Why So Glum? Numbers Point to a Recovery
The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating.
That is what usually happens after particularly sharp recessions, so it is surprising that many commentators, whether economists or politicians, seem to doubt that such a thing could possibly be happening.
Usually you can depend on the White House to view the economy with the most rose-tinted glasses available. But it was not until last week, after a strong employment report, that President Obama started to sound a little optimistic.
“The tough measures that we took — measures that were necessary even though sometimes they were unpopular — have broken this slide and are helping us to climb out of this recession,” he said in a speech at a factory making battery components in North Carolina.
I wonder if messer Obama has seen the latest prices at the pump across America. Or what is looming on the horizon for this summer. I wonder if messer Obama and his whiz kids are paying attention to what the Wall Street gang have in store for us as they once again manipulate and speculate the markets.
I wonder if messer Obama is paying attention to what his man at Treasury (Geitner) is doing with the Chinese as it concerns the furthering devaluing of the US dollar. And under the auspices of getting China to go along with "sanctions" against Iran. Surely this is a master stroke that will cause Iran to be brought to it's knees. Right? Surely messer Obama knows what is happening. You damn right he knows.
And I wonder, does messer Obama have the latest figures on what his health care reform act is actually about to do to our largest corporations like IBM, AT&T and Caterpillar? (and all of the rest of us) Sure he does. Now.....if he can just keep the majority of us American mushrooms in the dark while he feeds us some more of his socialist mana (manure.)