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August 03, 2010

And So It Begins … President Obama Blamed for Bad Economy Over George W. Bush … Geithner Says Unemployment to Go Up

Posted in: 2010 Elections,2012 Elections,Barack Obama,Economy,Jobs,Obamacare,Obamanation,Obamanomics,Polls,Rasmussen,Unemployment

The Economic Buck Finally Stops with Barack Obama … Welcome to the Obama Economy.

The tipping point has been reached … American voters now blame President Barack Hussein Obama for the economy over George W. Bush. For the first time American voters now see that Obama’s policies are just as much to blame for the bad economy as was former President George Bush and the trending to heading toward blaming Obama. In May 2009 only 29% blamed Barack Obama for the economy, you’ve come a long way Obama. Look for this trend to only get worse as at some point Obama must face the reality that he ran on fixing a bad economy that he has in many respects only made worse.

President Barack Obama has blamed former President GWB for the economy and continues to do so 18 months into his Presidency. Obama takes no responsibility for his liberal policies that have all but cut off any chance of a job recovery. Obama promised that his $787 billion stimulus plan would create jobs and keep unemployment at 8%. It did neither as we watch a jobless recovery, and out of control federal deficit and what ObamaTreasury Secretary Tim Geithner is calling an unemployment rate that will rise before it goes down.

Treasury Secretary Timothy Geithner acknowledged that it is still a “tough economy” for most Americans, and warned it’s possible the unemployment rate will go up for a couple of months before it comes down as more people enter the labor force.

“When they see a little hope that there may be jobs out there, they start to come back in again. And that can cause the measured unemployment rate to go up — temporarily,” Geithner told “Good Morning America’s” George Stephanopoulos in an exclusive interview. “But what we expect to see, and I think most forecasters expect this…is an economy that’s gradually healing, gradually strengthening, businesses starting to add people back.”

The economy is not rebounding as quickly as Geithner and the Obama administration would like, he said.

Obama is in deep trouble in the polls. The One has consistently fallen month after month and there appears to be no bottom to his job approval numbers.


Barack Obama is in tremendous trouble as his poll numbers have fallen and they can’t get up. It has become a “Perfect Storm” of negative effects as all are coming together less than 100 days before the November midterm elections. His popularity is non-existent as Democrats run from him when he visits their state like he has then plague. Democrats thought that by passingramming Obamacare down the throats of Americans early, that us wee peasants would forget. Americans did not forget Obamacare, they are revisiting it and are as angry as ever about it.

One of the more illuminating remarks during the health-care debate in Congress came when House Speaker Nancy Pelosi told an audience that Democrats would “pass the bill so you can find out what’s in it, away from the fog of controversy.”

That remark captured the truth that, while many Americans have a vague sense that something bad is happening to their health care, few if any understand exactly what the law does.

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