It is becoming clear that the little economic pop that occurred at the end of 2011, is wearing off. However, the media is ignoring recent bad data and still living off that little 3 month run. Albert Bozzo praises the Obama Economy and claims it’s one of the best. He said things are great and this will enable the American Pharaoh to win re-election.
With eight months until voters hit the polls, the re-election of President Obama looks more likely than ever, thanks to the escalating recovery of the stock market and economy, say analysts, and may soon make the bad times of 2009 and 2010 the distant past for many voters.
“The president’s position has improved greatly due to the performance of the economy and the stock market,” says Bill Frenzel, a 10-term, moderate GOP congressman from Minnesota, now with the Cato Institute.
Similar circumstances helped Presidents Ronald Reagan and George W. Bush win re-election, but Obama may have an additional edge in that his Oval Office predecessors had recessions begin on their watch.
[…]
“The unemployment rate will be lower, employment will be back, manufacturing employment looks like its expanding for the first time in decades,” says Lawrence White, a former White House economist and regulator who served under Democrats and Republicans and now a professor at NYU’s Stern School of Business.
Of course, many analysts are quick to warn that Obama’s momentum could be slowed or derailed by various events, such as Iran blocking the Straight of Hormuz, another eruption in the E.U. debt crisis or even $5 a gallon gasoline.
A closer look at the progression of the stock market, labor market and overall economy shows Obama will have ample positive comparisons to make without stretching the truth in the slightest.
S0 rising gas and food prices don’t matter. The fact the unemployment rate has gone down due to discouraged workers don’t matter. The fact most of the jobs created are low wage jobs don’t matter. Nope, the economy is roaring becasue the media has provlaimed it. No one must dare question the Pharaoh.
What reality is this Bozzo living in?
Tags: Albert Bozzo, The Obama Boom
