You could call it creative accounting. It is certainly very wishful thinking in the face of massive evidence to the contrary, but our never-to-be-phased, ever-eager-to-invent President is out there again weaving stories out of whole cloth. His only problem is that the nation is rapidly figuring out that our would be emperor has no clothes.
Reflected in the teleprompter, Obama in Charlotte, North Carolina.
Hes actually out there touting a 9.5% unemployment rate, which if all numbers were figured in would run somewhere near 18%, as some sort of success. In fact, if the temporary hiring for the census was subtracted the unemployment figures would be even higher than 9.5%. To the adulation of the rent-a-mob crowds, which have become de rigeur at the Anointed Ones appearances, Obama had the nerve to say that we had turned the corner on the recession and good times will be had by all.
Hmm an absolutely jobless recovery three point eight million jobs lost since the stimulus bill was passed! Commercial bankruptcies at a historical high this year, banks around the country hiding foreclosures by keeping them off the market, a government whose policies toward business is completely antithetical to the private sector, while gobbling up vast chunks of the economy with absolutely no knowledge or expertise in running any of these businesses. read more »