Even the biased liberal media can no longer cover up the disastrous economy the Obamateur has fostered on the US since coming into office. The Pelosi/Reid recession has sunk the US economy in a spiral of malaise, not seen since the Carter Administration. Our leftist friends would have one think that the economy under W Bush was a disaster. Far from it.
Unemployment was around 5% and the deficit was around $500 billion or less. Then, Pelosi/Reid came into power and the economy went in the toilet. Then Obamateur runs a $1.5 trillion deficit and unemployment hits 10%, and all is well.
The Fed meets tomorrow. Look for no good news and probably a continuation of the propping up of the US economy with borrowed funds.
Of course, it will be spun as rainbows, skittles, and unicorns.
Monday, August 9, 2010
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