Posted on 04/15/2010 11:59:35 PM PDT by JohnHuang2
Among the thousands of "tea party" protesters that gathered Thursday at Freedom Plaza, a stone's throw from the White House, were dozens of signs directed at President Obama, some demanding "Listen To Me!" others asking "Why Can't You Hear Us?"
But the president never heard a peep from the mob of boisterous Americans, most of whom deplore the spending binge he and the Democratic Congress have been on of late. He headed to Florida to praise $6 billion in spending for NASA, just about the time the first speaker was taking the stage in the square, which Mr. Obama can see from his back porch.
(Excerpt) Read more at washingtontimes.com ...
But taxpayers haven't been able to avoid Obamanomics. In fact, this is your economy on Obamanomics:
-- "A record number of U.S. homes were lost to foreclosure in the first three months of this year," the AP admitted yesterday. RealtyTrac Inc. noted "that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago" and "households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009." Obama's recovery is on track to 'grow' over 1,000,000 bank repossessions this year.
-- The AP also reported yesterday that the "spreading economic recovery" has been spreading itself so thinly that industrial production barely reached 0.1 percent "growth" in March, "lagging expectations despite growth" in manufacturing, "underscoring" the "uneven" spread of the "spreading economic recovery" manufactured by newsrooms busily spreading myth. The expectors expected a number 7 times larger than what the Fed coughed up yesterday. Capacity utilization -- 73.2 -- is 7.4 percentage points below the average going back to the early Pleistocene Epoch.
-- The alleged official 'scorekeeper' of the economy, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), can't seem to even locate a "spreading recovery." The Committee posted on its web site Monday that "determination of the trough date (the date the recession hit bottom) on the basis of current data would be premature" and that "many indicators are quite preliminary at this time and will be revised in the coming months." Administration officials insist the spreading recovery will eventually be found.
-- First-time filings for jobless benefits jumped 24,000 in the latest week, but the jump seemed to stem largely from the fact that thousands of jobs were nefariously hidden by Easter Bunnies playing tricks, the same way gazillions of jobs were buried deep in the snow by Frosty the Snowman in February. The suddenly unreliable, "distorted data" showed claims rose to 484,000 last week, with the four-week moving average -- equally unreliable because the news was bad -- spiking up to 457,000. The expectors were shocked at the lousy numbers -- even though signs were everywhere that the Easter Bunnies were up to their usual tricks. The expectors expected claims to ridiculously drop 30,000, to 430,000.
In a keen assessment, Reuters noted that soaring "jobless claims add to worries" about the fake recovery. Take out the massive census hiring underway, and these awesome job numbers would be even worse.
-- In yet another Green Shoot, the Labor Department admitted yesterday that average hourly wages fell during the month of March by an inflation-adjusted 0.2 percent. Year-over-year, average hourly wages are down 0.6 percent (inflation-adjusted). But the stock market is up!
-- ABC News's Consumer Comfort Index has dropped back down "to -47 on its scale of +100 to -100," which is "down 4 points from last week," remaining "far below its 24-year average," "casting doubt" on the spreading recovery. An awesome 8 percent "rate the economy positively."
-- AP: "Consumer borrowing fell again in February, reflecting weakness in credit cards and auto loans. It marks a setback to hopes that consumers are beginning to feel more confident and will start spending more" in this spreading recovery.
-- CNN: "Office vacancy rates are now at their highest level in 16 years . . . as elevated unemployment levels across the country continue to temper demand for space . . . in fact, nearly three-quarters of the country's major metropolitan areas experienced an increase in office vacancies in the first quarter of 2010."
-- Wall Street Journal: "Consumer bankruptcy filings hit their highest monthly peak in March since Congress overhauled the system in 2005. The number of filings rose to 149,268, 34% higher than February's filings . . . the March tally was also 23% higher than the same time a year ago." With a recovery going this strongly, who needs a recession?
Anyway, that's...
My Two Cents...
"JohnHuang2"
Great Tea Party yesterday! Friday-morning ping!
BECAUSE THEY WERE FREAKING OUT OF WORK.
What a putz.
God bless you, JH2 = and thank you for your always faithful postings which for some reason I usually miss. (Am I on your ping list? If not, why not??? LOL...)
Obama was probably curled up on the floor in a fetal position during the tax rallies yesterday.
He knows his time iz up.
Yea, lets rack up trillions taking care of illegals health bills while we are out of work; makes sense to me.
All very good points, but you forgot to point out, as I’m sure the AP would be glad to, that it’s all Bush’s fault.
Obama’s cornfuzed-—said this morning we should thank him for all the new taxes
Yea right
Victoria Jackson was shown a short clip singing “there's a communist in the white house” on fox this am.
She's a blast!
I heard the same thing .. “... less tax paid this year than last” .. NO DUH!!
Less people working, less taxes paid .. and people don’t get that ..??
Also, they can’t figure out why people spent more money last month - HOW ABOUT TAX REFUNDS - wouldn’t that cause people to spend more ..??
I’m convinced most of the media lives on the moon.
Another winner!!
Thanks, John ........................................... FRegards
Thank you so much for your excellent wrap-up!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.