A bit of comedy from the State of the Union address

by omouggos

President Obama is bullish on the economy, markets seem to disagree. (image from zerohedge)

I am not the biggest fan of President Obama so I didn’t watch his final state of the union address on Tuesday night, but at least I got to witness the above screen capture the next day. It seems that Obama was lauding the strength of the American economy and dismissed “anyone claiming that America’s economy is in decline”  as “peddling fiction.” The following day the major American stock indices were all down significantly–maybe they too didn’t listen to the President’s State of the Union speech. I guess its possible that this was all an untimely coincident, or, if you account for the historically poor performance of the US stock market since the start of the year, Obama doesn’t know diddly-squat about the economy. If you are interested in more of Obama’s economic nonsense you can read Simon Black’s take on the State of the Union.

O Mouggos