Obama Pivots to the Economy...for the 11th Time!

Unfortunately, his record is dismal...and is only exceeded by that of FDR's extending the great depression by 7 more years...Here is what Obama has achieved economically:

• GOP.com put together this summary of Obama’s economic failures.
• “For The Second Consecutive Year, Neither The Official Poverty Rate Nor The Number Of People In Poverty At The National Level Were Statistically Different From The Previous Year’s Estimates.” (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13)
• As Of 2012, There Are 46.5 Million Americans Living In Poverty. (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13)
• Under Obama, The Poverty Rate Has Increased From 13.2 Percent To 15 Percent. (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13; Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2008,” U.S. Census Bureau, 9/09)
• Under Obama, 6.7 Million More Americans Have Fallen Into Poverty. (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13; Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2008,” U.S. Census Bureau, 9/09)
• Under Obama, The Gini Coefficient – Used To Measure The Degree Of Income Inequality – Has Increased From .466 To .477. (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13; Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2008,” U.S. Census Bureau, 9/09)
• From 2011 To 2012, Median Income Declined From $51,100 To $51,017. (Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, And Health Insurance Coverage In The United States: 2012,” U.S. Census Bureau, 9/17/13)
• Since Obama Took Office, The Average Duration Of Unemployment Has Nearly Doubled From 19.8 Weeks To 36.1 Weeks. (Bureau Of Labor Statistics, Accessed 12/4/13)
• The Unemployment Rate Has Fallen “Almost Entirely” Because Fewer People Are Looking For Jobs, Rather Than Due To People Actually Finding Jobs. “The unemployment rate has dropped almost entirely because of this decline in labor force participation. In other words, it has not fallen because people are finding jobs. It has fallen because fewer people are looking for jobs.” (Binyamin Appelbaum, “Labor Force Participation Is Not Coming Back,” The New York Times‘ Economix Blog, 7/18/13)
• 21.6 Million Americans Are Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 12/4/13)
• “Nearly Two-Thirds Of Jobs Lost During The Recession Paid Middle-Class Wages, According To The National Employment Law Project. Yet Only 22 Percent Of Jobs Created Under Obama Are Mid-Wage Occupations.” “Nearly two-thirds of jobs lost during the recession paid middle-class wages, according to the National Employment Law Project. Yet only 22 percent of jobs created under Obama are mid-wage occupations. That disparity is what Obama had in mind when he declared in his Inaugural Address, ‘We know that America thrives when every person can find independence and pride in their work, when the wages of honest labor liberate families from the brink of hardship.’” (Ron Fournier, “Middle Class Falls, Wall Street Rises…And Washington Dithers,” National Journal, 5/31/13)
• Daniel Alpert, Managing Partner Of New York Investment Bank Westwood Capital, Says “We Have Become A Nation Of Hamburger Flippers, Wal-Mart Sales Associates, Barmaids, Checkout People And Other People Working At Very Low Wages.” “The majority of the jobs that have been created during the recovery have been low-paying jobs, worsening income inequality and keeping the economy sluggish. ‘Really we have become a nation of hamburger flippers, Wal-Mart sales associates, barmaids, checkout people and other people working at very low wages,’ Daniel Alpert, managing partner of New York investment bank Westwood Capital, told Yahoo Finance’s Daily Ticker. That’s why job growth is ‘not increasing consumption or the ability to go out and buy stuff.’” (Mark Gongloff, “July Jobs Report Masks Real Problems In U.S. Labor Market,” The Huffington Post, 8/2/13)
• There’s more….
• According To A July Chamber Of Commerce Poll, ObamaCare Now “Surpasses Economic Uncertainty As The Top Worry For Small Business Owners.” “Small business owners’ concern about the economy remained steady this quarter; however, their concern about the 2010 health care bill rose significantly in the past quarter and for the third quarter in a row (from 42% in January to 49% in June). Since June 2011, anxiety about the requirements of the law has increased by 10-points since and now surpasses economic uncertainty as the top worry for small business owners.” ( Harris Interactive/U.S. Chamber Of Commerce , 1304 Small Business Executives, MoE 2.5 %, 6/21/13-7/8/13)
• A Separate IFA Poll Shows That “Sixty-Four (64) Percent Of Business Decision-Makers In Franchise-Owned Businesses And 53 Percent Of Non-Franchisee-Owned Businesses Believe The ACA Will Have A Negative Impact On Their Businesses.” ( IFA/U.S. Chamber Of Commerce/Public Opinion Strategies , 414 Franchise-Owned And Non-Franchised Owned Businesses With 40 To 500 Employees, 11/13/13)
• “Twenty-Nine (29) Percent Of Franchise And 41 Percent Of Non-Franchise Businesses Are Already Seeing Health Care Costs Increase Due To The Law.” ( IFA/U.S. Chamber Of Commerce/Public Opinion Strategies , 414 Franchise-Owned And Non-Franchised Owned Businesses With 40 To 500 Employees, 11/13/13)
• The IFA Poll Shows That “The Employer Mandate Will Almost Double The Percentage Of Franchise-Owned Businesses And More Than Triple The Percentage Of Non-Franchise Businesses That Will Not Offer Health Care.” “Twenty-eight (28) percent of franchise and non-franchise businesses surveyed report that the employer mandate will mean they will drop coverage for their employees. In effect, among this segment of businesses, the employer mandate will almost double the percentage of franchise-owned businesses and more than triple the percentage of non-franchise businesses that will not offer health care.” ( IFA/U.S. Chamber Of Commerce/Public Opinion Strategies , 414 Franchise-Owned And Non-Franchised Owned Businesses With 40 To 500 Employees, 11/13/13)
• “Employers Around The Country Are Reducing Employee Hours Because They Can’t Afford ObamaCare. “Employers around the country, from fast-food franchises to colleges, have told NBC News that they will be cutting workers’ hours below 30 a week because they can’t afford to offer the health insurance mandated by the Affordable Care Act, also known as ObamaCare.” (Lisa Myers and Carroll Ann Mears, “Businesses Claim ObamaCare Has Forced Them To Cut Employee Hours,” NBC News, 8/13/13)

As you can see, he's not done too well.  Eventually,  he's going to have to stop blaming Bush for all his economic woes...

HT  The Gateway Pundit

"It's All Bush's Fault": Episode 572

I found this on the Daily Caller article that describes the 2012 Obama campaign not having any new ideas...except blaming everything on Bush!  From the comments,

George Bush, who doesn't have a vote in Congress and who no longer occupies The White House, is to blame for it all.
He broke Obama's promise to put all bills on the White House web site for five days before signing them.
He broke Obama's promise to have the congressional health care negotiations broadcast live on C-SPAN.
He broke Obama's promise to end earmarks.
He broke Obama's promise to keep unemployment from rising above 8 percent.
He broke Obama's promise to close the detention center at Guantanamo in the first year.
He broke Obama's promise, to make peace with direct, no precondition talks with America 's most hate-filled enemies during his first year in office, ushering in a new era of global cooperation.
He broke Obama's promise to end the hiring of former lobbyists into high White House jobs.
He broke Obama's promise to end no-compete contracts with the government.
He broke Obama's promise to disclose the names of all attendees at closed White House meetings.
He broke Obama's promise for a new era of bipartisan cooperation in all matters.
He broke Obama's promise to have chosen...

...and that's all Mr. Obama has been able to say for the past three and a half years. He still refuses to take responsibility for adding 70% to the national deficit...nor accept responsibility for the regulatory strangle hold his administration has placed upon American businesses. 

Last week, a journalist was excoriated for simply asking a "hard" question  of the president...something 99% of the DC press corps has refused to do.  Eventually, Mr. Obama will have to face voters and aswer for what his administration has done.   I suspect that he'll use the Jimmy Carter precident of being "retired by the voters."...

It's All Bush's Fault; Part 428

During his speech inaugerating the Martin Luther King, Jr. monument (which was made in China by slave labour), he spent most of the speech pushing for "redistribution of wealth" and blaming his predecessor for the country's economic woes.

Barack Obama bashed Bush and pushed “change” and redistribution of wealth during his speech today at the Martin Luther King Jr. Memorial. What could have been a unifying moment turned into a campaign speech. Nice work, Barack.

Transcript:

Nearly 50 years after the March on Washington, our work, Dr. King’s work, is not yet complete. We gather here at a moment of great challenge and great change. In the first decade of this new century, we have been tested by war and by tragedy; by an economic crisis and its aftermath that has left millions out of work, and poverty on the rise, and millions more just struggling to get by. Indeed, even before this crisis struck, we had endured a decade of rising inequality and stagnant wages. In too many troubled neighborhoods across the country, the conditions of our poorest citizens appear little changed from what existed 50 years ago -– neighborhoods with underfunded schools and broken-down slums, inadequate health care, constant violence, neighborhoods in which too many young people grow up with little hope and few prospects for the future.  

Our work is not done. And so on this day, in which we celebrate a man and a movement that did so much for this country, let us draw strength from those earlier struggles. First and foremost, let us remember that change has never been quick. Change has never been simple, or without controversy. Change depends on persistence. Change requires determination. It took a full decade before the moral guidance of Brown v. Board of Education was translated into the enforcement measures of the Civil Rights Act and the Voting Rights Act, but those 10 long years did not lead Dr. King to give up. He kept on pushing, he kept on speaking, he kept on marching until change finally came. (Applause.)  

And then when, even after the Civil Rights Act and the Voting Rights Act passed, African Americans still found themselves trapped in pockets of poverty across the country, Dr. King didn’t say those laws were a failure; he didn’t say this is too hard; he didn’t say, let’s settle for what we got and go home. Instead he said, let’s take those victories and broaden our mission to achieve not just civil and political equality but also economic justice; let’s fight for a living wage and better schools and jobs for all who are willing to work. In other words, when met with hardship, when confronting disappointment, Dr. King refused to accept what he called the “isness” of today. He kept pushing towards the “oughtness” of tomorrow… {All emphasis is mine, Ed.}

Eventually, Mr. Obama will realize that this isn't what the country wants...that "Class War" just doesn't sell very well in America. Here's the new face of the [Social] Democratic Party.

Liz Cheney said on FoxNews this morning that,

“In terms of President Obama, what he’s doing politically he may think makes sense. I think it’s actually scarier than that, though. I think he really believes it. I think that he’s not put forward so many policies that aren’t working economically and that are not working for him politically that you’ve got to at some point it must be ideology. It must be that he really believes in redistribution of the wealth. He really believes in increasing capital gains tax even if it means lower revenues to the treasury. It’s something new that we’ve seen from a president in a long time and I think it’s very concerning.”

When Mr. Obama was confronted by Joe the Plumber in 2008, he was merely saying what he really believes...that the only way to economic prosperity for this country is to take away from those who do the work, and give it to those who won't work.