I just watched the interview with Alan Colms on FOX news where he said that what Obama should do, to end the recession, is to "Speak, and educate the people as to how bad it could have been without the stimulus." Now that is what I call beating a dead horse to get it to move. For the past 18 months, that is ALL Obama has been doing. And it hasn't worked.
Now they are saying that the Democrats will try cutting taxes just before the midterms. I predict, A) that wont produce results by the elections. B) They will try to claim it was their idea in the first place just in case the Republicans are right and it does work. They will try to gain votes for lowering taxes as a tough it was a new idea when, in fact,its an idea that the Republicans have been advocating since the beginning.
When asked about the reports on housing sales Alan touted the upswing in home prices saying that it was an indicator that the economy was improving and then said the rising prices made up for the fact that sales were DOWN 25%. What this means is that fewer people are buying more expensive homes. Now, I ask, Alan, how is that good for the economy?
Then when asked about unemployment that is just measured at 9.6% when it was, last measured, at 9.5% Alan said things were moving in the right direction. Higher unemployment is in the right direction? Cummon, Alan, only a fool would believe that. Oh, I forgot, you are a fool.
Jim Isbell
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