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.
Highest tax hike in history (Obamacare) during worst recession in my lifetime. Shouldn’t one expect a sluggish economy?
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.
” 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.
With the documented capricious waivers, outright flaunting and selective enforcement of ObamaCare's requirements, what company would want to increase their potential burden in payments for healthcare? Name one that is willing to gamble on a decision like that which could affect them for decades?
The truth is Obama only wants to get through November 2014, and maybe - MAYBE - 2016 for the next Democrat demagogue to be elected President.
No wonder they're hoarding cash, and it is likely no wonder they're hoarding it offshore.
The recovery never got born; it was aborted in the first trimester via stimulus.
This “recovery” never was.
Honestly, I don’t believe there has been any ‘real’ economic growth since the early to mid-90s.
/s
(That's what my lib friends fervently believe, or used to believe. Some of them seem to be reassessing that belief.)
I seem to have COMPLETELY missed “the recovery”. When did that happen?
When was it alive?
Demagoguery aimed at GRRRREEEEEEDY UNPATRIOTIC CORPORATIONS who are HOARDING their money commencing in 3....2....1....
Just follow the Baltic Dry Index.