Before I started my morning reading of news and blogs that I am subscribed to, I had already been thinking about our economy. I make no claims to be an expert, but I see what I see. I came across a blog post at The First Street Journal that really piqued my interest and I thought it would be a good one to share with my readers on a Saturday morning. It echoes what I have been thinking. The President can’t run on his real record, so he has to manufacture an economic recovery. It doesn’t matter if that recovery is real, it just has to appear to be real.
Here is the last paragraph of the post. It’s well worth reading it in its entirety, as the Editor lays out exactly how the Obama administration is spinning the labor numbers to suit their needs.
They were not happy with that remark, but it was the truth: the Kaw had been painted, and had an after-market air conditioner on top, and all of the switches and gauges repaired, but it still had the same engine, still had the same transmission, and was still the same piece of [insert vulgar slang term for feces here] that it was before the rebuild. The same is true with the economy: the Bureau of Labor Statistics can run the numbers, and publish the big one, the 8.1% official unemployment rate, and President Obama can claim that we’ve created a bunch of new jobs, but he’s still trying to paint a turd. He’s still the boss, but anyone who actually gets in the economy and drives it around and tries to do work with it will see past the new pretty paint job and the fancy new gauges, and will know that it’s the same old piece of [insert vulgar slang term for feces here.]
My wife summed it up in one sentence. She said “everything is going up besides the paycheck”. I always knew she was a smart woman. If we are in an economic recovery, I hope we don’t go back into a recession. The imbalance between what I am able to earn and how much necessities are costing us can’t bear another straw.
Barack Obama has said before that he was the man for the job. In 2009, he claimed he wanted the economy to be called Obama’s economy. He has tried to backtrack from that statement and still tries to lay the blame on George W. Bush, but that is just one more falsehood he has tried to perpetuate. The economy was bad when he took office, but he has done nothing to help move it out of its stagnation. It can be truthfully argued that he has, in fact, hurt the economy and any chance of a swift recovery.
As I stated in the comment I made on the post at The First Street Journal, our economy is closely aligned to the price of energy. The policies of the Obama administration have caused that price to climb continually, since he took office. As long at that price continues its upward trend, we can expect no economic recovery of significance.
Please consider the comments as an open thread to voice your concerns about the economy.