Barack Obama’s Vanishing Economic Recovery!


By: Richard H. Frank

This morning, June 9, 2011 marked the 9th consecutive week where new first time claims for unemployment exceeded 400,000. This fact is in spite of the President claiming that the economy is in recovery and his policies are responsible for the creation of between 2.5 and 3.0 million new jobs. I may not have a Harvard education but am better than the average bear when it comes to arithmetic. If we have had 400,000 new claims per week for the last nine consecutive weeks that equates to 3.6 million Americans that have lost their jobs. The last time I looked 3.6 is larger than 2.5 and 3.0 which means we have gone backwards in job creation under the policies of Obamanomics.

According to the President we should not be concerned as this is just a “blip” that is probably due to seasonal adjustments that will disappear over the coming weeks. He is certain we are not entering a double dip recession and that this small anomaly is only temporary in nature. Temporary for Obama means three or four years based on his prediction that unemployment would not exceed 8% if we adopted his irresponsible stimulus spending program with shovel ready projects geared to produce 500,000 new jobs per month according to Joe Biden.

Just how long will it be before the mainstream media begins to report the truth about the failed policies of this Administration? Energy costs continue to skyrocket, home real estate values deteriorate with each passing month and the misery index resulting from creeping inflation are devastating for senior citizens and low-income families.

In the meantime Congress sits on its hands and refuses to do the bidding of the electorate. I am not sure this nation can recover from the damage done by the Obama Administration during four years pursuing  his socialist agenda. Earlier this week the President said he wakes each morning and his first thoughts are how to create jobs and spur economic growth for America. Apparently those thoughts are fleeting as he then decides where he will travel  for the 2012 election and when his next tee time is scheduled to take place.

The Obama summer of recovery of 2010 vanished before it began and all signs for 2011 point to further deterioration. Now is the time for change we can truly believe in and not the change Barack Obama has imposed upon this once proud nation.  I anticipate summer will be spent by many people in this country growing their own fruit and vegetables and not putting those expensive beef steaks and hamburgers on the grill!

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