THE BIG FAIL: Look Out The Window

As Obama Travels Across The Country In A Last-Minute Bid For Votes, America’s Middle Class Deserves An Explanation For His Failed Policies

 

“Sometimes All President Barack Obama Has To Do Is Look Out The Window To Get A Firsthand Look At The Country’s Economic Woes.” (Julie Pace, “Rough Economy In Clear View For Obama On The Road,” The Associated Press, 10/2/12)

OVER THREE YEARS OF OBAMA’S FAILED POLICIES HAVE LEFT THE MIDDLE CLASS IN A SQUEEZE OF HISTORIC PROPORTIONS

“Obama, Who Came Into Office Promising To Bolster The Middle Class And Reduce Inequality, Has Presided Over A Turbulent Economy That So Far Has Done Neither.”“Analysts call continuing high levels of joblessness a prime factor in the income and wealth declines that have continued for most Americans even after the recession ended. Obama, who came into office promising to bolster the middle class and reduce inequality, has presided over a turbulent economy that so far has done neither.” (Michael A. Fletcher, “Obama’s Record: Struggling To Bring Back Jobs,” The Washington Post , 10/18/12)

• “The Tepid Pace Of Job Creation Looms As Perhaps The President’s Biggest Political Vulnerability As His Re-Election Campaign Enters Its Final Weeks.” “The tepid pace of job creation looms as perhaps the president’s biggest political vulnerability as his re-election campaign enters its final weeks. The unemployment rate had been stuck above 8 percent for 43 consecutive months before falling to 7.8 percent in September. Still, nearly 5 million Americans have been out of work for six months or more.” (Michael A. Fletcher, “Obama’s Record: Struggling To Bring Back Jobs,” The Washington Post , 10/18/12)

• “[T]he President’s Policies Have Failed To Ignite Anything Close To The Robust Jobs Growth Needed To Overcome The Horrific Losses Caused By The Downturn.” “The aggressive series of actions helped construct a floor under the most severe economic collapse since the Great Depression, many economists agree. Yet, the president’s policies have failed to ignite anything close to the robust jobs growth needed to overcome the horrific losses caused by the downturn.” (Michael A. Fletcher, “Obama’s Record: Struggling To Bring Back Jobs,” The Washington Post , 10/18/12)

The Washington Post Headline: “Census: Middle Class Shrinks To An All-Time Low”(Carol Morello, “Census: Middle Class Shrinks To An All-Time Low,” The Washington Post , 9/12/12)

“Far From A New Dawn Of Broad-Based Growth, America’s Middle Class Decline Is Getting Worse.” “Second, the hollowing out of America’s middle class – still politely described as median income stagnation rather than ‘decline’ – is accelerating rather than slowing. According to the US Census last week, the US median household is 4.8 per cent poorer now than at the start of the recovery in 2009. Median incomes have now fallen to the pre-internet level of 1993. All of the gains of the Clinton years have been lost. The decline in the past three years follows a 3.2 per cent drop during the recession, which itself followed a shrinkage during the 2000-2007 cycle. Far from a new dawn of broad-based growth, America’s middle class decline is getting worse.” (Edward Luce, “The US Economy Is Still In A Sorry State,” Financial Times, 9/23/12)

Via: GOP.com

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