Thursday, June 2, 2011

FALLING OFF A CLIFF

And, of course, it just has to be Bush’s fault, doesn’t it?  Well come on!  Obama now knows that everything thing he’s tried; his moronic and economically destructive Pelosi-designed stimulus plan, his hire-more-government-workers jobs programs, his promoting of jobs-killing unions, his animosity toward private enterprise … none of it is working.  So of course he’s going to blame Bush.  We’ll keep hearing phrases from the Obamajahadeen about “turning the corner” and “moving in the right direction” as Barry begs for another term so that he can continue his “fundamental transformation” of the United States. 
When the people look at our economy there are two things that really stand out right now.  One is jobs, the other is housing.  And just how are we doing on the jobs front?  In January, February and March we added about 200,000 private sector jobs every month.  That fell to 180,000 in April.  In may it looks like the numbers may be around 40,000.  That’s “turning the corner?”  That’s “moving in the right direction?”  For people looking for work, I don’t think so.  It takes about 150,000 new private sector jobs every month just to keep up with population growth.
Housing?  I don’t know about where you stays (or “live,” if you don’t live in the city center) but in Atlanta home values now are around their 1999 value.  Many Americans, perhaps most Americans, have the bulk of their wealth tied up in home equity … and now that equity has turned to vapor for many.  People are seeing their retirements disappear! 
Simply put, Obama has no plan to bring our private sector economy back.  He has grand plans to expand the size of government and to improve the economic lives of those who work for government however.  What is the one place in this country where home prices are holding their own?  That would be around Washington DC.  The one economically secure area of our country – the seat of the Imperial Federal Government of the United States. 
Many experts think we’re heading back into another recession.  Inflation is up.  In fact, if we measured inflation with the same metrics that were in use when Jimmy Carter was in office the inflation rate would be around 10%.  Reelecting Obama would be like strapping on an economic suicide vest and giving the trigger to your worst enemy.

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