Monday, February 08, 2016
The last recession was over (according to the way the federal government figures these things) in June 2009, before any of Obama's ARRA programs hit the pavement and wallets of unions and government workers. And today he's taking credit for turning around the longest "Great Recession" in our country's history, and proud that unemployment is at 4.9%. Could be, but homelessness in Columbus is at an all time high, as is SNAP participation, and labor force participation is lower than in the 1970s, and people are scrambling to pay for health insurance. He even takes credit for the slowing increase in health care costs, even though that had been going on for 4 years before he took office, and is now on the way back up. The turn around we do have is because Republican governors pulled it out for their states with rebuilding small business and finding new sources of energy. The absurd length of this last recession's fits and starts economic "come back" can be laid right at his socialism feet. The only president who took longer was FDR.