"You're my only hope!!"
Posted on 04/28/2011 6:38:41 PM PDT by jazusamo
Forecasts predict no economic improvement in 2011
The only thing dropping faster than President Obama’s poll numbers is America’s economic future. Only one in five believe the country is headed in the right direction, according to a Rasmussen Reports survey released Thursday. More than half of those responding to Gallup’s queries believe we are either in a recession or depression. The grim mood reflects growing disenchantment with administration policies that have sucked the life out of the economy.
Reports piled up yesterday casting further doubt on the prospects for recovery. Just as many people stood in line last week to file an initial jobless claim as did so the same time last year. The dollar finds itself in a free fall against other currencies and gold. The measure of the growth in the country’s productive output fell to 1.8 percent in the first quarter of this year. The Federal Reserve is not hopeful. Chairman Ben S. Bernanke dialed back real gross-domestic-product growth expectations for the rest of the year from 3.4 percent to 3.1 percent. Thanks primarily to sky-high gasoline and energy prices, the Fed’s best guess is that consumer prices will rise 2.1 percent, up from the Fed’s inflation prediction of 1.3 percent made in January.
None of these developments are accidental in an administration that has actively sought to raise energy prices. “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” Steven Chu told the Wall Street Journal in an interview less than six months before he became Mr. Obama’s energy secretary. Mission accomplished, Mr. Chu...
(Excerpt) Read more at washingtontimes.com ...
Ask, you say? More like aks.
The author offers the wrong premise.
Obamanomics has not failed to achieve its desired goal of wrecking the US economy to weaken the USA and reduce our global influence, to make us less competitive world wide, to make us dependent on foreign powers like China. On the other side of the coin, it has not failed to flood lower class inner city Americans with free goods and services from food stamps to free internet service to free home weatherproofing.
Obamanomics is succeeding in its intended goals, which were never about strengthening the US economy, growing jobs, or restoring America’s economic independence.
So after decades, the progressives have finally gotten their wish and brought America to her knees with the super majorities they held in congress and through the presidency.
Now what’s their plan?
Americans are supposed to recognize that our misery is a good thing, that it’s for the common good, embrace it and re-elect the progs to carry on the destruction?
Bipartisan, corporate-government politinomics has failed and will continue to fail, regardless of who is allowed to be nominated, until the default has run its course.
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