YUP…I'TS THEIR FAULT. I AM PERFECT. WHY ARE YOU EVEN QUESTIONING ME?

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YUP…I'TS THEIR FAULT. I AM PERFECT. WHY ARE YOU EVEN QUESTIONING ME?

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In an interview with Black Enterprise magazine, President Barack Obama blames state and local governments, as well as Congress, for over 14 percent black unemployment.  

“Black unemployment still stands at nearly 14%. How do you communicate that the economy is headed in the right direction?,” the editor in chief of Black Enterprise asks Obama.

“Most economists will tell you that there is no doubt the economy has gotten stronger, but we are digging ourselves out a deep hole. There are a lot more things we could be doing. To get them done, we need cooperation of Congress. We got the payroll tax portion of [my American Jobs Act] done, but what we didn’t get done is the assistance I was proposing to the states to help them hire back teachers, firefighters, and first responders, because one of the weakest parts of this recovery has been state and local government hiring,” Obama responds.

Continued

SOURCE: http://www.weeklystandard.com

Gary Kaltbaum

Published by Gary Kaltbaum


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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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