Cartoon by Gary Varvel at Townhall.com
Obamanomics has failed.
Even the media in Washington now recognizes that Obamanomics is a failure at reducing unemployment and doing anything more than clinging to a stalled economy. Certainly an economy such at the US's could take a significant amount of time to fully recover from the collapse at the end of Bush's administration, but on top of the recession, Obama and his Congress has succeeded in far outstripping Bush in debt and deficit, created economic uncertainty with the new regulation bill, has stalled the unemployment (and underemployment) numbers, and has lost the confidence of a large majority of Americans.
Way to go President Obama! Don't let the door hit you and your congressional cronies on the way out.
Take a look at this quick and accurate op-ed piece from the Washington Examiner. Here are some excerpts:
Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies....
The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it's time for everybody in this town to admit it so we can move on.
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