I want to be wrong. And I'm going to take the president at his word; that his plans have stopped the decline.I personally think he is mistaken and that sometime starting after the New Year you'll start seeing how bogus this is, but here are the headlines:
• "Positive U.S. Economic Data"
• "U.S. Recovery Buoys the Bulls"
• "U.S. Stocks Rise"
• "The GDP Is Up"
Fantastic!
Obama had this to say: "We can see clearly now that the steps my administration is taking are making a difference... blunting the worst of this recession and helping to bring about its conclusion."
Now, here are some pesky "oh gee, there goes Glenn again" facts:
Yes, the GDP was up, but unemployment continues to heads towards double digits and currently stands at 9.8 percent.
And while they — rightly so — pat themselves on the back and celebrate the GDP increase of 3.5 percent, I would just like to point out that number was inflated by stimulus money.
They patted themselves on the back again on "cash for clunkers" — again, let me point out, stimulus money.
They are also touting the fact they have "created or saved" 650,000-some jobs with stimulus funding. I would love to give you credit for that, but I don't know how to measure a "saved" job? Even David Gregory, is skeptical on that one:
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