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With Millions Unemployed, Obama Only Provides “Vision”

- December 10, 2011

On “60 Minutes,” Obama Moves The Goal Posts And Offers Only “Vision”  When Americans Need Jobs

OBAMA SAYS HE NEEDS ANOTHER TERM DESPITE HIS OWN PROMISES

Last Night On “60 Minutes”, Obama Said He Needed More Than One Term To Do What He Said He’d Get Done As A Candidate:

Obama Said He Needed Another Term To Do What He Promised As A Candidate. OBAMA: “I didn't overpromise. And I didn't underestimate how tough this was gonna be. I always believed that this was a long-term project; this wasn't a short-term project. And, you know, for individual Americans, who are struggling right now, they have every reason to be impatient. They should want all these things solved tomorrow. It doesn't matter how good my economic theories are. If you don't have a job right now, the only economic policy you want to hear is, ‘I'm hired. I've got a job. I can pay my bills. I can look after my family.’ But what I understood coming in was that reversing a culture here in Washington, dominated by special interests, reversing a political culture that was dominated by polls and sound bites and [a] 24-hour news cycle, reversing structural problems in our economy that have been building up for two decades, that was gonna take time. It was gonna take more than a year. It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president.” (CBS’ “60 Minutes,” 12/11/11)

Click To Watch

FLASHBACK: Obama In 2009 Said If He Didn’t Get Things Done, He’d Be A One-Term President:

Obama 2009: “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)

Click To Watch 

Obama 2009: “And There's No Excuse--I'm Not Going To Make Any Excuses. If Stuff Hasn't Worked And People Don't Feel Like I've Led The Country In The Right Direction, Then You'll Have A New President.” (President Barack Obama, Remarks on Economic Stabilization and a Question-and-Answer Session, Fort Myers, Florida, 2/10/09)

OBAMA SAID HIS JOB IS TO PUT FORWARD A VISION OF THE COUNTRY

Obama Said His Job Is To “Put Forward A Vision Of The Country”:

Obama Said It’s His Job To “Put Forward A Vision Of The Country That Benefits The Vast Majority Of Americans. OBAMA: “It is my job to put forward a vision of the country that benefits the vast majority of Americans.” (CBS’ “60 Minutes,” 12/11/11)

Click To Watch

Americans Are Already Experiencing Obama’s Vision; Hard To Imagine What Else He’s Got In Mind:

Obama Says The Election Is About His Vision But 66 Percent Of Americans “Do Not Have A Clear Idea Of What He Wants To Accomplish In A Second Term.” “As the president gears up for his re-election campaign, 66 percent of Americans say they do not have a clear idea of what he wants to accomplish in a second term; just a third say they do. Fewer than half of Democrats say they have a clear idea of what the president wants to accomplish if re-elected.” (Stephanie Condon, “Grim Economic Outlook Weighs Down Obama Approval Rating,” CBS News, 12/9/11)

Obama’s Record On Jobs

The Washington Post’s Fact Checker Said “Obama Is On Track To Have The Worst Jobs Record Of Any President In The Modern Era.” “Unless the economy turns around in the next 18 months, Obama is on track to have the worst jobs record of any president in the modern era. That would be an accurate statement.” (Glenn Kessler, “Rick Perry’s Claim That Obama Has ‘Killed More Jobs’ Than Any Other President,” The Washington Post’s “The Fact Checker”, 8/22/11) 

Since President Obama Took Office The Nation Has Lost 1.9 Million Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.6 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

  • Including 1.3 Private Sector Jobs, 1.03 Million Construction Jobs, And 795,000 Manufacturing Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

The Unemployment Rate Has Remained Above Eight Percent For A Record 34 Straight Months. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

The Average Duration Of Unemployment Has Increased From 19.9 Weeks To 40.9 Weeks. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

There Are Currently 1,096,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Is 15.6 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

There Are Currently 13,303,000 Million Unemployed Workers. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

  • There Are Currently 8.5 Million Workers Working Part-Time For Economic Reasons. (Bureau Of Labor Statistics, BLS.gov, Accessed 12/7/11) 

“Since The Recession Ended, Job Growth Has Been Even More Anemic Under Obama—Just 40,500 Jobs A Month.” “Obama’s claim of the ‘slowest job growth,’ in fact, includes the loss of jobs under his administration. The White House provided as evidence a report on a New York Times blog that was based on Gross Domestic Product data through 2010, or the first two years of Obama’s administration. The White House also cited a Center on American Progress report on job growth through 2007, which showed monthly job growth of 68,000 jobs during the Bush business cycle. But, since the recession ended, job growth has been even more anemic under Obama—just 40,500 jobs a month, according to the Bureau of Labor Statistics.” (Glenn Kessler, “Obama’s Kansas Speech: Some Suspect Facts,” The Washington Post’s “The Fact Checker,” 12/6/11)

Obama’s Record On Food Stamps And Housing

A Record 46.3 Million Americans, 15 Percent Of The Population, Depend On Food Stamps. “Food stamp rolls have risen 7.8% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from the depths of the recession. The number of recipients in the food stamp program, formally known as the Supplemental Nutrition Assistance Program (SNAP), rose to 46.3 million, or 15% of the population …” (Phil Izzo, “Food Stamp Use On The Rise,” The Wall Street Journal, 12/6/11)

President Obama’s Housing Programs Have Spent Only $2.4 Billion Of The $50 Billion Allocated, And Only Helped 1.7 Million Avoid Foreclosure Of The 9 Million Homeowners Obama Promised. “President Obama pledged at the beginning of his term to boost the nation’s crippled housing market and help as many as 9 million homeowners avoid losing their homes to foreclosure. Nearly three years later, it hasn’t worked out. Obama has spent just $2.4 billion of the $50 billion he promised. The initiatives he announced have helped 1.7 million people.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)

  • The Obama Administration “Decided Against More Dramatic Actions” And “Consistently Unveiled Programs That Underperformed.” “The Obama effort fell short in part because the president and his senior advisers, after a series of internal debates, decided against more dramatic actions to help homeowners, worried that they would pose risks for taxpayers and the economy, according to numerous current and former officials. They consistently unveiled programs that underperformed, did little to reduce mortgage debts owed by ordinary Americans and rejected a get-tough approach with banks.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)

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)

  • “As the housing market struggles to recover, the large number of underwater homeowners has prompted concerns of more foreclosures to come if borrowers become unable to keep up with their payments or decide to walk away.” (Leah Schnurr, “Underwater Homes Ease Modestly In Q3: Core Logic,” Reuters, 11/29/11)

Nationwide, 7.93% Of All Mortgage Loans, Over 4 Million Properties, Are 30 Or More Days Delinquent But Not In Foreclosure. (Press Release, “LPS ‘First Look’ Mortgage Report,” Lender Processing Services, 11/18/11) 

  • Currently, 2.2 Million Homes Are In Foreclosure. (Press Release, “LPS ‘First Look’ Mortgage Report,” Lender Processing Services, 11/18/11)
     
  • 6.3 Million Properties Are Either 30 Days Delinquent Or In Foreclosure. (Press Release, “LPS ‘First Look’ Mortgage Report,” Lender Processing Services, 11/18/11)

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