The Teleprompter in Chief™ defies reality, regurgitating well-worn propaganda that flies in the face of reality as revealed in real numbers.
President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
“It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession”
…which is a good thing, and probably all the “Stimuless” spending package should been enacted to do; provide a safety net. The rest of the plan is a combination of deferred liberal agendas and political payback.
Meanwhile, unemployment continues to rise, oil prices are falling (which believe it or not is bad), and the stock market has fallen four weeks in a row in anticipation of an extended worldwide recession as global government borrowing digs an ever-deepening crevasse.
Oil prices and the stock market are accepted leading indicators. Obama’s rhetoric has no substantive or predictive value whatsoever.
In asking for public patience, Obama said the recovery act “wasn’t designed to restore the economy to full health on its own, but to provide the boost necessary to stop the free fall.”
This is what you call backpedaling – where are even some of our 2-3 Million New Jobs? – a number Barack Obama pulled from his backside some time ago – why is unemployment above 8% and still rising? If this is not a free fall….
…the bill “was designed to spur demand and get people spending again and cushion those who had borne the brunt of the crisis,” the president said.
Both missions: Unaccomplished.
Obama said the measure “was not designed to work in four months — it was designed to work over two years.”
“Remember, we’re only 140 days into this deal,” Biden said in a speech in Cincinnati. “It’s supposed to take 18 months.”
Well, at least you guys have your stories straight.