Obama: Americans Buying ‘Thingamajigs’ Helps the Economy

Fresh off a disastrous jobs numbers report, 8.2 unemployment and only 69,000 jobs added, the President traveled to Minnesota where he explained to voters how an extra “$3,000 a year” could be used to help Americans buy more “thingamajigs”:

“I assume there are some folks here who could use $3,000 a year,” Obama said. “Let’s get that done right now. That means they’re — you know, if you got $3,000 a year extra, that helps you pay down your credit cards. That helps you go out and buy some things that your family needs. Which is good for business. Maybe somebody will be replacing some thingamajigs for their furnace. They’ve been putting that off. but they got that extra money, they might just go out there and buy that thing.”

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