President Obama Takes Economic Victory Lap (After Biggest Wage Drop On Record)

Tyler Durden's picture

Following the smoke-and-mirrors, best-and-worst jobs data today, it seems President Obama is ready to take his victory lap (and likely gloat a little about The GOP debacle) in what appears to be a recorded press event (no live feed). As he expounds on the 'greatest jobs recovery' in modern history:

  • *OBAMA SPEAKS AFTER REPORT OF 242,000 PAYROLL GAIN IN FEBRUARY
  • *OBAMA: U.S. JOBS BEING CREATED AT FASTEST PACE SINCE 1990S
  • *OBAMA SAYS AMERICA HAS CREATED NEW JOBS FOR 72 STRAIGHT MOS.
  • *OBAMA SPEAKS AT WHITE HOUSE AFTER AIDES BRIEF HIM ON ECONOMY
  • *AMERICANS BUSINESSES ARE THE `ENVY OF THE WORLD,' OBAMA SAYS
  • *OBAMA: GOP POLITICIANS USE `DOOMSDAY RHETORIC' ON ECONOMY
  • *U.S. WAGES HAVE INCREASED TOO SLOWLY, PRESIDENT OBAMA SAYS

With the biggest drop in wages on record, we would say so yeah...

 

So what are you Trump supporters complaining about?

Perhaps the following nine charts will provide a little more color as just what "change" really meant...

 

And then there is this...

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nuubee's picture

Careful, in bananna republics like ours, laughing at the establishment is grounds for termination.

cdevidal's picture

Yeah, let's thank Obama for artificially-inflated numbers. The economic ignorance of the masses is why Bernie got so popular.

Pay no attention to the labor participation rate behind the curtain.

pods's picture

Strutting around like a pigeon.  

Gaius Frakkin' Baltar's picture

More like a vulture.

If things were so great, you wouldn't have to hold a press conference to convince anyone.

Bay of Pigs's picture

That's why Drunken Uncle Joe is tweeting.

HopefulCynical's picture

Dubya was a douchebag. Obongo is an exponentially bigger douchebag.

Day of the Rope, indeed.

Stroke's picture

Please Joe .....Please go hunting with Dick Cheney......and take McStain with you

Shizzmoney's picture

Establishment Wall Street Dems: "Scoreboard!"

America: "We're down by two touchdowns"

adr's picture

American business ability to manufacture non GAAP earnings is the envy of the world.

Imagine running a business where you couldn't spout bullshit legally and reward yourself with selling shares worth millions.

KnuckleDragger-X's picture

Free fuckings for the productive class......

Normalcy Bias's picture

Pathological LIAR.

venturen's picture

will collect cash that makes the Clintons look honest

adr's picture

I can say I am a millionaire. If I count my earnings for the past ten years and don't subtract any expenses.

On paper I'd be a millionaire 

But not in reality.

Counting seasonally adjusted bullshit by the BLS as real jobs created in America is exactly the same.

Go fuck yourself Obama. If the numbers were so great, then how do you explain the labor force participation rate and the tax witholdings still showing fewer working people than 2008?

Huh, no answer ever. Thought so.

NEOSERF's picture

Modern day WPA/CCC program with all the accompanying debt...I could have done this and could double his results if I am allowed to double debt again...

Wait What's picture

a trillion a year for 8 years for 2% growth and a barback economy? winning!

Hohum's picture

Spot on.  And it will continue no matter who becomes President on 1/20/2017.

pickatheweek's picture

Fuck that prick and his db veep too.  I fart in his and his wookie family's general direction.

youngman's picture

I hear there is a new Iphone comming out soon....we are cool

Tin Hat Salesman's picture

envy of the world...inversions?

Oldwood's picture

MOAR KOOL-AID!!!

chrsn's picture

If you like your job, you can keep your job

venturen's picture

no you lose your job...you get to keep the debt he gave to other people!

Cautiously Pessimistic's picture

The scary part... if Obama were to run for a third term, I truly believe he would be re-elected by the low information zombies. 

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”   
    Alexander Fraser Tytler

allamerican's picture

now bobo has asked to tone down the rhetoric.  what bobo talking is tone down truth..

Wait What's picture

rumor has it the wage drop was a statistical anomaly due to survey week glitch. will get revised away next month, which will again reflect the rising wage pressures that the Beige Book highlighted and fulfill the "goldilocks economy" the Fed needs to keep raising rates. next rate hike Apr 27, which is when the current rally finally ends.

stant's picture

Pedaling fiction

Bill of Rights's picture

Stupid cunt couldn't call a BINGO game...

Son of Loki's picture

The Chinese would like to take a moment to extand thanks to Soweto for his job creation ... in China!

 

Adidas Plans to Open 3,000 New Stores in China

 

http://fortune.com/2016/03/04/adidas-stores-china/

Chuckster's picture

what's wrong with that.  Did you expect something else?  I'm sure sandmann did.

moonmac's picture

"If you like your McJob you can keep your McJob."

Emergency Ward's picture

He has created lots of meaningful jobs and brought peace to the globe.  His advisors told him so.

moonmac's picture

Just wrap a $100 dollar bill around a bunch of singles and flash that wad around like a Pimp Daddy and people will thinks you gots a raise.

Sky flyer's picture

Lying...Kenyan...wookie fucking...pos...oh never mind. I give up. All hail dear leader.

HappyCowboy's picture
HappyCowboy (not verified) Mar 4, 2016 1:19 PM

I'm completely out of the loop and couldn't care less about the economy, who is working and who isn't, who is running for such and such political office, the MSM's scandal of the day.

I don't care.

I'm on welfare and don't have a care in the world.

rejected's picture

"The trough is long and the pigs are numerous." Your post at 13:22

So your calling yourself a pig?

 

freakscene's picture

perhaps the following nine charts will provide a little more color as just what "change" really meant...

 

careful. one might assume you were providing more color to obama which is, ya know, racist   :p

Dg4884's picture

Forget the 9 nine charts.  At this point, I could deal with just a little less color!

F'ing kenyan homo.

starman's picture

So why do we have 19trillion debt? 

HappyCowboy's picture
HappyCowboy (not verified) starman Mar 4, 2016 1:22 PM

The trough is long and the pigs are numerous.

rejected's picture

Didn't I read a post from you stating as long as your welfare check kept coming you were happy?

or was that a different HappyCowboy.

Infield_Fly's picture
Infield_Fly (not verified) Mar 4, 2016 1:25 PM

Listening to Barry is the equivalent of listening to that North Korean rodent.

 

Honestly Barry, FUCK OFF AND DIE YOU COMMUNIST PIECE OF SHIT!!!!

just the tip's picture

you must really hate NK rodents.

silverer's picture

Is he going to get his picture taken in front of 100's of bartenders and waitresses in uniform for his press releases?

venturen's picture

Peak Obama....mention anything about $20 Trillion in debt and the greatest rescue of the rich EVER?

newworldorder's picture

The chief trained seal has been given its reward of the day and has come into the performing pool to applaud its trainers and onlookers.

BurningBetty's picture

My God! If there is one....are peoplebuying into this crap? Obama "forgot" to mention about the greatest debt inslavement ever recorded. I guess he is just making sure he leaves office while markets are still at its peak.