More Monkey Juice?
Posted on 09/16/2013 6:25:01 PM PDT by Jim Robinson
Even putting his best gloss on the case and even outright contradicting hard numbers from his own administration, President Obama has a tough time selling the current economy as a comfy place in which to live and do business. According to the White House's own five-years-later report on the fiscal crisis and the administration's wrassling therewith, Americans remain trillions of dollars in household income behind where they were in 2008. That's when the report is being honest—it also claims a TARP profit that will come as a surprise to Christy Romero, the Special Inspector General for the Troubled Asset Relief Program, who reported quite the opposite just two months ago. Maybe that's why the president spent much of today's speech devoted to the fiscal crisis anniversary blaming Republicans for whatever economic doldrums there may still be even as he and his advisors insist the future's so bright ya gotta wear shades.
In his speech today, President Obama claimed credit for an economic turnaround:
We helped responsible homeowners modify their mortgages so that more of them could keep their homes. We helped jumpstart the flow of credit to help more small businesses keep their doors open. We saved the American auto industry.And as we worked to stabilize the economy and get it growing and creating jobs again...
(Excerpt) Read more at reason.com ...
Rainbows, Unicorns and Skittles for Everyone! *SPIT*
The economy was “good enough” to re-elect Baraq in 2012 fueled by 100s of billions in entitlements. And until the markets eventually puke on the continuing onslaught of Baraqqi/Bernanke minibucks, the charade will continue.
More Monkey Juice?
Doing SOOO good a fast food minimum wage job is now a viable career choice. Way to go Bonsai Barry. Way to go.
He only helped “responsible” homeowners. That’s racist!
Can’t wait to see how Bill’s wife and Uncle Joe defend this economic disaster in the 2016 Democratic primaries.
The clown is a fraud. Total failboat.
That will be news to some people here that consistently tell us all the TARP money got paid back with interest.
bump
And now they are pushing reverse mortgages so more people can lose their homes.
An incredible pile of lies emitted by the President. A huge pile.
I’m not sure what economic turnaround there is. I’ve been reading the real estate section for over three years. Home prices in the area where we want to retire (and other places) are still dropping and I’ve notice more homes going under foreclosure. The area that I live houses go on the market and stay up for sale for a long time.
I know this is just anecdotal but I don’t believe the housing figures.
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