Remember that famous sign on President Harry Truman’s desk? It’s nowhere near President Obama’s Oval Office! From William Teach:
July 6, 2012 – 2:49 pm
(Daily Caller) Gov. Mitt Romney quickly dismissed today’s effort by President Barack Obama’s campaign to downplay the bad news in the June jobs-report issued by the Bureau of Labor Statistics at 8.30 a.m.
Obama’s chief strategist, David Axelrod, tweeted out a diversion at 9:01 a.m. that showcased a June 2006 video of Massachusetts Governor Romney saying that a new executive’s policies can’t lower the unemployment rate immediately.
But Romney used his 10:00 a.m. press event to refute the video, telling reporters that Obama’s “policies have not worked… over four years.”
An unemployment rate that has remained for “forty-one months above 8 percent pretty much defines lack of success,” Romney said in response to a reporter’s shouted question about the video after the press secretary had announced the event was over.
Obviously, when Obama’s had well over 3 years to Do Something it can’t possibly be his fault that the jobs report stinks. And has been stinking. The man takes responsibility for nothing that happens under his watch thanks to his policies, such as they are.
Of course, had the job report been great, President Obama and his minions would be the first to claim credit for the good news.
In February of 2009, as his FY2009 Omnibus Budget Act and the American Recovery and Reinvestment Act bills were before the Congress, told us that he and his Administration had three years to fix the economy, and that it was “a great thing” that he would be “held accountable.”
If the economy had been fixed, President Obama would be a shoe-in for re-election, and the Democrats would be in strong control of the Congress. But it seems that what our 44th President said would be a great thing, him being held accountable, isn’t turning out so great for him or the Democrats.
The Administration’s response?
Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.
What’s that you say? Where’s the link for that quote? The Romney campaign went through and documented it for us, noting that the Obama Administration’s press releases have used the formulation “it is important not to read too much into any one monthly report,” or a very similar variation, thirty times since November of 2009. (Hat tip to Weasel Zippers, via Karen.
The obvious question is: just how many monthly reports does it take before we can read something important into them?
The President was kind enough to give us actual markers for his performance on the economy. The 2009 American Recovery and Reinvestment Act was supposed to hold unemployment to a maximum of 8%, and the President’s minions projected that it would be roughly 5.6% by now; it hasn’t even gotten down to 8% yet! And, as seen above, the President himself told us, in February of 2009, that he had three years to get the economy fixed. That three years has elapsed, and in that time unemployment is still above 8% (8.2% for June of 2012), we are seeing more people go on disability per month than we are seeing jobs created, the national debt stood at $15,856,367,214,324.44 at the end of June, an increase of $5.229 trillion since he was inaugurated,1 and your Editor wonders: could the economic record of the Obama Administration have been any worse if they were deliberately trying to foul things up?
By the markers President Obama himself specified, he and his Administration have failed. The President set up his own grading system, and failed to meet it, failed to come even close.
- More than the total increase in the national debt during eight years under President Bush, something Senator Barack Obama (D-IL) called “irresponsible” and “unpatriotic.” ↩