Wednesday, April 06, 2011

Morning Jay: Make No Mistake: the Economy Is Problematic for Obama | The Weekly Standard

Morning Jay: Make No Mistake: the Economy Is Problematic for Obama | The Weekly Standard

So, for those analysts in the press who think that Obama will win in 2012 if incomes are still being propped up by massive (deficit financed) government spending, real salaries are declining or flat, unemployment is far above the historical trend, good paying jobs are scarce, the deficit is at an all time high, and the president has no real idea about what to do (except, of course, high speed rail), I have only this to say: you might want to think twice before you place that wager. This president is not yet out of the woods on the economy. Not even close.

Look at the graphs. I think it might be not just out of the woods, but digging a deeper hole.

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