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Book REVIEW: ‘Debacle’
Washington Times ^ | Friday, April 13, 2012 | W. James Antle III

Posted on 04/13/2012 8:03:04 PM PDT by Bobbys1963

Remember the stimulus plan? The big spending package enacted at the height of hope and change, its legacy reads like a litany of broken campaign promises. It was “only” supposed to cost $787 billion. It was intended to create or save 5.5 million jobs. It was going to keep unemployment from spiking to more than 9 percent.

Even before Barack Obama was sworn in, members of his economic team were predicting that unemployment would peak at 7.9 percent sometime in 2009 before falling below 6 percent by April 2012. Does it sound like an alternate reality?

Well, prepare to enter into this bizarro world during this fall’s presidential campaign. The White House is standing by its stimulus success story, even though 2 million fewer Americans were working in September 2011 than when the president took office. . . .

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


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: economy; obama; stimulus; unemployment

1 posted on 04/13/2012 8:03:11 PM PDT by Bobbys1963
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To: Bobbys1963

As long as Bush continues being the previous president, Bush will get the blame for the high unemployment rate, and for the bad economy. If Obama ends up being president for 8 years total, and the country is still in the toilet or worse, Bush will still be at fault, and no amount of logic or common sense is ever going to change that.


2 posted on 04/13/2012 8:07:16 PM PDT by adorno
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To: adorno
Y'know what? If they can successfully blame Bush after all these years, it is Bush's own damn fault. Simple fart never stepped up to defend the truth.
3 posted on 04/13/2012 9:47:33 PM PDT by hinckley buzzard
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To: hinckley buzzard

How funny!

And how TRUE!

Sadly.


4 posted on 04/13/2012 10:00:26 PM PDT by RitaOK (LET 'ER RIP, NEWT. Newt IS Galt. (& Always has been.) 1144 isn't hear, yet!!!!)
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To: hinckley buzzard
Simple fart never stepped up to defend the truth.

True dat. And, that is one of the attractions of Gingrich. He can articulate his positions and defend the truth. He fights.

And somewhat related, as candidate for president, Romney (like him or not) will likely fight Obama with negative campagne ads a whole lot more that McCain did. This seems to be the untested variable that no one is talking about.

5 posted on 04/14/2012 6:12:45 AM PDT by VRW Conspirator (Anybody who only hates a single subgroup of humanity isnÂ’t paying attention. - Slings and Arrows)
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