The nation's unemployment rate as of February 2010, according to the Bureau of Labor Statistics, remains just under 10%.
This despite the promise that billions for a shovel ready jobs bill would bring it down below 8% within a year.
And they've added billions more to it while also tying every bill that comes before them as being a jobs creator.
The rhetoric and the reality do not match.
Then there was the trillion dollar purchase of mortgage backedsecurities...to save people's homes and ignite the home buying market.
For the past 12 consecutive months foreclosures have averaged over 300,000per month and sales of new homes in Feb. 2010 fell by 2.2% to an annualpace of only 308,000, the slowest rate of growth since records werefirst recorded in 1963.
The government's purchase of these securities is expected to end this month, the special $8,000 tax breakis due to end in April, mortgage rates are expected to rise, and withonly 170,000 mortgages restructured as part of this plan, they areapproimately 3.8 million restructured mortgage short of their goal.
The rhetoric and the reality do not match.
Then there's the transparency we were promised. Bloomberg News and Fox Newshad to file separate lawsuits, which a federal appeals court ruled onin their favor, to gain access to documents that show which banksreceived emergency short term lending from the the Federal Reserveafter obama's government denied their requests.
And now we have great rhetoric being hurled about on his healthcare "reform." We havethe line in the sand with Iran being continuously redrawn. We haveChina telling us no, Israel telling us no, and Russia making it looklike Carter is still President.
obama's track record leaves us with little hope.
While those that criticize him do so for the most part with remarkably little informed criticism, the rhetoric wins.
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