A YEAR LOST IN THE JOB MARKET:
One year ago the official unemployment rate was 9.7%. Today it is 9.6%.
One year ago U-6 unemployment was 16.8%. Today U-6 is 16.7%
A NEAR-DECADE LOST ( 9 YEARS ) IN THE STOCK MARKET:
Price of gold on Sep. 10th, 2001 - $271.50.
Current price of gold: $1,248 - up 360%.
Price of S&P 500 on Sep. 10th, 2001 - 1,093.
Current S&P 500: 1,105 - Up 1%
(Current” price as of 4:30 PM September 3, 2010)
Gold up 360% vs. Stocks up 1%
AND ALL WE GET IS MORE OF THE SAME (SOUND FAMILIAR?)
Smashing Success - http://www.americanthinker.com/blog/2010/08/smashing_success.html
Obama expressed the following opinion about the flagging economy:
"What we did know was that it took nearly a decade - to dig the hole we are in."
Then the President gave himself eight years of economic leeway following the "dig the hole" comment with an "even longer to dig our way out."
After the sound system issues, garbled statements and flyover airplane interference ceased, the President continued blaming G.W. and then segued directly into pointing the finger at Senate Republicans. Never once did Obama acknowledge any personal culpability for being completely and hopelessly clueless.
Maybe someone should have raised their hand and reminded Obama that during the first six years of Bush's tenure the economy was booming. It was the last two years, after a national referendum on Iraq, that Democrats took over both houses and the economy began to falter. Adding Obama's liberal-socialistic policies to the already ailing economy turned a benign common cold into a case of full-blown pneumonia.
No comments:
Post a Comment