What’s ‘Phony’ Is Obama’s Economy

The administration's scandals are very real PJMEDIA During his one-hour, six-minute snoozer of a speech supposedly about the economy in Galesburg, Illinois, on Wednesday, President Barack Obama denounced Washington’s “endless parade of distractions and political posturing and phony scandals.” “Phony”? The rest of the president’s speech was so utterly devoid of new ideas that even ordinarily reliable apparatchik Chuck Todd at MSNBC couldn’t handle it, aptly observing of Obama and his administration: “They have nothing new to say.” Obama, whose flunkies presented his speech as yet another “pivot” back to jobs and the economy, didn’t even identify employment growth as his top priority. Instead, he said that it was reducing income and wealth inequality (“reversing these trends has to be Washington’s highest priority”). That’s pretty funny, because his administration’s policies, in coordination with Fed Chairman Ben Bernanke’s “quantitative easing,” now simply known as “stimulus,” have driven recent increases in those inequalities.



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