Remember the White House “Summer of Recovery?” It was in 2010.
Remember how, like, we didn’t recover and all? That didn’t stop President Obama – and Vice President Joe Biden, in particular – from running around the country talking about all the wonderful “stimulus” projects and how all the cash being handed out was lifting us out of the economic crap house.
Well looks like we’re in for ANOTHER such summer. Lots of talk, no recovery.
Obama, as you read in the article I ran earlier today, will barnstorm the nation over the next few weeks talking about the wonders of Socialism. Okay, sorry, let me be more polite, liberalism. But it’s Socialism.
Nice for him. But WE HAVE TO LIVE WITH IT.
According to the Wall Street Journal, “The long anticipated acceleration in the U.S. economy has been put on hold once again.”
OH GOSH LUCY STOP PULLING THAT FOOTBALL OUT FROM UNDER MY FOOT!
Disappointing economic and corporate-earnings reports in recent weeks have dashed hopes that the U.S. was at last entering a phase of solid, self-sustaining growth. Instead, while economists expect a modest second-half pickup in growth, few are predicting the kind of substantial rebound needed to quickly bring down unemployment, raise wages and insulate the U.S. from economic threats abroad . . .
Such false dawns have been a recurring theme in a recovery filled with rosy projections that last only until the next crisis or unforeseen roadblock appears.
Uhh boy. According to the piece, economists think GDP grew at about 1.5 percent in the second quarter. They still expect growth to edge up to about 2.5 percent for the second half of the year, which will give us an annual 2013 rate of 2 percent, though they have “become markedly more pessimistic” in the last month.
TWO PERCENT GROWTH. We’re in Obama’s fifth year as president.
I just can’t believe this George W. Bush guy. Can’t he just leave us alone and stop ruining the Obama economy?