The Big Fail: Millions Struggling For Work Aren’t Asking “Where’s The Story?”

Posted: July 12, 2012 in Barack Obama
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From gop.com:

In New CBS Interview, Obama Says His Biggest Mistake Was Not Telling A Good Story

“President Obama’s Biggest Mistake During His First Term, He Told CBS News In An Exclusive Interview, Has Been Putting Policy Over Storytelling.” (Lindsey Boerma, “Obama Reflects On His Biggest Mistake As President,” CBS, 7/12/12)

OBAMA SAID THAT HIS BIGGEST MISTAKE WASN’T FAILED POLICIES, BUT A FAILURE TO TELL A STORY TO THE AMERICAN PEOPLE

Obama: “In My First Two Years, I Think The Notion Was, ‘Well, He’s Been Juggling And Managing A Lot Of Stuff, But Where’s The Story That Tells Us Where He’s Going?” “‘When I think about what we’ve done well and what we haven’t done well,’ the president said, ‘the mistake of my first term – couple of years – was thinking that this job was just about getting the policy right. And that’s important. But the nature of this office is also to tell a story to the American people that gives them a sense of unity and purpose and optimism, especially during tough times.’ Mr. Obama acknowledged the dissonance between others’ perception of his strength as an expert orator, and his own. ‘It’s funny – when I ran, everybody said, well he can give a good speech but can he actually manage the job?’ he said. ‘And in my first two years, I think the notion was, ‘Well, he’s been juggling and managing a lot of stuff, but where’s the story that tells us where he’s going?’ And I think that was a legitimate criticism.’” (Lindsey Boerma, “Obama Reflects On His Biggest Mistake As President,” CBS, 7/12/12)

BUT “THE PRESIDENT CAN’T TELL VOTERS ABOUT A GRAND ECONOMIC COMEBACK STORY BECAUSE THERE ISN’T ONE TO TELL”

The Associated Press: “The President Can’t Tell Voters About A Grand Economic Comeback Story Because There Isn’t One To Tell.” (Ken Thomas, “Obama Doesn’t Emphasize Issues He Fought Hard For,” The Associated Press, 6/12/12)

Jobs: Since President Obama Took Office, The Nation Has Lost 473,000 Jobs And The Unemployment Rate Has Remained Above Eight Percent For A Record 41 Straight Months. (Bureau Of Labor Statistics, Accessed 7/6/12)

Unemployment: 23.4 Million Americans Are Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 7/6/12)

Long-Term Unemployment: Since Obama Took Office, The Average Duration Of Unemployment Has More Than Doubled From 19.8 Weeks To 39.9 Weeks. (Bureau Of Labor Statistics, Accessed 7/6/12)

Debt: Since President Obama Took Office, The National Debt Has Increased Over $5.2 Trillion. (U.S. Treasury Department, Accessed 7/12/12)

Foreclosures: “Indeed, The Number Of Foreclosures In 2012 Is Projected To Be Higher Than It Was In 2011, Higher Even Than It Was In 2010, Higher Than In 2009.” (David Coates, “The Unfinished Business Of The Obama Administration: The Foreclosure Crisis,” The Huffington Post, 7/10/12)

Government Assistance: “49.1%: Percent Of The Population That Lives In A Household Where At Least One Member Received Some Type Of Government Benefit In The First Quarter Of 2011.” (Phil Izzo, “Number Of The Week: Half Of U.S. Lives In Household Getting Benefits,” The Wall Street Journal’s “Real Time Economics,”5/26/12)

Food Stamps: Since President Obama Took Office, The Number Of Americans Receiving Food Stamps Has Increased From 31.9 Million To A Record 46.4 Million, A 45 Percent Increase. (Department Of Agriculture, 5/1/12)

Poverty: 97.3 Million Americans Now Qualify As Low-Income And Another 49.1 Million Are In Poverty; Together, 146.4 Million Americans Or 48 Percent Of The Population. (Hope Yen, “Census Shows 1 In 2 People Are Poor Or Low-Income,” The Associated Press, 12/15/11)

Median Household Income: “Real Median Household Income In March Was Down $4,300 Since Obama Took Office In January 2009 …” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)

College Tuition: Since President Obama Took Office, The Average Cost Of In-State Tuition At A Four Year College Has Risen From $6,585 To $8,244, A 25 Percent Increase. (“Trends In College Pricing 2009,” College Board, 2008; “Trends In College Pricing 2011,” College Board, 2011)

Health Care: Under Obama, The Average Cost Of Family Health Care Premiums Have Increased From $12,680 To $15,073. (“Employer Health Benefits, 2011 Annual Survey, Exhibit 1.11” Kaiser Family Foundation, 2011)

AND THE STORY DOESN’T LOOK ANY BETTER FOR 23 MILLION AMERICANS BETWEEN NOW AND NOVEMBER

“The American Economy Is Stuck In A New Kind Of Normal…” “The American economy is stuck in a new kind of normal, somewhere between crisis and prosperity, and economic policy makers are struggling to define their role. The Fed, which has responded forcefully each time the economy tips back toward recession, remains divided over whether it should try with similar urgency to return the economy to prosperity.” (Binyamin Appelbaum, “Fed Is Torn On Tipping Point For Action,” The New York Times, 7/11/12)

“Growth Has Once Again Fallen Short Of The Fed’s Expectations…” “But growth has once again fallen short of the Fed’s expectations, and the lack of public clarity is a consequence of the internal debate among the 19 officials who participate in the discussions of the Federal Open Market Committee.” (Binyamin Appelbaum, “Fed Is Torn On Tipping Point For Action,” The New York Times, 7/11/12)

“The Economy Is Not Growing Fast Enough To Reduce Unemployment, A Point Underscored Last Week By A Government Report That Employers Added Only 80,000 Jobs In June.” “The economy is not growing fast enough to reduce unemployment, a point underscored last week by a government report that employers added only 80,000 jobs in June.” (Binyamin Appelbaum, “Fed Is Torn On Tipping Point For Action,” The New York Times, 7/11/12)

The Federal Reserve “Doesn’t See The Unemployment Rate Falling Much Lower This Year.” “The Federal Reserve last week downgraded its outlook for 2012 growth. The Fed now predicts the economy will grow between 1.9 percent and 2.4 percent this year — a half a percentage point lower than its forecast in April. And it doesn’t see the unemployment rate falling much lower this year.” (Christopher S. Rugaber, “Tepid Economic Growth Weighs On US Job Market,” The Associated Press, 6/28/12)

Obama Is Likely To Face Voters With The Highest Unemployment Rate Of Any President Since The Great Depression.” “Slow improvement in the economy threatens President Barack Obama’s re-election hopes. He is likely to face voters with the highest unemployment rate of any president since the Great Depression.” (Christopher S. Rugaber, “Tepid Economic Growth Weighs On US Job Market,” The Associated Press, 6/28/12)

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