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Obama Lies, Indicators Rise

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Thu, 2009-02-19 10:10 — The Conductor
Topic: 
Economics
Places: 
U.S.A.
People: 
ODS

President Tokyo Rose Obama has been lying. Economic conditions require no urgent action to “avoid catastrophe”:

For the second consecutive month, the index of leading economic indicators rose, gaining 0.4% in January, following a downwardly revised 0.2% in December.
 
"The second half of 2009 may see a period of anemic growth," said Ken Goldstein, economist at the Conference Board. "In fact, a return to robust growth may not occur until well into 2010, even if the long climb starts a few months from now."

If there was any urgency, it was political.