Doing the math: Obama recovery still the worst in decades

posted at 2:01 pm on October 25, 2012 by Ed Morrissey

Lately, Barack Obama has taken to claiming that he’s leading a slow but steady economic recovery, hampered by the nature of the 2007-8 Great Recession and other external factors.  Two different analyses today rebut that assertion on the eve of the next advance report on quarterly GDP.  First, Investors Business Daily’s John Merline refutes both the economic recovery and the supposedly mitigating context in its analysis, buttressed by a charted comparison to previous American recoveries:

In the 12 quarters since the Obama recovery started, real GDP has climbed 6.7%. That’s below even the GDP growth rate in the 12 quarters after the 1980 recession ended — despite the fact that there was the intervening deep and prolonged 1981-82 recession.

The picture isn’t any better when looking at job growth.

Obama often boasts that the economy has added 5.2 million private-sector jobs in the 31 months since employment bottomed out in February 2010. But that rate of job growth lags every previous recovery as well if, as Obama does, you start counting at the point where jobs bottomed out.

Bush oversaw 5.3 million new private-sector jobs in the 31 months after employment hit bottom in mid-2003. Under Reagan, private-sector jobs climbed 8.2 million during a comparable time period.

What’s more, Obama’s recovery has reclaimed only about half the jobs lost during the recession. That’s a far cry from prior recoveries, which saw the number of jobs exceed the previous peak by this point.

What about the “inherited mess” argument?  Merline points to two studies that say the financial crisis had little to do with the nature of the recovery:

In fact, an October 2011 paper by the Atlanta Fed concluded that “U.S. history provides no support for linking low employment and high unemployment in the current recovery with the financial crisis of 2007—2008.”

And a November 2011 paper by economists at Rutgers University and the Cleveland Fed concluded that while recessions tied to financial crises tend to be deeper than average, the recoveries also tend to be stronger than average.

Study co-author Michael Bardo noted that, based on these findings, “the slow recovery that we are experiencing from the recession that ended in July 2009 is an exception to the historical pattern.”

Merline provides this graphic to underscore his point:

Reason Foundation’s Samuel Staley writes at Real Clear Markets that not only has Obamanomics utterly failed, it’s gone a long way to discrediting the very economic assumptions on which it was based:

Back in January 2009, a now infamous study coauthored by Christina Romer, the future chair of the President Obama’s Council of Economic Advisors, and Jared Bernstein, the future chief economist for the Vice President, predicted that an $800 billion economic stimulus targeted toward boosting consumer demand would stave off a severe recession and hold unemployment below 8 percent by the end of 2009.

What was so compelling about their study was the illusion of precision. The Obama administration used their statistical analysis to aggressively promote specific policy proposals, including the package of tax cuts and discretionary federal spending embodied in the so-called stimulus package, the American Recovery and Reinvestment Act of 2009.

But little of what they predicted has panned out.

Unemployment remained over 8 percent for three-and-a-half years, finally dropping to 7.8 percent in September. But that’s only because we don’t include “discouraged workers,” those who have given up looking for work, or those unwillingly working in jobs below their skill and education levels. Moreover, job creation remains lackluster, barely adding enough to meet demand in a still anemic economy three years after the recession officially ended. …

In short, in what is perhaps the most important exercise in economic policy modeling since the Great Depression, two of the nation’s foremost economists failed. And the failure was an epic one. They predicted that unemployment would peak at 8 percent after the stimulus. In fact it peaked at 9.9 percent. So it’s unclear whether trillions of dollars of stimulus spending bought the country any reduction in unemployment whatsoever. It’s also hard to escape the conclusion that it would have been better to do nothing and let the economy run its course.

Indeed, this failure is particularly notable because Romer and Bernstein’s effort was well within accepted mainstream practice of the profession, not an exception.

Glenn Reynolds offers a couple of graphs to illustrate the point here, too.  First up is the amended Romer chart, which depicts exactly what Stanley describes:

Here’s a look at the employment-to-population ratio, using Bureau of Labor Statistics data:

We can also see the same in the related civilian population participation rate, charted here by the BLS from its own data, through August:

Clearly, we are not moving in the direction of growth — not in GDP, not in jobs.  If anything, both are declining.  Why can’t Obama understand that?  As the Washington Free Beacon recounts today from Obama’s appearance on The Tonight Show with Jay Leno, Obama’s not terribly good with math:

LENO: Here’s Samantha from Colorado: “When you help your daughters with their homework, is there a a subject you struggle with?”

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

LENO: Yeah.

PRESIDENT OBAMA: But Malia is now a freshman in high school and — I’m pretty lost.

LENO: Yeah.

PRESIDENT OBAMA: Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

You know what might help? Finding someone who’s actually got a track record of being good at math, at turning around organizational declines, and who has a long track record of astute economic analysis and action. Fortunately, we have that option in 12 days.

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

I was told there would be no math

txmomof6 on October 25, 2012 at 2:03 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.

dczombie on October 25, 2012 at 2:03 PM

PRESIDENT OBAMA: Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

And they throw $500 million at Malia’s math problem. And she still fails the test.

lorien1973 on October 25, 2012 at 2:04 PM

Everything is above this idiot’s pay grade.

Cody1991 on October 25, 2012 at 2:06 PM

He sure seems to confess some pretty scary stuff on these late night talk shows. First he can’t come up with the amount of our national debt on Letterman and now he fesses up about sucking at math on Leno.

I don’t think Obama is this stupid. He simply doesn’t give a crap.

Doughboy on October 25, 2012 at 2:06 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.

dczombie on October 25, 2012 at 2:03 PM

bayam’s pretty impressed with it.

BigWyo on October 25, 2012 at 2:07 PM

I’ll call over to the Department of Energy and see if they have a physicist to come over.

It’s a good thing you didn’t call the Department of Commerce or the CBO. There damn sure isn’t anyone there good at math.

BacaDog on October 25, 2012 at 2:08 PM

If a train left Chicago at 6:00am and arrived in Poland at 12:30pm the next day how many solar panel companies have to go belly-up to make this happen?

DumboTheAvenger on October 25, 2012 at 2:08 PM

Why is Obama’s skin tone so jaundiced looking? He’s looking very ill.

OxyCon on October 25, 2012 at 2:09 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

See. This is why we’d like to see the transcripts.

Jabberwock on October 25, 2012 at 2:09 PM

Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

DOE Physicists for everyone!

A bullsh!tter in every White House, a turkey in every pot, a Volt in every driveway, and DOE physicists for every 7th grader…….

Utopia/

ted c on October 25, 2012 at 2:10 PM

Hey Ed, when are you and the rest of the Fifth Column Treasonous Media going to quit lying and call it what it really is… A Depression, not a damned Recession…

SWalker on October 25, 2012 at 2:10 PM

Does Kevin Jennings pay house visits too? I mean, he is Obama’s boy.

ted c on October 25, 2012 at 2:10 PM

He is so childish. The fact that he was elected POTUS is an embarassment to America’s intelligence.

they lie on October 25, 2012 at 2:10 PM

Just saw this posted by Ace. Love it. Obama just keeps digging that hole deeper and deeper. I think that deep down in his soul, he just really wants to head to Hawaii so he can eat his waffles in peace and not have to deal with all this governing stuff. Truly.

Yesterday I heard a caller to Medved’s show saying, with great frustration, that no one has really capitalized (pun intended) on the president’s failure to pass a budget. We all have household budgets and (hopefully) teach our children to live within our means, yet O has been unable to even do this rudimentary task for the nation he was elected to lead. It’s no wonder that high school math is beyond him.

pianomomma on October 25, 2012 at 2:11 PM

Charts and graphs scare me.

cheetah2 on October 25, 2012 at 2:11 PM

LENO: “When you help your daughters with their homework, is there a subject you struggle with?”

xPRESIDENT OBAMA: “I struggle with the ‘work’ part…”

Tsar of Earth on October 25, 2012 at 2:11 PM

Being part of the choom gang doesn’t help with your math skills.

MeatHeadinCA on October 25, 2012 at 2:13 PM

Very lost. Lets hope the rest of us can find our way and recover.

Bmore on October 25, 2012 at 2:13 PM

When does he setup the Office of the President Reject? Replete with it’s own insignia???

ted c on October 25, 2012 at 2:14 PM

This better be in an ad by tomorrow, this is too good. Is our President smarter than a 7th grader?

rndmusrnm on October 25, 2012 at 2:15 PM

Obama often boasts that the economy has added 5.2 million private-sector jobs in the 31 months since employment bottomed out in February 2010. But that rate of job growth lags every previous recovery as well if, as Obama does, you start counting at the point where jobs bottomed out.

Bush oversaw 5.3 million new private-sector jobs in the 31 months after employment hit bottom in mid-2003.

Also, the post 9-11 recession was not as deep as the one in 2008 so the recovery would normally also be smaller in terms of jobs created, but Bush still beat out Obama.

Wigglesworth on October 25, 2012 at 2:15 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

I taught math, and if he was fine until seventh grade, well, he should never have graduated from high school. Even if we bumped the grade up into ninth, there is also no way on earth his SATs would have ever been good enough for college, let alone grad school.

INC on October 25, 2012 at 2:15 PM

I didn’t watch this, but there’s one thing that people need to remember: The first couple of exchanges on a Leno or Letterman show are fairly scripted. The topics are discussed beforehand and agreed upon by the hosts and the people being interviewed. The writers will often help the interviewees with their responses. So, if this was early on, this is what the president and his people wanted to talk about.

Adam Carolla has mentioned this on several of his podcasts.

strictnein on October 25, 2012 at 2:15 PM

With all due respect to HotAir and their developers… having auto-loading video adds, and in some cases even having MULTIPLE ads running CONCURRENTLY, is utterly ridiculous! I put up with the pop-ups, ok… but hearing my computer zoom to life randomly, and in this last case having TWO ads run at the same time… is completely petty. I’m definitely losing my patience.

RedManBlueState on October 25, 2012 at 2:16 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.

dczombie on October 25, 2012 at 2:03 PM

.
Ed Morrissey.

Dr. Carlo Lombardi on October 25, 2012 at 2:16 PM

bayam’s pretty impressed with it.

BigWyo on October 25, 2012 at 2:07 PM

…that jackazz chews too much hay!

KOOLAID2 on October 25, 2012 at 2:16 PM

When does he setup the Office of the President Reject? Replete with it’s own insignia???

ted c on October 25, 2012 at 2:14 PM

***snort***

JPeterman on October 25, 2012 at 2:17 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

LENO: Yeah.

PRESIDENT OBAMA: But Malia is now a freshman in high school and — I’m pretty lost.

Herein lies Obama’s closing argument.

ted c on October 25, 2012 at 2:18 PM

Yesterday I heard a caller to Medved’s show saying, with great frustration, that no one has really capitalized (pun intended) on the president’s failure to pass a budget. We all have household budgets and (hopefully) teach our children to live within our means, yet O has been unable to even do this rudimentary task for the nation he was elected to lead. It’s no wonder that high school math is beyond him.

pianomomma on October 25, 2012 at 2:11 PM

Actually, by NOT passing a budget, he has gotten what he wanted with CONTINUING RESOLUTIONS for the last few years… no hard choices, budget goes up, his pet projects get funded, House Republicans are blocked on their desired budget reforms, Big Bird and PBS keep raking it in…

Evil, but politically smart…

Khun Joe on October 25, 2012 at 2:18 PM

If a train left Chicago at 6:00am and arrived in Poland at 12:30pm the next day how many solar panel companies have to go belly-up to make this happen?

DumboTheAvenger on October 25, 2012 at 2:08 PM

We’re the country that built the Intercontinental Railroad
- Barack Obama (Sep. 2011)

pain train on October 25, 2012 at 2:20 PM

I dropped my plan….
/Obama

ted c on October 25, 2012 at 2:20 PM

At what point are people going to stop calling this depression a “recovery”?

If you use pre-Clinton inflation standards (adding back in food and fuel), the REAL inflation rate has averaged 8% over the last four years and the REAL GDP “growth” rate has been soundly NEGATIVE for each of the last 16 quarters.

logis on October 25, 2012 at 2:21 PM

Here’s a look at the employment-to-population ratio, using Bureau of Labor Statistics data:

And here’s a longer-term look at that same data, correlated with which political party held a majority (2+ out of 3) of the House, Senate, and Presidency at the time.

Note that the 2003 Bush Tax Cuts were an inflection point, and turned the economy around.

Also note the 2007 inflection point when Democrats took control of the House, Senate, and therefore overall majority control. They passed a bill that raised the minimum wage three times in three years. They passed a FY 2008 budget that about tripled the FY 2007 deficit. Then, in 2009, they tripled the deficit again.

Seriously. Compare the FY 2009 deficit to the FY 2007 deficit.

And don’t try to tell me that Bush and the Republicans were responsible for the 2008 financial crisis. I know the truth about who tried to reform Fannie/Freddie and who prevented those reforms.

ITguy on October 25, 2012 at 2:21 PM

What makes you think we’re in a recovery, Ed?

Dante on October 25, 2012 at 2:22 PM

That clip of Obama and math needs to be in a Romney commercial, chop, chop.

JimK on October 25, 2012 at 2:22 PM

You know what might help? Finding someone who’s actually got a track record of being good at math, at turning around organizational declines, and who has a long track record of astute economic analysis and action. Fortunately, we have that option in 12 days.

Romney isn’t an Austrian and he’s not going to surround himself with Austrians. It’s laughable that you would call his track record of economic analysis and action astute.

Dante on October 25, 2012 at 2:24 PM

At what point are people going to stop calling this depression a “recovery”?

If you use pre-Clinton inflation standards (adding back in food and fuel), the REAL inflation rate has averaged 8% over the last four years and the REAL GDP “growth” rate has been soundly NEGATIVE for each of the last 16 quarters.

logis on October 25, 2012 at 2:21 PM

Recovery was what we had in FY 2004-2007 thanks to the Bush Tax Cuts.

Democrats turned a recovery into a recession, and then blamed it on Bush.

ITguy on October 25, 2012 at 2:24 PM

An real empty chair could have presided over a better recovery.

Dusty on October 25, 2012 at 2:25 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.
LENO: Yeah.
PRESIDENT OBAMA: But Malia is now a freshman in high school and — I’m pretty lost.

A President who just wasted $6 TRILLION of taxpayer money who is “lost” in 9th grade math? Algebra I? What did they teach him at Columbia and Harvard? How many times did he intercept the choom pipe?

No wonder Obama thinks we can pay for Medicare and ObamaCare with the same money!!! Like the votes of all those double-counted dead people registered by ACORN…

We need a President who can count, whom we can count on.

Hey slow-jammin’ preezy: If x + 4 = 2016, what is x? That’s when you’re headin’ home!!!

Steve Z on October 25, 2012 at 2:25 PM

Democrats turned a recovery into a recession Full on Depression, and then blamed it on Bush.

ITguy on October 25, 2012 at 2:24 PM

No disrespect ITguy, you are usually dead on the money, but this time apparently you need just a little help…

SWalker on October 25, 2012 at 2:27 PM

If an ambassador in Benghazi calls Washington, D.C., at 3:00 a.m. Eastern Time, how long will it take before an amateur filmmaker in Los Angeles is arrested?

Christien on October 25, 2012 at 2:29 PM

Are you competent in simple economics?
 
bayam on January 28, 2012 at 6:11 PM

rogerb on October 25, 2012 at 2:30 PM

Romney isn’t an Austrian and he’s not going to surround himself with Austrians. It’s laughable that you would call his track record of economic analysis and action astute.

Dante on October 25, 2012 at 2:24 PM

What’s laughable is your continued weak trolling exercises.

Bitter Clinger on October 25, 2012 at 2:30 PM

Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

Stephen Chu? So that Malia can learn how to throw half a billion bucks down a toilet?

Steve Z on October 25, 2012 at 2:31 PM

I thought about using the word Depression, but I held back on purpose and used the word Recession.

In my opinion, “Full on Depression” is what we would see if Obama were re-elected.

ITguy on October 25, 2012 at 2:31 PM

His answer would have received a standing ovation if he would have simply said “I’d just give my good friend Paul Ryan a call. That guy would give Einstein a run for his money!”

justjulie20 on October 25, 2012 at 2:32 PM

Why do I have this vision in my head of Sasha and Malia doing their homework next to an empty chair?

justjulie20 on October 25, 2012 at 2:33 PM

If an ambassador in Benghazi calls Washington, D.C., at 3:00 a.m. Eastern Time, how long will it take before an amateur filmmaker in Los Angeles is arrested?

Christien on October 25, 2012 at 2:29 PM

If you don’t answer the phone, then he doesn’t have to get arrested.

If you happen to answer the phone or check your email, then he’s gone w/n about 3 hours, right?

So, we’re all safe as long as the Administration, Lord bless their hearts, doesn’t do anything stupid and we have to pay for it. /

ted c on October 25, 2012 at 2:33 PM

[Christien on October 25, 2012 at 2:29 PM]

Ahh, the con-artist Turf War scenario ….

Dusty on October 25, 2012 at 2:34 PM

does he tell his kids that he’s “just there to be iCandy” as well?

/skillz

ted c on October 25, 2012 at 2:34 PM

That clip of Obama and math needs to be in a Romney commercial, chop, chop.

JimK on October 25, 2012 at 2:22 PM

Can’t do that, Jim. The squishy moderates that haven’t decided on who to vote for don’t like all that negativity. A spot highlighting Obama’s comment would make Mitt look like a big meanie.

Common Sense Floridian on October 25, 2012 at 2:34 PM

So where’s the Obama girls’ mom?

ziggyville on October 25, 2012 at 2:37 PM

Romney isn’t an Austrian and he’s not going to surround himself with Austrians. It’s laughable that you would call his track record of economic analysis and action astute.

Dante on October 25, 2012 at 2:24 PM

Hitler was Austrian…

the_nile on October 25, 2012 at 2:37 PM

A bigger liar than Obama there never was.

That he lies so easily, believing and claiming that he doesn’t is a clinical affliction of NPD.

Wake up America.

This will be a very consequential election.

Schadenfreude on October 25, 2012 at 2:37 PM

Dante on October 25, 2012 at 2:24 PM

But does he speak Austrian?

strictnein on October 25, 2012 at 2:39 PM

We are definitely in a robust recovery. Just four years ago, 500 million Americans were losing their jobs each month.

~Pelosi

Christien on October 25, 2012 at 2:40 PM

Why do I have this vision in my head of Sasha and Malia doing their homework next to an empty chair?

justjulie20 on October 25, 2012 at 2:33 PM

Kinda hard to help your kids with their homework from a golf course or a fundraiser.

TXUS on October 25, 2012 at 2:41 PM

Romney isn’t an Austrian and he’s not going to surround himself with Austrians. It’s laughable that you would call his track record of economic analysis and action astute.

Dante on October 25, 2012 at 2:24 PM

I know what you meant, economically/financially.

However, Obama thinks Austrian is a language.

I wonder if he knows that Schicklgruber is a myth.

Schadenfreude on October 25, 2012 at 2:42 PM

In my opinion, “Full on Depression” is what we would see if Obama were re-elected.

ITguy on October 25, 2012 at 2:31 PM

What we will have if Obama is reelected is not a depression, but an apocalypse.

SWalker on October 25, 2012 at 2:43 PM

So where’s the Obama girls’ mom?

ziggyville on October 25, 2012 at 2:37 PM

Tearing the Arms off a Droid that wouldn’t let her win a chess game…

SWalker on October 25, 2012 at 2:46 PM

I’m sorry, but the way he’s sitting with Leno, with his legs crossed like that, is soooo ghey. My teenage son said it while I was thinking it.

parteagirl on October 25, 2012 at 2:52 PM

Romney isn’t an Austrian and he’s not going to surround himself with Austrians. It’s laughable that you would call his track record of economic analysis and action astute.

Dante on October 25, 2012 at 2:24 PM

Obama voter.

hawkdriver on October 25, 2012 at 2:52 PM

He is supposed to be one unprecedentedly brilliant intellectual? Lost in HS freshman math?

I am his age, a woman, and not at all lost in HS math.

If I were Indonesian, I would say the punk is possessed by vengeful ghost thus is ousting his fake brilliant brain himself.

vnohara on October 25, 2012 at 2:56 PM

Caption contest.

Hot Gas on October 25, 2012 at 2:57 PM

I know what you meant, economically/financially.

Schadenfreude on October 25, 2012 at 2:42 PM

No way! Dante wants Romney surrounded by a bunch of shifty Schwarzeneggers.

the_nile on October 25, 2012 at 2:58 PM

It started with Bush. Obama made it worse.

rickv404 on October 25, 2012 at 3:01 PM

Forward. — Obama 2012

———
Love the judge

Schadenfreude on October 25, 2012 at 3:02 PM

I was told there would be no math

txmomof6 on October 25, 2012 at 2:03 PM

Thread winner, right out of the gate.

I LOL’d pretty good at this one, TX mom!

UltimateBob on October 25, 2012 at 3:03 PM

Caption contest.

Hot Gas on October 25, 2012 at 2:57 PM

Demons rejoice

Schadenfreude on October 25, 2012 at 3:03 PM

Why is Obama’s skin tone so jaundiced looking? He’s looking very ill.

OxyCon on October 25, 2012 at 2:09 PM

My bet would be Hepatitis C.

I have to laugh at the helping w/ homework stuff. I was helping my 6th grade with her algebra homework and completely blanked on how to EXPLAIN dividing fractions – I could do it, and come up with the right answer – but I couldn’t tell her how to do it.

BTW – that’s double accelerated algebra…she’s wants to design Ford Mustangs when she grows up. She thinks if she designs a cool car they’ll let her drive it.

Daisy_WI on October 25, 2012 at 3:03 PM

Well, golly — who wouldn’t want four more years of these pretty graphs! They’ll go very well with the other pictures in Obama’s coloring book, er, 20-page “plan”.

natasha333 on October 25, 2012 at 3:06 PM

It started with Bush Democrats taking control of the House and Senate in 2007. Obama (A Democratic president) made it worse.

rickv404 on October 25, 2012 at 3:01 PM

Fixed that for ya, Ricky boy.

UltimateBob on October 25, 2012 at 3:07 PM

Biden v. Biden

Schadenfreude on October 25, 2012 at 3:14 PM

Fixed that for ya, Ricky boy.

UltimateBob on October 25, 2012 at 3:07 PM

It started well before 2007.

Link 1

Link 2

Dante on October 25, 2012 at 3:18 PM

RedManBlueState on October 25, 2012 at 2:16 PM

Go to abine.com and download stopadtracker and you problems will be solved. h/t Bmore

Barred on October 25, 2012 at 3:21 PM

A government solution for everything with this guy, including his daughter’s schoolwork. How about this. The girl can’t handle math, put a paintbrush or a hammer or a shovel in her hand and teach her do do something productive.

Greek Fire on October 25, 2012 at 3:21 PM

Schadenfreude on October 25, 2012 at 3:14 PM

What’s the number of that website?

Christien on October 25, 2012 at 3:21 PM

Didn’t someone measure his SOTU speeches and find they were at Seventh-Grade level as well? Imagine that.

I suspect he would have problems with his daughters’ geography classes, and economics and science as well, if that’s taught at those touchie-feelie basket-weaving schools.

slickwillie2001 on October 25, 2012 at 3:36 PM

He also only beginning to get the hang of debating after decades as brilliant lawyer, years of being senator and almost one term of president.

I hate to say this, but the joke is on us Americans. I sure hope it ends this Nov 6.

vnohara on October 25, 2012 at 3:36 PM

LENO: “When you help your daughters with their homework, is there a subject you struggle with?”

PRESIDENT OBAMA: “I struggle with the ‘work’ part…”

Tsar of Earth on October 25, 2012 at 2:11 PM

I suspect he’s not familiar with doing anything called ‘work’ after around 4pm.

slickwillie2001 on October 25, 2012 at 3:38 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.

dczombie on October 25, 2012 at 2:03 PM

bayam. Over and over.

tom on October 25, 2012 at 3:44 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.

dczombie on October 25, 2012 at 2:03 PM

bayam’s pretty impressed with it.

BigWyo on October 25, 2012 at 2:07 PM

I knew I should have read further into the comments before adding my two cents.

tom on October 25, 2012 at 3:46 PM

Colorado is in China.

Schadenfreude on October 25, 2012 at 3:46 PM

What got aired:

PRESIDENT OBAMA: Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

What didn’t:

Its pretty cool, too. Both my daughters have qualified for multi-billion dollar green energy grants.

BobMbx on October 25, 2012 at 4:14 PM

Who is still calling it a recovery? I mean, other than Obama, the NYT, and Chris Matthews.
dczombie on October 25, 2012 at 2:03 PM

After a while, you stop calling it a search and rescue operation, and start calling it a recovery operation.

BobMbx on October 25, 2012 at 4:15 PM

When does he setup the Office of the President Reject? Replete with it’s own insignia???

ted c on October 25, 2012 at 2:14 PM

If Obama loses, then that will be a very important office (mostly riot control). I predict it will get very ugly in the slums but then again it will be a pretty cheap way to do “urban renewal” (all non-union labor and no work rules).

teejk on October 25, 2012 at 4:16 PM

Someone overhead O off mic to Jay: “It’s all those 000000′s and ,,,,,,,’S and taking away, then adding back, multipliers and stuff… IT’S HARD…real hard.

Maybe someone better point out to him that the I-Phone has an app for that too!

ActinUpinTexas on October 25, 2012 at 4:21 PM

The Heritage foundation figured out why the recovery stalled. This chart makes so much sense.

http://www.heritage.org/multimedia/infographic/2012/10/obamacare-in-pictures/did-obamacare-slow-private-sector-recovery

flstc on October 25, 2012 at 4:49 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

I taught math, and if he was fine until seventh grade, well, he should never have graduated from high school. Even if we bumped the grade up into ninth, there is also no way on earth his SATs would have ever been good enough for college, let alone grad school.

INC on October 25, 2012 at 2:15 PM

Ok, I hate this man with a burning passion – yet I’m pretty sure he wasn’t talking about *his* seventh grade, but in the context of the question, was referring to when his *daughters* were in the seventh grade in terms of being fine with helping them up to that point.

Now, not saying that’s necessarily a good thing, mind you; I’ve got kids of my own and sometimes have to scratch my head and think a bit to help them with something I haven’t seen or done myself in years (my kids are from 7th to 11th grade), but so far am able to figure it out, hehe.

Midas on October 25, 2012 at 4:51 PM

PRESIDENT OBAMA: Well, the math stuff I was fine with up until about seventh grade.

LENO: Yeah.

PRESIDENT OBAMA: But Malia is now a freshman in high school and — I’m pretty lost.

LENO: Yeah.

PRESIDENT OBAMA: Fortunately, they’re great students on their own. and, you know, if something doesn’t work, I’ll call over to the Department of Energy and see if they have a physicist to come over.

You know what might help? Finding someone who’s actually got a track record of being good at math…

———–

What a heaping, steaming pile of petty, petty Hotair crap.

Dave Rywall on October 25, 2012 at 5:16 PM