I think Barry owes Bill a beer, because there’s one thing I will definitely say it’s that the President didn’t build that. Here’s something interesting Jim Geraghty noted this morning’sÂ Morning Jolt:
Either way, one of the fascinating facets of the polling during Obama’s presidency has been the fact that the monthly unemployment report has little if any discernible effect on Obama’s approval rating or head-to-head numbers against Romney in the tracking polls. This may meant that nearly half of Americans don’t blame ObamaÂ at allÂ for the high level of unemployment for the past four years.
Are the American People suddenly getting educated on matters of economics, and realizing the President can’t do a whole hell of a lot about the economy? That’s quite encouraging if that’s actually the case. Maybe they believed Bill? Probably the most effective part of Clinton’s speech was that historically, we don’t just bounce right back from financial crises, which is true. What Barry rightly deserves condemnation for was ramming through a major new entitlement at a time of declined government revenues, and major deficits. He deserves condemnation for wasting our tax dollars pushing through a failed stimulus package. He definitely deserves condemnation for letting the regulatory agencies all run roughshod over the American economy. But I think even if you removed all that, the economy would still be rather anemic. Whoever won in 2008 was going to get to oversee a weak economy, pretty much no matter what.