The greatest economic comeback in the history of humanity, the Obama boom, has been a disappointment. The media was trumpeting that good times are here again and that we are back to 90’s style growth. The reality is this is the most anemic recovery in recent times. The American dream has turned into the American nightmare as the Porkulus leads to more debt and Obama’s cronies enriching themselves. Jobs are scarce , wages are falling and for the first time the younger generations will be worse off than the next. America is rapidly turning into an economic laughingstock as nations like India, Brazil, China, Chile and Germany are booming. Americans are fed up with the lies of a nonexistent economic rebound and are not seeing the benefits.
This is not what a recovery is supposed to look like.
In Atlanta, the Bank of America tower, the tallest in the Southeast, is nearly a fifth vacant, and bank officials just wrestled a rent cut from the developer. In Cherry Hill, N.J., 10 percent of the houses on the market are so-called short sales, in which sellers ask for less than they owe lenders. And in Arizona, in sun-blasted desert subdivisions, owners speak of hours cut, jobs lost and meals at soup kitchens.
Less than a month before November elections, the United States is mired in a grim New Normal that could last for years. That has policy makers, particularly the Federal Reserve, considering a range of ever more extreme measures, as noted in the minutes of its last meeting, released Tuesday. Call it recession or recovery, for tens of millions of Americans, there’s little difference.
Read the rest: Across the U.S., Long Recovery Looks Like Recession
The Progressive economic policies of Barack Hussein Obama have failed. The increased debt has put a burden on the economy as it’s a defacto tax increase. The more capital sucked out of the economy, the less available for private investment. We need to decrease the deficit and debt in order to get this economy rolling.
Argentina once was a dynamic economic power. It choose the Progressive path with Juan Peron and became the economic basket case it is today. Unless things change, America is going down that path of decline as well. This is unacceptable for America to be stagnant and we need to do something about it, before it’s too late.
Tags: Obama Economic Boom, Recession, Stagnation
