[Qbert]

283,000 jobs lost this summer, GDP revised down to an anemic 1.6%, rising unemployment rate, etc., etc....yeah, sounds like we're "moving in the right direction." (/s)

I think he would have been better off responding, "Hey, guys I'm buying shrimp" again to the question...

[ExTexasRedhead]

Mullah Obama can stand by his Recovery Summer all the way through November 2nd so We The People can see what a fool he is. Meanwhile, during his Recovery Summer, he and Muchelle had one vacation after another paid for by We The People.

[library user]

'WE'RE MOVING IN THE RIGHT DIRECTION'

Credit: Matt Drudge

[Need4Truth]

Those numbers were better than expected, and are easing concerns about a double-dip recession.

Many think there won't be a double-dip recession because we never exited from recession.

[BenLurkin]

[mazda77]

What is more alarming is the weekly filings from the BLS is “first time filers”. Considering that number has been around 450,000 or more each month of this so-called recovery should be scaring the hell out of people. They use the number from week to week and the differences between them to make a case that it is getting better. How in the hell are we supposed to get all warm and fuzzy when over 400,000 NEW people are filing for unemployment each week?

[freedumb2003]

The dealer is showing a K and this fool doubles down with a 9 and a 6 in his hand.

There has never been a dumber POTUS. Not even carter.

[purplelobster]

I don’t know how this journalist considers this a “double dip recession” when the economy has been in one long sustained slide since Barry took office. The Dems have become transparently delusional.

[italianquaker]

The administration described the summer of 2010 as “recovery summer” because a large amount of the 2009 stimulus package was being spent over the summer

spinspinspinspin

[maine-iac7]

How about telling us where the stimulus money is going - you know - be transparent?

Here’s just a few -

http://deathby1000papercuts.com/2009/11/stimulus-bill-money-spent-on-3-4-million-tunnel-for-florida-turtles/

Wow, $3.4 million to build a 13 foot tunnel for turtles? How much is that a foot? Nice work if you can get it.

http://www.jsonline.com/business/82657582.html

anything changed since?

there are many more outrageous allocations of stimulus money - someone needs to demand a list.

[radpolis]

I know this may sound counter-intuitive, but maybe we should be cheering Obama on, because if Obama has proven anything over the last two years is that liberal economic policies are a complete failure. Put simply, let him dig his own grave.

Any person who has taken ECON 101 or has done business in the real world can tell you that more government spending, more regulations and higher taxes are not a recipe for economic growth and job creation.

Barack Obama has proven to all and sundry that you can’t control a $13 trillion dollar economy by imperial fiat from Washington DC.

[Pollster1]

I believe it was Bush senior who said something similar, and the press tried to crucify him.

[vicar7]

As delusional as the Captain of the Titanic probably with same result as well.

[nathanbedford]

I think we have just barely escaped a double-dip and I think that we are going into a Japan type muddle. That means that the worst is over. It does not mean that employment will improve soon. It means that Barack Obama has heaped such staggering load of debt on generations of Americans that we will be swimming against the tide, laboring as my parents did to emerge from the great depression. They bought a home in 1938 which today is worth somewhere between three quarters and $1 million. In those days it cost them $7,800.

They were terribly worried about making those mortgage payments so they doubled down on the payments. That is what America is doing now on our credit cards, on our corporate balance sheets, and, yes, on our mortgages when they are not underwater.

It takes a long time to lift this burden. But, as I have posted time after time, it is a disservice to our readers, to conservatism, and to our reputation, to see economics through a political filter. Even worse is it to judge the market through a political prism. George Soros got to be a billionaire by going the other way. Anyone who invests on the basis of his political instincts is a fool. George Soros is evil but he is not a fool, neither should we be.

The market, like the Holy Spirit, is no respecter of persons or politics. It is a giant mistake to conflate politics with finance. One must maintain an open mind, free of political prejudices, when predicting markets. Keynesians do not maintain an open mind. Milton Friedman, on the other hand, is the essence of the open mind. Nevertheless, Friedman in academia is despised and John Maynard Keynes is holy writ.

Unemployment is a laging indicator. My suspicion is that we are coming to the end of the starker losses in employment, that picture will now stabilize, but the economy as a whole will not recover vigorously, but languidly.

Politics keys off of the unemployment statistics. But that is a whole different matter from the course of the economy. As a lagging indicator it is like trying to analyze the market by looking at the rear view mirror.

[WyvernAK]

The only thing we “recovered” this summer was oil.

[LasVegasMac]

Iceburgs? Not my concern!

Light all the boilers and make maximum speed!

[upchuck]

I stole this pic from Drudge because it perfectly depicts nobama's claim of "We're moving in the right direction."

Mush for brains idiot.

Note: If you decide to use this, be aware that there are two pics, left and right.

[Allegra]

"I don't regret having the notion hallucination that we are moving forward because of the steps really awesome drugs that we have taken," Obama said in response to a question after he offered comments on the latest unemployment figures.

[RetSignman]

[”I don’t regret the notion that we are moving forward because of the steps that we have taken,”]

At some point, EVERYONE will have to finally admit that this country is being run by an absolute fool.

[celtic gal]

As that fat woman Rosie O’Doughnut said....he's
Delusiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiionallllllllllllll.

[Smokeyblue]

You can always count on Obama to double down. His narcissism wouldn’t allow it to be any other way.