Posted on Monday, February 8th, 2010 by Kevin Jackson
When I see Obama discussing the state of the economy, it’s like watching Tommy Flanagan, the pathological liar, played by Jon Lovitz on SNL, whose famous saying was, “Yeah, that’s the ticket!”
Obama selling the idea that unemployment shrank to 9.7%, while we lost even more jobs, well, “That’s the ticket!”
Most people are aware by now that the reason for lower unemployment is that people have QUIT LOOKING! There are approximately 1M people now who have quit looking! Since they quit looking, the government quit counting.
According to this report from The Examiner,
The number of discouraged workers –people who have stopped looking for jobs in the past 4 weeks – grew from 840,000 to 1.1 million nationwide. Since the start of the recession, the U.S. has lost 8.4 million jobs.
Where are that white boogeyman and that Republican-controlled Congress when you need them?
The point is, why bother looking for a job, when you KNOW no new jobs have been created. In fact, while Obama was creating and saving jobs, 4 MILLION more Americans’ jobs were uncreated and unsaved!
Regardless, I refuse to believe my lyin’ eyes! Liberals tell me that chimpanzees make good house pets, and fat meat ain’t greasy, and I believe ‘em!
Obama has delivered Utopia, I just can’t see through my new transparent glasses!
Despite the 20,000 more job losses, unemployment indeed dropped 0.3%. It’s time to celebrate. We are at the beginning of the recovery, and now I plan to take Biden’s and Obama’s advice, and begin spending my way out of debt. Shopping releases endorphins, and I like my new euphoric feeling.
However, buzz kill that he is, Obama has cautioned for us NOT to be overly optimistic. He pulled the same stunt when consumer orders were up 5.7% as I blogged in No Celebrating GROWTH! What gives? Does he want me wallowing in his misery index?
Under Reagan there we began measuring the misery index, a combination of unemployment and inflation—currently 12.8% under Obama, the highest since 1983. Though 12.8% is high, the real misery index is actually...
“Sexy Brilliance brings levity to the political discourse in this country. I put a comedic spin on what's happening in America, and showcases the ironies and hypocrisies of politics in America.”
Now since rehashing that real unemployment is around 18%. Technically the US is in an inflationary period that is being artificially held low by the Fed, and it’s much closer to 6% and growing. Extended unemployment benefits, and $1T of new money at the ready, lowest income to the US treasury in decades, and many other inane fiscal policy decisions, and you can easily see why Obama’s got his finger in the dyke…and she ain’t liking it one bit. [*snicker*]
It’s just a matter of time when Obama’s policies catch up with him, and inflation will mimic the Carter years, much as his presidency does.
It’s safe to say that when considering the real numbers, the misery index is in firmly in the red zone, hovering around 24%. When you have black folks on the south side of Chicago are complaining about their homeboy, well you know things are pretty ugly out there.
Contrast Obama’s administration to what Bush had to deal with, specifically the terror attacks, which crow-barred the economy taking the stock market to 7000! American had NEVER seen anything like that, including The Great Depression.
Bush held the economy together, taking to stock market to new highs, in spite of the financial debacle created by Democrats like Obama, Dodd, and Frank.
But Bush is “the dumb president,” right? “Yeah, that’s the ticket!”
Bush had to contend with a Democrat Congress for over 6 years who were full of vitriol, and who saw their takeover as a mandate for socialism. The Pelosi Bunch spent America into oblivion and blamed Bush. Bush received NO support from the media, and many forget that Bush had the same weak-kneed Republicans that we are trying to rehabilitate now.
Here’s the wrap:
Obama has no excuses, though he still blames Bush. That excuse now even makes Obama’s staunchest supporters eyes glaze over. Misery loves company.
Obama’s policies are laughable. He is finally trying to provide incentive to small business, at a time when the economy can’t support new businesses.
Oh well, thankfully consumer buying is on the rise and unemployment is dipping! “Yeah, that’s the ticket!”
© 2010 Kevin Jackson – The Black Sphere All Rights Reserved
scott says:
February 8, 2010 at 5:14 pm
Obama is doing everything the opposite of Ronald Reagan. What came to mind as I read your article Kevin was when Ronald Reagan said:
“I want you to know that also I will not make age an issue of this campaign. I am not going to exploit, for political purposes, my opponent’s youth and inexperience.”
and also:
“The nine most terrifying words in the English language are… I’m from the government and I’m here to help.”
BTW (kinda off topic but not really):
Which is the Real ‘Racist’ Party: Fifteen Questions for Democrats:
http://bigjournalism.com/fross/2010/02/08/which-is-the-real-racist-party-fifteen-questions-for-democrats/#more-20238
This article is awesome and shows who the real racist are!