More Economic Bad News
The LA Times Business section reported today that the miserable economic results of the failed Obama recovery plan makes another recession likely.
The LA Times did not report it exactly this way but if read carefully this is what they were saying.
It is interesting that they were warning of another recession?? I wasn’t aware that the current one had ended. With 22% of the American work force unemployed or underemployed our recession status seems to me to remain secure
The Times reported that the miserable economic report was slightly mitigated by increased government spending. It is clear that Obama has a “stick to it” determination. His policies have not yet put everyone out of work which seems to be the course he has set for the administration.
By further increasing the national debt, increasing taxes on just about everyone and every activity and keeping the border open for millions of illegal immigrants he has developed a plan to achieve new levels of economic despair.
When the President talks about the progress of his plan it is now clear that he is referring to a different type of progress. It is akin to the CEO of a demolition company referring to demolishing 10 stories of a 30 story building as progress.
Obama really doesn’t understand Americans. The Tea Party and all of the other protesting groups are a clear indication that real change is about to happen. Obama and the Progressives don’t have a clue about what is really happening. Politicians of both parties, are about to be awakened to a new reality. A growing number of Americans are determined to give rebirth to the concept of our founders, “a government, of the people, by the people and for the people”
