Welcome to the Obama Recession.

Despite constantly blaming the Bush administration for our economic woes, this is now the Obama Recession.
President Obama met with his cabinet today to discuss the economy and his "stimulus" spending program.
He made clear the difficult position in which he purports to be entangled. "We're still in the middle of a very deep recession that was years in the making."
Had he done nothing, he posited, our economy could have gone into a tailspin. It's a disingenuous rhetorical maneuver, as the option of doing nothing was never suggested. But, in his relativistic view, that matters little.
What does matter, however, is the economic maelstrom of his own making.
Last Friday documented unemployment reached 9.4%. The economy has shed more than 2.7 million jobs since January and 6 million since the recession began.
Since the "stimulus" package was passed more than 1.6 million jobs have been lost. Yet Obama claimed the 345,000 jobs lost in May are a "sign that we're moving in the right direction.
Obama as much as conceded his "stimulus" package has not been effective, however. "I'm not satisfied. We've got more work to do."
Again, in his position above the fray, he bears no blame. He is too much of a transformative, inspirational figure for such petty squabbles. Likely because, as we learned last Friday from Newsweek editor Evan Thomas, Obama is god.
No, he places the blame squarely at the feet of the previous administration. "When we arrived here, we were confronting the most significant recession since the Great Depression. It was bad and it was getting worse."
He went on to promise to accelerate distribution of "stimulus" spending to create 600,000 jobs this summer, although the White House conceded nearly a quarter would only be temporary summer jobs. Considering his promise the "stimulus" spending would create or save 3.5 million jobs, they have a long way to go.
In the reality in which the rest of the country lives, after more than 100 days the "stimulus" plan continues to fail. Of the $787 billion spending spree, only $44 billion has been distributed. President Obama claims 150,000 jobs have been "saved." If we are on track to create or "save" approximately 50,000 jobs per month, it will take ten years to recoup the 6 million jobs lost during this recession.
The illusion of jobs "saved" is nothing more than statistical slight-of-hand. There is no way to accurately and reliably quantify jobs "saved". If you know how, email me. Then email the Department of Labor, because they have a very high-paying job for you.
Public support is waning as well. According to a recent Rasmussen poll from June 1, only 31% say the "stimulus" package helped the economy and 27% say it has hurt the economy. 31% say it's had no impact.
Rupert Murdoch, head of News Corp, which owns Fox News and many other media assets expressed worry today that unemployment could reach 10 or 11% and would likely continue to rise. Factor in the inevitable tax increases and hyperinflation as a result of all this "stimulus" and irresponsible, extreme deficit spending, and America is bracing for stormy weather.
Welcome to the Obama Recession.