Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama's Economic Failure on Unemployment
Fox News ^ | April 28, 2010 | John R. Lott Jr.

Posted on 04/28/2010 1:50:20 PM PDT by JohnRLott

As President Obama travels today to Illinois, Iowa, and Missouri, he will try to convince voters that his economic policies are creating jobs. But a year after Obama claimed that the stimulus had started creating jobs, it is not just the general public that believes that the stimulus was a waste of money, so do the experts. This week a new survey from the National Association for Business Economics found that 73 percent of business economists believe that the stimulus "has had no impact on employment."

Many will point out that the unemployment rate has soared well above what the Obama administration predicted would occur if the stimulus were enacted. On Feb. 28, 2009, Eleven days after the stimulus bill signed into law, the White House predicted that the national unemployment rate would average 8.1 percent in 2009 and then decline to an average of 7.9 percent in 2010. Clearly things got much worse than the administration predicted. While the unemployment rate stood at 8.1 percent in February, 2009, by the end of last year it had risen to 10 percent. It still remains very high at 9.7 percent.

As President Obama and other Democrats have correctly pointed out many times, this has been a worldwide recession. Why not compare the changes in unemployment rates in other countries to the unemployment rate in the U.S. . . .

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Canada; Front Page News; Government; Politics/Elections
KEYWORDS: bhoeconomy; bhofascism; democrats; economy; foxnews; germany; hopeychangey; japan; johnlott; lott; obama; stimulus; uk; unemployment

1 posted on 04/28/2010 1:50:20 PM PDT by JohnRLott
[ Post Reply | Private Reply | View Replies]

To: JohnRLott

http://www.freerepublic.com/focus/f-news/2502483/posts


2 posted on 04/28/2010 1:51:50 PM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JohnRLott

Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!
Obama REGIME!


3 posted on 04/28/2010 1:57:03 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JohnRLott

You President has accomplished one goal of his. He has made us more like Europe. Unemployment in France is at 9.7% and holding.


4 posted on 04/28/2010 1:58:35 PM PDT by RC2
[ Post Reply | Private Reply | To 1 | View Replies]

To: RC2

I can’t wait until I get my 6 weeks of vacation. What’s a vacation, anyways? I’ve been selfemployed so long, I’ve forgotten.


5 posted on 04/28/2010 2:22:06 PM PDT by griswold3
[ Post Reply | Private Reply | To 4 | View Replies]

To: griswold3
I can’t wait until I get my 6 weeks of vacation. What’s a vacation, anyways? I’ve been selfemployed so long, I’ve forgotten.

Sure you can have a six week vacation. All they have to do first is raise your taxes so they can afford your vacation subsidy (and that of your unemployed neighbors too).

Oh, and the application will require a full disclosure of your need for a vacation. That will be very difficult to prove given that you are one of the exploiting, bourgeois class. However, rest assured your unemployed neighbors are deserving.

6 posted on 04/28/2010 2:40:30 PM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
[ Post Reply | Private Reply | To 5 | View Replies]

To: JohnRLott

Some great improvement! Our household income dropped substantially. Thanks, BO.


7 posted on 04/28/2010 5:10:16 PM PDT by Pining_4_TX
[ 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
News/Activism
Topics · Post Article

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