RNC Women

In an op-ed last month in the New York Times, Treasury Secretary Tim Geithner penned an op-ed headlined ‘Welcome to the Recovery.’

If this is what the Obama Administration thinks a recovery looks like, the American people shudder to think how they’d define a recession. 

Time after time, the Obama Administration has put its head in the sand in response to new indications that their economic stimulus plans aren’t working.  Back in January of 2009, the President’s chief economist predicted that the $814 billion stimulus bill would keep unemployment below 8 percent.  Yet in the months since the bill was enacted, unemployment hit 10.1 percent and hasn’t dropped below 9.5 percent in the past 12 months. 

On February 17, 2009, President Obama said that his recovery plan would “create or save 3.5 million jobs over the next two years.”  Yet since he signed his plan into law, almost 2.6 million jobs have been lost and there are nearly 15 million unemployed Americans looking for work. 

On September 24, 2009, Vice President Biden said of the stimulus bill, “In my wildest dreams, I never thought it would work this well.”  Yet since it was enacted we’ve seen the largest one month drop in home sales in history, unemployment remains stagnant and the economy has experienced a net loss of about 2.6 million jobs. 

Despite all of this, Treasury Secretary Geithner found it appropriate to say, “Welcome to the Recovery.”  This November, the American people will respond by saying to the Democrats in Congress, “Welcome to the minority!”