Mind and Destiny

“I make no pretension to patriotism. So long as my voice can be heard ... I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.”- Frederick Douglass

Location: Delhi, N.Y., United States

The author and his webmaster, summer of 1965.

Saturday, May 06, 2017

Invitation Accepted

On 1/29/10, President Obama accepted an invitation from Congressman Mike Pence to address the Republican House retreat in Baltimore.

Pence asked: “Now last year, about the time you met with us, unemployment was 7.5 percent in this country.  Your administration and your party in Congress told us that we’d have to borrow more than $7.5 billion to pay for a so-called stimulus bill.  It was a piecemeal list of projects and boutique tax cuts.  All of which had to be passed or unemployment would go to 8 percent, as your administration said.  Well, unemployment is 10 percent now, as you well know.”

President Obama explained that when he was sworn in, everyone was hoping, that unemployment would remain in the 8 percent range.  That number was based on the estimates made by both conservative and liberal economists because at that point, all of the data wasn’t in.

America lost 650,000 jobs in December 2008.  Republicans wanted to hold Obama responsible for those lost jobs.  An additional 700,000 jobs were lost in January, the month Obama was sworn in.  Should he be held accountable for lost jobs, after being in office for only a week?  On February 13th, the Recovery Act was passed by Congress and the 650,000 jobs lost in that month were not a consequence of Obama’s policies.  The job losses from the recession prove to be much more severe in the first quarter of 2009, than anticipated.

Obama informed congressional Republicans: “I think we can score political points on the basis of the fact that we underestimated how severe the job losses were going to be.  But those job losses took place before any stimulus, whether it was the ones you guys proposed or the ones we proposed, could ever have taken into effect.”


Post a Comment

<< Home