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They Said It: Obama Admits He’s Failed To Get Country Out Of Recession

- November 30, 2011

Obama Admits Today In Scranton That He’s Failed To Get The Country Out Of The Recession

OBAMA SAYS WE’RE NOT OUT OF THE RECESSION YET…

President Barack Obama: “[B]ecause we’re not fully out of the recession yet.”(President Barack Obama, Remarks At Campaign Event, Scranton, PA, 11/30/11)

But Obama Said He’d Be A One-Tem Proposition If He Didn’t “Have This Done In Three Years”

In 2009, Obama Said If “I Don’t Have This Done In Three Years, Then There’s Going To Be A One-Term Proposition.”  OBAMA: “That's exactly right. And — and, you know, a year from now I think people — are going to see that — we're starting to make some progress. But there's still going to be some pain out there. If I don't have this done in three years, then there's going to be a one-term proposition.” (NBC’s “The Today Show,” 2/2/09)

OBAMA SAYS SCRANTON HAS TAKEN SOME PUNCHES…

President Barack Obama: “And Scranton, we’ve taken some punches these last few years…”(President Barack Obama, Remarks At Campaign Event, Scranton, PA, 11/30/11)

Some Left Hooks From The Obama Presidency

Since President Obama’s $825 Billion Stimulus Bill Passed, The Nation Has Lost 1.3 Million Jobs And The Unemployment Rate Has Increased From 8.2 Percent To 9.0 Percent. (Bureau Of Labor Statistics, Accessed 11/4/11)

Since President Obama Took Office, The National Debt Has Increased $4.4 Trillion, An Increase Of Over 41 Percent. (US Treasury Department, Treasury Direct, Accessed 11/30/11)

22.1 Percent Of Residential Mortgages, Over 10 Million Properties, Are Underwater. “The number of properties with so-called negative equity -- in which the amount owed on the mortgage exceeds the property's value -- was 10.7 million, or 22.1 percent of all residential properties with a mortgage.” (Leah Schnurr, “Underwater Homes Ease Modestly In Q3: Core Logic,” Reuters, 11/29/11)

And Jabs Directly From The Obama Presidency To Pennsylvania

Since President Obama Took Office, Pennsylvania Has Lost 15,100 Jobs And The Unemployment Rate Has Increased From 6.8 Percent To 8.1 Percent. (Bureau Of Labor Statistics, Accessed 11/23/11)

Since President Obama Took Office, 189,790 Pennsylvanians Have Fallen Into Poverty And The Poverty Rate Has Increased From 12.3 Percent To 13.4 Percent. (U.S. Census Bureau, Accessed, 11/23/11)

As Of October 2011, Over 512,000 Pennsylvanians Are Unemployed, Over 50,000 More Than When Obama Took Office. (Bureau Of Labor Statistics, Accessed 11/23/11)

As Of August 2011, Over 1.7 Million Pennsylvanians Receive Food Stamps, 7.7 Percent More Than August 2010. (“Supplemental Nutrition Assistance Program: Number Of Persons Participating,” USDA, 10/31/11)


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