Published August 17, 2011
Welcome to the Big Rodeo, Gov. Perry
“Everybody who runs for president, it probably takes them a little bit of time before they start realizing that this isn’t like running for governor or running for senator or running for Congress, and you’ve got to be a little more careful about what you say.”
August 17, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Cloward and Piven Strategy, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Elections Politics, Energy and Oil, Excessive Government Spending, Freedom Justice and Liberty, Fuel Prices, Government, Government Regulations, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Incompetence, Politics, Poll Numbers, POTUS Elibility Issue, Propaganda, Redistribution of Wealth, The Economy, Unemployment | Leave A Comment »
First off the Democrats get the GOP to acquiesce to a debt ceiling bill that will result in the federal government raising taxes and increasing spending by over $7 trillion over the next decade. The immediate result is United States government debt being downgraded for the first time in history, something Treasury Secretary Tim Geithner stated unequivocally would not happen only the week before.
Soon thereafter the Fed looked into their crystal ball and decided that economic prospects were so bad that they had to take the unprecedented step of publicly stating that they would be leaving interest rates near zero until mid 2013. It seems as if Keynesians never see – nay recognize – failure, they simply see another opportunity to try and do the same thing over again, only each time a bit bigger.
Up on Wall Street things weren’t going any better. The Dow dropped 600 points the day after the downgrade and it has spent the subsequent two weeks on a daily triple digit roller coaster. All together the market is down almost 10 percent since the beginning of the month.
Those things are tough, but they don’t really add up to much of a conspiracy. Hey, the unemployment rate went down… from 9.2% to 9.1%, that can’t be a bad thing. Unless of course that decline is the result of more people simply throwing in the towel and giving up looking for a job at all. Add to that the decline in productivity and the increase in labor costs and things start to look rather bleak. All this while Obama’s approval ratings slipped to the lowest levels of his presidency.
August 17, 2011 | Categories: 2012 Election, America's Freedoms, Balanced Budget, Congress: Inquiries & Committees, Corruption in Government, Economic Security, Economic Terrorism, Elections Politics, Energy and Oil, Excessive Government Spending, Fuel Prices, Government, Government Regulations, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politics, Poll Numbers, POTUS Elibility Issue, Radical Liberal Progressive Left, Redistribution of Wealth, Smaller Government, TEA Taxed Enough Already, The Economy, Unemployment | Tags: Barack Obama, California, economic freedom, Jimmy Carter, politics, progressive movement, rick perry, Rick Perry barack obama, Texas | Leave A Comment »