Tuesday, August 24, 2010

That Sinking Feeling

Democrats and the Obama administration continue to speak with great optimism. Vice President Joe Biden recently predicted that the economy was rebounding and would soon be creating 250,000 to 500,000 new jobs a month (the economy shed another 12,000 jobs last month). Obama continues to point blame to the mess created by Bush's war.

However if you do the math, as the Washing Examiner recently did, Obama's stimulus bill cost more then Bush's war. The Congressional Budget Office (CBO) reported the cost of the war at $709 Billion. The first two years of Obama's stimulus bill will cost more then the 6 years of the Iraq war during the Bush administration

The just reported July home sales fell 27.7%. The main stream media the did more research on what Sarah Palin was throwing into her trash then what Obama's actual qualifications/accomplishments were that might qualify him to hold the most important position in the word, is finally starting to drop words like "unexpected" when reporting bad economic news.

President Obama has stated that he wasn't concerned about being re-elected. I'd say that's a good thing. I'm looking forward to seeing him playing a lot of golf after 2012.

No comments: