Let’s call this post “The Tyrannical Irony Of Great Expectations”
I don’t begrudge President Obama for the situation he inherited in January of 2009. When people throw out the “are you better than four years ago?” question, the answer (at least for most people) should undoubtedly be yes.
With that said, above is what voters have come to expect a “recovery” to look like (source: Nate Silver’s 538 Blog).
Below is what we’ve got. (source: Think Progress)
Reagan’s economic recovery created millions of jobs beyond what were originally lost, while Obama’s recovery has yet to break even, when accounting for new job seekers.
Perhaps that provides context for President Obama’s comment about the private sector “doing just fine.” In a touch of irony for reactionaries in the GOP, Obama, unlike Reagan, has overseen an era of government shedding public jobs. That may be for the long-term good, but in the short term, it amplifies the recession.
So the private sector may be doing “just fine,” but the recession kicked us so hard that “doing just fine” won’t really cut it these days.
indeed; everyone expected things to be just perfect in four years - big mistake, especially when certain persons are working overtime to prevent said recovery
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