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5 Myths About President Obama's Economic Recovery
Investor's Business Daily ^ | 12/22/2011 | John Merline

Posted on 12/22/2011 9:03:52 AM PST by Slyscribe

Over the past several months, President Obama has spent much time pleading for patience on the sluggish economy and ongoing high unemployment, arguing that the economic hole was so deep and the crisis so monumental that a slow recovery — now in its 30th month — was inevitable.

But in making his case, Obama appears to be perpetuating several myths about the recession he inherited and the slow recovery over which he's presided.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: gdp; obama; reagan; unemployment

1 posted on 12/22/2011 9:04:00 AM PST by Slyscribe
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To: Slyscribe

First myth is that it exists.


2 posted on 12/22/2011 9:09:34 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Slyscribe

There is no recovery. Another Obama lie. He continues to take down our economy as he has done since his first day in office. Nothing has changed.

The flow of lies continues, aided of course, by the complicit lying media.


3 posted on 12/22/2011 9:12:17 AM PST by EagleUSA
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To: Slyscribe

1. That he could define ‘economic recovery’.

2. That he could recognize ‘economic recovery’ if it bit his beard on the large posterior.

3. That he desired ‘economic recovery’.

4. That he attempted to obtain ‘economic recovery’.

5. That he has achieved any headway on ‘economic recovery’.

There is my list of five myths about Obama’s ‘economic recovery’.


4 posted on 12/22/2011 9:12:37 AM PST by Psalm 144 (Voodoo Republicans: Don't read their lips - watch their hands.)
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To: Slyscribe

I think GDP would rise 1/2 of 1% all by itself if the population wasn’t so obsessed with and worried about the presidential election.

We have spent too much national angst on this stupid election.
I’m not downplaying the stakes, but what a miserable menu of crap there is to choose from.


5 posted on 12/22/2011 9:15:18 AM PST by Attention Surplus Disorder (Gun store gift certificate. An idea whose time has come.)
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To: Slyscribe

There isn’t one.


6 posted on 12/22/2011 9:17:59 AM PST by jersey117 (.)
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Last paragraph of the article:
In any case, it's clear that Obama didn't prevent a Great Depression from happening. As IBD previously detailed, the recession had started to bottom out about the time Obama was signing the stimulus bill in late February 2009, and it officially ended just five months after he took office, when only a small fraction of the stimulus money was at work in the economy.
That link is worth following.
7 posted on 12/22/2011 9:19:49 AM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: Slyscribe

At some point one must ask why the so called back massage feels so much like a swift kick to the balls.


8 posted on 12/22/2011 9:24:19 AM PST by douginthearmy (1 vote for Paul = 2 votes! 1 primary vote for Romney and 1 general vote for Obama!)
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To: Slyscribe
One certain thing about the economy — no employer will increase hiring as long as they fear the next nut-job policy coming out of Washington.
9 posted on 12/22/2011 9:30:22 AM PST by immadashell
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To: DuncanWaring

The end.
Other explanation are worthless.


10 posted on 12/22/2011 10:04:21 AM PST by Vinnie
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To: Slyscribe

We have a great economy. You have to understand that the more people unemployed, the more jobs we create. Nancy Pelosi said so. We need to achieved full unemployment so that we can have full employment, and then things will be booming.


11 posted on 12/22/2011 10:12:12 AM PST by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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