“US house prices have fallen by more than 5 percent year on year, pending home sales have collapsed and existing home sales disappointed, the trend of improving jobless claims has arrested, first quarter GDP wasn’t revised upwards by the 0.4 percent forecast, durable goods orders shrank, manufacturing surveys from Philadelphia Fed, Richmond Fed and Chicago Fed were all very disappointing.” – Mike Riddell, M&G Investments
Did you know there is an “Economic Surprise Index”? It makes sense when you stop and think how just about EVERYTHING seems unexpected to the Obama-media!! http://washingtonexaminer.com/politics/2011/05/pro-obama-media-always-shocked-bad-economic-news
Not only have QE 1&2 not worked, but there is solid evidence that these modern-day Titanic’s of Monetary Stimulus have sailed us closer to our own oblivion…while we prepare to Christen QE3???
The very notion of truth itself has been tied, stretched out and crucified for political advantage inAmerica. This is why we are in a dreary swamp, a national malaise. Our current struggles are all the more remarkable considering most result from wrong ideas. A simple attitude adjustment, ie a “reality check”—would eliminate most of our seemingly permanent issues fairly quickly. Our troubles occur because disreputable political doctrines are raised over common sense. For example, huge deficits undermineAmerica’s ability to continue its military and humanitarian roles, home and abroad. And yet, the notion of serious spending cuts is regarded by liberals as more horrible than an offer to barbecue holy cows in downtown Bombay.– Kelly O’Connell (From, Who Defines “Truth”When Politicians Re-Write the Dictionary?)
And as if the facts in Riddell’s lead-in quote aren’t disturbing enough, we learn that of the dismal 54,000 jobs created in May…half of them went to McDonalds! http://www.weeklystandard.com/blogs/half-last-months-jobs-came-single-employer-mcdonalds_573220.html There is such a juicy metaphor on a sesame seed bun here…Is it the clown or the golden arches? I don’t know…I do know there is nothing funny or precious about what this suggests for the once greatest nation on earth!
I do know that liberalism cannot compete in the arena of ideas, which is exactly why the Liberal Democrats have relegated themselves to the role of spoiler, shamelessly portraying Republicans (who have taken the lead) as granny-killing monsters!
Who the hell among us is scratching their heads in bewilderment over these revelations today? That’s what I want to know! Who among us did not see the flashing danger sign almost 2 years ago when he promised jobs and delivered Obamacare…or, when he finally held a job summit attended by college professors and union bosses…ONLY? How long will you keep your miserable heads down, refusing to stand and speak out while you neighbor risks all to save the country he loves? For how long will you continue to turn a deaf ear to the “social justice” sermons streaming from the co-opted pulpits of your bought & sold faith? WHEN DOES THE LIE BECOME TOO HEAVY TO FLY FOR YOU????
The Lie of the Century? GREEN JOBS? Do you remember Howard Hughes’s flying catastrophe, the Spruce Goose (320 ft wing span!) that never really made it off the ground? Google it and see the perfect metaphor for Barack O’Blarney’s “economic plan”! Green Jobs are as big a myth as leprechaun’s and blarney stones, dreamed up by Marxist minds to undermine national sovereignty, transfer power to elites and redistribute the wealth that the Capitalists created! Reality– America hired a Marxist Plumber in 2008 to fix a Capital Leak! Question– How long will the media be able to prop up a hapless ideologue whose vision for growth is tantamount to taking water from one end of the pool to pour into the other?
We are way more than a nation of burger-flippers, and any President who doesn’t believe that in his heart of hearts, has absolutely no business being behind the wheel!