Just an economy that used to grow?
Even a talker as talented as President Obama can’t do the
impossible: Persuade Americans that the three-year-old economic
“recovery” is anything other than pathetic.
Growth is sinking back toward the recession red zone and unemployment’s firmly stuck at over 8 percent for 42 straight months.
It’s no wonder a new Gallup poll finds 75 percent of us “dissatisfied” with the direction of the country. Or that a CNNsurvey
finds that twice as many Americans (39 percent) think the economy is
still mired in recession than think it recovering (19 percent).
So Obama isn’t even trying to make the “Morning in America” case for his re-election. He now concedes that “the economy isn’t where it needs to be” and that “we have a lot more work to do.” But he’s quick to add that the Not-So-Great Recovery isn’t his fault, saying: “Throughout history, it has typically taken countries up to 10 years to recover fromfinancial crises of this magnitude.”
Growth is sinking back toward the recession red zone and unemployment’s firmly stuck at over 8 percent for 42 straight months.
It’s no wonder a new Gallup poll finds 75 percent of us “dissatisfied” with the direction of the country. Or that a CNN
So Obama isn’t even trying to make the “Morning in America” case for his re-election. He now concedes that “the economy isn’t where it needs to be” and that “we have a lot more work to do.” But he’s quick to add that the Not-So-Great Recovery isn’t his fault, saying: “Throughout history, it has typically taken countries up to 10 years to recover from
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Falling far short: President Obama’s team promised that his stimulus would bring unemployment down to 5.6 percent in 2012.
