The illusion of a recovery: Obamanomics in one graph

Here's a graph I'll bet you wish your state-run media had shown you before you voted for four more years of Obamunism.

Don't blame me, I voted for the guy who understands how business works.

In other words, you're not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years.

This lesson in economic Marxism is brought to you by the Congressional Budget Office, via The Washington Post. So you can't simply call it Right Wing Hysteria and pretend the magic unicorns are hours away from making everything perfect again.

Of course, The Post sat on this news until now, because hey, if people knew what a fuck-up Obama really is they probably wouldn't have voted to re-elect him.

Oh. Right. Three years of lackluster "growth" under Obamunism is George Bush's fault. Got it. Thanks.

Meanwhile, here in the Real World, real people are hurting. That lost GDP is gone. Forever. We're on track to a permanently lower standard of living. Trickle Up Poverty. Gimme my EBT!

Here's more bad news the media conveniently neglected to mention prior to the election.

Still feeling good about voting for President Downgrade? Yes? Hope you don't rely on a small, community bank. They're about to be victims of Dodd-Frank.

Fortune reported three days after the election that the "overwhelming conclusion" of industry analysts and consultants was that Dodd-Frank would cause thousands of small banks to disappear. As a side note, one month before the election a Fortune "fact check" (by the same reporter, no less) blasted Romney for saying during one of the presidential debates that Dodd-Frank was "killing regional and small banks."

You say "reporter". I say "bylined Democratic Party operative". There really is no difference.

The stock market is down more than 5% since Election Day. That's some serious faith in Obama, eh? And inflation is creeping up. It's at 2.2% for October, the third consecutive monthly increase. His union buddies just killed Twinkies, and the only answer coming from the White House is "tax the rich". We already pay 50% of our income to government, how much is "enough"?

Did you know that all the money Obama could collect from his "millionaire's tax" will fund the federal government for a whopping six days? The other 359 days are still going on our account with China. Because for every $7 the IRS takes in, Obama spends $11.

That's his "plan". Spend more than we collect. But pretend he's collecting a teensy-weensy bit more.

Sooner or later he's gonna run out of other people's money. And then what?

Your EBT card won't work. That's what.

I bet that'll be George Bush's fault too.

Posted at 12:05 by Chris Wysocki   [/economy]   Comments | Perm Link |
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