An anecdotal review of the key statement in Obama's speech, Thursday, June 14.

Officially, the recession did not begin until the last
n.two quarters of 2008  --  not "at the end of 2007".
Again, "officially,"  the recession ended with the
third quarter of  2009 but the year as a whole, 
recorded a negative GDP.  2010 averaged a 3%
GDP,  enough to add a few jobs.  This, apparently,
was Biden's "Summer of Recovery,"   but, the wheels
came off the recovery and 2011 averaged less than
2% GDP  --  not enough to sustain  "recovery" or
keep up with job pressure due to population
growth.  2012 has started off extending this poor
effort.  First quarter numbers were revised down
from 2.2% growth to 1.9%.  There are only two
quarters remaining between now and the election

Updated for content and grammar

With this chart and the captioned explanation,  one wonders what Obama had in mind when he made this statement in that silly speech he gave,  today (June 14). 

“This November is your chance to render a verdict on the debate over how to grow the economy, how to create good jobs, how to pay down our deficit. Your vote will finally determine the path that we take as a nation, not just tomorrow, but for years to come.”

Of the 13 quarters Obama has overseen,  only three have given the observer any hope at all.  Clearly,  "grow the economy" means something quite different to Obama than to those who are concerned about the economy.  When it is all said and done,  the economy is grown via small business.  The threat of a $10 minimum wage combined with 10 new regulations created under Obama on a daily basis and sharply rising health care costs,  has small business sitting on the side lines and holding its breath.  There is no debate over "how to grow the economy."  Pundits on both sides of the equation (Democrats and Republicans) AGREE with Bill Clinton and the GOP in this statement:  "You do not increase costs to business in the middle of a recession."   The fact that this moron in our White House disagrees,  takes us past any logical debate on the matter.    By contrast,  Bush celebrated 54 months of continuous growth in GDP,  a "first" in American history,  and unemployment averaged 5.5% including 2008.  

As to job growth and Obamaa's phrase "create good jobs,"  we have this information:  First, a "good job" in Obama's mind is a union job.  Never forget that distinction.  In Obama's 2009 "stimulus" bill,  any infrastructure of job of $25 million or more,  had to be awarded to a union shop. 

June 1, 2010 is located at the middle of this chart.

Since, then,  6 million Americans have quit the

workforce and are no longer counted in the

unemployment numbers, giving the appearance

of an improved employment situation.  

Secondly,   Obama repeatedly speaks of  "4.3 million jobs in the past 27 months."  What does this mean?  Well, for starters,  it means that he did not begin his jobs count until March of 2010; that was 27 months ago.    We know that 4.3 million jobs spread over 27 months is 160,000 jobs per month.  We know that during this same period of time,  400,000 [on average] American's were losing their jobs each week or 1.8 million folks per month.  From all of this we learn that there have been no "net jobs" created under Obama during the entire period of time he has "served" as president. Using the same accounting methodology plotted by Obama in 2009,  the unemployment rate is 11.1%, not the deceptive "8.2%" being touted, today.   

As regards the debt -  he claims to have reduced the deficit by 2 billion dollars but can show nothing supporting this view.  It is so preposterous a claim,  that we need not spend anytime in this post,  dealing with it.  Understand that Bush added 4.9 trillion dollars to the national debt in eight years,  Obama has added 5.1 trillion dollars to our debt in four years.  

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Full text of speech found here.