Posted on 08/04/2011 6:40:00 PM PDT by Recovering_Democrat
After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory.
There is real growth, and there are government statistics. The statistics have misled every gullible person, but now the truth is obvious to everyone. Not only that: we face an impossible debt calamity, the banking industry is zombied, labor markets are static, the system is flooded with mispriced resources, housing is still a mess, and there is nowhere to go but down, down, down.
QE1 and QE2, plus incredible efforts at regulatory stimulus, plus oceans of fake money created by Ben Bernanke, plus sea-level interest rates haven't done anything but damage. Economic opportunities are being shut down for an entire generation. Free enterprise — and therefore all prosperity — is struggling for its very life.
This is all due to the one thing that Bush, Obama, the Republicans, the Democrats, and every existing major media mogul agrees was the right thing to do: correct market trends, stabilize and then stimulate the macroeconomy. One word: fail.
(Excerpt) Read more at mises.org ...
To infinity and beyond, indeed !
If you wanted to DESTROY the United States, you'd want it to spend itself into poverty. With an investment of a few $hundred million and you wouldn't have to pay all of that yourself, the whole house of cards can be brought down that Jimmy Carter and the Dems started decades ago.
Who is Obama, the guy who spends $Trillions? You really don't know anything about him but what you are told. No grades from college, no friends that remember him in college, virtually nothing.
So why is Obama spending when the country can't afford it (and never could afford these kinds of figures). You won't believe me if I tell you exactly who this guy is.
You'll get another hint when on September 20 Obama does not veto the UN efforts to make Israel withdraw to pre-1967 borders. Israel will be undefendable with 1967 borders. Why would Obama support this?
Why would Obama want to give Egypt US Tanks?
Why would Obama support the Muslim Brotherhood in Egypt?
Why would Obama secretly meet with the Muslim Brotherhood who have sworn they will destroy Israel?
Why is Obama using US military to illegally attack Libya?
How many more "HINTS" does Obama have to give you before you figure out who he is?
The agreement with Egypt to allow them to co-produce M1A1 Abrams tanks was made during the Reagan administration.
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