failed. So were almost three years into this administration and theres never been a plan and thats what everybody feels. The president didnt lead. He waited. The quintessential image sadly of the administration that I supported and hoped for much better is the president waiting by the phone to hear what Congress calls
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to tell him. It doesnt work in this country that way, its not a matter that its August, its a matter that its August 2011. So weve been drifting for a very long time and weve been drifting down now. And we had a short term plan that failed. A short term stimulus that was supposed to get the economy back on track but it failed. (MSNBCs Morning Joe, 8/19/11) To Richard Wolffe, Obama Admitted That The Enormous Sums Of Money In The Stimulus Had Fallen Short. Yet he also admitted that the enormous sums of money had fallen short. If were honest, part of the controversy also is that despite the extraordinary work that has been done through the Recovery Act, millions of Americans are still without jobs. Millions more are struggling to make ends meet. So it doesnt yet feel like much of a recovery. And I understand that. Its why were going to continue to do everything in our power to turn this economy around. (Richard Wolffe, Revival: The Struggle For Survival
Inside The Obama White House, 2010, p. 155)

FactCheck.org: Its Accurate To Say The Stimulus Has Failed To Live Up To Initial Expectations. CBO's high estimate is still short of the 3.5 million jobs that Obama had said would be created by the end of 2010, so it's accurate to say the stimulus has failed to live up to initial expectations. White House advisers wrongly estimated that the stimulus would bring the unemployment rate down to 7 percent though they also thought the rate without the stimulus would be lower than it actually is, and they made clear that substantial uncertainty surrounded those estimates. (Lori Robertson, Dueling Economic Ads, FactCheck.org,
6/30/11)

The Numbers Speak For Themselves

In August, The Obama Economy Added Zero (0) Jobs And The Unemployment Remained At 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/6/11) Gallup: U.S. Job Creation On Downward Trajectory. Job market conditions in the United States deteriorated for the second month in a row as Gallup's Job Creation Index fell to +13 in August, down from +14 in July and +15 in June. Net new hiring is at about the level it was during the recession of late 2008. (U.S. Job Creation On Downward Trajectory, Gallup, 9/6/11)

Since President Obamas $825 Billion Stimulus Bill Passed, The Nation Has Lost 1.7 Million Jobs And The Unemployment Rate Has Increased From 8.2 Percent To 9.1 Percent. (Bureau Of Labor Statistics,
BLS.gov, Accessed 9/6/11)

Despite Obamas Advisors Predicting That The Stimulus Would Keep Unemployment Below Eight Percent, The Unemployment Rate Has Remained Above Eight Percent For A Record 31 Straight Months. (Christina Romer and Jared Bernstein, "The Job Impact Of The American Recovery And Reinvestment Plan," 1/9/09;
Bureau Of Labor Statistics, BLS.gov, Accessed 9/6/11)

Now The White House Predicts That Unemployment Will Remain Above Nine Percent Through 2012. In an effort to take into consideration changes in the economic climate that have occurred since June (turmoil in Europe, natural disasters domestically, etc....) OMB offers an "alternative economic forecast" along with the Mid-Session Review. Under that model, the unemployment rate takes even longer to decline, going from 9.0 percent in 2012, to 8.5 percent in 2013 to 7.8 percent in 2014. In 2016 it hits 6.1 percent. (Sam Stein, White House Report: Unemployment Rate Above
6 Percent Until 2016, The Huffington Post, 9/1/11)

Since President Obama Took Office, The Nation Has Lost 2.4 Million Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/6/11) It Now Takes A Staggering 40.3 Weeks For An Unemployed Worker To Find A Job. (Bureau Of
Labor Statistics, BLS.gov, Accessed 9/6/11)

There Are 22.8 Million Americans That Are Unemployed Or Working Part-Time Due To
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Economic Reasons. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/6/11)

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