Bad economic news but it doesn't seem to matter to the folks
Talking Points 1/30
- Duration 2:10
- Date Jan 30, 2013
Talking Points 1/30
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Hi bill all right -- thanks for watching us tonight bad economic news but it doesn't seem to matter the books that is a subject of this evening's talking points memo.
Last quarter the economy fell back fact it was the worst economic performance -- the second quarter of 2009.
When the recession officially end.
According Associated Press the -- economy shrank from October through December Christmas season hurt by the big defense spending cut.
And the AP says the economy may stay week.
Because of the rise in Social Security taxes if you weren't 50000 bucks a year.
-- have 1000 dollars less to spend in 2013 -- with two workers.
Leverage about 4500 dollars less in their paychecks.
Finally job growth sluggish unemployment likely to remain a round 8%.
Against according to the Associated Press.
Pres Obama has spent approximately five trillion.
Trying to stimulate the economy that's taxpayer money will never see again.
Because of all the federal spending President Obama has -- five point eight trillion dollars to the debt in just four years.
So this is Graham.
America is in a bad place economically.
But the folks don't seem to care.
New Washington Post poll says 60%.
Have a favorable opinion -- -- Obama that's a three year high.
Now that rule they go down didn't -- the economy but there's no question.
Americans like Barack Obama and their cutting him a tremendous.
Amount of slack.
Could be style over substance his presence achievements.
Have been few.
Obamacare is the law we all know that.
But corporations like Boston Scientific are laying off some workers.
Largely because of the cost they will incur for obamacare health insurance.
If that trend takes hold.
-- in big trouble.
So we are living in a very distinct time we have a popular president a bad economy.
And everybody pay more in taxes.
Simply doesn't add up.
Point and --