Apr 11 2009
Liar, Liar Pants on Fire: Obama Sees Economic Progress
Obama says he sees signs of economic progress . I call bullshit. I say you need more people Mr. President:
President Barack Obama said on Friday the recession-hit U.S. economy was showing “glimmers of hope” despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
“We’ve still got a lot of work to do,” Obama told reporters after a meeting with economic and regulatory teams plus Federal Reserve Board Chairman Ben Bernanke. But he added, “We’re starting to see progress.”
Obama spoke a day after encouraging trade and jobless figures pushed stocks higher, and White House economic adviser Lawrence Summers predicted the economy would emerge from a sense of “freefall” by the middle of the year.
Most of these “signs” are what happens when the bottom falls out: vultures come in gobbling up the pieces. I’m sorry, but until housing prices stabilize, job losses stop escalating and the unemployment rolls decrease for at least 3 consecutive months, I don’t want to hear anything about a glimmer.
