Tuesday, July 14, 2009

Whose Economy Did Obama Inherit?

We all know the Democrat/media answer to that question, and for some, that's good enough. But for those whose jobs have disappeared despite lofty promises and one-word answers, here's a question from Common Cents: "How do you double the unemployment rate in two short years?"

"Easy. Elect a Democratic controlled Congress. In January 2007 the Democratic Party took control of both houses of the US Congress. Previously, the Republican Party controlled Congress for 12 years. When the Democrats took control of Congress the unemployment rate was 4.6%. Last month, less than 2 1/2 years later it is 9.5% and rising."
Think he's oversimplifying? Take a look at the chart -- it covers unemployment numbers by month since 1999.

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