Posted by
ApolloSpeaks on Wednesday, February 01, 2012 1:30:11 PM
The trajectory of this administration has been down hill from the start with bumps along the way that proved unsustainable. Recall the bin Ladin bump that lasted two weeks, or more recently Obama's victory on payroll tax extension which lasted two days. No sooner does it seem that this president is finally going airborn than something shoots him down and he's flat on his belly again looking to lie, vilify or class warfare his way back to his feet. Just prior to Obama's America is strong and back again speech the IMF warned the developed world to prepare for the worse as a new recession is about to hit Europe caused by huge deficits, debt and falling demand (see). Then came the ominous CBO report Monday (see), starkly at odds with Obama's economic optimism, forecasting a rise in unemployment for the coming year-approaching 9% by Election Day. And this looks grimly accurate. For today we learn that the US economy added only "45,000 jobs in January." Why? Consumers aren't spending. Fearful of a future that's worse than today, mainly because of the reckless, job killing spender in the White House, they're saving their money for a rainy day, or paying down their debts (see). Behold the Great Depressor's Unrecovery. And all this is happening just when Obama is "getting back his groove*," and the tingle is returning to Chris Matthews' leg.
*This is what an enthusiastic Matthews said after Obama's SOTU speech.