Grab your popcorn. Having proclaimed his greatest achievement during his presidency as “saving the world from another Great Depression,” we wonder what President Obama will have to say today when he discusses the economy. Following the decline in corporate profits, a manufacturing sector in recession, an auto industry which is shuttering production, minimum wage state job losses rising, and an equity market that is unable to make new highs, what cynical, skeptical, “fiction-peddlers” will he blame today’s dismal jobs data on?
President Barack Obama on Friday will deliver a statement “on the economy and new steps to strengthen financial transparency and combat money laundering, corruption, and tax evasion,”the White House said.
President Obama is due to speak on the economy at 1205ET…
This post was published at Zero Hedge on 05/06/2016.
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