Quote of the Day
Thursday, July 19th, 2012“Firefly just won’t die. And that’s a good things. Browncoats never surrender, they just take up misbehavior…”
— John Ringo
Archive for July 19th, 2012
A quick check of the economic health
Thursday, July 19th, 2012Ok, we’re three and half years into the Obama Economy, let’s see where we are.
The Real unemployment rate is 14.9%
For the past three months in a row more Americans are going on disability rolls than are finding jobs.
President Barack Obama’s Jobs Council hasn’t met for six months. Clearly, job creation is not an issue our Dear Leader is very concerned about.
Expect your grocery bills to go up, since corn prices are at record highs. Next time you are at the market, take a look at what you are putting in your cart and how much of that is made with high fructose corn syrup. Don’t forget the federal regulations requiring corn based ethanol in gasoline next time you are at the gas pump.
Obama’s Energy Department is ‘Unable to Locate’ $500,000 in Equipment Bought With Stimulus Money.’ That is a half million tax payer dollars! The Energy Department didn’t earn that money, somebody else did (i.e. working Americans who pay federal taxes), and the “most transparent administration ever’ owes the American people a higher level of transparency than ” it would not be “appropriate” to release the name of stimulus-money recipient where the $500,000 worth of equipment could not be located.”
25 Out Of The Last 27 Times Retail Sales Collapsed Like This We Were In A Recession.
The Federal Post Office can’t make a payment to its retirement fund.
New unemployment claims are back up again.
Don’t worry though, President Barry says that the Private Sector is Doing Just Fine.
Oh, right, reality forced him to retract that statement.
Update: Here are a few more items.
U.S. Existing Home Sales Unexpectedly Drop To Eight-Month Low. After three and a half years of the Obama Economy, items like this shouldn’t be “unexpected.”
Factory activity contracted for a second month in a row.
Consumer confidence dipped to 84.7.