You wait long enough, the TRUTH comes out. The TRUTH just slams through the lies and misinformation of the PREGRESSIVE Left.
The New York Federal Reserve Bank released: UNEMPLOYMENT BENEFITS AND UNEMPLOYMENT IN THE GREAT RECESSION
Their conclusion? Unemployment remained high because the federal government (all branches controlled by the Democrats) kept extending unemployment benefits – “In particular, our estimates imply that unemployment benefit extensions can account for most of the persistently high unemployment after the Great Recession.”
The left would attack anyone who opposed the extensions. The left said that unemployment payments was the best stimulus for local economies. The report said that continued high unemployment offset any small benefits to the local economy.
“Our results of a sizeable macro effect leads us to expect that the stimulative effect of higher spending by the unemployed is largely offset by the dramatic negative effect on employment from the general equilibrium effect of benefit expansion on vacancy creation.”
Again, extended unemployment benefits kept many out of employment. Extended UNEMPLOYMENT is not “BUSH’S FAULT”, but the fault of the left. That is the reason they lost the House in 2010.
One waits long enough and the TRUTH WE ALREADY KNEW comes out. Obame’s policies are a failure….. and the fact that many are RUNNING away from Obame, his failures and his policies, during their re-election campaigns, is proof.