The economy is clearly in trouble. We have no real recovery. People are barely surviving and are now cutting into savings when their incomes drop. Yet, as others pointed out, a lot of Americans don’t seem to blame Obama and didn’t think that this horrible recovery was reason enough to kick him out. To the contrary, a lot of people’s answer to this is that we should hand out even more government checks and move further down the path of Welfare State Socialism that is killing us.
Cutting into savings.....correct, they are and for two reasons. Reason one is their pay is going down. Reason two is their savings are being eroded by “hidden” inflation. One more, they are getting no return on their savings and some have now jumped into the junk bond markets and growth stocks, a misnomer in a recession, and will get the double whammy, loss of principal and no ROI.
.....To THEM.
That's the problem. These people don't care how many other people suffer. As long as they get theirs, they're fine with it. A check could be as low as one dollar, and they'll still rape and plunder other people to get their hands on it.
Notice they're not mentioning the out of control costs of obomacare. It's already bleeding the population dry, and it isn't even mentioned! Imagine how bad those "tweaked" numbers would be if the cost of obomacare was added to them.
With all that money printing and a population begging government for food as much as the Great Depression, they're not even close to telling us how bad the economy really is.
The money printing is driving us into a bond crash. Student loans aren't being paid because there are no jobs. Another housing crash is inevitable because the democrats Reinvestment Act is still on the books.
Unemployment can go no where but up. No jobs = no expendable cash. No cash = no buying. No buying = no producing. No producing = more layoffs.
The only way to save the economy is to slash the size of government in half and give the American people their money back. It worked in the 1920 depression, and it'll work now.
You just aptly described the FDR admin.
We are living through another dimrat induced depression while the media then and now just can’t see any of the forest for all those trees in the way.