Listen to his campaign speeches, that buffoon Jay Carney or indeed any of the liberal media. Team Obama is out selling that the economy is in recovery. They want to believe that in four more years he will bring about the change he promised you for the last four years. He’s spinning so fast that he just might get caught in his own web of deceit before November.
Consider for a moment these facts:
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In the first quarter of this year alone, the economic growth was at 2.0%. The second quarter of the year saw the growth slowdown to only 1.5%. The economy needs a minimum of 2.0% growth to create job growth and maintain consumer confidence.
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In the first quarter of 2012, on average there were 226,000 jobs created each month. However, in the second quarter, that average dropped drastically down to only 75,000 jobs created per month.
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Right now we have the highest risk of a second recession we have had since the financial crisis began.
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We have subpar growth and a vicious cycle of hesitation and uncertainty because no one’s quite sure what’s going to happen next.
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Unemployment figures for the past three months which includes those out of work, forced to work part time only and those who have quit looking for work show that this broader and truer unemployment figure had climbed to 14.9%.
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Consumer confidence has dropped at the same rate the unemployment figure rose. A CBS News/New York Times Poll shows just how poor consumer confidence is. When asked how they felt the condition of the economy was, 27% said it is good and 71% said it is bad.
The overall picture of the economy is bleak and dismal at best.
Yet Barack Obama is expecting, even demanding, to be re-elected. Shamelessly, he lies to your face, brazenly displaying his contempt for you and your intelligence.