Obama tries to spin the economy
To the editor:
The president reprised his role as prevaricator-in-chief last weekend in an interview with George Stephanopoulos, when he claimed he inherited an economy worse than the Great Depression. But the National Bureau of Economic Research says it was not even worse than 1980-82.
Obama claimed he stabilized the economy and we have had 42 straight months of growth — 1.7 percent annually can hardly be termed “growth” — and the creation of 7.5 million new jobs in that time. But the Bureau of Labor Statistics says we have only created 5.1 million jobs, 4.4 million of which are part-time.
He went on to claim 170,000 new jobs in the auto industry after his bailout, but the truth is, according to the BLS, that we are still down 74,000 industry jobs since then.
Obama claimed that “too big to fail” is a lot less likely to be in place the next time, due to his policies.
But Dodd-Frank enshrines too big to fail as national policy. And he then resorted to possibly the most asinine claim he has ever made: that our slow job growth is due to technology, automation replacing jobs — ATMs replacing tellers and the like.
It is embarrassing that a man this uneducated in basic economics is making economic decisions for the nation. It is also proof once again that the words that he speaks bear little relation to reality.
America needs honesty. We deserve better than this.
Anderson is a not so ‘public’ administrator
To the editor:
Town Administrator John Anderson’s recent closed meeting before the Town Council over his legal predicament reminds me of what JFK had to say on the subject of secrecy in government: “The very word ‘secrecy’ is repugnant in a free and open society; and we as, as a people, inherently and historically opposed to ... secret proceedings.”