Chart audGOLD   Chart audSILVER  
 
Food for thought
The years teach much which the days never knew
Emerson  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1216.000.90
Silver 17.81-0.01
Platinum 1333.251.50
Palladium 810.002.25
WORLD MARKETS
DOWJONES 1728013
NASDAQ 4580-14
NIKKEI 16321254
ASX 543718
CAC 40 4461-3
DAX 97991
HUI 208-4
XAU 89-2
CURRENCIES (€)
AUS $ 1.4369
CAN $ 1.4043
US $ 1.2835
GBP (£) 0.7873
Sw Fr 1.2070
YEN 139.8400
CURRENCIES ($)
AUS $ 1.1201
CAN $ 1.0942
Euro 0.7791
GBP (£) 0.6141
Sw Fr 0.9402
YEN 108.9400
RATIOS & INDEXES
Gold / Silver68.28
Gold / Oil13.15
Dowjones / Gold14.21
COMMODITIES
Copper 3.090.00
WTI Oil 92.45-0.62
Nat. Gas 3.84-0.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
The Washington Clown Show
Published : February 14th, 2012
329 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

Based on the President's public pronouncements, things look to be getting better by the day:

 

"We've got an economy that is showing some positive signs. We've seen many consecutive months of private sector job growth." (12/23/11)

 

"We’re moving in the right direction. We have made real progress. Now is not the time to stop." (1/6/12)

 

"The economy is growing stronger.  The recovery is speeding up." (2/3/12)

 

"We are seeing signs that our economy is on the mend." (2/13/12)

 

But is that what he really thinks?

 

"Privately, Obama Sees Recovery 1-2 Years Off" (Washington Examiner)

 


 

The public President Obama, bubbly in his reelection campaigning about a recovering U.S. economy, isn’t as optimistic in private, telling a select few that it will likely take up to two years for any recovery to click in.

 

A letter provided to Washington Secrets from Obama to a long-unemployed Portland, Maine carpenter pulls back the curtain of economic hope to reveal the truth about the stagnant economy. “I won’t lie to you,” Obama penned in hand to Charles Oliver in October. “It will probably take another year or two to fully dig our way out of this hole.”

 

Oliver had written the president in June to ask: “Are we as Americans going to be alright?” Answered Obama, “Yes, we will be ok. Because America has gotten through tough times before, and because of good people like you.”

 

While happy for the response, Oliver told us that he hasn’t seen any of the recovery the president and media have been heralding. “He’s out campaigning saying everything is coming up roses. He’s a lying SOB,” Oliver said of Obama, who has tried to temper his hopefulness with cautions that the recovery could hit speed bumps.

 

Surely, I can't be the only one who believes it is better for all Americans to hear the truth, so that we know exactly what we're dealing with (and how best to address it)?

 

Jeez, what a clown show.

 

Michael J. Panzner 

 

 

 

 

Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Michael J. Panzner

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer