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They Said It! Liberal Economist Jeffrey Sachs Says Obama Never Had A Plan

- August 19, 2011

Liberal Economist Jeffrey Sachs Says Obama Never Had A Plan, Concedes $831 Billion Stimulus Didn’t Work

Jeffrey Sachs:  “So we’re almost three years into this administration and there’s never been a plan and that’s what everybody feels. The president didn’t lead. He waited. The quintessential image sadly of the administration that I supported and hoped for much better  is the president waiting by the phone to hear what Congress calls to tell him. It doesn’t work in this country that way, it’s not a matter that it’s August, it’s a matter that it’s August 2011. So we’ve been drifting for a very long time and we’ve been drifting down now.  And we had a short term plan that failed. A short term stimulus that was supposed to get the economy back on track but it failed. And now we have nothing behind it. And we have no agreements and no leadership and frankly, I do think it’s pretty odd the president’s on vacation right now. Normally, I wouldn’t care about such things, but the world markets are in deep crisis. It’s no joke, this isn’t just an August up and down little blip, this is a very serious situation. ” (MSNBC’s “Morning Joe,” 8/19/11)

Obama’s Record: 
Since President Obama Took Office The Nation Has Lost 2.37 Million Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 8/5/11)

Since President Obama Took Office, The Unemployment Rate Has Increased From 7.8 Percent To 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 8/5/11)

Since President Obama’s $831 Billion Stimulus Bill Passed, The Unemployment Rate Has Increased From 8.2 Percent To 9.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 8/5/11)

The Unemployment Rate Has Remained Above Eight Percent For A Record 30 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 8/5/11)


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