July 6, 2012

[Mark Belling is filling in for Rush today]… On President Obama’s economic performance since he took office…

[President Obama’s] not the first President to inherit an economic downturn. For every recovery there was a downturn before it. And he came in, with a Democratic congress … a Senate and a House that allowed him to do whatever he wanted. And they did exactly what they wanted to do – they went and looted the American economy by borrowing nearly a trillion dollars and going out and creating this massive stimulus program, saying that it would create so many jobs that the economy would recover and that we would quickly pay back the amount that we borrowed, and there would be no impact at all on the budget deficit, that we would actually, if anything, help start paying down the national debt with this incredible boom that would occur because of his great stimulus… instead, nothing happened. We haven’t had any improvement in the housing market to speak of at all. We haven’t had any improvement in the jobs market at all… what he managed to do was create an enormous deficit, dig us into a huge hole, and do nothing to turn the economy around.

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