Off-Topic: The economic disaster continues
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Name:
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MartiniMan
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Subject:
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The economic disaster continues
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Date:
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5/1/2014 9:49:45 AM
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Here we are now into the 6th year of the non-recovery so called recovery and the news just stays bad. Frankly the only reason the stock market stays strong is that with the weak economy there is no way the Fed can totally ease up on their bond purchases. GDP growth in Q1 was non-existent. We have seen the largest increase in health care costs in the last decade. Jobless claims continue their rise with last week's 344,000 being a two month high. Over 90 milloin Americans are no longer in the labor pool which is the highest since the peanut farmer was President. Home sales are slowing as interest rates trend upward. I could go on and on but the gist of this post is to point out that this was all predicted because we get this every time we experiment with big government, increase taxes, add business killing regulation and all the other left wing nut ideas that are at the forefront of a failed ideology that has never worked and will never work.
And if anyone thinks this will change with Billary in the White House let me disabuse you of that notion. She will be as bad or worse than TOTUS when it comes to domestic policy. In the past I would have thought she would be better than him on foreign policy but now I am convinced that she will be as bad if not worse there, if that is even possible. I can completely understand why the left wing nut apologists for SelfieOTUS have gone silent.
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