Thursday, August 04, 2011

The One-Termer We've Been Waiting For

The One-Termer We've Been Waiting For:

"In February of 2009, President Obama​ went on the Today Show to discuss a variety of issues, including his plan to turn the economy around. When asked about the consequences of failure for his presidency, he replied with unusual frankness: 'I will be held accountable.…

If I don't have this done in three years, then there's going to be a one-term proposition.' The January 2009 unemployment rate had just been released a few days before that interview was broadcast, and it stood at 7.6 percent.

Now, more than two and a half years later, the rate stands at 9.2 percent. Moreover, unemployment has only dipped below 9 percent in two of the past 26 months. This is the longest run of such rates since the Great Depression​. In other words, Obama's three years are nearly up and he most emphatically doesn't 'have this done.'

(Excerpt) Read more at spectator.org ..."

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