Posted on 09/08/2012 1:52:49 PM PDT by kathsua
Obama lies as the economy dies and more people go on food stamps.
While a pathetic 96,000 jobs (less than expected) were added to Obama's trickle growth economy last month (mostly low wage, part time, temporary work) the labor participation rate declined from 63.7 to 63.5%, the lowest since January 1981-Jimmy Carter's stagflation economy. There was less people working in August than in July, less in July than in June, less this year than last year and the year before. But due to statistical trickery by president transparancy (who quoted Abe Lincoln last night) the unemployment rate dropped from 8.3 to 8.1% giving the illusion of jobs growth. Sorry, Mr. President, smoke and mirrors economics won't work with a public turned off to your policies believing you're a failure. Economic suffering is getting worse as we approach the day of electoral reckoning. America feels its deepening pain and anguish over the future; and lying about numbers can't change that.
There are probably fewer Americans working today than when Carter was performing his magic.
Obama was right, the recession ended in 2009. But not the way he likes to brag about.
It is a depression and has been a depression since about 2010. Smoke and mirrors, makeshift “repairs” to the economy, mostly by pumping up the money supply, and using creative mathematics to hide the REAL unemployment rate, is a classic “kick the can down the road” strategy. Eventually you run out of road, or the can goes so far out into the weeds the game is effectively ended.
Maybe people don’t like the “over the cliff” analogy, but do they understand four blown-out tires and a burst radiator hose? Over the cliff would be a mercy, because there is the long walk back home, and a lot of folks are just not up to it.
The real estate that makes up the continent of North America will still be here. But the concept of “United States of America” just might not be.
Agree that it is a depression, but they have masked the effects by all the overtime with the printing presses and the false bolstering of the stock market. They have retarded the pain and set us up for some real agony when it finally blows up. I believe it’s a purposeful act - if a Republican gets in, the pain will be blamed on him. If Obama stays in, the martial repression will kick in. Either way, the Left reaps its rewards.
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.