WHILE CLINTON EMBRACES THE OBAMA ECONOMY, JANET YELLEN WARNS THAT IT HASN’T FULLY RECOVERED

Clinton Claimed That Obama Had “Put Us Back On The Right Track.” CLINTON: “And across America we're beginning to see the results of all of that hard work. And I will say that there does seem to be a pattern. Democratic presidents – and there's two in particular I'm thinking about – over the last 35 years seem to inherit a mess of problems. Have you noticed that? So then they have to dig us out of the ditches they find themselves in and put us back on the right track. And of course, I'm talking about Bill Clinton and Barack Obama.” (Hillary Clinton, Remarks At A Campaign Event, Columbia, SC, 5/27/15)

  • Clinton: “And Now, After A Lot     Of Hard Work, We’re Out Of That Hole.”     HILLARY CLINTON: “This great recession put so many people behind. And what we had to do was to dig ourselves out of the hole that President Obama inherited. If I had been elected, I would have inherited the same deep hole. And it was not of any of your doing, but it made people lose their jobs, have their homes foreclosed on, postpone sending kids to college, put off saving for retirement.     And now, after a lot of hard work, we’re out of that hole. We’re standing up. But we’re not running yet. We need to get by, and then get ahead, and then stay ahead.”     (Hillary Clinton, Remarks At A     Campaign Event, Exeter, NH, 5/19/15) 

Clinton Praised Obama And His Economic Policies For “Stanching The Bleeding” Of The Economic Crisis And “Getting Us Out Of That Ditch We Were In.” “She praised President Barack Obama, saying he ‘deserves an enormous amount of credit for stanching the bleeding’ in the wake of the economic crisis and ‘getting us out of that ditch we were in.’” (Maggie Haberman and Katie Glueck, “Hillary Clinton: Women’s Economic Issues Need ‘Movement,’” Politico, 9/18/14)

But Today Yellen Warned “That While The Labor Market Has Improved It Still Has Not Fully Recovered.” YELLEN: “That while the labor market has improved it still has not fully recovered.” (Federal Reserve Chair Janet Yellen, Remarks At The City Club Of Cleveland, Cleveland, OH, 7/10/15)


Yellen Also Warned That “A Significant Number” Of Americans Are Staying Out Of the Labor Force Because They Don’t See Good Job Opportunities And A Stronger Economy May Be Needed To Draw Them Back. YELLEN: “Nevertheless I think a significant number of individuals still are not seeking work because they perceive a lack of good job opportunities and that a stronger economy would draw some of them back into the labor force.” (Federal Reserve Chair Janet Yellen, Remarks At The City Club Of Cleveland, Cleveland, OH, 7/10/15)


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