Saturday, February 4, 2012

Was This Really the Best We Could Do?


My Democrat friends are very excited that unemployment dipped to 8.3% yesterday. How much of this was due to people leaving the workforce (rather than job creation) is a legitimate debate. However, putting that aside, the recession began four and a half years ago and has been over for almost three. Regardless of who you assign the blame to, the recovery has been astonishingly poor as we approach a half decade of economic doldrums. And, this sluggishness is occurring after $5-6 trillion of deficit spending.

As the 2012 election approaches, there will be many passionate defenses of President Obama's economic policies. It will be argued that he made the best of a terrible situation. The persistent sluggishness will be presented as evidence that what was inherited was awful.

When you hear these assertions ask yourself the following questions: Would you agree to replicating President Obama's economic policies the next time we head into a recession? Is the Obama Administration the blueprint for future economic troubles?

Somehow, I think the answer to both is no, rendering the current defenses of President Obama highly suspect.

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