The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.
The US unemployment rate rose from 7.6% to 9.4% under Obama… the highest rate in 25 years.
Bureau of Labor Statistics– via Sweetness and Light
Remember this chart as you listen to the Obamedia talk about the current state of the economy in this video by Ed Frank:
Via HotAir
Just to be clear:
During the Bush years, despite the 2000 Recession, the attacks on Sept. 11, the stock market scandals, Hurricane Katrina and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004, the federal budget deficit was 412 billion dollars. In 2005, it dropped to 318 billion dollars. In 2006, the deficit dipped to 248 billion dollars. And, in 2007, it fell below 200 billion to 162 billion dollars. During the Bush years, the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. These were amazing accomplishments considering the unexpected challenges. You certainly didn’t read much about this in the press.
Funny how we never heard that while Bush was president.
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