Thursday, June 9, 2011

Obama's Unemployment Graph of Shame

Remember back in the day where stimulus was being pitched as, without it, we'd see unemployment grow to nearly 9%?  Well, when plotting exactly what's happened, it is clear that the administration was either far too optimistic, completely clueless, lying, or some combination of the above. 

The graph is brutal, and will be a bludgeon for the Republicans to use throughout the election cycle.  Obama can't distance himself from it as far too much political capital has been spent on it.  You own this, Champ. 

In the mean time, check the last three data points.  Double-dip, or bumps in the road?  If you listen to our fearless leader it is the latter.  Too bad his track record on economic projection to this point has been an abject failure. 

Likewise, in a shockingly underreported analysis by USA Today, the country now has $61.6 trillion in unfunded future financial commitments.  Just to understand how big that is, here is what that number looks like when written out: $61,600,000,000,000.00 

Think about that! 

It comes out to $527,000 for each and every US household.  Here's hoping you have a spare half million lying around. 

The train wreck this administration is wreaking upon our economic survival is staggering.

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