Bad timing on President Obama’s part.
On the same day that he bragged that the worst of the recession is over, the Dow Jones tumbled 265 points and followed that up with another 59 point loss on Thursday after the Fed downgraded its forecast for economic recovery and the likelihood of a double-dip recession increased.
The day’s newspaper headlines included, “Unemployment claims rise to six month high,” “You unemployment hits record high,” “July deficit adds $165.04 billion,” and “30,000 line up for hand-outs.”
Nevertheless, President Obama refused to bow to reality (he reserves his bowing for America’s enemies) and “insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports.”
“So while we have fought back from the worst of this recession, we’ve still got a lot of work to do,” the Propagandist In Chief added. “We’ve still got a long way to go. And I’m more determined than ever to do every single thing we can to hasten our economic recovery and get our people back to work.”
Every single thing? So cutting taxes is on the table. Nah, who are we kidding?
Good lord, man, if this is a “recovery summer,” we’d hate to see a recessionary summer.
Source: The Hill
This post was last modified on January 26, 2021
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It's the economy stupid! Coming back to bite stinkin' democrats in their stinkin' butts. HA!
If he's talking, he's lying.
Let's cut the crap, are we in a recession? Or are we in the "summer of recovery"?
We are in a depression.
http://jacksonville.com/opinion/columnists/matt-towery/2010-08-15/story/stimuls-failure-nation%E2%80%99s-economy-free-fall%E2%80%99
So this explains why my mutual fund is doing so crappy.
I wonder if anyone in Vegas is giving odds on whether he'll bow to Ahmadinejad if they ever meet.
Wow. That is an awesome question. I'd wager that he will.
Allow me to translate one sentence from The Great One: "And I’m more determined than ever to do every single thing we can to hasten our economic recovery and get our people back to work.”
Translation: "And I'm more determined than ever to do every crooked, backroom deal to put the final nail in the coffin of this country so my people (read payback) can have work."
This SOS is clueless of the economic power that IS the free open market.
There is so much money to be made in legitimate, productive ways IF:
1. Current tax cuts remain and more tax cuts are signed into law
2. Drilling is allowed everywhere
3. Regulatory barriers are repealed
4. Capitalism is allowed to flourish
...add to the list
He has thus far, accomplished nearly everything he set out to do-turned healthcare over to the G, turned 2 major auto-mfr's to the g, printed more money than ever in history, thus plunging us into a position whereby most of America will be in line for the gubment cheese before too long. The marxist-in-chief has accomplished much in just 2 short years-it is funny, it took the commies 60 years to get one of their own into the white house, and it only took about 20 months for that person to destroy America. Funny(not funny ha ha) how that works isn't it? A simple tenet like marxism can so quickly bring down a country. One would think that the Roman Empire would stand as a glaring example of why communism doesn't work-but oh well-these "intellectual elites" are only fooling themselves with that moniker!
Funny ain't it? He's damn near destroyed everything in such a short time and his loony left base is still pissed because it's not enough. What would it take to make those kooks happy? Maybe gibbs was right for once; Canadian health care and no pentagon. They don't see that he's already working on both.
Speaking of Obama, here's my workup of his PC desktop (click image to enlarge), posted over at Zero Hedge (feel free to repost).
http://www.zerohedge.com/article/artists-rendering-barack-obamas-desktop
HAHAHAHAHA!!!!!! I love the Google tab, "How to F*** Up A Country."