A Year in Review: Obama’s “Recovery Summer”

It’s been a year since President Obama launched his “Recovery Summer,” a politicized PR blitz to try and bolster support for his now-failed stimulus bill. Last year, the President and his administration toured the country praising the stimulus’ “successes”:

“This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.” – David Axelrod

“[T]here is mounting independent evidence that the Recovery Act and other job-creation efforts are spurring an American economic recovery.” – House Minority Leader Nancy Pelosi

“Folks, the act is working,” and “more people are going to be put to work this summer.” – Vice President Joe Biden

The stimulus is creating “progress all across the country. Businesses are beginning to hire again.” The economy “is now growing at a good clip.”– President Barack Obama

So where are we a year later?

  • 9.1% Unemployment
  • 19.1% Unemployment (including those who have stopped looking)
  • 14 million Americans unemployed
  • 1.9 million jobs lost since the stimulus was enacted
  • 414,000 new people filing for unemployment
  • 39.7 weeks is the average time an unemployed person has been looking for work
  • Highest sustained unemployment since the Great Depression
  • 44 million people on food stamps
  • 45% of people receive healthcare from their employer (down since Obamacare)
  • 48% of American’s think another great depression is coming
  • 59% of American’s disapprove of President Obama’s handling of the economy

How’s that for a recovery? This, by no means, should be celebrated as a failure of the President, because his failure is hurting our economy and jeopardizing our future. If we want to truly turn this country around, we need to enact commonsense reforms like Cut, Cap and Balance, the Paul Ryan budget plan, or the Heritage Foundation’s “Saving the American Dream.”

It’s never too late to get it right, but the President sure is making it a lot harder.

Please Share Your Thoughts
  • http://www.examiner.com/coffee-party-in-tampa-bay/phil-davis Phil Davis

    He is either incredibly stupid along with those he hired or incredibly smart along with those he hired? Which one do you think he and his cohorts are? Answer: Incredibly smart? Let me explain that answer. They are destroying the economy on purpose! It fits his and his cohort’s ideology! OH, I wish it was November 2012!! :0(

  • Lindy L. Busby, MSgt, USAF (ret)

    Retirement income including Social Security is less that $50,ooo. per year. I always receive a refund each year. I was notified by AF retirement that beginning in April 2011, an additional $32.00 per month will be extracted from my retirement check. I have checked with other retired members including other branches of Service and find the same hasappened to them. Please find out who is responsible for this. If this has happened to all branches of military service retirees, it would amount to a large contribution.. Thank you

    • http://YAHOO THOMAS CARTER

      DEAR RETIRED THE GOVERNMENT PROMISED HIGHER TAXES FOR THOSE WHOM HAS OR EXCEEDS YOUR INCOME, HISTORICALLY THE OBAMA ADMINISTRATION KEEPS IT’S WORD .HIS AGENDA IS TO TAKE FROM THE BETTER OFF AND GIVE IT TO THE PEOPLE THAT DONT EARN IT,I FEEL THAT OUR GOVERNMENT DOESNT CARE ANY MORE FOR IT’S RETIRED THAN IT DOES FOR THE YEARS OF SERVICE YOU GAVE,OR AMERICA IN GENERAL.

  • http://YAHOO THOMAS CARTER

    THIS HAS BEEN THE EDIOLOGY FOR THIS COUNTRY SINCE THE CLINTON ERA,EVEN IF THERE WAS A UNAIMUS VOTE FOR THE REPUBLICAN PARTY ,TODAY IT WOULD STILL TAKE TWENTY YEARS FOR THIS COUNTRY TO RETURN ALL THE FREEDOMS ,ECONOMIC REBUILDING,RETURNING RIGHTS TO CREATE WORK WITHOUT INFRINGMENT,TAKE OUT OBSTICLES,PREVENTING ”REFORM” AND DOWNSIZEING A BURACRACY,TRYING TO SAVE THE WORLD.THE GOVERNMENT REALLY HAS ”NO AGENDA”TO RETURN MUCH IF ANY OF THE THINGS IT HAS DELIBERATLY TAKEN FROM IT’S CITIZENS,INSTEAD THEY WILL CONTINUE TO LINGER FOR DECADES UNTILL AMERICA IS ”NO MORE”

  • Lindy L. Busby, MSgt, USAF (ret)

    HAS INCOME TAX BRACKETS CHANGED??