Incoherent, the media should ask the White House Counsel of Economic Advisers to explain this embarrassing ignorance of macroeconomics.
The sad part about that Obama rally is that he could have said pure gibberish for 30 minutes (basically what he did anyway) and would have received cheers from that crowd. He could have said:
Obama: I LIKE KITTENS!
Crowd: YEAH!
Obama: Do YOU like KITTENS?!
Crowd: YEAH!
Obama: Romney doesn’t like KITTENS!
Crowd: BOOO!
Obama: Please go vote in four days for four more years of me liking kittens!!
Crowd: FOUR MORE YEARS! KITTENS! FOUR MORE YEARS!