Saturday, April 30, 2011

Bad news on the US economy


Pres BO got more bad news about the US economy.

We learned that the first quarter GDP was a very weak 1.8%. 

What's wrong with that? There are three problems:  

First, 1.8% growth won't create enough jobs;

Second, it was 3.1% in the fourth quarter of 2010; and,

Third, aren't we in the 25th month of the stimulus passed in March 2009?  Didn't we spend $787 billion to stimulate the US economy?

In other words, Pres BO has a lot bigger problems than releasing his birth certificate.  He faces an angry country because all of the objective economic measurements are getting worse not better

We are watching a president who is in over his head.  

It won't matter what he tells Oprah or how much money he raises for 2012.  

And the "race card" won't help him either! 
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