Tuesday, June 29, 2010

The Democratic Party's Failed Economic Record:

The Story the State-Run Media refused to run.

In October 2006 when the US electorate elected the Democrats to run Congress the US Unemployment was 4.4%.  This was below the average unemployment rate of the 70s, 80s, or 90s.  The Democratic Party campaigned on bringing "change" to America.  And change we got.  Almost immediately the unemployment rate began to go up and today is hovering near 10%.  Despite the fact that his party, the Democrats,  controlled Congress, and the spending, Barack Obama was able to run against Congress and was elected in 2008.  Not surprising with the Democrats in firm control of Congress the unemployment rate steadily increased to its current 9.7%.

The record is clear.  This party is beneath incompetent.  They are clueless.  Worse - they are dangerous.  The graph below details the way the unemployment rate has gone UP since January 2007.
2007-01 4.60 4.6 Bush, G.W.
2007-02 4.50 4.5  
2007-03 4.40 4.4  
2007-04 4.50 4.5  
2007-05 4.40 4.4  
2007-06 4.60 4.6  
2007-07 4.60 4.6   Min. Wage = $5.85
2007-08 4.60 4.6  
2007-09 4.70 4.7  
2007-10 4.70 4.7  
2007-11 4.70 4.7  
2007-12 5.00 5  
2008-01 5.00 5  
2008-02 4.80 4.8  
2008-03 5.10 5.1  
2008-04 5.00 5  
2008-05 5.40 5.4  
2008-06 5.50 5.5  
2008-07 5.80 5.8  
2008-08 6.10 6.1  
2008-09 6.20 6.2  
2008-10 6.60 6.6  
2008-11 6.90 6.9  
2008-12 7.40 7.4  
2009-01 7.70 7.7 Obama
2009-02 8.20 8.2  
2009-03 8.60 8.6  
2009-04 8.90 8.9  
2009-05 9.40 9.4  
2009-06 9.50 9.5  
2009-07 9.40 9.4  
2009-08 9.70 9.7  
2009-09 9.80 9.8  
2009-10 10.10 10.1  
2009-11 10.00 10  
2009-12 10.00 10  
2010-01 9.70 9.7  
2010-02 9.70 9.7  
2010-03 9.70 9.7  
2010-04 9.90 9.9  
2010-05 9.70 9.7  


Gateway Pundit said it better than anyone has!
For the record…
Barack Obama is the worst president in history on job creation–
According to data from the U.S. Bureau of Labor Statistics, the U.S. shed 2.3 million jobs since February 2009, Obama’s first full month in office. Since Obama’s election in 2008, the US economy has shed 4.4 million jobs. That’s worse than Herbert Hoover.

Hat Tip to Misery Index for the graphs.

5 comments:

Teresa said...

Yes, Obama has surpassed Jimmy Carter to take the title: The Worst President in History!

MrIndieDay said...

I know these numbers are staggering, but waiting for the second half of his term to complete before making claims would be fair.

smolkjh said...

hi

nonyo said...

Ur blaming unemployment on minimum wage hike?

That's irrational and greedy.

Boethius said...

Wow. This is so ironic that if it weren't so very sad and demoralizing, it would be quite funny.