The New Obama Paradigm

The New Obama Paradigm: "We the people have certainly come a long way since President Obama was inaugurated a little over two years ago. In January of 2009, the nation was at the precipice; or experiencing, as Obama and others referred to it, “…the greatest economic crisis since the Great Depression.” True. Things were bad and getting worse. But let us take a little bit of a retrospective and look back upon where we’ve been and how far we’ve come under twenty-six months of Obama.

In January 2009, when Obama took the reins, the nation’s unemployment rate stood at 7.7 percent. Four months later, it was 9.4 percent. It peaked in October of 2009 at 10.1 percent and, until February of ’11, had been at or above 9.0 percent for almost two full years. Since his inauguration, unemployment has averaged 9.4 percent; and that is giving Obama credit for the 7.7 percent low that was recorded the month that he assumed office. This represents quite an accomplishment on the Democrats’ part – given that we the taxpayers were told that, by passing the $787 billion stimulus package, unemployment would not exceed 8.0 percent. The act passed in February of ’09, future generations are on the hook for another trillion dollars, and unemployment has not been below 8-1/2 percent in two years."

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