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Give Barack Obama points for consistency: he has always blamed Bush for the economy, even when it was humming along. In April 2003, Obama, then a state senator, attacked George Bush’s “attack on working families.” He called on Bush to “fix up the economy first” before he did anything else, like tax cuts. (Chinta Strausberg, “Obama to Bush: Fix up U.S. Budget First,” Chicago Defender, April 15, 2003).
Given the bad economy in 2003, Obama predicted that Bush would only be re-elected thanks to his “spin-masters, who are very good on focusing the public's attention on the war in Iraq, and they will do their best to keep the focus away from the economic disaster that is occurring in our communities.”
Obama suggested that Democrats make a “clear and convincing case for an alternative economic strategy,” a foreshadowing of how he would be different.
In May 2003, he continued his attack on Bush and called on the Senate to "resist" Bush's "unprecedented $300 billion deficit," which, he alleged, was retarding growth. ("Obama Urges Congress to Resist $300 Billion Deficit," Chicago Defender, May 14, 2003). His attack made front-page news in the Defender, one of the main African-American newspapers in the city, as he prepared for his run for the U.S. Senate in 2004.
The $300 billion deficit, he said, "underscores the recklessness of the George W. Bush administration and the Republican Congress."
But Obama was wrong. Instead, the economy expanded for thirty-five straight months. While Obama attacked Bush’s $300 billion deficit, today, Obama’s deficit is $1.8 trillion, an order of magnitude larger. Thanks to the Bush tax cuts, the economy boomed and unemployment reached a trough of 4.4% in March 2007. In fact, Obama’s unemployment rate has been far higher than—and sometimes double—Bush’s.
The $300 billion deficit, he said, "underscores the recklessness of the George W. Bush administration and the Republican Congress."
But Obama was wrong. Instead, the economy expanded for thirty-five straight months. While Obama attacked Bush’s $300 billion deficit, today, Obama’s deficit is $1.8 trillion, an order of magnitude larger. Thanks to the Bush tax cuts, the economy boomed and unemployment reached a trough of 4.4% in March 2007. In fact, Obama’s unemployment rate has been far higher than—and sometimes double—Bush’s.
Originally posted by jibeho
Why is everyone so silent on this topic??