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It's Almost Like the U.S. Economy Doesn't Buy the White House's Spin That Obamacare is Better for It

When the numbers are as bad as they were before the "recovery," it's reality check...
ijreview.com

It’s Almost Like the U.S. Economy Doesn’t Buy the White House’s Spin That Obamacare is Better for It

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By Mike Miller 9 hours ago



[Video above: White House Press Conference, April 30, 2014]
As reported by The Wall Street Journal Wednesday, the U.S. economy shrank even more in the first quarter than previously estimated, marking its sharpest contraction since the recession (supposedly) ended five years ago:
Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of the year, according to the Commerce Department’s third reading released Wednesday.

That was the fastest rate of decline since the first quarter of 2009, when output fell 5.9%. Commerce had previously estimated output fell by 1% in the first quarter.
No problem, right? Data and statistics are often adjusted upon later review.
But comparing and contrasting the Commerce Department report with the White House’s claim – less than two months ago – that ObamaCare (yeah, ObamaCare) prevented a GDP contraction in the first quarter yields very different results.
Not that Jay Carney, or Huffington Post for that matter, would ever try to spin things by making the same claim…


Facts are stubborn things. Especially when they conflict with political narratives.
The reality is this: Setting aside the debacle that is ObamaCare, this president’s economic policy – Obamanomics, as it were – has been an abject failure to date.
From his futile multibillion dollar “stimulus” plan, to multiple tax increases, to a dramatic (and purposeful) increase in the number of Americans on government assistance, Barack Obama has been a disaster for the American economy.

http://www.ijreview.com/2014/06/1507...-quarter-much/