Sunday, March 4, 2012

The economic case against Obamanomics in 13 charts

By James Pethokoukis

“The White House’s Economic Case for Reelection in 13 Charts” is how The Atlantic magazine’s Derek Thompson characterizes a new blog post by the U.S. Treasury Department. The post presents a baker’s dozen of charts created by Team Geithner to highlight just how successful the Obama economic policy has been. Indeed, it all fits in nicely with President Obama’s campaign theme (via the New York Times, also the source of the above photo whose colors I inverted):
President Obama has a new message: America has gotten its groove back. In ways large and small, Mr. Obama has seized on a narrative of national optimism in recent weeks, offering a portrait of a country that, guided by him and powered by the American worker, is making a comeback. It is a narrative with strong echoes of President Ronald Reagan’s 1984 re-election campaign and one that is intended to provide a contrast with today’s less sunny Republican candidates.
And, of course, it is meant to suggest that Mr. Obama himself has hit his own stride. “I placed my bet on the American worker,” he said Tuesday in a boisterously received speech at a United Automobile Workers conference that was centered on his often-criticized bailout of the auto industry three years ago. “The American auto industry is back.”
Read more: http://blog.american.com/2012/03/the-economic-case-against-obamanomics-in-13-charts/

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