This report is a little too softball, considering that they seem to yield to the idea that the economy was in more dire straits than Obama and his economic team had expected. They say that the stimulus almost met it’s job creation goals, but it was ‘overwhelmed’ by much great job losses than expected. That’s interesting, because the point of the stimulus was supposed to turn things around. Everything. You can create 1 million jobs, but if you are losing 1 million at the same time, you’ve not created anything. That’s a net jobs creation of ZERO. And to suggest that Obama didn’t know what he was getting into, we’ll that’s poppy cock. We’ve heard him say over and over that this is the worst crisis since the great depression.
All that said, it’s a pretty good indicator of an economic record that he won’t be able to run on this fall. Or as the analyst notes, if things don’t turn around and we see substantially more job growth, “reelect me because it might’ve been worse” isn’t a great platform to run on.
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