“We’re going to pass through some rough terrain that even a Wrangler would have a tough time with,” Obama said, in reference to the Jeep truck produced at the Toledo plant. The quip was met with boos.What?! Union thug types booing the president over the bleak economic outlook?
Obama said the economy has faced “headwinds” in recent months, including rising gas prices, the earthquake in Japan and instability in the Middle East.Yeah, the earth quake in Japan. Our economy under Obama would be rip-roaring... if it wasn't for that earth quake in Japan. What a bozo.
The president did not mention a surprisingly poor jobs report, which showed unemployement continuing to rise from a hefty 9.0 percent to the slightly heftier 9.1%. The lackluster numbers were further blackened by the fact that McDonald's new burger flipper hires accounted for half of the dismally poor 54 K total.
“We had a few options: we could have followed the status quo and kept the automakers on life support … but that would have just kicked the problem down the road,” Obama said. “Or we could have done what lots of folks in Washington thought we should do, and that is nothing."Well, that certainly would have been better than what you did do. Strong arm the bond holders while you took tax payer money to throw at the unions. Then using the power of government, you placed the unions in a majority ownership position. That's not good. And all the spending and union kick backs sucked up all the remaining capital, while de-stabilizing the economy by introducing a great deal of uncertainty.
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| "Oh, happy day!" |
One couple, however, found themselves strangely invigorated and ready to celebrate:
Expectations were for new jobs to be added at over 150,000 a month, hopefully at 400,000 to 500,000 a month. Not exactly cutting it as we enjoy our second "recovery summer". For all the recovery I keep hearing about, we still end up with surprisingly low consumer confidence, and surprisingly low job growth. We should quit being so surprised. This isn't a jobless recovery. It isn't a recovery at all.
ReplyDeleteThe longer this guys presidency goes, the better and better Jimmy Carter looks. It's incredible. I just never thought I'd see the day when I didn't think Jimmy Carter was the worst president in our entire storied history. Never.
ReplyDeleteWell, the day is here, and Jimmy is all smiles. The monkey off his back, he can stand tall and smile away.
Good for you, Jimmy!