More Obamanomics … welcome to
More bleak economic news as a result of Democrat and Obama policies. The GDP for the second quarter of 2011 for the US is, drum roll … 1.3%!!! Wow, thank you Barack Obama. Does that even count as growth? Needless to say the markets are reacting prior to opening and are down. Oh wait, it gets worse, if that is possible. First quarter GDP was sharply revised down to a 0.4% from 1.9%. But wait there’s more, fourth quarter growth from 2010 was revised down to a 2.3% from 3.1%.
Growth in gross domestic product — a measure of all goods and services produced within U.S. borders – rose at a 1.3 percent annual rate, the Commerce Department said. First-quarter output was sharply revised down to a 0.4 percent pace from 1.9 percent.
Economists had expected the economy to expand at a 1.8 percent rate in the second quarter.
In addition, fourth-quarter growth was revised down to a 2.3 percent pace from 3.1 percent, indicating that the economy had already started slowing before the high gasoline prices and supply chain disruptions from Japan hit.
Obama and the Democrats have done everything possible to put Americans into Hoovervilles. This President truly is an OBAMANATION and an EPIC FAILURE!!! Unemployment, debt and GDP, OH MY!!! This president has done nothing but harm the economy, they best thing Obama could do to help the United States is resign. Obama has truly become Jimmy Carter. Just like in 1980, the only way that America was to return around from its “malaise” was for Carter to be voted out of office. Does it really surprise anyone that Obama has a 41% approval to be reelected? Look for that number to go down even further. Which begs the question … Has Obama become “landslidable” in 2012? Look for that future post in the near future.
Brian in a Blue State
Democrats claim that they want to get beyond the Anthony Weiner sexting scandal, but do they really? They claim that their agenda has been hijacked by Weiner and the endless shirtless and weiner pics. However, one might say that was a good thing for Democrats. Did they really want to discuss jobs, the economy, debt reduction and the highest misery index in 28 years?
Weiner may be gone, but the lasting stain on the Democrat party remains. Weinergate is not an isolated occurrence when it comes to the Democrat party and politics. Sure the naked pics of Weiner’s weiner were a bit much, but sooner or later when one makes politics their religion, it’s only a matter of time before the power goes to their head.
Vanderbilt – ’11
“Political expression has obviously declined to
depths formerly unexplored until now. This
particular ‘representative’ is representing
himself in ways rational folks would not. It
might be said that ‘POWER’ has gone to his head!”
From The Hill:
With Rep. Anthony Weiner (D-N.Y.) all but out the door, Democrats have wasted no time trying to shift the conversation back to the economy, healthcare and other issues of greater national consequence.
Party leaders think they have a winning hand in their opposition to GOP proposals to overhaul Medicare, privatize Social Security and slash funding for safety-net programs amid a lingering unemployment crisis.
Democrat policies have failed on the economy as we remain at 9.1% unemployment. Democrats would love their to be distractions of anything than that what the American people face presently. Look for another Weinergate to distract, but this time it will be one where they leave their clothes on.
Who said that Obama was not Presidential? Although, he is hardly Lincolnesque or Reaganesque … more like Carteresque.
Thanks to Barack Obama and his economic policies have provided us with, we are now presented with a “Misery Index” at 28 year high. Hey America, how is that “Hopey, Changey” stuff working out for you?
When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.
In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.
The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.