Obama team points to smaller deficit numbers

Yet another example of figures lying and liars figuring.

There is NO good news in this article, in spite of the catchy title. First, $1.4T deficit versus $1.2T deficit… where’s the joy in that? Next, we are comparing apples to oranges when we look at the two time periods mentioned in the article. A year ago, Obama was spending like a drunken sailor thanks to TARP and the Obamaulous package. Just because we didn’t “spend” as much in this year’s period doesn’t mean that the money set aside won’t be spent. I suggest that we are in a “manufactured lull” in spending to make numbers appear better than they are OR the administration STILL doesn’t know where the last bunch of pork spending went… in other words, it hasn’t been accounted for. Then, the article admits that taxes are up. Wahoo! As Paul Harvey used to say, “now THAT’S true value!” The article also mentions the fact that the unemployment figure isn’t significantly better today than it was a year ago. Where are all those jobs the porkulous bill was supposed to create, huh Mr. President? Finally, the most ironic part of the article… Ben Bernanke states that we have to be careful lest we spend ourselves into a bad economic situation. This is like the little kid who is playing with matches and when the house catches on fire, yells HELP!

Sorry for the bad news everyone, but the economy is NOT getting better. Wall Street is acting like it is. The administration is talking like it is. But, the basic fundamentals of good economic policy are all skeewampus and I don’t see how anything short of a real economic CORRECTION will solve the problem, iykwim… imho… ttfn… ttyl. πŸ™‚

Obama team points to smaller deficit numbers.

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One Comment on “Obama team points to smaller deficit numbers”

  1. JKJames Says:

    FTA – β€œThe world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.” β€’ Kenneth Watt, Ecologist

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