ObamaNomics: Less Is More, Some Was None

The last economic downturn began in late 2000, with job losses starting in February, 2001 and accelerating after the terrorist attacks of 9-11-01.

The only “stimulus” was sweeping tax rate reductions, a strategy that had proved successful when implemented by Presidents Kennedy and Reagan.

Fifty two months of continuous Job growth began in September of 2003, four months after Congress enacted the tax rate cuts.   Employers added 8.3 million jobs, an average of 160,000 per month.

Throughout those four plus years, we heard nothing but gloom and doom from then Senator Obama and the Democrats.  President Bush they said, had brought us a “jobless recovery.”

Today, Obama and the same Democrats are hailing a loss of 247,000 jobs in July as a sign that after six months his stimulus, spending $787 Billion of borrowed money, is a success!

.