Posted on 05/31/2012 7:03:12 AM PDT by Kaslin
No matter what propaganda we see from the elite media or from Obama supporters, the American people will not be fooled. The May report by The Conference Board showed consumer confidence at its lowest point in the last five months.
That might shock those who swallow the Obama administration's argument that it has produced significant job growth and reduced unemployment. That's all wonderful until you run into someone who has been unemployed for years and is not even counted in the unemployment figures. The fact is that the American people can feel it when things are not improving, and despite being told that the nation is making the turn toward a strengthening economy, the public feels the squeeze at every turn.
Yes, we keep being told things are getting better, like the advance estimate of the first quarter's gross domestic product, which was originally reported at 2.2 percent. Oops, that number was revised at the end of May to be a tepid 1.9 percent. That is hardly news for celebration and additional reason not to trust any rosy projections that might arrive right before the November elections. Oh, and by the way, sales for existing houses dropped in April, shocking the experts who did not see it coming.
Of course we are all told, based on our antiquated way of measuring inflation, that the cost of goods and services in America is really not rising much at all. Perhaps that is the case, but it seems hard to leave a grocery store these days with any reasonable amount of products and not drop at least a hundred dollars. And all of this for food and other products that seem to be in smaller and smaller packages. I guess that's not inflation, it's just imagination.
As for the thrill we should all have over the decline in gas prices, well, many just are not so overjoyed. We are nowhere near the average price for gas on the day President Obama was inaugurated. That price, even "deemed" as correct under this new print media "judge and jury" known as "Politifact," was $1.79. While oil prices rise and fall (and, curiously, often fall when the public starts to really complain), the price in most areas of the nation is well into the three dollar plus range. Now, of course, that's not inflation, it's just imagination.
Let's just tell the truth: Our health care premiums are rising, interest rates on credit cards soared partially due to overreaction by the Obama administration, college tuition is getting out of hand, and the list goes on and on. Who wants to buy in an economy in which the statistics the government uses suggests costs are barely rising, but in which at the end of the week people have empty pockets or big additions to their credit cards?
What about the other side of the equation -- savings and investments? Because we allegedly have no real inflation, the Federal Reserve is giving money away, and their low interest rates also guarantee that you will get next to nothing for parking your money in a money-market account. In fact, about the only place the average American can make any real money is in the stock market. This is a market that has risen while the rest of the nation has been stalled out. Now does anyone really trust the stock market long term, in light of the high jinks we have seen surrounding just the new public offering of Facebook stock? The answer is, not likely.
Businesses are already building in the increased costs of doing business in America if Obama wins a second term. They have already been regulated to death, but the threats that come with four years, particularly if Republicans do not control both the House and Senate, have virtually every entity that employs people -- from the largest to the smallest -- preparing for the worst.
They know an Obama re-election means that the Bush tax cuts go away and that marginal rates will rise for virtually anyone who participates in our free enterprise system. Most deductions will disappear, and the natural reaction from businesses will be to trim more fat (is there any left to trim?) and try to charge more for a product or service.
If anyone doubts how desperate companies can get in a crunch, just look to the airlines. Most charge you extra for everything but the supply of oxygen and cabin pressurization onboard. If we don't look out, they may start charging us to breathe while in flight.
It appears President Obama believes in his own form of trickledown economics -- we just trickle down to nothing.
You must be under the mistaken impression that comrade Hussein 0bama cares. The worse things get, the more he will have the peasants under his thumb. Now go away, and leave him alone. He has to get ready for his tee time and start planning his next luxury vacation.
“who swallow the Obama administration’s argument that it has produced significant job growth and reduced unemployment”
January 2009 unemployment rate was 7.6%.
That’s right, the best UE rate of his term has been the very first day. Absolutely no ‘improvement’ has occurred.
Napoleon is rumored to have once said “Never attribute to malice that which can be adequately explained by stupidity”.
But I think we are beyond stupidity, here. The economic preformance of this administration is so poor, there has to be some reason why they are intentionally sabotaging the US economy. You can’t get to where we are by accident.
One theory is that it is simple graft gone wild. Chicago on the Potomac, and all that. The US Government has been turned into a money machine for Obama and his cronies, and we are suffering as a result. While this is certainly true, as we witness Hundreds of Billions of dollars being siphoned off to politically connected donors and bundlers, the US economy should be strong enough to overcome malfeasance, even on such a massive scale.
My feeling is that the economy is being stifled intentionally, and the ability of people to make money and become rich through the traditional path of free enterprise is being destroyed for a purpose. And that purpose is to destroy the notion, previously held by the US people as a matter of bedrock faith, that one can lift oneself up to the level of the rich through hard work and initiative.
Class warfare has never worked in the United States because the people, in the main, fail to resent the wealthy. The reason they do not resent the wealthy is because they hope to become wealthy themselves one day, and think it is a realistic possibility. In order to get class warfare to florish in this country, that attitude must be snuffed out.
One way to do that is to raise the barriers to entry, by complicating business and making it more difficult to start up. Existing businesses must also be suppressed. The explosion of regulation and the high cost of employment have seen to that. Obamacare is custom-made for this purpose.
Another element is to ensure that the only path to success is through seeking favor with the government. There will be rich people, but folks have to know that the path to wealth is only open to politically connected insiders, and not to them.
Once people accept that they will not be able to elevate themselves to the levels of the rich, they can be induced to resent the rich, class warfare can thrive, and the revolution will be all but won.
I think the writer is largely on target.
Things for Obama are spiraling downwards, and the mainstream media is beginning to realize that this has surpassed their ability to spin him out of it.
Pretty soon they are going to have to cut bait and begin engaging in damage control if they want to try and preserve any shreds of credibility.
as rats dive overboard, saying “Yes we can!”
The Rats in Congress know what is coming.
Jimmy Carter - Now available in black.
Reagan practiced “Trickle Down Economics”. Obama uses “Trickle Up Poverty”.
I just got a call from my realtor - have to lower price again! Prices still plummeting.
That is likely to provide cover for local government raising property taxes.
You said it, and he won’t stop until he achieves his goal
Total BS - prices are plummeting and there are no buyers because everyone knows the economy is a DISASTER with no hope at all until ObaMAO is gone.
I know it’s BS, but that is what the Fed just put out.
I think he’s got both covered there.
What we need is a republican president who will appoint an Elliot Ness “type” to investigate the voter fraud and money laundering. Unfortunately, I don’t see one on the horizon.
US Real GDP Growth data by YCharts
“There ain’t no ticks like poly-ticks. Bloodsuckers all.”
-Davy Crockett (unsourced)
Ref
http://en.wikiquote.org/wiki/Davy_Crockett
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They (politicians) are all obamas, potential and actual—and worse!
Their accomplices are government, industry, business, media, etc, etc...
And “they” all will walk away rich and scot-free... nothing new there!
Why? The populace has never gotten over their yearning for a king...usually a king of their choice, but will settle for less...
“We” could try electing a righteous individual for a change—if that one could be found; but then someone said that if elections settled anything they would have been outlawed long ago...
What to do...what to do...everything seems to be a catch-22/gotcha situation...
Semper Watching!
*****
bump
Bingo!...his mission is simply to bankrupt this nation without “We the People” realizing it.......
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