IT'S NOT THE ECONOMY, it's Obama.

Their [Obama's speeches] purpose is to improve the political economy of Barack Obama, not the fortune of the United States.

The phrase to keep in mind is “phony.” Both press secretary Jay Carney and the president used it to describe the IRS, Justice Department, and NSA scandals. After addressing each of these stories, and going so far as to say he was deeply concerned about the activities at the IRS, the president seems to have decided he is tired of answering questions. He has adopted the age-old tactic of dismissing inconvenient news as false and irrelevant. The thinking must be that forceful denials will discredit congressional investigations into the administration and lead the news media to downplay additional scoops. It’s worked before.

Not this time.