Yes, you read that right, fellow Americans. I couldn’t believe it either. My first thought was “No way….he did not say that.” But….I’m afraid it’s true.
(h/t: The Washington Examiner)
At a town hall meeting on his campaign-style tour of the Midwest,
President Obama claimed that his economic program “reversed the
recession” until recovery was frustrated by events overseas. And then,
Obama said, with the economy in an increasingly precarious position, the
recovery suffered another blow when Republicans pressed the White House
for federal spending cuts in exchange for an increase in the national
debt limit, resulting in a deal Obama called a “debacle.”
“We had reversed the recession, avoided a depression, gotten the
economy moving again,” Obama told a crowd in Decorah, Iowa. “But over
the last six months we’ve had a run of bad luck.” Obama listed three
events overseas — the Arab Spring uprisings, the tsunami in Japan, and
the European debt crises — which set the economy back. Read more.
Now, I’m no economist….Lord knows that stuff bores me to tears. But I’m pretty confident in saying that he did NOT reverse anything….other than our chances at an economic recovery. I know some say we’re technically not in a recession, but try telling all of the unemployed and underemployed Americans that. If there is some real evidence to the contrary, I would love to see it. Gas prices are still at $3.50-$4.00/gal, food prices are up, unemployment is still around 9%, the housing market is abysmal, and the construction industry is flat on its back. So what exactly was it that he reversed? Someone please enlighten me…