That Mr Obama isn't out of ideas on how to fix the economy, although two years ago he said the raising taxes in a recession is "the last thing you want to do."

That being out of work isn't the same thing as being unemployed.

That since prosperity brings more tax income to the government, higher tax rates will help bring prosperity to the economy.

Mr. Obama knows what he is doing in running the American economy based upon no financial or business education and no experience other than being a community organizer.