Posted on 04/17/2014 5:45:26 AM PDT by Kaslin
All Hail the Obama Recovery!
Hamburger meat is $5/Lb., and pork and chicken are going up almost as fast, devastating grocery budgets for families across the fruited plain.
By November even the most clueless voters will be catching onto the fact that the wheels have come off this phony “recovery” that never happened.
All Hail the Obama WRecKovery!
Highest tax hike in history (Obamacare) during worst recession in my lifetime. Shouldn’t one expect a sluggish economy?
Oh by the way, there’s no inflation....
/ sarc
The privately owned for profit corporation known as the Federal Reserve, which is as federal as Federal Express, is flooding the economy with ever devaluing currency. The increasing worthless paper is becoming decoupled from the real economy of real jobs, real goods and real services.
I don’t know how much of that 4 to 5 trillion is held overseas. However, I do know that there is roughly 2 trillion dollars cash held overseas by companies, because the penalties for bringing it back to the US and redeploying it are heavy.
This is shortsighted, greedy, and counterproductive. These companies made the money fair and mostly square (there are transfer pricing games that can be played to shift profits from one jurisdiction to another), and paid their taxes in the countries where they earned it. “Repatriation” taxes are locking that money up abroad.
It never was alive.
Agreed. Couple the cost of food going up with the cost of fuel and you have a vicious, repetative cycle.
” The best way to put capital to work is by hiring, we can all agree.
But until the politics changes in Washington, D.C. that’s not going to happen.”
Course not. Because it’s designed to be a “Zero Growth Economy” as per Agenda 21, ‘cause we be consuming waaaaay too much resources, eatin waaaay too much meat, using waaay too much A/C, That’s not very fair so we must continue to de-industralize and re-distribute the American wealth to the rest of the world.
Recovery, my patootie.
Any ‘recession’ that lasts over 5 years now... I’d call that DEPRESSION.
And yet these money-grubbing socialists INSIST on slapping MORE and MORE hardship upon us - after all, we DESERVE it, right? Time to bring justice to America, hmmm?
But of course, it’s all just CORPORATE America, holding back ALL their money - JUST to make obama look bad. After all, that’s what racists do!
I’m so tired of hearing libs tell me, “yeah, but it (the economy) would have been SO much worse if it hadn’t been for obama!”
It amazes me. WHY are we still paying high gas prices constantly? And, as mentioned in the article - food prices going through the roof. I haven’t had to be so picky at the grocery store since I first moved out of my parent’s house and started living on my own back in the 80’s.
Businesses are literally sitting on mountains of cash which they have been hoarding for five years now. They are spring-loaded, wanting to spend to grow and expand, but they will not because of the failed and destructive policies of Obama and the Democrats. However, most of the executives from these very same companies continue to funnel buckets of cash into Democrat campaign coffers and Democrat PACs and Democrat shadow organizations. Even the US Chamber of Commerce is pouring money into immigration policies that will seriously undermine economic growth and recovery.
Why is it that all these “smart people” continue to lament a weak economy and bad policies coming out of Washington, yet at the same time, actively provide the funding that advances these same destructive policies?
Companies, like people, start to re-evaluate what they want to do when government adds a major new level of oppression. Taxes went up and everyone knows they are going to continue to go up over the next decade or so because government refuses to control spending. Not only can’t the president and Congress cut spending, but they are still adding burden after burden after burden in the form of expanded spending and entitlements. If you know you are going to be hit with these obligations, you have to hold money in reserve.
I disagree. 40% are far too into progressive populism. It will be the deadlock caused by evil Republicans, it will be the evil corporations, it will be the bankers. What it won't be is Herr Leader.
My BIL says that things would be much better if the Pubblies quit hindering all the plans of Dear Leader. The irony there is of course that the stupid Republicans have done almost nothing to obstruct Obama and the Dems.
We should give up the notion that if things get bad enough, these low info numbnuts will figure it out. Not going to happen.
Two factors, not even considered by government when deciding what the inflation increase is for S.S. cost of living raises. Inflation was 1.56% last year, according to the S.S. Administration.
Food and fuel are major factors in many people's budget.
“I don’t want to ruin your evening after such a pleasant dinner. But if you wish to know who is at fault for hollowing out the welfare of middle-income workers and the American economy, kindly do not look at me or my colleagues at the Fed. When you go home tonight look at yourself in the mirror. We at the Fed are providing more than enough monetary accommodation. You elect our fiscal and regulatory policymakers. It is time for them to do their job, to ally themselves with us to achieve a fully employed, prosperous America. Only you, as voters, have the power to insist that they craft policies that are needed to restore American prosperity. Please do so.
Have a most pleasant evening!”
~ Dallas Fed Chairman Richard Fisher, February 11, 2014
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