| | | "Take a look at this: gas under $3 a gallon -- under $3 a gallon. Unemployment under 6%, whoever thought? Stock market breaking records every day. No wonder the guy is so unpopular. A friend directed me to your post because he thought I would find it amusing. I don't, in that I recognize that your vote counts just as much as mine does.
The only way Barack Obama could conceivably take credit for the decline in the price of gas would be if he had in some way contributed to the increase in domestic gas production. Anyone who has not been living in a cave for the past six years knows that private drillers have been responsible for that increase and, if anything, the president has stood in the way of domestic production.
The real unemployment rate is over 12%, when the ‘marginally attached’ portion of the potential labor force is included. But the unemployment figures no longer include such under-employed, or chronically unemployed, people, so your 6% figure is meaningless, except for those who want to credit Barack Obama will ‘successes’ he didn’t earn.
The stock market levels are a mirage brought about, in large part, by quantitative easing. The Fed’s manipulation of the markets borders on criminal, and when the fiscal/economic chickens come home to roost, your crowing about the stratospheric levels of the market are going to result in major egg on your face, and a lot less money in your pocket (and your pension).
But feel free to proceed with your rose-colored glasses scenario, and good luck looking to David Letterman for an accurate appraisal of the state of the republic. |
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