Investors Business Daily
March 12, 2014
Obamanomics: For five years now, President Obama has been telling Americans that we “have a long way to go” before the country will see a return to prosperity. Just how long does he expect us to wait?
Do a search of the White House website for “long way to go” and you come up with hundreds of hits, most of them involving President Obama or someone in his administration counseling patience on economic growth.
Now, it might have made sense in mid-2009 to say that recovery from a deep recession will take time. After all, the recovery had just begun.
But to still be saying it in March 2014?
Obama has now spent more than 1,870 days pleading with the public for forbearance on the economy, with no end in sight.
If you don’t believe this, here’s a small sampling (hat tip to the Minority Report blog ).
April 2009: “Although we have a long way to go before we can put this recession behind us, the gears of our economic engine do appear … to be slowly turning once again.”
Nov. 2009: “The reason we’re here today is because we just are not where we need to be yet. We’ve got a long way to go.”
May 2010: “Now, we’ve got a long way to go before this recovery is felt in the lives of our neighbors and in all the communities that have lost so much ground in this recession and in years before.”
July 2010: “We’re not there yet. We’ve got a long way to go. But what is absolutely clear is we’re moving in the right direction.”
Jan. 2011: “We still have a long way to go, and my number one priority is to ensure we are doing everything we can to get the American people back to work.”
Aug. 2011: “We still have a long way to go and a lot of work to do to give folks the economic security and opportunity they deserve.”
April 2012: “Our economy has begun to turn a corner, but we’ve still got a long way to go.”
June 2012: “What we’re also seeing is that we have a long way to go.”
July 2013: “We’ve got a long way to go. The long-term challenges facing the middle class are still very real.”
Oct. 2013: “So we still have a long way to go. We’ve still got a lot of work to do, especially to rebuild the middle class.”
March 2014: “We have made great progress, but we must do more to rebuild our economy on a new foundation for growth and prosperity.”
In his latest budget message, Obama now admits: “After 4 years of economic growth … average wages have barely budged. Inequality has deepened. Upward mobility remains stalled. … too many Americans are working more than ever just to get by — let alone get ahead.”
Fortunately, we don’t have a very long way to go before the architect of all this is safely out of office.
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