Obama Economy Worst Since Great Depression

Obama will quadruple the US budget deficit his first year in office.

And, he wants to spend trillions more for his Obamacare program.

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 9.7% under Obama… the highest rate in 26 years.

Bureau of Labor Statistics– via Sweetness and Light
Obama said with the Stimulus Bill the unemployment rate would not go over 8% but the unemployment rate is currently at 9.7%.
And, Obama claims his plan is working.

In the real world… The Obama economy is now officially the worst since the Great Depression.
Bloomberg reported, via Drudge:

The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.

The world’s largest economy contracted 1.9 percent from the fourth quarter of 2007 to the last three months of 2008, compared with the 0.8 percent drop previously on the books, the Commerce Department said yesterday in Washington. Gross domestic product has shrunk 3.9 percent in the past year, the report said, indicating the worst slump since the Great Depression.

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