Well he didn't lie about the economy
Yes, he did lie.
(Since I already complained that joobz comment was an attempt to derailing this thread and nothing was done about that, I will assume it's ok to discuss this in more detail).
The fact is Obama was not correct when he said "we have inherited an economic crisis
as deep and dire as any since the days of the Great Depression" back on February 5th. At the time he made that statement, this recession was not worse than the one in 1981-82 (or the one in the mid 70s) on many, many levels. I proved this on the thread where this was discussed (
http://www.internationalskeptics.com/forums/showthread.php?t=135124) by comparing specific figures (unemployment rate, inflation rate, the delta in real GDP, the delta in industrial production, the 30 year mortgage rate, and the "misery index"). And neither you or joobz ever contested any of those figures in that thread.
And as pointed out previously, the February 27th issue of the leftist New York Times supported my assertion. It said (
http://www.nytimes.com/2009/02/28/business/economy/28recession.html?_r=1) "
Current conditions are not even as poor as during the twin recessions of the 1980s, when unemployment exceeded 10 percent".
And, as I've pointed out previously on this forum, on January 11th Obama also lied about the economy when he stated to ABCNews (
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3YMkstD3JzA ) that "Whether it’s retail sales, manufacturing,
all of the indicators show that we are in the worst recession since the Great Depression". That statement was simply not true at that time and it's still not true. It's a LIE.
Yet here you are offering a NY Times article describing the
current economic statistics and claiming that's proof Obama wasn't lying back then. The logic in that is more than a little tenuous.
In fact, the unemployment rate mentioned in your article (8.5%) is still significantly below the level of the 1981-1982 recession. Your article even admits that. And not only is unemployment lower, but all those other measures I mentioned above still haven't exceeded the levels during 1981-1982 recession either. It wasn't then and isn't even now as deep and dire a recession as the 1981-1982 one.
And the fact that the contraction is now longer than that earlier one one may only be due to government interference which has prolonged it due to the great uncertainty that interference has caused in the free-market business decisions needed to end the recession. And finally, most of the so-called stimulus efforts that Obama insisted were necessary to pull us out of the dire crisis haven't had time to have any effect, so the fact that the conditions appear to be improving suggests it was going to improve anyway ... just like in all the other recessions down through history where government didn't intervene in any massive way.
Plain and simple ... Obama was a liar. He lied in order to sell his stimulus/porkulus agenda. And you bought the lie. And here you are trying to defend the lie ... with a lie. Like I said to joobz, how appropriate.
And I hope that everyone notices that neither you or anyone else on this thread appears to want to discuss the very important issues mentioned in the OP. You have your heads in the sand. You are in obvious denial. And I think the reason is quite partisan in nature.
/haɪˈpɜr
Show Spelled Pronunciation [hahy-pur-buh-lee] 
