Practitioners of the dismal science (some call it “economics”) have poorer prognostication records than the average storefront fortune teller. Still, even they have enough sense to realize a plethora of dark acrid smoke is a strong clue that somethin’ may be a’ burnin’.
Not White House head double-talker Jay Carney, who is either an incurable optimist or simply incurable.
AP presents White House Minister of Propaganda Jay Carney starring in Pollyanna:
President Barack Obama’s spokesman is discounting talk that the economy may be headed back into recession, despite recent concerns of economists.
Spokesman Jay Carney says there is no question that economic growth and job creation have slowed over the past half year.
But, Carney told a White House briefing, “We do not believe that there is a threat of a double-dip recession.”
We’d point out that when one’s caught in a downpour, the “threat” of rain is a foregone conclusion.
The recession that began in December 2007 officially ended in summer 2009 and the economy has seen growth since then. However, that growth has slowed to a trickle in recent months.
Sounds like the “trickle down economics” Keynsians are always denigrating until their policies are the stones in the ureter.
He blamed the earthquake and tsunami in Japan, higher energy prices, default worries in Europe and recently resolved uncertainty over raising America’s borrowing limit. Carney said, “We believe the economy will continue to grow.”
Wow, so Japanese natural disasters and European deadbeats are the ones who passed Obamacare and the un-stimulative Stimulus and are harrassing U.S. businesses with stupid regulations? Damn them! Damn them to hell!
– Written by Bonfire of the Absurdities
Source: Associated Press