Posted on 08/02/2012 6:58:46 AM PDT by SeekAndFind
If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal.
Deep recessions are supposed to be followed by strong recoveries, but, under Obama, the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all—things are still getting worse.
To win the gold for economic mismanagement, Obama had to beat out some very tough competitors, including the previous Olympic record holder, George W. Bush. Let’s look at how Obama pulled it off.
For those not familiar with the sport, the Olympic “Worst First Three Years of Economic Recovery” event is a pentathlon—it’s composed of five individual trials.
The trials making up this pentathlon are as follows: 1) total employment growth; 2) unemployment rate reduction; 3) per capita GDP growth; 4) change in the Real Dow; and 5) change in real produced assets.
Because the goal is economic mismanagement, in the total employment growth event, the lowest number wins.
Obama was victorious in this trial by producing an increase in jobs during the first 36 months of his economic recovery of only 1.72%. This handily beat out Bush 43, who turned in a jobs gain of 2.93% during his recovery, and the team of Bush 41 and Bill Clinton, who delivered 3.64% more jobs during theirs. And, Obama absolutely creamed Ronald Reagan, who produced an increase in total jobs of 8.97% during the first three years of the economic recovery that he oversaw.
Obama struggled in the “reducing the unemployment rate” event. It was easy for Obama to do worse than Reagan, who had reduced the “headline” (U-3) unemployment rate by a massive 3.8 percentage points
(Excerpt) Read more at forbes.com ...
No surprise here, either.
As a top 1% looser he should have to pay 101% of his salary!
Gold Baby, Gold!
USA!
USA!
USA!
It’s sad, really. No Republican would have a chance of winning in November with this record. Obama? It’s 50/50 or better.
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