Obama Administration Caught in Another Lie

The Obama administration is verify ably lying to us.

The Bureau of Economic Analysis has determined that the GDP for the first three quarters was a negative (Q1 -1.1%, Q2 -3.3%, Q4 -3.9%) Economic growth was non existent and the economy has contracted for the first three quarters this year.

President Obama's Council of Economic Advisers, headed by Christina Romer,on Oct 22, said Thursday that the $194 billion already spent from the $787 billion economic stimulus gave a jolt to the economy. Noting that it contributed to growth in the second and third quarters of the year.

How does a decrease of over 3% in GDP in the second and third quarters translate into economic growth or a "Jolt" to the economy?

Romer also said that so far spending has saved or created 600,000 to 1.5 million jobs. Tell that to the 15 million workers unemployed. Unemployment has climbed to 9.8%, the bureau of Labor Statistics reports show that 2.7 million jobs have been lost since the stimulus was passed. No matter how you slice it there is no way the administration can say the spending has saved or created a million jobs. Again Obama lies.

Anybody who still has faith or trust in Obama and his administration, is blind to reality.