Washington Times: Obama’s Economic Crisis

“He is deliberately misrepresenting this. Here’s a person with a terrible record on government and a terrible record on and a person who broke his word on taxes. He has no credibility.”

English: "Former Presidents George H. W. ...

“Former Presidents George H. W. Bush and Bill Clinton film a public service announcement encouraging the American people to make cash donations to the tsunami relief effort through www.usafreedomcorps.gov in the White House Library Wednesday, Jan. 5, 2005.” (Photo credit: Wikipedia)

Who said that? Bill Clinton! Who was he saying it about? George H. W. Bush! When did he say it? 1992!

Fooled ya, didn’t I? 20 years have passed and little has changed except the players.

The GDP numbers on Friday showing the continuing to slow and headed into the predicted months ago by ECRI (Economic Cycle Research Institute), isn’t good news for Obama. The last quarter of last year showed growth (conveniently revised upward in Friday’s report) was 4.1 percent (on an annualized basis), while the second quarter was just 1.5 percent. Not only is the slowing, it is slowing at an accelerating pace.

But the White House claimed that Friday’s numbers indicate that “the continues to move in the right direction.” Spokesman (read: apologist) for the White House Jay Carney said:

We’re still in a position where we are pulling ourselves out of the very deep hole caused by the Great Recession, and there is still—of course—a great deal of anxiety in the country about the economy.

The ’s mouthpiece, The Wall Street Journal, even had to admit that things are looking dour for Obama:

Mr. Obama is running for re-election as a tribune of the middle-class against “millionaires and billionaires,” but his Presidency has been the worst for the middle class and the poor in decades

In return for blowing out the federal balance sheet, Americans got more debt but not more growth. And Mr. Obama says he wants $100 billion in more stimulus now?

Added to the record of the last four years, the 1.5% second quarter should solidify in the public mind that President Obama has failed on the economy.

Talk about mixed emotions. Watching the crater under Obama’s watch reminds me of the fellow watching his mother-in- drive off the cliff in his brand new Cadillac.

Opt In Image
Soak Up More Light from the Right
with a free copy of Bob's most popular eBook!

Sign up to to receive Bob's explosive articles in your inbox every week, and as a thank you we'll send a copy of his most popular eBook - completely free of charge!

How can you help stop the Democrat's latest gun grab? How is the deceiving America today? What is the latest Obama administration scandal coverup? Sign up for the Light from the Right email newsletter and help stop the progressives' takeover of America!