IT’S STILL ABOUT THE ECONOMY STUPID!
Why is it that President Barack Obama and his minions just can’t seem to comprehend that his entire reelection is based on the economy and whether people are working? How could the Obama Administration continue to be so obtuse when it comes to the economy and jobs? It is as if they actually do not want to create jobs, if one did not know any better. June’s increase of the unemployment rate to 9.2% and a pathetic 18,000 jobs created is a complete embarrassment. Or, at least it should be. However, sadly for the United States Barack Obama and his peeps have been clueless from the outset and continue to spew their BS. Following the terrible job numbers, Obama mouth piece Jay Carner continued to insult the common sense of Americans.
Responding to the Friday jobs report, White House Press Secretary Jay Carney doubled down on Plouffe’s analysis: “Most people do not sit around the kitchen table and analyze GDP and unemployment numbers. They talk about how they feel, their own economic situation . . . whether they’re making their house payments.”
With the rate of foreclosures continuing to climb on Obama’s watch, maybe “house payments” isn’t the best metric.
But his naive logic shouldn’t surprise.
It’s been clear from Day One that this White House is clueless when it comes to the economy
According to the Rasmussen report, following the terrible job numbers on Friday where unemployment went up to 9.2%, consumer confidence has fallen to a near two year low.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell two-and-a-half points on Saturday to 68.6. That’s the lowest level of confidence measured since July 24, 2009. Consumer confidence is down two points from a week ago, six points from a month ago and eight points from three months ago.
Make no mistake about it, the American voters will remember that Obama said that the $878 billion stimulus would keep unemployment below 8% and that then Democrat Speaker of the House Pelosi said that Obamacare would create 400,000 jobs instantly. Come 2012 there will be a reckoning and Democrats are going to pay an even steeper price than they did in the 2010 midterms.