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The New THOMA$ REPORT on Tuesday, May 26, 2009 2:33:11 PM
The news media has asked many questions of the president. Most of them “softballs.” But never did it ask about his claiming credit for jobs created (something that cannot be measured) in this economy, and when the American people can start holding him responsible for all the jobs lost. Just before Obama’s “100 Day News Conference,” the Commerce Department released a report that the economy had SHRUNK at a rate of 6.1% in the January-March quarter. Right after the Bureau of Labor Statistics released a report that 1.2 million jobs have been LOST since Obama was inaugurated. He still claims all this is because of what he “inherited” from the Bush administration, notwithstanding the fact that the jobs picture was improving greatly until the Democrats “pulled the plug” on Fannie and Freddie, CAUSING the “economic crash,” just in time to ensure a Democrat win. Bush’s tax reductions caused a continuation of Reagan’s long-lasting economic BOOM caused by HIS (Reagan’s) tax rate reduction and did not stop until it became clear Obama was going to be elected. He can’t continue to blame Bush for everything forever, but you can bet he’s going to try. (Heritage Foundation)