- FrontPage Magazine - http://www.frontpagemag.com -
National Debt and Unemployment Rate Doubled Since Democrats Took Congress
Posted By Daniel Greenfield On November 30, 2012 @ 5:07 pm In The Point | 8 Comments
As Boker Tov Boulder reminds us, Hope, Change and Depression didn’t begin in 2008. They began in 2006. The media blamed Bush during those two years of a Democratic Congress. Then in 2010, when there was a Republican Congress and a Democratic Oval Office Occupant, the media began blaming Congress.
The day Pelosi assumed that office,
the Total Public Debt Outstanding was $8.67 Trillion,
the unemployment rate was 4.4 pct,
the GDP (for the previous quarter) was 3.5 pct
Today – almost six years later -
the debt is up 89 pct … to $16.3 Trillion,
the unemployment rate is up, at nearly 8 pct,
our GDP is slowing this quarter to below 2 pct
The national debt is climbing, the unemployment rate has doubled and our economy is slowing down. Are we headed for Greece or Japan?
No nation is immune from the fixed laws of mathematics. The Japan that Americans were terrified by in the 1980s has become a doddering wreck. Its leading companies have been downgraded to junk bonds. That is where America is headed under the terrible troika of Reid, Pelosi and Obama.
Welcome to the Hope and Change Depression.
Article printed from FrontPage Magazine: http://www.frontpagemag.com
URL to article: http://www.frontpagemag.com/2012/dgreenfield/national-debt-and-unemployment-rate-doubled-since-democrats-took-congress/
Copyright © 2009 FrontPage Magazine. All rights reserved.