Posted on 10/24/2013 7:52:05 AM PDT by whitedog57
According to data released Tuesday by the Census Bureau, 49.2 percent of Americans received benefits from one or more government programs in the fourth quarter of 2011.
And, of course, When Obamacare is fully implemented on Jan. 1, 2014, Americans earning up to 400 percent of the poverty level will qualify for a federal subsidy to buy health insurance.
Meanwhile, manufacturing output plunged to the lowest level since 2009.
Markit PMI Output_0
This is not all that surprising given that the USA has the second lowest labor force participation rate in the world, after Mexico. And M2 Money Velocity spirals down with labor force participation.
m2vellfp
Real median household income is lower than it was in 2000.
household-income-real1-13a
And other measures of the economy continue to decelerate.
decelnation
As our economy decelerates, expect to see more households on government benefits. Unless we run out of money.
Meanwhile, the Jeffrey Lebowskis almost hold a majority. And will after Obamacare goes into effect in 2014.
the-dude-from-the-big-lebowski-1
Soon our ashes will all be collected in coffee cans.
You know, think I’ll just give up and see how many of the 40 plus gubermint freebies I qualify for...so sick of it. We are doomed, the deck is stacked, all congress does is talk and pander! It will take a miracle to overcome this admin.
STFU jpl, you’re out of your element.
We wants the money, Lebowski.
The “magic” money keeps flowing!
After flirting for months with the idea of curtailing stimulus, the Fed said in September it would continue purchasing $85 billion of bonds a month, citing the need to see more evidence that the U.S. economy will improve. That came less than two weeks before a 16-day U.S. government shutdown that postponed releases of key data the Fed is relying on to guide its policy decisions. The Fed’s strategy also took a hit from this week’s news that employers added fewer workers to payrolls than projected in September.
The Fed will wait until March before slowing the pace of its third round of quantitative easing, according to the median estimate of economists in an Oct. 17-18 Bloomberg survey.
The Dude Abides...
So, the bums didn’t lose.
“Not John Lennon, Donny—V.I. Lenin! Vladimir Ilych Ulyanov!”
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