May
2012
Monday, May 16, 2011
Perry Bacon Jr. and Michael A. Fletcher, The Washington Post
Submitted by: Kevin J. Ziruolo

Obama’s prosperity pledge falling flat

[WAPO] As Obama launches his 2012 campaign, he faces the challenge of millions of Americans without jobs, as unemployment has shot up under his tenure — it has doubled from the 5.1 percent it was the day he gave his “Renewing the American Economy" speech in March of 2008.

[WAPO] Economic data suggest reasons for their dissatisfaction. Income inequality has risen, gas prices continue to spike and household income has declined, even as the stock market rises and corporate profits are setting records. The “new era of opportunity and prosperity” the president promised in 2008 has not yet appeared.

The unemployment rate has hovered above 8 percent for 27 consecutive months.

It's the economy stupid.

Posted by Editor on 05/16/11 at 07:40 AM •  (0) Comments

Tags:  obama, economy,

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