December 2009
Posted by: administrator
In an interview with The Washington Post, Obama said that in his first year in office he “rescued the economy and placed it on a path of long-term growth.” Looking back at the job losses each month leaves us wondering when exactly he rescued the economy: Since Obama’s Stimulus plan passed in February over 2.8 Million Americans have lost their jobs and unemployment is currently at 10 percent.
To make matters worse, more job losses are expected in the coming months. Treasury Secretary Tim Geithner said recently that we will see more job losses in December and we won’t see any growth until spring. The Federal Reserve has also said that unemployment will remain high through 2012. Mike Allen of Politico reports today in the “Playbook” that the White House:
[I]s going to make a very hard pivot to jobs in the run-up to the State of the Union. You'll see an intense focus on the economy and jobs from this White House in the beginning of 2010.
If the above job losses are any indication of what constitutes Obama rescuing the economy, we’re afraid to see what happens when he makes “a very hard pivot to jobs.”