News Flash… Obama Says Economic Progress Is Painfully Slow

Tell us something we don’t know.

Maybe if you quit trying to spend your way out of a recession, that would help.

Barack Obama told Americans today that progress has been painfully slow.
The AP reported:

President Barack Obama insisted Friday that the U.S. economy is showing improvement from the deepest recession in decades but conceded the “progress has been painfully slow.”

He said he understands that many voters in November’s elections may blame the weak recovery on him.

“For all the progress we’ve made, we’re not there yet. And that means people are frustrated and why people are angry,” he said at the White House in his first formal news conference since May. “Because I am president, and the Democrats have control the House and Senate, it’s understandable that people are saying, ‘What have you done?'”

Obama repeated his insistence that Republicans drop stalling tactics on a bill to help small businesses when Congress returns next week from its summer recess.

Facing the possibility of a GOP blowout in November, Obama insisted again that Bush-era tax cuts be extended for indivuduals earning over $200,000 a year and joint filers earning over $250,000. All the tax cuts are due to expire at the end of this year unless Congress acts.

Tax increases should really help the situation, Barack.
Is this guy nuts or intentionally trying to sink the economy? It’s hard to tell sometimes.

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