And then there is this … 13,000 pages of new regulations so far, and counting. Do you have any idea how anyone can keep track of all this crap. Simple, they don’t, they expect you to figure it out.
Do you remember what Porkulus was supposed to do, according to liberals. Like all make work liberal crap what it did do was exactly nothing. A few years ago, back in 2009, when President Obama magnanimously promised us that — if we passed his stimulus — we would now at this very moment be sittin’ pretty with an approximate 5.6% unemployment rate?
Huh. Hasn’t quite worked out according to his grandiose plans, has it?
What Obama did was drive up regulations of businesses to the point they no ;onger see any opportunity to expand. Complying with the new regulations has been about all they can take.
Here is what it looks like on one graph:
Above … That was the liberals predictions, compliments of our friend … James Pethokoukis.
This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.
The unemployment rate stayed at a lofty 8.2%.
As a research note from RDQ economics put it: “The good news is that employment growth is not slowing further but there is no sign of it picking up either. At this pace, job creation is not fast enough to lower the unemployment rate with the labor force growing at close to 150,000 per month on average.” Shorter: Stagnation Nation
This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.
This chart should make you swoon too, see the problem with our collasped economy. Obama’s plan has worked:
It will take 5-10 years to fix our economy. That’s how bad it really is.