Obama on the “Tonight Show” with Jay Leno –Charley Canucky/Twitter
(Politico) During President Obama’s interview with Jay Leno on Tuesday, Obama claimed, “The unemployment rate has been ticking down and housing is improving. We’ve seen the deficit cut in half…So there are a lot of good trends.”
Huh?
On the 02 August I wrote here that just 953,000 jobs have been created in 2013 of those 731,000 are part-time–Likewise personal income has dropped 5.3% during the first quarter of this year–Is this what President Obama touting as a great success of his economic policies?
What about record poverty levels, Hispanic unemployment rate of 9% and youth unemployment over 16% which President Obama conveniently failed to address again when cheering what he sees as “good trends” during his watch.
One in every 324 of all U.S. housing units received a foreclosure filing in the 2nd Qtr 2013 according to Business Insider and in California lenders filed 25,747 notices of default between April and June which was up 38.7% from the previous quarter–just a couple of facts that must have just slipped Obama’s mind?
As for the federal budget deficit which President Obama claims has been cut in half, once again the facts just don’t resemble what the president says.
Before the financial panic of 2008 Hot Air points out, the federal govt was spending about $1 Trillion less–about $2.7 Trillion annually.
During Obama’s Watch, federal debt has doubled according to the Office of Management & Budget which reports that President Obama will become the first president ever to break the $4 Trillion spending level in a single year and debt held by the public as a share of the economy will continue to climb to what the Obama Administration forecasts in 2014 will hit 78.2% of GDP despite the superfluous claims made yesterday during President Obama’s 6th appearance on “The Tonight Show” with Jay Leno.
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