Dems Disconnected From Economic Reality – 2.5 Million Jobs Lost During Obama’s Presidency (Video)

The Republican Senate Conference highlighted the failed economic policies of the Obama Administration including the fact that the country has lost 2.5 million jobs since he moved into the White House.

From the video:
Despite 9.1 percent unemployment and the clear disapproval of the American people, Democrats and the president are continuing to push for their favorite tax-and-spend economic policies, which have completely failed to bring about an economic recovery and only made the situation worse. Republicans believe it is high time for the president and congressional Democrats to get serious about the economy and work with Republicans to develop real solutions to our nation’s economic challenges.

The Democrat Economic Policies Are Making Things Worse

The Republican Senate Conference:

The agenda being pushed by Democrats in Washington is making it worse:

On jobs:

  • “… Private-sector job growth slowed, and the unemployment rate ticked up for a second straight month, to 9.1%.” (Editorial, “Our view: Focus on national debt, not another stimulus,” USA Today, 06/07/11)
  • “President Obama has been talking for two and a half years about creating jobs, particularly family-wage manufacturing jobs. Really a president does not create manufacturing jobs. He creates policies that may encourage companies to create jobs — companies like Boeing, which has now had the creation of 1,000 jobs in South Carolina second-guessed by Obama’s National Labor Relations Board … In its complaint, the NLRB is attempting to reverse a U.S. investment by the nation’s No. 1 exporter 17 months after the company decided to make it — after the money has been spent, after the equipment is set up and after 1,000 workers have been hired.” (Editorial, “NLRB complaint against Boeing needs critical look,” Seattle Times, 06/14/11)
  • When Obama signed the stimulus, the most recent unemployment statistics (for January 2009) showed a national unemployment rate of 7.8 percent. Obama’s economic advisers had predicted the stimulus would keep the national unemployment rate below 8 percent. Yet, today, the national unemployment rate is 9.1 percent.” (Terence P. Jeffrey, “28 Months Later, Obama Says: Recovery’s ‘Going to Take Time,’” CNS News, 06/12/11)
  • “The lowered growth rates and the weak 54,000 jobs created in May have many observers describing the current period as a ‘jobless recovery.’” (Ben White, “Economists Say Recovery to Stay Sluggish,” Politico, 06/08/11)

On debt:

  • “The national debt has increased from $10.4 trillion to $14.3 trillion since Obama took office in 2009.” (Erik Wasson, “Obama economy guru: Fiscal imbalance ‘not materially worse,’” The Hill, 06/10/11)
  • “When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday.” (Jeff Cox, “US Is in Even Worse Shape Financially Than Greece: Gross,” CNBC, 06/13/11)

On economic recovery:

  • “‘We were able to, under President Obama’s leadership, turn this economy around,’ Wasserman-Schultz said. That may come as news to voters. In a recent CBS News poll, 79 percent said they thought the economy was bad, and isn’t going to get better anytime soon. Only 37 percent approve of how the President is handling it.” (Jan Crawford, “GOP’s economic focus may make Obama vulnerable,” CBS News, 06/13/11)
  • “The policies of the Obama administration have led to the weak condition of the American economy. Growth during the coming year will be subpar at best, leaving high or rising levels of unemployment and underemployment.” (Martin Feldstein, “The Economy is Worse Than You Think,” Wall Street Journal, 06/08/11)
  • By mid-2011, it was clear that Obama had done little to address the nation’s fundamental economic problems.” (Harold Meyerson, “How will history judge Obama’s economic policy?” Washington Post, 06/07/11
  • “A consensus is growing that President Obama’s economic policies are not getting us out of this mess, and never will.” (Mary Kate Cary, “Unemployment Rate Highlights Obama’s Failed Economic Policies,” U.S. News, 06/03/11)
  • “In the United States, a rash of sluggish indicators — especially related to the job market, manufacturing, consumer confidence and home sales — has economists worried about a stalled recovery.” (Christine Hauser, “Stocks Plunge Amid Fears That Global Economy Is Slowing,” New York Times, 06/10/11)

On home values:

  • “The road to economic recovery has developed some major potholes recently. First came housing data showing that prices had dropped to levels not seen since 2002.” (Editorial, “Our view: Focus on national debt, not another stimulus,” USA Today, 06/07/11)
  • The Obama administration’s inability to stem the foreclosure crisis ricocheted dramatically on Friday, as the Labor Department released unexpectedly low job-growth numbers that pushed the unemployment rate back over 9 percent.” (Zach Carter & Jennifer Bendery, “How Failed Obama Foreclosure Relief Plan Contributes to Jobs Crisis,” Huffington Post, 06/03/11 )

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