Obama Economy Chart of the day
Nothing fancy, just tracking inflation and GDP for the first half of 2012 to see how our Dear Leader’s economic polices have been working out.
As you can see, what money you have left after taxes is loosing value at a faster rate than the economy has been growing.
The only positive thing about this illustration is that it shows inflation is on the decline. Which is good for you the tax paying, goods consuming citizen, and bad for our Dear Leader and his economic team. They actually want inflation to rising, not falling. Look it up, their plan was a sharp spike in inflation so they could pay off the massive government debt (currently $15.9 Trillion and rising) with money devalued by inflation. Their greatest fear is deflation, where the currency actually gains value.
The decline in GDP is a clear indication that the American people should not repeat the economic policies of Barack Hussein Obama, which has put the country in the worst economic “recovery” since the Great Depression.
Obama Economy Chart of the Day
Let us review just what this chart illustrates.
Our Dear Leader promised the American people that if his massive “porkulus” bill was passed, unemployment levels would drop much faster than if the government did absolutely nothing to try and improve the economy. A government driven unemployment rate of 5.6% was promised by July 2012, instead of the to be feared 6.0% rate of no government action.
Now to inject reality into our Dear Leader‘s “planned economy” model. The reality is that unemployment went up from 8.2% to 8.3%. The United States is 2.3% worse off than if the federal government had done nothing! According to Obama’s own metrics, his attempts to “improve” the economy has actually made things worse!
Now, one could cut the President some slack, since he has extremely limited experience with the private sector, and trusted academics with absolutely zero private sector experience for his economic advice. That is if he was willing to admit the error of his ways and come clean with the American people that he made mistakes, very large mistakes, that stole money from pockets of the American worker, and is now willing to try concepts that are new to him, but have improved the economy in past recession recoveries.
Ya, I know, that scenario just is not going to happen. Our Dear Leader and his ‘advisers’ are doubling down on their failed policies and trying to tell Americans who have seen their net worth go down while the price of food and fuel go up, that his plan is “working.”
Seriously, he is blowing so much smoke up the collective asses of America that his speeches should come with a cancer warning.
Let us review the Obama Economy once more
Filed under: Culture of Corruption, economy, Obama Economy, Our Dear Leader, Politics
We’ve take a couple of health checks of the economy under the Obama regime, and they haven’t looked good.
Let’s add this data point: the Obama administration projects $1.2T 2012 budget deficit.
Didn’t our Dear Leader promise to cut the deficit in half? Instead he is taking it to new record highs.
Here is another example of fiscal mismanagement by the Obama regime: GM (Government Motors) ramps Up Risky Subprime Auto Loans To Drive Sales.
Let’s review recent history, it was the federal government policy of forcing record numbers of subprime housing loans that lead to the last fiscal crisis. A policy formed by the so-called “Community Reinvestment Act” that was put in place and defended by the far left wing of the democrat party.
Can anyone see the subprime auto loan market turning out any better than the subprime home loan market?
How is the Obama Economy doing?
Based on the recent check on economic health, not too bloody good. Here are a couple of data points to add to the pile.
US poverty on track to rise to highest since 1960s
It’s just not the poor getting poorer, the rich are becoming less rich as the Obama regime sucks their money out of the private sector.
Wait! It gets worse!
According to CNBC: Earnings Show Recession May Be ‘Fast Approaching’
Just how is that Hopey Changey thing workin’ for ya?
A quick check of the economic health
Ok, 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.
Yet all leftists want to talk about is Gov. Romney’s taxes.
Hard working Americans are the solution, not the problem
Filed under: economy, Obama Economy, Our Dear Leader, Politics, Video
Bill Whittle takes a look at Obama’s record as President
Obama surrogate Andrea Mitchell is educated by John Sununu on Obama’s Off Shoring
Filed under: economy, Media Bias, Obama Economy, Our Dear Leader, Politics, Video
MSNBC’s Andrea Mitchell is desperately trying to get the Obama campaign talking points out there, but that “Evil Republican” John Sununu keeps insisting on using actual facts!
Mallard Fillmore nailing Andrea Mitchell’s bias toward Obama and any other leftist democrat
Round Up Post
Haven’t heard much about the “occupooper” movement lately, besides this: DNA found at Occupy protest linked to Sarah Fox murder
Here is a detailed list of the jobs our Dear Leader has off shored using federal “stimulus” money.
That list is missing one major instance of Obama off shoring American jobs. Remember that America is paying Russia to get our Astronauts to the ISS, because Obama killed the manned spaceflight program at NASA.
The Obama campaign, including the DNC’s so-called “spokesperson” Rep. Debbie Wasserman-Schultz, continues to repeat the lie about Gov. Romney “pioneering” off shoring. Yes, lie. The Washington Post Fact Checker gave the Obama Campaign “Four Pinocchios” , their highest rating for blatant lies, or as they put it “Whoppers.” This raises the question of why does the Obama campaign have to lie about their opponents record instead of running on Obama’s record?
Let us review the latest unemployment figures, which Barack Obama calls “a step in the right direction”:
The “official” unemployment rate: 8.2%
Hispanic unemployment rate: 11%
Black unemployment rate: 14.4%
Real Unemployment rate: 14.9%
Nobody knows whether Robert Gibbs cut the alternator belt on Gov. Romney’s bus.
83 percent of doctors have considered quitting over Obamacare
UNEMPLOYMENT RATE DROPPED IN EVERY STATE THAT ELECTED A REPUBLICAN GOV. IN 2010
Five Major Obamacare Taxes Coming in 6 Months
75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year
Filed under: economy, Obama Economy, Our Dear Leader, Politics, Taxes
TANSTAAFL, baby, TANSTAAFL.
Stephen Moore, Senior Economics Writer with the Wall Street Journal explains the reality of socialist “medical care.”
If you are confused over the whole Obamacare/Obamatax thing, just keep these two things in mind.
1. It contains no provisions to provide any additional doctors or nurses. It does contain funding for 16,000 new IRS agents in order to fund Obamacare.
2. Massachusetts elected a Republican to the Senate and his primary election promise was to oppose Obamacare.