The Washington Clown Show

Based on the President's public pronouncements, things look to be getting better by the day:

"We've got an economy that is showing some positive signs. We've seen many consecutive months of private sector job growth." (12/23/11)

"We’re moving in the right direction. We have made real progress. Now is not the time to stop." (1/6/12)

"The economy is growing stronger.  The recovery is speeding up." (2/3/12)

"We are seeing signs that our economy is on the mend." (2/13/12)

But is that what he really thinks?

"Privately, Obama Sees Recovery 1-2 Years Off" (Washington Examiner)

The public President Obama, bubbly in his reelection campaigning about a recovering U.S. economy, isn’t as optimistic in private, telling a select few that it will likely take up to two years for any recovery to click in.

A letter provided to Washington Secrets from Obama to a long-unemployed Portland, Maine carpenter pulls back the curtain of economic hope to reveal the truth about the stagnant economy. “I won’t lie to you,” Obama penned in hand to Charles Oliver in October. “It will probably take another year or two to fully dig our way out of this hole.”

Oliver had written the president in June to ask: “Are we as Americans going to be alright?” Answered Obama, “Yes, we will be ok. Because America has gotten through tough times before, and because of good people like you.”

While happy for the response, Oliver told us that he hasn’t seen any of the recovery the president and media have been heralding. “He’s out campaigning saying everything is coming up roses. He’s a lying SOB,” Oliver said of Obama, who has tried to temper his hopefulness with cautions that the recovery could hit speed bumps.

Surely, I can't be the only one who believes it is better for all Americans to hear the truth, so that we know exactly what we're dealing with (and how best to address it)?

Jeez, what a clown show.

Comments

[roger]

Political education/economic savvy cannot be taught,
It must be learned the hard way by years of reading,
analyzing ALL SOURCES,intellectual and historical,
reality is very dogmatic and does not tolerate preconceived ideas.Looking to a leader for answers or a messiah
for salvation is naive to the extreme.

[Sam]

If the plumber voted Republican, for George W Bush, and didn't pay attention that Bush tax cuts do not work to create jobs in the US, then the plumber has nothing to complain about. If the plumber had written the dry drunk in Crawford, Texas, what reply would there be? Probably none.

[hmmm]

Sam,

Didn't 0bama champion the extension of the Bush tax cuts for the wealthy? They were set to expire which means 0bama championed one of the largest tax cuts in U.S. history.

[gardener1]

Pathetic. :-(
Just feeble Obama. WTF.

[Tom]

When will truth dawn on economists?
http://questioneverything.typepad.com/question_everything/2012/02/when-will-truth-dawn-on-economists.html#comments

[Rocky]

hmmm: Obama only wanted to extend the tax cuts to the under $200,000/$250,000 income crowd. But he gave in to get an unemployment benefits extension through. One might say, he gave up a lot to gain a little. Sounds like a bad trade to me. But then I'm not unemployed, just retired. Even in the bad old days (1950's), when times were tough for my family, I never had to sleep in the streets. Even when I had to wear hand me down shirts from my rich cousin, they were single needle tailored.

[Banana messenger]

I wonder if it will take that long to find the stolen money?

Chris Whalen: JPM and the Banks Have the MF Global Money And the Status Quo Is Protecting Them

"But please, to our friends in the Big Media, could we stop saying that we don't know the location of the missing $1.6 billion of client funds from MF Global? The money is safe and sound at JPM and other counterparties. As with Goldman Sachs et al and American International Group, the banks have been bailed out at the cost of somebody else. And the various agencies of the federal government are complicit in the fraud."

Chris Whalen, Institutional Risk Analyst

http://jessescrossroadscafe.blogspot.com/2012/02/chris-whalen-jpm-has-mf-global-money.html

[Cliff economics]

An Economy That's Gone Off The Cliff

See chart:

"That is not a pretty chart and the implications for the economy are quite ominous because, after stripping out the Government's largess, it turns out the real personal income in this country has actually been declining on a monthly basis since the end of 2009."

http://truthingold.blogspot.com/2012/02/economy-thats-gone-off-cliff.html

[Economics Teacher]

What is happening in Greece will happen here, but worse because we're in worse financial shape, we have a military invading the world & stealing people's oil & natural resources, & a population that believes in some mythical American exceptionalism brainwashed into them through the government propaganda mills known a public schools.

Basically, our economic system is totally screwed because its foundation is based on hocus pocus AKA money created out nothing & backed by nothing but human faith in our crooked, dead-beat, murderous, fascist government.

[Economics Teacher]

Whoops. Sorry about the double post & profanity. Seeing our once proud country slide towards becoming a police state makes me mad.