FoxNews courtesy of Hannity, ran this piece about Barack Obama’s lame speech on Libya. Their story says that Libya could “Break Obama”. Well as far as I’m concerned, he’s already broken. Since Barack Obama took office, we can boast:
— Far fewer decent paying jobs
— Continuing high unemployment
— Lower wages
— Higher food prices
— Higher gas prices
And to add to Obama’s list of failure, I am reading that rents are going up. This is an obvious (but entirely foreseeable) result of the housing bust. Suddenly renting is no longer the shameful housing option it once was. Suddenly, it’s fiscally sound so everyone says “rent rent rent”. In fact, with the restrictions on new mortgages and the above points, few people can afford to do anything but rent. And rent is simply complying with the law of supply and demand.
In a healthy economy, this would not be a such a bad, but let make this clear: This is not a healthy economy. Even though the mainstream media keeps pretending that we are in some kind of economic recovery, that is far from the truth. The combination of factors listed in this blog post cannot sit in the same room as “economic recovery”. Any talk of economic recovery is a lie originating from the Obama Administration and carried across the lying liberal news sources.
Sorry folks, Obama is already broken.
CNBC had this article about our illustrious “Welfare State”
Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.
Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data.
Even as the economy has recovered? What economy recovered? Did I miss something? My pay is still cut due to down profits, my neighbors and friends are broke, the states are broke, unemployment is still around 9%, gas prices are spiraling up.. what is this recovery? Where is it? Apparently it doesn’t cross west of the Hudson to Main Street.
So this is the new recovery with over one third of ‘wages’ being doled out as handouts? Somehow, I think using the word recovery in this context is in bad taste. And we’re closing in on our EU counterparts where 44% is the level of government handouts. I believe most EU countries have reached the point where dependence on government can go no further. There has to be a threshold where there isn’t enough private enterprise to support a government.