She might if she thought she could get away with it. Michelle: We’re in the midst of a huge recovery, thanks to Barack Obama.
In an interview, Pablo Sato, co-host of Pablo & Free on WPGC 95.5, a D.C.- metropolitan area hip-hop radio station, asked the first lady, “Mrs. Obama, you know what, in your words, tell us what you think the state of the union is in right now?”
Mrs. Obama said, “I mean, we are seeing right now that we are in the midst of a huge recovery. Right? Because of what this president has done.
“Pulled this economy from the brink of collapse when we were losing 800,000 jobs a month. Now were gaining every — throughout most of his presidency, we’ve been adding jobs to this economy because of what he’s been doing. The stock market has doubled. Housing prices are rising. Foreclosure rates are lowering. But in the face of that, you still have people trying to convince us that things aren’t better.”
The reporter adds this bucket of cold water: “According to the Bureau of Economic Analysis (BEA), the real gross domestic product (GDP) increased by 1.3 percent in the second quarter of 2012, down from 2.0 percent from first quarter 2012.
The BEA data also show GDP growth of (negative) – 3.1 percent in 2009; 2.4 percent in 2010; and 1.8 percent in 2011.
In addition, the Bureau of Labor Statistics (BLS) shows that the national unemployment rate is 7.8 percent, the same rate as when Barack Obama was inaugurated as president in January 2009.”
5 responses to “Would the First Lady lie to you?”
Some impressive recovery – yeah the stock market may be up, but that’s only because the gov’t is manipulating it higher with QE. Meanwhile, my savings earn less than 1% instead of 5-6% I used to make on risk free US Treasuries. The value of my house has gone down since 2008. The price of gas is double what it used to be. And Obama wants to raise my taxes to pay for the budget defecit that has quadrupled since he’s been in office.
I’d like to return to the days when my savings earned 15% – that was about the mid-1980s.
Where are Sherman and Mr. Peabody’s Way Back Machine when you need them?
Picky, picky, picky. Only intentions matter, not results. Get with the hope and change program Chris.
Michelle is a junior lawyer, whose “achievements” are only due to affirmative action – do you think she knows anything about the real economy? Does her husband?
If this is a huge recovery – then I’d hate to see what happens when things get lousy.