Monday, August 22, 2011

Obama the Oracle

A recent prediction of Obama, during a CBS interview last week:

"I don't think we're in danger of another recession, but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there..."

Because not one of his other predictions have come true, I'll stick with my financial advisor, who thinks there is a huge chance of another recession, or even a depression, and a bear market like he predicted in October 2007. He has a much better track record than any politician.

What does Mr. Obama want to do? (After he gets off vacation of course.) While he talks about reducing the deficit and balancing the budget, he doesn't mean now. No, no. He's talking 10 to 20 years from now. Right now we have to "double-down" on stimulus spending. Oops, I meant investment. Because the last few trillion worked so well at jump-starting the economy, which we know it didn't.

 That's because we haven't done enough. Well, Mr. President, I think you and your party have done more than enough, and if you and Congress would just stay on vacation and leave us alone, we'll work this out just fine without you. 

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