This article points out 3 things:
1. Obama lied again. He lied about oil production.
2. There is an underlying root cause to the economic problems that cannot be cured by financial means. Could it be the declining number of consumers and workers between the ages of 40 and 55? It does not get better until 2022. Then it falls again by 2030 because of the current low birth rates.
3. The economy is not getting better even though GDP is technically better. The increases to GDP are inflation and oil price driven. A 2% increase to GDP does not cover the increases to gas and food and it is not in keeping with the 10+% increases to GDP of previous recoveries. The economy continues to be in trouble. Stock prices are up because of more printed money and low interest rates … not because of economic improvements.
What happens when the Fed finally raises interest rates to fight the inflation caused by increasing food prices (especially those dependent on corn like live stock and milk), by increasing gas prices, by the increasing debt, and by printing too much money?