Zero Hedge calls this “148 seconds of awkward uncomfortable truthiness”:
Here are a few highlights they pointed out:
“There is no acceleration in underlying economic activity.”
“There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It isn’t happening!”
“We had a horrible retail sales number, we had a horrible durable goods number, we’re likely to have a very disappointing retail sales number coming forward, this month we have a strong payroll number we say everything’s great – it’s not great….it’s been the same thing for the last five years, there’s no improvement in the economy!”
“After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
Wow. American is living in a forecast delusion! And our politicians are singing us lullabies!
Ok, now that you’re done watching that, please put your heads back in the proverbial sand and pretend you never saw or heard any of that. Just keep voting Republican and everything will be okay!