My Weekly Obama Jobs Report, the Obamanomics Sets New Records edition

In case you're keeping score at home, the price of gas went up by another 3 cents last week. And Obama's EPA shuttered 6 more power plants in Ohio, Pennsylvania, and Maryland.

Hey, what's another 529 Americans put out of work by Lisa Jackson's eco-fascists, right?

Mother Gaia is pleased as punch! Our wallets? No so much.

Meanwhile the green energy boondoggle continues to waste taxpayer dollars at a record clip. Yup, yet another recipient of DOE subsidies has gone bankrupt.

I'm sure it's just a coincidence that all these taxpayer "investments" wind up circling the drain. You know, if Dick Cheney had spent half this much money on something useful that was made by Halliburton the lamentations would still be reverberating across the front page of The New York Times.

But Barry's misguided attempts to prop up unproven pie-in-the-sky foolishness always gets a pass.

Now people keep telling me that Obama "inherited" an economic crisis. Perhaps he did. But it's been three years since he promised to fix things, and every single action he's taken has made the problem worse.

Earlier this week, after Barry gave his State Of The Re-election speech, Indiana Governor Mitch Daniels summed up the Obamanomics record in one utterly damning chart.

The Wall Street Journal sums up Barry's inability to inspire economic confidence.

Many business leaders say they are also being held back by policy-related uncertainty, everything from the threat of new regulations and higher taxes to the fear that political gridlock could hamper the government's ability to respond to a new crisis. Recent economic research has given some weight to those complaints. A study by a trio of academic economists found that policy uncertainty has risen in recent years, and that periods of uncertainty have in the past corresponded with rising unemployment and slowing growth.

Contrast Barry's sub-3% GDP growth numbers with the Reagan boom.

The first nine quarters of the Reagan Recovery, by contrast, looked like this: 5.1 percent, 9.3 percent, 8.1 percent, 8.5 percent, 8.0 percent, 7.1 percent, 3.9 percent, 3.3 percent, 3.8, percent, 3.4 percent. In fact, the Reagan Boom went from the first quarter of 1983 until the second quarter of 1986 without notching a sub-3 percent GDP quarter.

The only economic statistic Barry's keeping above 8% is the unemployment rate. You'll recall that Porkulus was guaranteed to keep it under 8%. Paul Krugman said so!

So of course when last year's GDP came in at an anemic 1.7% it must somehow still be George Bush's fault. Because Obama killed Bin Laden! So he's obviously the better president.

You know what else must not be Barry's fault? New home sales for 2011 were the worst on record.

Liberal media spin? Obama Recovery Sets New Records!

Well, sure.

-----------
Previously:
My Weekly Obama Jobs Report, the Pipeline Dreams Busted By Green Schemes edition
My Weekly Obama Jobs Report, the Downgrade Fever is Catchy edition
My Weekly Obama Jobs Report, the Short Term Gain For Long Term Pain edition
My Weekly Obama Jobs Report, the Year End Wrapup Unhappy New Year Edition
My Weekly Obama Jobs Report, the Debbie Wasserman Schultz Reality Check edition
My Weekly Obama Jobs Report: the Lies, Damned Lies, and Statistics edition
My Weekly Obama Jobs Report, the Incredibly Shrinking Labor Force edition

Posted at 09:30 by Chris Wysocki   [/economy]   Comments | Perm Link |
Technorati Tags: Obama jobs unemployment GDP housing green-energy   |   Tweet