Today, DNC Chair Representative Debbie Wasserman Schultz had a tough time on Fox News Sunday. She exemplified the double standard that some Democrats hold regarding President Obama. For instance, in the clip below, she maintains that Mitt Romney was accountable for all jobs lost by his portfolio companies during his tenure as CEO of Bain Capital. While Mitt Romney was not CEO of each individual company, but merely an investor in them, I think it is fair that one could hold him partially accountable for both jobs lost and gained at these companies.
In other words, I agree with Representative Wasserman Schultz on her first point.
That said, she applies a double standard regarding the government’s loan guarantee to failed solar company, Solyndra. Like Romney, Obama was not CEO of Solyndra, but he presided over the federal government when the DOE provided a loan guarantee to that company. Therefore, by Wasserman Schultz’s own standard, President Obama was also ultimately responsible for the failed investment in that company, and the resulting layoffs that ensued from that failed investment. Of course, she failed to acknowledge that fact during her interview.
The DNC Chair cannot have it both ways.
In the clip below, Representative Wasserman Schultz also asserted that President Obama had to contend with an unemployment rate of over 11% at one point. Now either Representative Wasserman Schultz is lying or is stupid because the national unemployment rate has never been even close to 11% during the Obama administration. It peaked in October 2009 at 10.0%.
Wasserman Schultz then falls back to the usual “Obama inherited a tough economy three years ago, and the Republicans have been obstructionist for one year” arguments.
Are people still buying these arguments at this point? Especially given that President Obama’s economic team predicted unemployment today would be in the 6% range?