- Jan 8, 2011
- 65,553
- 34,801
- 2,605
Oh brother. Here you go...FAKE NEWS!!If only you were informed.FAKE NEWS!He even stated low GPD is the new normal and manufacturing jobs will never return.
Obama Warns of ?New Normal? for Economy
Obama Warns of ‘New Normal’ for Economy
If you notice only 2 (TWO) words came from Obama, every other word you cited about GDP and manufacturing jobs is FAKE, but you knew that already.
This is the "new normal" Obama warned about!!!
"Businesses make big profits, but they’ve learned to do more with less. And so they don’t hire."
Barack Obama warns of unemployment being 'new normal' in US
"What is a danger is that we stay stuck in a new normal where unemployment rates stay high, people who have jobs see their incomes go up, businesses make big profits, but they've learned to do more with less, and so they don't hire," he said.
"And as a consequence, we keep on seeing growth that is just too slow to bring back the eight million jobs that were lost. That is a danger. So that's something that I spend a lot of time thinking about."
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"We were so busy and so focused on getting a bunch of stuff done that we stopped paying attention to the fact that, yeah, leadership isn't just legislation, that it's a matter of persuading people and giving them confidence and bringing them together, and setting a tone.
"We haven't always been successful at that, and I take personal responsibility for that. And it's something that I have to examine carefully as I go forward."
Mr Obama also said that he did not believe the elections had been a referendum on his presidency. "I think first and foremost, it was a referendum on the economy. And the party in power was held responsible for an economy that is still underperforming and where a lot of folks are still hurting."