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August 2, 2012

Worst Economic Recovery Ever!

Topics: Political News and commentaries

Louis Woodhill writes at Forbes today that if mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal:

Deep recessions are supposed to be followed by strong recoveries, but, under Obama, the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all -- things are still getting worse.
Meanwhile, the Employment and Training Administration says the number of people filing first-time clams for unemployment insurance rose by 8,000 last week, to 365,000 from 357,000 the week .

Barack Obama certainly didn't earn or deserve his Nobel Peace Prize, but he most certainly has earned and deserves the gold medal Woodhill recommends him for. And I think there should be little doubt that his record will not be duplicated for, at the very least, another 80 years, having shattered all the records when it comes to both the deficit and the debt.

Posted by Hyscience at August 2, 2012 10:03 AM



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