WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
Linkiest
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Memeorandum
Net Right Nation
The Patriot Post Newsletter
Pajamas Media
PJTV
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
OpenVMS.org Portal
AVS Forum
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
2½ weeks ago President Quisling McGolfpants assured us our economy was doing better than ever.
Obama defended his economic policies, clearly in response to criticism from Republicans that the recovery has been too slow and that large threats remain.
"The United States of America, right now, has the strongest, most durable economy in the world," he said. Anyone who claims otherwise, he said, is "peddling fiction."
Who knew that his Department of Commerce was in the fiction business?
The U.S. economy's growth slowed sharply in the final three months of 2015 to a 0.7 percent annual rate. Consumers reduced spending, businesses cut back on investment and global problems trimmed exports.
The slowdown could renew doubts about the durability of the 6½-year-old economic expansion, though most economists expect growth to rebound in the current January-March quarter.
The government's estimate Friday of the economy's expansion in the October-December period was less than half the 2 percent annual growth rate in gross domestic product in the third quarter of 2015. It was the weakest showing since a severe winter reduced growth to a 0.6 percent annual rate in last year's first quarter.
Oops.
But don't worry, the Obamabots say prosperity is right around the corner. Honest! And you should believe them too, because they've been saying it for 6½ years now, and by golly sonner or later they just have to be right!
Or not. Because, you know, they don't feel the pinch like you and I do.
Out here in the Real World we don't need the government to tell us the economy sucks. We're living it.
The number of people not in the labor force is at an all-time high. And there are more than 45 million people on food stamps.
Speaking of food, it's more expensive than ever.
And escalating health care premiums continue to eat into our dwindling incomes.
The one bright spot is energy, especially gasoline prices. Of course Obama is doing everything he can to sabotage them, insisting on ever escalating mandates for "green" energy boondoggles and throwing roadblocks in front of domestic oil and gas production at every turn.
How do you spell "recession?" Because I spell it Obamanomics.
Hillary Clinton promises 4 more years of the same disastrous policies.
Bernie Sanders promises 4 years of socialism that'll make Obama's policies look like The Good Old Days.
Donald Trump promises, I'm not sure what exactly, but it'll be yuuuuge, or something.
And one of those 3 stooges is, barring a miracle, guaranteed to be our next president.
Buy ammo and canned good folks. We're in for a bumpy ride.
Posted at 11:46 by Chris Wysocki
[/economy]
Comments | Perm Link |
Technorati Tags:
economy
recession
GDP
Obama
|
Tweet
Previous: Donald Trump praises Planned Parenthood, gains Jerry Falwell Jr.'s endorsement | Next: Iowa's youth lined up behind Bernie, because it's easier than getting a job |
Main |