September 2, 2011
On the wretched economic condition of the United States under President Obama…
This is the United States of America, and we now know we’ve got somebody running this company, who believes that its greatness is illegitimate, and we’ve got to pay the price for it. In truth we have an effective unemployment rate in this country of 20%. Black unemployment 16.9%. The 9.1% number is government disinformation. And to the people who’ve been out of work for a year or longer, this is not a recession, this is a depression. I don’t care how the government defines it. That’s what this is. When one out of every five adults is struggling to survive in the greatest nation on the face of the earth, this is a disgrace. When we can’t produce a single job in the month of August, a GDP of 1%, the Chi-coms are growing at 9.5% – the Cubans are outgrowing us – this is unacceptable. This is the greatest nation on the face of the earth, this is a disgrace, and it is a disgrace because none of this is necessary. None of it.