[1]Obama: "...the economy is far stronger now than it was four and a half years ago." [6]
...as long as one ignores the reality of the following chart...
[7]
We've seen macro "Hope" [8]and micro "Reality" [9], but for the man in the street, it would appear from the chart above that the trajectory for 'recovery' green shoots is decidedly down and getting worse... even as the President tells the American public they are so much better off...
(h/t @Not_Jim_Cramer)
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9378
[3] http://www.zerohedge.com/taxonomy_vtn/term/295
[4] http://www.zerohedge.com/taxonomy_vtn/term/12218
[5] http://www.zerohedge.com/taxonomy_vtn/term/11361
[6] http://www.nytimes.com/2013/07/28/us/politics/interview-with-president-obama.html?pagewanted=1&_r=4&smid=tw-share&
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/07/20130727_income.jpg
[8] http://www.zerohedge.com/news/2013-07-23/hope
[9] http://www.zerohedge.com/news/2013-07-26/visualizing-real-economy-vs-financial-economy