The mainstream media, Barack Obama, and Democrats either think people are stupid or fools. Has to be one or the other the way they talk to folks and the whoppers they tell.
Let’s begin with the AP this week whose headline; “Faith In The Economy Holds Steady”. Makes sense because faith is belief without evidence. The reason for such faith? Consumer confidence ‘only’ fell to 69.2.
Doesn’t faith in the economy imply a positive outlook? What on earth is positive about a failing grade? The AP must think we’re all idiots.
Going beyond the headlines we learn that economists say the US economy is at a juncture, rising layoffs, and slowing home sales raise concerns for a slowing economy in the spring for a third straight year.
While the US is at this juncture in desperate need of jobs where is Barack Obama? Off on the taxpayer dime going to the only places where he can be believed; college campuses, and comedy shows.
Hi ho Silver, the Lone Ranger rides to the rescue again! Why the president is concerned that the student loan program he dictated be taken over by the government when Democrats had control of both houses of congress, wrote into the law that interest rates on loans to new students would have to increase because that silly CBO says the program will go broke otherwise, is out to save you from those who want to double interest rates on loans that don’t apply to you! And they cheer.
How many jobs did that create?
Our higher education system sure is producing some brilliant minds. Not only doesn’t the new interest rate apply to these yutes, AP had just reported 53.6% of college graduates 25 and under were unemployed or underemployed.
The employment prospects for these cheering yutes is as good as Biden saying something intelligent, or Wasserman-Schultz telling the truth, almost nil.
Meanwhile in the real world ‘S’ Corps won’t be hiring if their taxes are raised to pay for another trillion dollar boondoggle. You don’t suppose Obama would promise these yutes something for their votes do you? It’s not like he’s from Chicago or something. Hey professors teach these kids something besides 69.2 is good.
Obama was probably laughing so hard after speaking to the supposed brightest that it dawned upon him people are so stupid he could take his act on the comedy tour. The problem for the national jester is we need jobs. There’s nothing funny about being jobless.
Here’s the news that was reported while our national jester was’ living large’ on your dime: manufacturing took an ‘unexpected’ dive. Down 4.2% in March to the lowest level since January 2009 when the jester was sworn in, but he’ll tell you we’re headed in the right direction. Seems he’s the one who just drove us back into the ditch. Fortunately the Republicans riding in the back weren’t hurt.
Orders excluding transportation fell 1.1 percent, gauge of business spending plans dips 0.8 percent, broadly weak reports points to loss of factory momentum. Manufacturing had been the only bright spot in the dismal Obamanomics economy. No jobs expected here.
The news on housing wasn’t any better; existing home sales fell over 6% in March, S&P/Case-Shiller reported home prices fell again in February, home prices now down 35% from the peak, while new home sales fell 7% in March to a pace of 323,000 where 750,000 is considered healthy. No jobs here.
"Summer of Recovery," "headed in the right direction," "worse than we thought," are mere rhetoric while America suffers the worst recovery of any recession since WWII. Time to recovery under Obama’s economic plan has now exceeded four times the average rate of recovery for all other recessions.
Twenty-five million Americans are unemployed or underemployed, we have record numbers in poverty, deep poverty, on welfare and food stamps. Manufacturing is sputtering, hiring is slowing, housing has never recovered, all while Obama adds crushing debt killing future growth.
As the economists said, the US economy is at a juncture and it’s no laughing matter Mr. President.
Come November we will know if people are really that stupid or if the joke will be on Obama.
The opinions expressed here are solely those of Fritz Pfister or identified sources, and not necessarily those of RE/MAX Professionals of Springfield or RE/MAX International.