Earlier this week, in a CBS interview, President Obama claimed we are NOT in danger of a second recession:
I don’t think we’re in danger of another recession but we are in danger
of not having a recovery that’s fast enough to deal with what is a
genuine unemployment crisis for a whole lot of folks out there and
that’s why we need to be doing more. [translation…..another stimulus]
Clearly, very few seem to agree with him at this point, and reports are indicating quite the opposite. Here was the Fox Business news report yesterday, as stocks were tumbling once again:
The Dow closed yesterday, down 419.63, and is expected to fall drastically again today.
My question….what is Obama thinking? He either 1) really believes it [doubt it], 2) thinks we’re stupid enough to believe it [probably], or 3) thinks that his SAYING will make it so [more likely].
Of course, we know what happens when Obama says things….
1) The stock market plummets – nearly every time Obama has given a speech on the economy/jobs, the market falls. I’ve heard people say they totally tuned out of the speech, because they were so mesmerized at how quickly the ticker was dropping.
2) The opposite happens – he predicted last summer would be the summer of recovery; we lost jobs.. He said unemployment wouldn’t go over 8%; it’s been at or around 9% for more than two years, even hitting 10% in late 2009. He said we would not be downgraded; we were. Need I go on….
3) America pays for it – nothing positive has come out of any of Obama’s “plans”. The stimulus and jobs bills have only put us further into debt. Obamacare will cost jobs and possibly lives, as the price of health care will rise and the quality of health care will fall.
Given Obama’s track record, it looks like we’re heading into a double dip. So, brace yourselves, America. It’s about to get ugly…