Sunday, July 12, 2009

Obama Is Detached From Reality!

We have close to 10% unemployment and it seems there's no light at the end of the tunnel for many Americans. We are struggling in real America and Obama thinks "things are working"! How detached is he from reality?

The Obama administration appears to be changing its rhetoric on the economy as Democratic nerves begin to fray and bad economic news threatens to stall President Obama’s ambitious agenda.

Last week Vice President Joe Biden acknowledged that the economy was not improving as quickly as the administration had hoped because, he said, their economic estimates were wrong and another member of the Obama administration suggested America needs a second stimulus package.

But toward the end of the week and over the weekend Treasury Secretary Timothy Geithner and even President Obama himself attempted to envelope the economy in a rosier glow. Source

UPDATE : Back in February, when the Obama economic team did the full-court press for why we had to have the stimulus now, they said without the "stimulus" bill, unemployment might climb as high at 9%, and with the stimulus in place, unemployment would top out at 8.5%. Well, the Democrats got their stimulus, and the unemployment number sailed way past their dire prediction of 9%.