Friday, August 13, 2010

Its Bush’s Fault!!

The latest, up to date, grim facts and figures on unemployment has dealt a new blow to President Barack Obama. Will he blame this on Bush like everything else. If it is going bad for Obama it is Bush’s fault. Do you get as sick of hearing that as I do? No matter what the problem is with Obama, it is always Bush’s fault! When is he going to stand up and take the blame for what is happening. Bush has been out of office for just about two years now.
A Labor Department report showed 131,000 jobs were lost in July and the unemployment rate remained fixed at 9.5 percent, which is better than the worst levels this year but still painfully high. Must be Bush’s fault again! Small business created 71,000 jobs for the month, which was not enough to offset the massive government layoff of 143,000 census-takers. Must be Bush’s fault again!
Overall economic growth slowed to a pace of 2.4 percent in the second quarter of 2010, and other economic indicators are way down, even though Obama points to four quarters of economic growth. The White House has reject the probability of a [double-whammy] recession, but some economists warn of a Japanese-style economic stagnation where our government fails to make the necessary changes to make progress.
Obama is trying to put the best face on the most recent employment figures. "Climbing out of any recession, much less a hole as deep as this one takes some time. The road to recovery doesn't follow a straight line. Some sectors bounce back faster than others," Obama said. Hum Sounds like Bush’s fault again! Obama said the latest figures underscored the need for final passage of a bill aimed at saving 160,000 teaching jobs, which has cleared the Senate, and for other measures favoring small business. Look out there goes more money out the door. Where are we going to get money that we do not have? Start printing more money! Sounds like another stimulus package headed this way!
The conservatives are conducting their own campaign and blaming Obama for wasting a large part of the big 787 billion dollars in stimulus funding approved a year ago. It is not clear if the conservatives will be able to stop any new stimulus efforts wanted by the White House. Although the recovery seems to be faltering. Obama keeps on pressing his case, IT IS BUSH’S FAULT!!
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