Top 25 Obama Excuses For a Failed Economy and High Unemployment
Harry S. Truman famously said of the presidency, “The buck stops here.” President Barack Obama might as well make his slogan: “Pass the Buck.”
While Obama claimed he wouldn’t make any excuses as President when he was on the campaign trail 4 years ago, his record of failed policies and lack of confidence has led to nothing but.
The May jobs report came out and the numbers are just getting worse. Only 69,000 jobs were added last month, pushing unemployment up from 8.1% to 8.2% and the underemployment rate from 14.5% to 14.8%. This comes as no surprise at all. The labor force participation rate is at a record low. It was only a matter of time before all those millions of Americans eventually came back looking for work. And this administration’s policies aren’t producing nearly enough confidence for consumers and business owners to spend, expand, invest, and create enough jobs.
Obama was given a Democrat-majority Congress upon winning the White House in 2008. He got a $787 billion stimulus, a $410 billion omnibus, health care reform, financial regulation reform, and a jobs bill passed within his first 2 years in office, along with increments of quantitative easing from the Federal Reserve.
Since then we’ve racked up a record $15.75 trillion debt, record trillion dollar deficits, a first ever credit rating downgrade, rising inflation, and social safety nets going completely broke within the next 20 years.
But where are the jobs? Where’s the recovery? Where are all the fruits of those Keynesian economic solutions?
There aren’t any results, but plenty of excuses. Let’s run down the list of the top 25 that Obama has used to blame anything but his own policies:
So what’s left? Planetary alignments? The McBurglar? The 2012 Mayan doomsday prophecy?
Mr. President, the truth of the matter is, whether you want to admit it or not, more regulation and government bureaucracy does no produce confidence or certainty with the American public or job creators. Government cannot run an economy with public taxpayer dollars. Government should not be running every aspect of our system from health care to finance to education to energy.
Employers don’t know what health care costs and liability for future hires will end up being under ObamaCare. Those that have jobs don’t know if they will be the next layoff tomorrow. Nobody knows what their tax rates will be come next year. Investors, business owners, and job creators have been shackled with excessive regulations and constant threats of higher taxes.
Blaming anything and everything else that happens won’t inspire confidence to re-elect you.