RochesterConservative.com

By rochester_veteran

Obama, along with Federal Reserve chairman Ben Bernanke, announced yesterday that the economy is in recovery, regardless of the data, employment figures and how the stock market is performing. From Yahoo News:

President Barack Obama, with Federal Reserve chairman Ben Bernanke at his side, insisted the US economy was “strengthening” Tuesday despite foreboding data and a fresh stock market slump.

Obama admitted there was “great concern” about the recovery, amid increasing anxiety over indicators which may point to a slowing of the rebound, and with expectations low for the latest unemployment figures due out Friday.

“The economy is strengthening, we are into recovery,” Obama said, shortly after new figures showed that consumer confidence, a key economic indicator, had tumbled in June, sending stock markets worldwide plummeting.

Does he think if he keeps on repeating the lie, that we will start believing it?

The stock market dropped over 200 points yesterday and is now below 10,000. Unemployment is hovering at around 10%, despite Obama’s promise that the Porkulus Package would bring it down to less that 8%. The article then goes on to report the pesky data that Obama and his enabler, Bernanke, want to brush aside:

Last month, in figures that fell well short of expectations, the Department said 431,000 posts were created in May, most of them temporary government jobs for this year’s census.

Private-sector jobs rose by just 41,000, less than a fifth of the amount predicted by analysts. Much of that gain came from temporary service-sector jobs. The employment rate stood at 9.7 percent.

Obama is starting to sound like Bagdad Bob!