« Comment on the Commentary | Main | Housing in a Socialist Paradise »

April 15, 2010

Obamaganda Versus Reality

Posted by Gregory of Yardale at April 15, 2010 8:20 AM

Obamaganda: Recession is over. The economy is great. All praise to Dear Reader.

Reality: Foreclosure rates take biggest jump in 5 years.

Reality: Initial Jobless Claims Increase by 24,000 to 484,000 last week.

There may be some sort of recovery in the works, but I don't think we're anywhere close to there yet. Right now, as a country, we're like a guy who lost his six-figure job, but instead of cutting back, we're keeping up appearances by taking out a third mortgage on our McMansion, maxing out our credit cards, and spending the kids' college fund.

Hat Tip: Ace.

---

---