Guess not.
For some reason, their “spend your way out of a recession” plan did not work.
The Obama-Pelosi Regime tripled the national deficit in one year.
(The Captain’s Comments)
Then they did it again.
They doubled the unemployment rate from where it was when they took over Congress.
(Source: US Misery Index)
48 of 50 states have lost jobs since they rammed through their Trillion dollar stimulus bill. The Obama-Pelosi economic plan resulted in a cumulative 7.5 million jobs deficit. In fact, Barack Obama is the worst jobs president since the Great Depression.
Tonight the former community organizer told “60 Minutes”, “I get discouraged. I thought the economy would have gotten better by now.”
The Politico reported:
Asked by correspondent Steve Kroft if it were true, as Republicans have suggested, that the election was a referendum on him and the Democratic Party, Obama replied: “I think first and foremost, it was a referendum on the economy. And the party in power was held responsible for an economy that is still underperforming and where a lot of folks are still hurting.
He acknowledged that he thought the economy would have improved more and that he sometimes feels powerless when it comes to spurring growth.
“I do get discouraged, I mean, there are times where I thought the economy would [have] gotten better by now,” Obama said. “As president… you’re held responsible for everything. But you don’t always have control of everything. Especially an economy this big— there are limited tools to encourage— the kind of job growth that we need,” he said, quickly adding that he was “positive” that the U.S. economy will eventually rebound.
