We understand that you want to talk your boss and his actions up, especially if your boss is the President of the United States, but this is getting ridiculous. Here is the latest in recovery news from Valerie Jarrett, senior White House adviser to the President, discussing the economy on Meet the Press (Video below).
(This portion of the interview starts at approximately 3:00 minutes)
“Let’s just remember where we were a year ago. We were losing 700,000 jobs a month. We were in the middle of the worst economic meltdown in our nation’s history. Our financial system was on the brink of collapse. We had the largest federal deficit in our nation’s history.
And what’s happened over the last 12 months?
We’re no longer losing 700,000. We’ve cut that number to less than 10%.
We’ve turned the economy around. We’re moving forward in the right direction.”
Meet the Press moderator David Gregory did jump in to call Ms. Jarrett out on her comments:
“I’m sorry. You can’t say that you turned the economy around when four million jobs have been lost on the President’s watch, when the debt is higher and the stimulus did not produce the jobs the administration said it would.“
Mr. Gregory did follow-up, but not enough, as Ms. Jarrett’s reply went unchallenged:
I actually disagree with everything you just said. Let’s take a look. We have pulled it back from the brink of disaster. That was our first and primary goal. The President took some bold steps that were not necessarily popular but they did stabilize the financial system.
Ms. Jarret did not address the four million jobs (official U-3, not the real stats which are much worse) lost or the failure of the multi-billion dollar stimulus to create any sustainable jobs, nor did she discuss the roughly $23 Trillion that was committed to stimulus, bailouts and entitlements in 2009 which brings the nation’s outstanding debt to well over $100 Trillion over the next 35 years.
The economy has not turned around. It may have, however, taken a turn around a corner and down another street. But that street is paved with trillion dollar deficits, bailouts for the elites, more job losses for average Americans, rising foreclosures, increased credit card defaults, and a debased currency.
This is either a display of ignorance or negligence. Millions of Americans rely on truthful information from their elected government to make their retirement, investing, spending and savings decisions. Listening to this women, you’d think everything will be fine going forward – nothing could be further from the truth.