In a speech given on a recent campaign stop in Iowa, our stellar Vice President, old "Slow Joe" Biden, stubbornly continued to play the blame game as he insisted that the continuing high level of unemployment is all because of what he described as, “this God-awful recession we’ve inherited.” So even after more than three years of implementing all manner of polices that have succeeded in only making things very much worse, these guys can still make the claim, and with a straight face, that it remains all Bush's fault. Don't you just love these liberals? The consequences of their actions are somehow never to be considered as being their fault. I've heard that liberalism is a mental disorder, maybe there is more that just a little truth to that. I mean how else can you explain this blatant disregard for the truth or this complete unwillingness to accept any responsibility whatsoever for anything that has transpired over the course of the last three years? It wasn't Bush's policies that have made things so much worse, it's been the policies of Barack Hussein Obama!
Now according to the non-partisan National Bureau of Economic Research, the last recession began in December 2007 and ended in June 2009, a mere five months into Barry and "Slow Joe’s" first, and hopefully last, term in office. In the 33 months since the recession ended, at least according to the NBER, the U.S. economy has been in a period of expansion. Oddly enough, one of the current members of that NBER committee which determines when recessions begin and end is someone by the name of Christina Romer, who, as it just so happens, formerly served as chairperson of Barry’s Council of Economic Advisers. Now a little side note here on old Christina, is that less than two weeks before Barry took office in 2009, she published a little report that made the claim that Barry's stimulus plan, if enacted, would keep unemployment under 8 percent. In fact, unemployment has never been under 8 percent since then, even though in February 2009 Congress enacted Barry's plan, which the Congressional Budget Office estimated at that time would cost $787 billion, but ended up costing much more.
So in a way that only he can, "Slow Joe" attempted to explain what he believes is happening in the U.S. economy. "Slow Joe" told those assembled crowd in Davenport, Iowa, a story, a fairytale if you will, about his dear departed father. “He said, Joey, you got to understand one thing, a job is about a lot more than a paycheck,” said "Slow Joe". “It’s about your dignity. It’s about your respect. It’s about your sense of yourself. It’s about your place in the community." Man, that's too funny. Is anybody buying any of this gibberish? Joey? Really? How about "Slow Joey?" But old "Slow Joe" wasn't finished with his silly little story, going on to say that, “And too many people have been stripped of their dignity as a consequence of this God-awful recession we’ve inherited.” Adding, “And we’re determined--we’re determined--I think all of us, Republican and Democrat--are determined to turn that around.” Well, I suppose he's half right. But I think you'd be pretty hard pressed to find a single Democrat anywhere, whose willing to do what's really necessary to actually get this thing turned around.
The "expansion" that supposedly began in June 2009, when the last recession is said to have ended, has not seen any of the growth in real GDP nor any of the decrease in unemployment that has occurred in other recent economic expansions. In no quarter of Barry "Almighty’s" presidency, at least according to the Commerce Department’s Bureau of Economic Analysis, has real GDP grown at an annual rate of as much as 4 percent. The most robust growth during the Barry "Almighty" presidency occurred in the first quarter of 2010 when real GDP grew at a rate of 3.9 percent. In the last four quarters, real GDP has grown by 0.4, 1.3, 1.8 and 3.0 percent. President George W. Bush also experienced a recession in the early months of his presidency. That recession, according to NBER, began in March 2001 and ended in November 2001. But by the third quarter of 2003, according to BEA, real GDP was growing at a rate of 6.7 percent. Over the course of 2004, the year that Bush sought reelection, real GDP grew at 3.5 percent.
During George W. Bush’s first term, unemployment peaked at 6.3 percent in June 2003, according to the Bureau of Labor Statistics. During the election year of 2004, unemployment stayed below 6 percent, peaking that year at 5.8 percent in March. The highest that unemployment went during George W. Bush’s presidency was 7.8 percent—the level it hit in January 2009, the month Bush handed over the office to Barry. Since Barry’s coronation, unemployment has never been lower than 8.3 percent in any given month. That is the level unemployment hit in February 2009, Barry’s first full month in Office. That is also the level it stood at in February 2012 after Barry had been president for three full years. Prior to Barry’s presidency, the last time unemployment was as high as 8.0 percent was in January 1984, the year President Reagan sought reelection. In 1984, however, according to the BEA, the U.S. economy was booming, growing at a 7.5 percent pace for the year. From January to November of 2004, unemployment dropped from 8.0 percent to 7.2 percent.
I guess I'm more than a little confused on exactly how it is that, the incredible amount of spending that has taken place, the sky rocketing cost of food and fuel, the fact that we now have more people living in poverty and on the government dole than ever before, and all having occurred over the course of the last three years, can somehow still be attributed to Bush. It's like I'm living in some weird alternate universe where everything is the complete opposite of what it seems. The Democrat mission here appears to be one where they go about the wreaking of as much havoc as possible while at the same time working to convince the American people that none of the resulting damage is because of anything that they might have done. And with an army of willing accomplices in the state-controlled media more often than not Democrats are never held accountable. All they do is to point their boney old fingers at the other guys and say it's all their fault and they allowed to get away with it. So once again here we have old "Slow Joe" busy perpetuating the party line and continuing to blame the guy who left town over 3 years ago.
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