Thursday, September 12, 2013

Divots on the golf course and pivots on the economy

"Because Obama speaks with such authority, it often takes several repetitions before I realize that what he’s saying is total nonsense." Caroline Baum, Bloomberg, on his "growing the economy" meme, A User’s Guide to Obama’s Inside-Out Economics, Aug. 7, 2013

He's pivoted again; it's back to the economy. The rich have recovered; the low income not so much. Five years and Obama can't fix it. The recession has been over since June 2009. Truman had a recession, Eisenhower had several, Nixon got a recession, so did Carter, so did Reagan, so did both Bushes, and all were brief and the economy quickly recovered. But then, they didn't try to take over health care and pay back and bail out unions and bankers. You have to go all the way back to FDR's mishandling of the Depression in the 30s, extending it a decade, to find a record this poor.

          

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