What was the purpose of this press conference? What great message did he intend to deliver to us mere mortals? He gave a scripted but garbled, rambling, and fanciful "analysis" of the state of the economy, full of phony numbers, empty phrases and useless advice to the Europeans. Listening to our President, the "private sector is doing fine" and what problems there are come from too little spending by the government because of the Republicans. Insanity.
No mention of tax cuts except to state, "Congress refused to pass this jobs plan in full. They did act on a few parts of the bill -- most significantly the payroll tax cut that's putting more money in every working person's paycheck right now." Wait a minute! Continuing the current payroll tax rate PUTS money into people's paychecks? Another liberal madness based on the assumption that any of your money the government doesn't take from you is a gift from the government.
He inserted himself to no useful end into the issue of whether Greece should exit the Euro. He showed that neither he nor his speechwriter has a clue when talking about the global economy, to wit, " the Greek people also need to recognize that their hardships will likely be worse if they chose to exit from the eurozone." Why? How does he know that? Why is he getting involved in that issue? His advice to the Europeans? Their governments should spend more, not less, because austerity means less money for everybody . . . as before, a typical leftist delusion about where money and wealth originate.
Even worse than the President's statement was the reaction of the press in the room. Either these journos are totally illiterate when it comes to economic issues, so far in the tank for Obama they're never going to emerge, or both. They tossed up a couple of tepid pro forma questions which allowed the President to repeat his original statement and to demonstrate the President's stunning ignorance. One question at the very end asked about the recent leaks of classified information coming from the White House, which the President answered by saying he found the issue offensive. Nice. Offensive? Stop leaking!
This man must be defeated next November.