Posted on 01/30/2013 6:39:43 AM PST by Reaganite Republican
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Even Mark Zandi, The Most- In-The-Tank-for-Obama Economist on CNBC, had a deer-in-the-headlights-look when that eye-popping report came out this morning. Talk about finding something unpleasant in the bullish punch CNBC was serving!
Rick Santelli was in fine form. His suspicions that the BLS reports were mostly BS before the election appear vindicated.
Obamabot voters will NEVER admit their guy is the cause of all this dismal performance and financial woe, because that would be, well, racist.
Shullbit. No matter how thin you slice it, baloney is still baloney. This is not a “double-dip” recession, it is just short of a full-blown DEPRESSION. The reason it is not much worse than it already has become, is due in large part to the ready availability of a comparatively cheap energy source, natural gas. The economy is still limping along not because of the efforts of Bronco Bama, but in spite of them.
There is little chance of removing the artificial barriers raised against economic expansion until the Current Regime is out of the White Hut. Either by election, or by resignation, in the manner of Richard Nixon, our last Imperial President.
But first we have to get Joe Biden out of his entrenched position.
Herself, the Cold and Joyless, is at loose ends at the moment.
Frying pan? Fire? Which shall it be?
Yeah, but the other guy was going to ship my job to China and give me cancer.
Bring back American jobs.
Discourage imports.
Now.
People are naive, but since when did they vote based on economic measurements? FDR was re-elected three times despite us staging in the depression. Our heads are still so far up his butt that the history books pretend he saved us.
There is an indirect connection between bad data and bad feelings inside voters. But it isn’t like the MSM was gonna report bad data as bad data, unless Obama impossibly jumped parties, or something.
Like Welch said, the Oct jobs #s simply didn’t square with reality
I remember pellet urging caution. It’s one thing to criticize their methodology—such the way they changed what counts as unemployment or what they omit from the inflation basket—and another thing entirely to accuse then of outright lying. Which us what it would’ve required: actual pants in fire.
I’ve never been uncomfortable calling the government lying liars who lie. These are the people who told us the Gulf of Tonkin incident was unprovoked and in international waters.
The worst part is that people will think that the answer to the crashing economy is expanding benefits again — more food stamps, more Social Security disability awards, another extension of unemployment. We are in a death spiral where American voters think the answer to the stagnant economy is more benefits, which in turn result in a stagnant economy. No one thinks they have to support themselves anymore.
Not to worry the Obama defenders are on the scene. Over at Huffington Post on this story’s comments Obama is not even close to being at fault.
Some villains there are the Tea Party stranglehold on Congress, corporate giveaways, Republicans’ refusal to raise taxes more, not following Krugman’s advice enough, if it wasn’t for Obama it’d be worse, etc, etc, etc.
In this brave new country, the state of the (private) economy is irrelevant - up to the point that the private economy doesn't support the transfer payments. But, the government has an alternative to a productive economy, and that is the power to create money out of thin air. It can use that money to maintain the "transfer" payments.
That is our entire nation right now.
Nobody is looking at supporting our own country.
Bring back US industry, and change the laws to encourage people buy American.
Also, smash your computers. Give scriveners their jobs back!
And this guy gave me an EBT card, an Obamaphone, 99 weeks of unemployment, and SS disability when the unemployment runs out. Life is good! Yay Obama!
When I mentioned the $16+T debt and the yearly $1+T deficits to my liberal step daughter-in-law at Christmas her response was, ‘’Well he has the war in Afghanistan’’. When I reminded her that W had two wars to deal with and never broke $160B in annual deficit she just looked at my stepson and said, ‘’I think it’s time to go to bed’’ and left the room.
They don’t want to hear the truth.
Almost 2/3 of Q4 were after the infamous reelection of The Won. GDP was finally moving along at a half-way decent rate (>3% growth in Q3), but hopes for a better 2013 were crushed that bitter day in November.
Businesses are “going Galt” now. This is a consequence of Obama and his policies. Let Q2 show another drop and it’ll be official: “Obama’s double-dip recession.”
(On OCT 9, 2007, the Dow closed at 14,164. Today it is just under 14,000. While it will be a new "record" when that 14,164 number is exceeded, what it REALLY indicates is that once Pelosi and Reid took over and had a year to start their destructive ways, it took the market 5.5 years to recover and simply get back to where they were at that time. We've basically had ZERO progress in the past 5.5 years, thanks to the Dems... but of course, this is NOT how the MSM will report it.)
Now that the US has tipped into socialism, I don’t really think that stats like this would have changed the election outcome.
We had nearly 8% unemployment, nearly $4 gasoline, and surging food prices and the Baraqqis still won.
To quote the Commie info-b*tch on CNN: “This was totally unexpected”
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