February 6th, 2009 at 05:52am
US President Barack Obama writing an opinion piece for the Washington Post (registration required to read the linked article):
Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
An irreversible recession? A recession that lasts forever? Is this really the same man who ushered in a new era of hope and not fear only a few short weeks ago? He’s been such a positive person, and now he’s trying to scare everyone with a recession which lasts forever…well I suppose it is a remote possibility, but he’d need lessons from Robert Mugabe first…and even then the recession will end eventually.
Nancy Pelosi, the speaker of the house, on more than one occasion:
every month that we do not have an economic recovery package 500 million Americans lose their jobs
In fact, we have video of her saying it:
As far as I can tell she only used “500 million” as a monthly figure once, but it hardly matters because there is a fundamental flaw here, regardless of whether it’s a monthly or a static figure…have you spotted it yet?
The population of the US is just under 307 million people. That’s every man, woman and child…every retired person, every baby, every housewife, every invalid…everyone. There are not even 300 million people working in the US, but somehow they will shed half a billion jobs every month.
And then, well there are plenty of articles that I can’t be bothered digging up right now, but this sound bite from the Sean Hannity show neatly sums up the comical tax problems plaguing the Democrat officials:
At this rate, it would probably be more likely for the US to have a permanent recession if the Obama administration are allowed to touch the economy!