Who Or What Says Obamanomics Is A Failure

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By Chuck Ring (GadaboutBlogalot ©2009 – 2010)

Quote Freely From The Article – Leave The Pseudonym Alone

The Washington Examiner for one “what” in an editorial opinion published yesterday (August 8, 2010).  The editorial writer had this to say in the first couple of paragraphs:

It’s no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday’s brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it’s easy to see why she would start looking for the exits.

Romer is best known for drafting the February 2009 report “The Job Impact of the American Recovery and Reinvestment Plan,” which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That’s not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

There are no kind or optimistic words set out in this editorial, but then, should we expect there would be given the dismal record of this administration efforts.  Now, one of the pseudo-agencies who helped to plot our course into wreck and ruin would like to have another  1.8 billion from our non-existent coffers.  I refer to Freddie-Mac that favorite of progressives everywhere, but particularly, one of the favorites of Mr. Dodd and Mr. Frank.

There are so many others waiting in line for special “doleouts” such as big labor, schools and what appears to be those who may be terminally unemployed.  Perhaps, there are main stream media types hypes that would disagree with the Examiner editorial or my paltry dos centavos.  If such be the case let’s hear from them or their ride-a-longs.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/Time-to-admit-Obamanomics-has-failed-1008050-100154469.html#ixzz0w9TIEQ6I

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