We The People

We The People Will NOT Be Silenced!

Wednesday, May 2, 2012

Dude, Where's My Recovery?

 From the American Spectator
The record of President Obama's first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression. The American people are much poorer now because of that, and will remain poorer, falling farther and farther behind, until we change course and restore traditional American prosperity.
The recession started in December, 2007. Go to the website of the National Bureau of Economic Research to see the complete history of America's recessions. What that history shows is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months.

Yes, the economy was in recession when President Obama entered office, which he never tires of telling us. But that was not unique to Obama. There have been 12 recessions in America since the Great Depression. The American people have forgotten what that was like because President Reagan and his Reaganite Republicans gave us a 25 year economic boom from 1982 to 2007 with no serious downturn. President Obama's responsibility was to manage a timely, robust recovery to get America back on track again. His record in achieving that is not to be measured from the worst of the recession, but to previous recoveries in U.S. history. And, no, President Obama cannot say that his recovery is so bad because the recession was so bad (worse than he thought he now tells us, after spending all of 2008 telling us it was the worst recession since the Great Depression).


  1. We won't recover if Obama's reelected, THAT is for sure...........excellent point about how long previous recessions lasted. Man, this Obama and Geithner duo has about done us in!
    So scary.

  2. Great Post. Couldn't agree more. Another of thousands of lies btw- that obama was going to hit the ground running and knew just what needed to be done.

    Course, a couple years later, he was yukking it up about how there really weren't any shovel ready jobs. Man, I hate this POS, but somehow I hate the ignorance that supports it even more.