This story by Peter Ferrara at Forbes.com is a must read and an excellent reference article when arguing with Democrats about Obama’s or Republican job performance. Just the first few sentences are reprinted here. This item is categorized for ease of future reference in “Republican vs Democrat”
http://www.forbes.com/sites/peterferrara/2012/01/12/the-worst-economic-recovery-since-the-great-depression/
Image via Wikipedia as per Forbes
“The record of President Obama’s first three years in office is in, and nothing that happens now can go back and change that. What that record shows is that President Obama, with his throwback, old-fashioned, 1970s Keynesian economics, has put America through the worst recovery from a recession since the Great Depression.”
“The recession started in December, 2007. Go to the website of the National Bureau of Economic Research (www.nber.org) to see the complete history of America’s recessions. What that history reveals is that before this last recession, since the Great Depression recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months.”
“When President Obama entered office in January, 2009, the recession was already in its 13th month. His responsibility was to manage a timely, robust recovery to get America back on track again. Based on the historical record, that recovery was imminent, within a couple of months or so. . . . “ Link to the full story at Forbes.
DLH
