Saturday, July 02, 2011

Obama's record

Peter Wehner writes here that Obama's economy has achieved these results:

An unemployment rate of 9.1 percent;
28 straight months of unemployment being above 8 percent, a post-World War II record;
Chronic unemployment worse than during the Great Depression (about 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months);
A nation in which 2.5 million fewer people are employed than when the president was sworn in and which has seen only 600,000 jobs created during our two-year “recovery”;
A housing crisis that has recently entered a double dip and is now worse than the Great Depression;
A record $1.65 trillion deficit this year;
A record $14.3 trillion debt;
First quarter growth in 2011 of only 1.8 percent;
A presidency in which real annual growth in GDP averages 1.5 percent, just barely above what it was during the decade of the Great Depression (1.3 percent); and
Gas prices roughly doubled what they were when Obama took office.

1 comment:

Terri Wagner said...

WEll I'm now one of those employless and it sucks.