Monday, August 23, 2010

The Deluded v. The Facts

Over here, you find The Deluded. In the combox is someone who considers himself an "economic expert", who states that the terrific "jobs" situation since Porkulus proves beyond a doubt that Teh Won is really the messiah.

On the other hand, there are those damn pesky facts, recited by Hennessey.

At 9.5%, the unemployment rate is 1.8 percentage points higher today than when the President took office. There are 3.3 million fewer U.S. jobs than there were in January 2009. The U.S. economy has lost jobs in 12 of the 18 months he has been office, including the last two months.

And all of those claims are supported by linked footnotes.

Oh, yes. It gets worse.

...Assuming his economic agenda is enacted into law, the Obama administration projects unemployment would average 9.0% over four years of the President’s term. If you assume he is re-elected, they project unemployment over his two terms would average 7.6%.

For comparison, unemployment during former President Bill Clinton’s tenure averaged 5.2% and during President George W. Bush’s tenure it averaged 5.3%. Former President Jimmy Carter’s unemployment rate averaged 6.5%.

Ideologue that he is, Obama will never sway from his course, although he will be severely hampered (we hope) by a Republican House beginning January.

If they don't stop him, the situation will become extremely unstable.

No comments: