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Thursday, January 12, 2012

Obama owns it now! The Worst Economic 'Recovery' Since The Great Depression

"Supposedly a forward looking progressive, Obama proved to be America’s first backward looking regressive."
He is the anti-American backward looking socialist!
"Indeed, exactly none of President Obama’s policies have been well designed to restore economic recovery and traditional American prosperity. They have consistently been the opposite of everything that Reagan did to end the American decline of the 1970s, and restore booming growth for 25 years."

The Worst Economic Recovery Since The Great Depression - Forbes
Peter Ferrara, Contributor 1-12-12

The record of President Obama’s first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression.

The recession started in December, 2007. Go to the website of the National Bureau of Economic Research (www.nber.org) to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months.

When President Obama entered office in January, 2009, the recession was already in its 13th month. His responsibility was to manage a timely, robust recovery to get America back on track again. Based on the historical record, that recovery was imminent, within a couple of months or so. Despite widespread fear, nothing fundamental had changed to deprive America of the long term, world-leading prosperity it had enjoyed going back 300 years.

Supposedly a forward looking progressive, Obama proved to be America’s first backward looking regressive.

-read on at link-

Among the best recent primer on what not to do, and was done by Obama, is the History do the Depession by Amity Shlaes: "The Forgotten Man."

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