Stephanie
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SNIP:
posted at 10:01 am on July 7, 2012 by Ed Morrissey
For more than three years, Barack Obama has whined about having inherited a bad economy whenever data shows the consistent stagnation wrought by his economic policies. Regardless of how bad the recession is, Obamanomics has produced the worst recovery in the post-World War II period, as the data from the Minneapolis Federal Reserve shows (see update below):
Conservatives ran out of patience a long time ago with the “I inherited a bad economy” excuse, but it’s not just conservatives who find themselves tired of Obama’s pat response. Robert Reich scolded Obama yesterday on the pages of the Huffington Post, writing that the excuse is “wearing thin” and that this is Obama’s economy:
In Ohio yesterday, Obama reiterated that he had inherited the worst economy since the Great Depression. That’s true. But the excuse is wearing thin. It’s his economy now, and most voters don’t care what he inherited.
the rest and chart at
Stop with the “I inherited a bad economy” excuse, says … « Hot Air
SNIP:
posted at 10:01 am on July 7, 2012 by Ed Morrissey
For more than three years, Barack Obama has whined about having inherited a bad economy whenever data shows the consistent stagnation wrought by his economic policies. Regardless of how bad the recession is, Obamanomics has produced the worst recovery in the post-World War II period, as the data from the Minneapolis Federal Reserve shows (see update below):
Conservatives ran out of patience a long time ago with the “I inherited a bad economy” excuse, but it’s not just conservatives who find themselves tired of Obama’s pat response. Robert Reich scolded Obama yesterday on the pages of the Huffington Post, writing that the excuse is “wearing thin” and that this is Obama’s economy:
Unemployment for June is stuck at 8.2 percent, the same as in May. And only 80,000 new jobs were added.
Remember, 125,000 news jobs are needed just to keep up with the increase in the population of Americans who need jobs. That means the jobs situation continues to worsen.
The average of 75,000 new jobs created in April, May and June contrasts sharply with the 226,000 new jobs created in January, February and March.
In Ohio yesterday, Obama reiterated that he had inherited the worst economy since the Great Depression. That’s true. But the excuse is wearing thin. It’s his economy now, and most voters don’t care what he inherited.
the rest and chart at
Stop with the “I inherited a bad economy” excuse, says … « Hot Air