President Obama Takes Economic Victory Lap (After Biggest Wage Drop On Record)

from Zero Hedge

Following the smoke-and-mirrors, best-and-worst jobs data today, it seems President Obama is ready to take his victory lap (and likely gloat a little about The GOP debacle) in what appears to be a recorded press event (no live feed). As he expounds on the ‘greatest jobs recovery’ in modern history:

  • *OBAMA SPEAKS AFTER REPORT OF 242,000 PAYROLL GAIN IN FEBRUARY
  • *OBAMA: U.S. JOBS BEING CREATED AT FASTEST PACE SINCE 1990S
  • *OBAMA SAYS AMERICA HAS CREATED NEW JOBS FOR 72 STRAIGHT MOS.
  • *OBAMA SPEAKS AT WHITE HOUSE AFTER AIDES BRIEF HIM ON ECONOMY
  • *AMERICANS BUSINESSES ARE THE `ENVY OF THE WORLD,’ OBAMA SAYS
  • *OBAMA: GOP POLITICIANS USE `DOOMSDAY RHETORIC’ ON ECONOMY
  • *U.S. WAGES HAVE INCREASED TOO SLOWLY, PRESIDENT OBAMA SAYS

With the biggest drop in wages on record, we would say so yeah…

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