Hmm, it has been three years since George W. Bush graced the inside of the White House as president of the United States. Yeah, the economy began a downhill spiral in 2008.
Fast forward to today, Saturday June 4, 2011.
Barack Hussein Obama is president. Has been now over two years.
I think that it is time for the dude, the Dear Leader, President Obama, to make an admission. That the economy, for better or worse, is now his baby. No, won't blame W any more. Wouldn't be prudent.
And now if the Dear Leader, President Obama, did take credit for the economy, can he admit that it sucks?
Well, since he can't do either, I will do it for him.
Dear Leader, President Obama, you do not have a Midas touch. Nothing you have touched has made the economy better. In fact, in most cases it has flat-lined or made it worse.
Take the unemployment figures released yesterday.
The rate went up to 9.1%. That was from 9% in April. Many had thought a good May would be a sign that the economy would turn the corner. No, it is continuing into the ditch that I would like to call Obamanomics.
Then there is the federal budget deficit. Yeah, W did not exactly do a great job on that front. But when W left the White House on January 20, 2009, the federal budget deficit was closing in on $500,000,000,000. Today, the projected federal budget deficit is hovering around $1,500,000,000,000. More than double. And this does not include the wonderful so-called health care "reform" passed by the Democrat controlled congress in 2010.
Hey, not to worry. we will just print more money to pump up the sagging economy. And that is being eaten away by something you kiddies have no idea about.
To explain, that is when the prices of goods and services rise at a rate higher than incomes.
For instance, gas and food prices are rising at an alarming rate. And in a weird way, they are related as no time in history.
The price for a gallon of gas in the United States is averaging about $3.74c a gallon. Over a dollar more than last year at this time. Needless to say, while it may not seem like much, think of volume. Like filling up the gas tank twice a month. It could be as little as $50 to over $100 more a month. For many people, that takes a chunk out of discretionary income.
And food prices are way up. Part of the reason is the insanity of growing such items as corn for food, but for fuel. Part of that green revolution Team Obama keeps pushing. As a result there are in many parts of the world food shortages. What do you think was one of the catalysts in the Egyptian revolution? Food shortages. It is all going into a car's gas tank near you.
And the federal government has tweaked the way inflation is statistically figured out so that it does not appear to be all that bad.
Ever hear the leftywhore media explain that when you take out the rising price of gas and food, inflation was low overall?
Yet these are two of the most important things that keep an economy going!
Housing prices continue to plummet.
Now, that was good for the Right View From The Left Coast family as we just concluded our first, and hopefully last, home purchase.
But for many, it is a stark reminder of how much suckage this economy really is.
The bottom line is this.
Back in the day when Franklin Delano Roosevelt was pulling the wool over the people's eyes, lying about prosperity around the corner, the public was less educated and aware of reality. They did not have the kind of news sources and a sense of things that many do today. It was a truly desperate time. FDR was a great used car charlatan. And he too had a compliant, leftywhore media much like the Dear Leader, President Obama has today.
Back then, all FDR had to do is invoke the name Herbert Hoover. After all, he got the United States into the Great Depression. Yet what is never told is how President Hoover and President Roosevelt's economic policies kept the Great Depression going long past it's due date.
That is what you are going to hear from Team Obama.
That this economy is all George W. Bush's fault. And I am just trying to get us out of the mess.
This time, it will not work. The policies are not working. The increase in the size and scope of the federal, state and local governments are awaking the once Silent Majority. And they have said enough is enough.
And yeah, it is now your economy oh great Dear Leader.
And yeah, it really sucks!