July 28, 2012
Obama Says His Economic Policies Worked!
Here is a hot news item from U.S. Treasury Department Secretary Tim "Tax Cheat" Geithner as he was testifying to Congress on July 24, 2012: "The economy is not growing fast enough. Unemployment is very high." No kidding! As if we Americans did not already know that! Just for the record: The "official" U-3 unemployment rate is presently 8.2 percent, while the "unofficial but, some would say, more realistic" U-6 unemployment rate is 14.9 percent. According to the Bureau of Economic Analysis, the Gross Domestic Product (GDP) of the U.S. increased at an annual rate of 1.9 percent in the first quarter of 2012. That growth rate is quite slow. Geithner continued: "... we will keep supporting anything practical, sensible, that will make growth stronger, help get more people back to work[.]" Gosh, you have received plenty of practical, sensible suggestions, but they were contrary to your (and President Barack Hussein "kill list" Obama's) ideology, so they were...(Read Full Post)