On September 13, 2008, the Wall St. Journal accurately predicted “If You Like Michigan’s Economy, You’ll Love Obama’s.”

On September 13, 2008, the Wall St. Journal wrote:

If You Like Michigan’s Economy, You’ll Love Obama’s

From 1996 through 2006… Michigan lost 318,000 [jobs].


The Wall St. Journal’s prediction has come true.

As one example, take a look at this chart from businessinsider.com. The chart shows that the “recovery” under President Obama is far worse than past recoveries. (Click on the image to see a larger version):




Source: http://www.businessinsider.com/chart-of-the-day-percent-job-losses-in-post-wwii-recessions-2012-11

As another example, consider this chart from weeklystandard.com. It shows that during Obama’s first term, for every person added to the labor force, 75 people have been added to the food stamp roles. (Click on the image to see a larger version):




Source: http://www.weeklystandard.com/blogs/food-stamp-growth-75x-greater-job-creation_660073.html

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November 10, 2012. Tags: , , , , , , , . Politics.

One Comment

  1. happy holly project replied:

    With all due respect, the food stamp numbers far more reflect the kinds of jobs that are “trickling down” from the billionaires … and the first chart shows how the 2007 recession went down for the last 12 months of the Bush presidency … then took a year for Obama to turn around … and it has been growing steadily since …

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