True to form Obama’s economic policy is working. Down is up and up is down. According to Obama the worse things get, the more that is a sure sign of recovery. Obama is now running on fumes. His best day in office was his first day as president. From there it was downhill for him and it will get much, much worse.
“(Reuters) – President Barack Obama said on Sunday the economy has turned the corner and resumed growth. “We are seeing the corner turn on the economy growing again,” he said in a interview with CBS television news. Obama said companies were beginning to hire again, but “it’s not happening as fast as we’d like.” More…
At the same time unemployment is going up. Couple that with the 16.5% unemployment rate and 41 million people on food stamps an all time record and you have a solid argument for a booming recovery. You just cannot make this up.
When the president gets back from his sixth vacation in 18 months and his wife’s 10th vacation in 18 months, we are sure they will have more wisdom to impart.
“Stocks drop as jobless claims rise unexpectedly
NEW YORK (AP) — Stocks fell Thursday after the Labor Department said claims for unemployment benefits rose unexpectedly last week, renewing concerns about the pace of the economic recovery.
The disappointing news about the jobs market came minutes after news that Intel Corp. was acquiring McAfee Inc. The deal, valued at $7.68 billion, helped to cushion the blow from the jump in unemployment benefit claims.” More…