Yeah … we’ve been here before. Here I go yammering about Barack Obama again. Fact is, I just cannot believe that this guy has turned out to be as hideously bad as he clearly is. Certainly he telegraphed what kind of a president he was going to be during the 2008 campaign, but the human spirit is such that you still want to hold out a bit of hope – until hope becomes delusional.
Do you understand just how bad our economy is? Let me share just a few statistics with you. There have been several economic recessions since the end of World War II. Every recession, of course, has been followed by a recovery. The Joint Economic Committee has studied recoveries from previous recessions and compared them to the current situation. We are now 38 months past the beginning of the recession. When past recessions are studied the Joint Economic Committee found that at the 38-month marker employment would be about 3.7% higher than it was at the beginning of the recession. This, though, is the Obama recovery. Employment is now – at the 38-month mark – 5% below what it was at the start of the recession. This is the worst recovery from a recession since World War II.
Stephen Moore of the Wall Street Journal shares another statistic with us. In previous recessions our economy enjoyed an average growth of 9.9% over 13-quarter period since the beginning of the recession. Where are we now? Our GDP has grown by 0.8% over that same 13-quarter period since the beginning of the 2008 recession. There’s the ObamaRecovery for you.
Are these numbers boring for you? Well if you’re looking for a job, or worried about keeping the job you have, you should be digesting these numbers and addressing the cause --- and the cause is Barack Obama.
The American economy is a private sector economy. If you’re looking for a job in the private sector:
You’re looking for a job in that sector of our economy that Barack Obama refers to as the “enemy.”
You’re looking for a job in that sector of the economy that must endure tax increases so that, in the words of Obama’s Treasury Secretary, the federal government won’t have to spend less.
You’re looking for a job in that sector of our economy that is suffering an unprecedented regulatory assault from Washington DC.
If you’re looking for a job your greatest hope is in making sure that Barack Obama is not a two-term president.
