From Forbes: Obama is a terrible economic historian.
From Instapundit (Dec. 13, 2011)
On Feb. 2, 2009, Obama told the “Today Show” that “a year from now I think people are gonna see that we’re starting to make some progress,” and that “if I don’t have this done in three years, then there’s going to be a one-term proposition.”
On Feb. 12, 2009, he predicted that his $830 billion stimulus would “ignite spending by businesses and consumers” and unleash “a new wave of innovation, activity and construction … all across America.”
On Feb. 26, 2009, Obama’s first budget projected that by 2011 the economy would be cooking ahead at 4% real GDP growth, with unemployment at 7.1% and falling fast.
On Feb. 7, 2010, he said “we are seeing the corner turn and the economy growing again.”
On June 4, 2010, Obama claimed the “economy is getting stronger by the day” and later that month said the recovery was “well under way.”
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