AP – Blending politics and religion, President Barack Obama said his Christian faith is a driving force behind his economic policies, from Wall Street reform to his calls for the wealthy to pay higher taxes.
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Obama says his policies are extension of his faith
(AP)
Obama previewed the economic themes he plans to raise in his State of the Union address Tuesday.
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Obama Offers State of the Union Blueprint
Well, there’s nothing truly shocking in that knowledge, I’m sure most of us have been prescient enough to understand that he damned sure can’t run on his economic record, the economy being the #1 issue for Americans. He can’t run on ObamaCare, as it is still vastly unpopular by the majority of Americans. His environmental
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ABC News: Obama To Run On Economic Inequity
At Investor’s Business Daily , ” Five Myths About President Obama Economic Recovery “: Over the past several months, President Obama has spent much time pleading for patience on the sluggish economy and ongoing high unemployment, arguing that the economic hole was so deep and the crisis so monumental that a slow recovery — now in its 30th month — was inevitable. But in making his case, Obama appears to be perpetuating several myths about the recession he inherited and the slow recovery over which he’s presided. Among them…. 2) The country had to dig out of a historically deep hole. Obama often explains the length of the recovery by noting how deep the recession had been. But while the so-called Great Recession lasted 18 months and sent unemployment to 10.1%, the 1981-82 recession was comparable in length and severity. That one lasted 16 months, and pushed unemployment even higher, to 10.8%. The difference is that today unemployment is still at an historically high 8.6%, and it’s only that low because the labor force has declined. Real GDP is a mere 0.04% above its pre-recession peak. At the comparable point in the Reagan recovery, unemployment had plunged to 7.3%, while the economy had grown 12% above its pre-recession peak, and was still climbing fast. RTWT at the link . PHOTO CREDIT : The White House, “President Barack Obama talks with a patron at Reid’s House Restaurant in Reidsville, N.C., during a lunch stop on the American Jobs Act bus tour, Oct. 18, 2011. (Official White House Photo by Pete Souza).
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Obama Post-Recession Recovery Badly Lags the Reagan Recovery After the Severe 1981-82 Recession
