The Washington Clown Show

IMG Auteur
Published : February 14th, 2012
329 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

 

 

 

 

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 


 

 


<< Previous article
Rate : Average note :5 (2 votes)
>> Next article
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.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Future (Not)
04:54according
"now dwindling supply of oil that can be profitably extracted from the ground". really james/ you need to keep up with your reading. <...
The Silliness of the Bretton Woods Years
16 OctThe Recusant
KUDOS! The book is anti-gold slanted throughout and subtly mocks those that value gold as seen in that silly Las Vegas Golden Rooster tale. As I pr...
The Future (Not)
14 OctS W.0
I have it on good authority that the Aliens living in Antarctica have discovered a way of turning Ice into Oil. All we have to do to secure ou...
No Joy in Trumpville
10 Octaccording
and the wine-glass is half empty. throw another log on the campfire jim.
Betrayal!
09 OctThemis1
I agree 100% with all the points you made. You have summarized my own anger and the reasons for it. My only consolation is that I believe the eli...
A silver price-suppression theory gets debunked
07 OctDoom
I think he linked the wrong article, because there's minimal facts and logic there relevant to price suppression. It's a shame, because I really wo...
Light It Up
07 OctThemis
I keep wondering whether the US is fermenting a war with North Korea so as to indirectly draw China in and delay implementation of the yuan-for-oil...
One Nation Under Gold (2017), by James Ledbetter
05 OctThe Recusant1
Sadly, I too hoped for a more even-handed assessment of gold in our economic history. The book IS biased and by the time I got to the 20th century ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS