Posted on 04/28/2016 1:24:21 PM PDT by Nachum
Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in a final affront to fact, Obama dismisses the conclusion of "The Big Short" proclaiming that he reined in Wall Street, overhauled the banking system, and made water from wine "the financial system substantially more stable."
With regard his presidential legacy, Obama recently said he was proud of the healthcare reforms, and added that:
"saving the world from a Great Depression – that was quite good."
Defending the sheer arrogance (and ignorance) of such a statement, he added, "I'm proud; I think I've been true to myself during this process." Truth must have a different meaning where he comes from, but of course, anyone doubting the truthiness of such a statement was hacked down to size with the now ubiquitous "Don't give up and succumb to cynics."
And now, as The Independent notes,
The interview, with the paper’s Sunday Magazine, was part an exercise in patting himself on his own back for lifting the US out of the economic morass he inherited from President George W. Bush and part remorse.
“I actually compare our economic performance to how, historically, countries that have wrenching financial crises perform,” he said of the early days of his presidency. “By that measure,
(Excerpt) Read more at zerohedge.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
O can yack all he wants about “recovery” but he’s living in an alternate universe if he really believes that BS
we have 100 million American adults of working age...without jobs
the highest number in all of American history
thank largely to Obama and his anti-jobs policies
Actually, he said these things on his campaign trail.
End of stock swings. Of course he also said gasoline would necessarily be 4 dollars a gallon across the board.
But, but, but, Obama said our economy was doing GREAT???
but... but... BUSH!!!....
Is this an article from the ONion? That has to be satire. Nobody can think that highly of himself in the face of continuous recession.
Right???
Well DUH! you dumbass! You mean even you aren’t capable of convincing Americans that what they see every day isn’t really happening?
Wow. There is very little worse than a combination of massive ego and complete delusion!
Clown Prince nobama is upset that he can’t convince the sane to be insane??? This life-loser and complete anti-American traitor’s legacy is one of waste, destruction and complete malignancy. What a criminal degenerate.
-- Obama viles
Obama and Hillary sure do like to blame all the world’s woes on movies they don’t like.
The ONLY thing that has kept Obama’s Presidency alive is $10 Trillion in new government debt, Federal Reserve money printing, and interest rates at zero for his entire time in office.
that’s the Roman equivalent of throwing open the treasury and debasing the currency, big time.
The next President(s) will have hell to pay.
Obama thinks increased Government spending equals a recovery.
All of us certainly have to admit that a financial system which has bottomed out is “more stable”.
"The Big Short" really was a very sucky movie. It completely left out all the causes of the economic damage and tried to paint it as a case of Wall Street Greed.
While "Wall Street Greed" certainly was part of it, it wasn't the *CAUSE* of the disaster.
The CAUSE was Bill Clinton pushing mortgage companies to lend to poor people who were bad loan risks. Bill Clinton *CAUSED* the housing bubble and reality caused the collapse.
Pardon me if I disagree. The ONLY thing that has kept Obama’s Presidency alive is Joe Insurance Policy.
that’s the Roman equivalent of throwing open the treasury and debasing the currency, big time.
Yup. Utter fakery from start to finish.
that’s the Roman equivalent of throwing open the treasury and debasing the currency, big time.
The next President(s) will have hell to pay.
That ain't the half of it. When the banks are freed of the Regimes' regulators' draconian lending restrictions, there will be a race to the gates to get rid of their static money piles. Interest rates will temporarily drop, then inflation will kick in that will make the Weimar look like a good thing.
He brags about the DOW JONES recovery, but ignores everything else that never recovered.
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