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Townhall
Finance
Not
Even Trying Anymore: White House Blames Bush for Weak Economic Data
in 2014
Michael
Schaus
Jan
27, 2014
When
asked about the poor economic conditions in America ahead of the
President’s State of the Union speech, Senior White House Advisor,
Dan Pfeiffer, petulantly passed the buck to George W. Bush. The
comedic excuse is as pathetic as it is baseless. But don’t let that
stop the White House from trying to cast blame for today’s economic
failures on an economic crises that came to life in the closing days
of their predecessor’s administration.
On
Fox News Sunday, Pfeiffer explained to Anchor Chris Wallace that the
reason for America’s weak economic “recovery” was because of
the damage done under Bush:
“It’s
important to remember that this President inherited the worst
economic situation since the Great Depression.”
Pfeiffer
then went on to champion the great progress that has been made under
Obama’s stewardship. He explained that eight million jobs were
created in the last 4-6 months (failing to mention that many of those
are part time positions thanks to Obamacare), and that the
unemployment rate has been dropping (to roughly what it was right
before Team Obama “inherited the worst economic situation since the
Great Depression”).
Wallace
responded brilliantly by asking why, if everything is “so good”,
is everything so bad? The truth is, there is no mainstream recovery.
I mean, heck… The real problem seems to be that Obama inherited an
economic mess when he was sworn in for his second term.Labor force
participation is at its lowest levels in three and a half decades.
Poverty has increased from 6.7 million people, to over 46 million
people. We have a record number of people on food stamps, disability
insurance, and various government assistance programs. Household
income, and household wealth, have both declined throughout the
so-called recovery. These are not indications of a vibrant and
prosperous economy.
Of
course GW wasn’t the only guy Pfeiffer blamed for the poor
performance of Obamanomics. Republicans in Congress also received a
few passed bucks from the White House. Pfeiffer went on to explain
the President’s intent to circumvent Congress when possible…
Because, it’s pretty obvious that obtaining consent from the
representatives of the governed is holding back American progress.
(Can someone work on inventing a sarcasm font? I really need one.)...
Read
the rest of the article at Townhall Finance
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