Famous Community Organizer Also Plays Macro-Economic Analyst On TV
Obama on Wednesday 8/17:
“I don’t think we’re in danger of another recession…” (read the whole thing here)
Morgan Stanley today:
“Our revised forecasts show the US and the euro area hovering dangerously close to a recession…”
Plus the economic news to hit today is less than encouraging. Inflation ticked up, first-time jobless claims were up (news for which Drudge engineers yet another devastating juxtaposition of a care-free President frolicking in the face of bad economic data. Obama better hope that no one reads Drudge).
In other news, with the “listening tour” in full swing, Obama tells a farmer in Illinois not to believe his own lyin’ eyes. Uh oh, I hear a voice from my childhood…
“…a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit of his knowledge. This is the dimension of imagination. It is an area which we call the…”