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Thursday January 26th 2012

16 Trillion – Obama forgets his first two years in State of the Union address

ViaDPGI

If you came away from President Obamas State of the Union address thinking nothing worth mentioning happened during his first two years in office, then you got precisely the message he intended….

Those years got short shrift in Tuesday evening’s address. Why no mention of Obama’s signature economic legislation, the $814 billion American Recovery and Reinvestment Act, aka the stimulus bill? His biggest domestic accomplishment, the $1.2 trillion Obamacare plan was noted, but only twice and almost in passing.

There is a good reason why Obama said virtually nothing about his two biggest domestic policy accomplishments — they’re both failures. Instead of keeping unemployment below 8 percent, as he promised, unemployment rose above 10 percent shortly after his economic stimulus became law and has since come down a little here and a little there, always at an agonizingly slow pace. At 8.5 percent this month, it is still a point higher than when Obama was inaugurated, and there are 1.1 million more unemployed Americans.

There are also 46 million Americans on food stamps today, up 6.4 million from three years ago. There are 6.4 million more Americans in poverty today than

Read More at : http://www.politisite.com/2012/01/26/obama-forgets-his-first-two-years-in-state-of-the-union-address-dpgi/

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