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Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible

uvuvuv Wrote: Nov 20, 2012 11:48 AM

in 2009, 2010 and into 2011 the news was blanketed with horror stories of job loss, bankruptcies and foreclosures. for two years the u/e rate averaged 10%. there were enough victims in this to have swung the election results state by state. or perhaps we can assume, like the country and western record played backwards, they all got their families back, their houses back and their jobs back, and then out of gratitude voted obama back in. if only he at some point had given a speech expressing his personal anguish over the hardships people were facing. fdr did this repeatedly with his fireside chats. and for precedent purposes he was a democrat. instead what do we get, obamacare and cash for clunkers.

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Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible

I agree that Obama inherited a crappy economy, and I think it is silly to assert that he bears any responsibility for the severity of the 2007-2009 recession.

But it is very fair to hold him responsible for what’s happened since the recession ended. I’ve cited data from the Minneapolis Federal Reserve on both employment and gross domestic product to show that Obama has presided over the weakest recovery in the post-World War II period.

And I think it is fair to blame Obama for the economy’s anemic performance during that time, largely because his agenda of faux stimulus...

Related Tags: Washington Post Obama Washington The Washington Post Recovery Election