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White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a "six-month report card," to talk about "how we rescued the economy from the worst recession" and the legislative agenda moving forward, including health care and energy legislation.
Well I'm glad that's over with. I guess that means that since they rescued Bush's economy, it's all Barry from now on
Blue jean baby, l.a. lady, seamstress for the band
Pretty eyed, pirate smile, youll marry a music man Ballerina, you must have seen her dancing in the sand
And now shes in me, always with me, tiny dancer in my hand
Well I'm glad that's over with. I guess that means that since they rescued Bush's economy, it's all Barry from now on
I believe that The Man did say that we had stepped back from that brink he was trying to rescue us from. It appears to me that it is all Obama's from now on. That is until the bottom drops out.
I believe that The Man did say that we had stepped back from that brink he was trying to rescue us from.
Except...none of the economic indicators say that. Can you blame him though, he is used to saying the most outrageous things and getting a pass from the media.
The economy has been rescued??? Bernanke didn't get the memo. ...Neither did commercial real estate.
"Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month."
Except...none of the economic indicators say that. Can you blame him though, he is used to saying the most outrageous things and getting a pass from the media.
Well the most important indicator of a strong economy certainly does not say that:
New US jobless claims rise to 554,000 - Yahoo! Finance (http://finance.yahoo.com/news/New-jobless-claims-rise-to-apf-2832373432.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=
And this is due to benefits expiring: those falling off the rolls are not finding jobs.
The total jobless benefit rolls, meanwhile, fell by a more-than-expected 88,000 to 6.2 million, the lowest level since mid-April. And the four-week moving average of claims, which normally smooths out some volatility, fell by 19,000 to 566,000.
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