Friday, October 26, 2012

HISTORIC: Obama Economic "Recovery" Just as Bad As It Feels

Please sit down. I know this news will come as a shock.

In a previously off-the-record interview with the Des Moines Register, President Obama argued that the economic recovery he's overseen isn't as bad as his Republican opponent, Mitt Romney, claims... "In many ways, because of the actions we took early on, we're actually ahead of pace in the typical recovery out of a recession like this," Obama said...


...But the data are clear that Obama's economic recovery — which started in June 2009, five months after he was sworn in — has been worse than any recovery since the Great Depression.

Overall economic growth has been slower in this recovery than in any of the previous post-World War II recoveries, according to the Minneapolis Fed, using data from Bureau of Economic Analysis...

Fancy that: Obama... eh... misspoke again.


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