A statistic has surfaced that shows the upside-down priorities of the Obama administration.
The Washington Examiner reported Saturday that President Obama has attracted twice as many campaign donors as new jobs through the first two quarters of 2011.
According to the report, Jim Messina, Obama’s campaign manager, says the President currently has 552,000 contributors.
Meanwhile, the Bureau of Labor Statistics reported that during the same two quarters, the economy generated only 260,000 jobs.
Mark Tapscott writes:
In other words, Obama attracted twice as many campaign donors as his economic policies created new jobs. That probably explains a great deal about yet a third number that received a great deal of attention this week: Gallup’s finding that a “generic Republican” leads Obama by eight points in voter preference for 2012.
In June, the BLS reported that a paltry 18,000 non-farm jobs were created, bringing the unemployment rate back up to 9.2 percent.
Rep. Cathy McMorris Rodgers (R-WA) said it was “more evidence that President Obama’s ‘spend, borrow and bailout’ policies have clearly failed…”
Over 2.5 million Americans have lost their jobs and the national debt has surged by $3 trillion. The national unemployment rate has been above 8% for 28 straight months – the longest streak since the Great Depression. The average person’s stay on unemployment is more than twice as high than at any point in the past 50 years.
According to the Labor Department, hourly wages fell and the average work week has shortened.
The President blamed it on natural disasters, gas prices, uncertainty on the debt, and unrest in Greece.
On Friday, CNS News reported that Rep. Allen West (R-FL) said the President “needs to admit” his policies “have failed” the country.
“What people have to understand, there’s one simple reason why we’re in this situation right now. There has been close to $4-and-a-half trillion dollars of new debt that has come about in two-and-a-half years since President Obama took office,” said West after a press conference about the Priority Spending Act of 2011. “So this is a catastrophic situation. That’s more debt than from, I believe, 1776 up to 1994 almost. So that’s what we’re contending with.”
“We’re also contending with three years of an exorbitant amount of deficits – $1.42 trillion, $1.29 trillion, and then this year possibly $1.65 trillion. So those are the types of things that the president needs to admit: that his economic policies, his tax policies have failed this country.”
CNS reported the last vote of the Democratic-controlled 111th Congress added $3.22 trillion to the national debt.
Meanwhile, the President is pushing the nation to the brink of financial ruin to score cheap political points.
But it’s good to know that the President is able to accomplish something in the economic disaster known as the Obama Administration.
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