Economic Good News from the President

President Obama was in western New York( actually Buffalo to be precise)  today talking about the state of the  economy. His take on how things were going? ” Beyond  a shadow of a doubt, today we are headed in the right direction. All those tough steps we took, they’re working, despite all  the naysayers who were predicting failure a year ago, our economy is growing again.”

Now, if you will, juxtapose that  with this report from Reuters. The April, 2010 budget deficit was a whopping 82 billion dollars about 4x the figure for April, 2009. This marked the 19th consecutive month  with a budget deficit, a new record.

 But, the  President went on to mention the prior month’s job growth and added that April was better than March and May would be better than April and next year would be better  than this year. I sure hope so because I don’t want to live in the United States of Greece.


May 13, 2010 - Posted by | economy | , , , , , ,

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