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The good and the bad in this economy gas prices are heading in the wrong direction but today's jobless claims numbers.
Gave us more evidence that the job market is improving.
The four week average near four year low.
But the last four years.
A much tougher sell.
Then -- here Wall Street Journal says President Obama up for reelection of course is created a virtual economy.
What he's making up Denver -- and you know inviting -- -- -- pretend we're living in it making up an economy -- include.
Well wouldn't you if you were president spent three years presiding over an economy that had thirteen million unemployed people but it's getting better well -- up a little bit.
Growth rates around 2% for three years coming out of recession when when who came -- of the Reagan recession growth was 7% for three or four years.
So yeah he's got store credit rating downgrades yeah and S&P downgrade.
So you know he's got to change the subject so.
He did it in the state of the union when -- start talking about something called an economy built to last only so that I thought what is exactly -- an economy built to last well he's got all these -- deep ideas that he's been throwing out.
None of which it seems to me are ever -- gonna become real -- none of which have any details and so it occurred to me.
There was like -- old video game SimCity where you just sort of create an economy that China kind of would like to live then and that's what he's proposing to the American.
The best example that you needs is he points to the General Motors bailout and how we're gonna do we're gonna do -- hit -- could do what we did it in Detroit and Michigan that's -- other parts of the country.
And then he -- also lover.
-- kind of private sector driven now -- sample.
He said it -- in that statement he said we've done this for Detroit and were gonna do the same thing in Cleveland to Pittsburgh I'm from Cleveland I thought what is he talking about.
Because the fact is that the greatest thing happening between Cleveland Pittsburgh is hydraulic fracking.
Natural gas natural gas.
Totally private sector they're building up French companies building a 675.
Million dollar steel plant of all things just outside Youngstown which used to be when almost moribund cities in the country.
400 workers are working out.
Western Pennsylvania is a boom town and this is all being done by private sector on for Norse and -- scatters not by any thing like the auto bail.
Even if you're a 100% right about all of this it might be enough for the president -- doubt we talked about search as mentioned it -- thirteen thousand back around -- today and so the stock market looks pretty good the job market is getting a little bit better some of the manufacturing numbers have started to tick up so the momentum.
Is in the president's favor east 50% plus against any of those opponents that he might face and from that debate last night.
Well that's right -- but the biggest thing.
But you're gonna reelect the president for another four years you do want the economy to approve improved if you wanna to grow at stronger than two -- two and a half percent we're talking about two and a half percent this year.
And I think.
The burden is going to be on the Republican nominee whether it's Romney Santorum to.
Bear down on the president and call him to a pound on the policies that he is an -- -- -- -- result resulted in this economy I think what we're seeing now.
You cannot keep the American economy down forever it's eventually going to start reviving on its own but it's got the suppression of the last three years of the Obama policies -- which he doesn't.
Wanna talk and no end that that health care law and -- and it continues to god threatening -- that it Dodd-Frank and Kissimmee and the health care law continues to go into effect once we get the Supreme Court decision.
But we how I mean we it could be years.
Of a burdensome rules and regulations that developed -- -- It's no telling how long just that single law could keep the economy down as.
One example Dodd-Frank the Volcker Rule.
You know bank's action upbeat trading on their own accounts the bureaucrats.
Admitted about a week ago they cannot write the rule it's too complicated and that was just one piece of the Dodd-Frank law all of which has to be figured out.
By the relevant bureaucracies and meanwhile.
Financial institutions are sitting there waiting to get some guidance on what the rules of the game are.
And -- -- sit -- waiting for another four years unless these things are scaled back alright Dan thank you very much agree then Sunday column in the journalists morning thanks for --
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