The Economy 10 Years Later ...

Posted by Brian Patrick on

FYI –

Today, President Obama said the economy “has had problems for ten years now, it’s not going to reverse overnight.” Ten years ago, the unemployment rate was 4.3% and national debt was less than half of what it is today. In the last two years, President Obama has added over $3.7 trillion to the debt, while unemployment has remained above 8.5% for the past 27 months. The numbers simply don’t support President Obama’s revisionist history.
 

  • President Obama: “No matter what you may hear, there’s no silver bullet to reverse a decade of economic challenges. We’ve had problems for 10 years now, it’s not going to reverse overnight.” (President Obama, 6/28/11)
     

10 Years Ago:  

  • National Unemployment Rate May, 2001: 4.3%


5 Years Ago:

  • National Unemployment Rate May, 2006: 4.6%


Today:

  • National Unemployment Rate May, 2011: 9.1%


Reminder: President Obama Has Added Over $3.7 Trillion To The Debt





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