Americans More Pessimistic About US Outlook Than At Any Time Since Start Of Obama’s Failed Presidency

As much as the mainstream media propaganda tries to pretend otherwise by restating Obama’s talking points as if they were facts, things are NOT going well for the U.S. economy.

And the American people know it:

Americans hold dim view of U.S. economic outlook: poll
Thu Apr 21, 10:54 pm ET

WASHINGTON (Reuters) – Americans are more pessimistic about the U.S. economic outlook than they have been since the start of the Obama administration and most believe the United States is on the wrong track, according to a New York Times/CBS News poll released on Thursday.

The number of Americans who think the economy is getting worse jumped 13 percentage points in just one month, to 39 percent, the poll suggested.

Just 23 percent said they thought the economy was improving, down 3 percentage points from the previous month.

Seventy percent of respondents said the country was heading in the wrong direction and most think neither President Barack Obama nor Congressional Republicans share their priorities for the country, the poll showed.

The dour mood is dragging down performance ratings for President Barack Obama and both parties in Congress with the 2012 election season already underway, the poll found.

Fifty-seven percent of respondents said they disapprove of Obama’s handling of the economy, while 75 percent said they disapprove of the way Congress is handling its job.

While Washington is consumed with debate over deficit-reduction proposals, Americans seemed uncertain about the impact of cutting the deficit on the U.S. economy.

Some 29 percent of those polled said cutting the deficit would create more jobs, while 29 percent said deficit-cutting would cost jobs and 27 percent said it would have no effect on the employment outlook.

The poll found considerable support for Obama’s proposal to raise taxes on the wealthy — 72 percent of respondents approved of that idea as a way to address the deficit.

Obama’s job approval stood at 46 percent, while 45 percent did not approve of his performance in office.

More than half of poll respondents, 56 percent, said they did not have a favorable view of Republicans in Congress, as opposed to 37 percent who said they did.

The Democratic Party fared somewhat better, with a 49 percent approval rating versus 44 percent disapproval.

The telephone survey of 1,224 adults was conducted Friday through Wednesday and had a margin of sampling error of plus or minus three percentage points.

According to Standard & Poor’s, “we believe the risks from the U.S. financial sector are higher than we considered them to be before 2008.”  Which is to say that all of Obama’s financial fascism has made the American economy more vulnerable to total collapse than it has ever been.

If you saw an Obama election victory after the Republican and Democrat Party national conventions in August of 2008 and abandoned the stock market in favor of gold and silver, you would be closing in on about a 90% profit on the gold, which would pale in comparison to the more than 250% profit you would have made in silver. 

I’ve watched the market go up and down, but the numbers reveal it has clearly generally gone up.  But I’ve also noticed that most of the trades are held for a matter of minutes or even seconds and that the low volume that has characterized the market pretty much mean it’s only major-league institutional investors that are making the lion’s share of the profits.

In the market itself, two things are happening: one is that banks are able to borrow money at nearly a zero percent interest rate and then reinvest it in bonds for a safe and easy profit without those risky and pesky loans to small businesses.  The other thing is that there are virtually zero bankrupties of major business and financial sector entities because they can borrow money at the aforementioned artificially low interest to keep themselves alive no matter “artificial” that life is.  The moment we start to see interest rates go to their natural levels, you are going to see a giant swath of reorganizations (which is a fancy word for bankruptices).  It’s coming.

I’ve also watched as QE2 (that’s Quantitative Easing, the Obama Fed plan to manipulate interest rates by creating bogus money based on the government essentially borrowing from itself) has fed this big player stock market gluttony with artificial money creating artificially low interest rates.  The last time quantitative easing ended, the market lost about 16% of its total value in about two weeks.  QE2 is scheduled to end in June.  You do the predictive math about what’s going to happen in June/July.

I am reminded of a rather chilling 7 minute video about a fictional scenario which is starting to look more and more like a prophecy:

The plot of the highly realistic video is that Obama’s announcment of QE4 is met with the world market finally realizing that Obama is a clueless idiot.  And it proceeds to detail the unravelling of the entire financial system.

We are almost certainly going to see QE3.  The only way we WON’T see QE3 is if the “experts” rename what will be virtually exactly the same thing.  The liberal/progressive/socialist powers that be simply don’t have any other plan.  And whether it’s QE4 or QE5, at some point the world markets will come to the same conclusion that they arrive at in the fictional video above.

Last year, Democrat Congressman Anthony Weiner actually used the power of the government to launch an investigation into Glenn Beck for pushing gold.  Media Matters mocked Glenn Beck, as usual.  A poster calling himself blk-in-alabam wrote on May 19 (8:08 pm ET):

“Beck cult members probably bought more gold today.  He tells they must taste the hair of the dog that bit them to get over the money they have already spent on gold.  Glen Beck tells them to hurry and buy gold before the facist socialist government take away their right to be used and suckered.”

If you were one of the Beck cult members who bought gold, congratulations: you made ($1,503 – $1,192) $311 an ounce – a 26% profit – without even leaving your house.  Not a bad profit for a paranoid cultist.  I wonder how much blk-in-alabam made on his portfolio, assuming he isn’t living in the basement of his mom’s house and “investing” all of his allowance on video games???

Here’s my question: has there been an investigation of Anthony Weiner for demonizing gold???

The American people are totally confused and divided, which is exactly what you would expect from “No, no, no.  Not God bless America.  God DAMN America!”  The other thing you’d expect from God damn America is that wicked and foolish people will continue to make poor choices and poor decisions.

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4 Responses to “Americans More Pessimistic About US Outlook Than At Any Time Since Start Of Obama’s Failed Presidency”

  1. Robbie Says:

    great article!

  2. Michael Eden Says:

    Robbie,

    Thanks for the encouragement!

    As for the “what gives michael why are my comments not being posted?” I have no idea. A few people who should NOT get blocked end up getting stuck in spam.

    This particular comment I replied to was in the “held for moderator approval” category. But you shouldn’t even be getting held up for THAT. Your comments should be instantly approved.

  3. Robbie Says:

    thanks just checking because recently that is what has been happening – noticed you have really picked up the pace regarding sheer volume or number of articles (content has remained stellar). thanks fellow patriot your blog is a daily stop of mine.

  4. Michael Eden Says:

    Thanks, Robbie. I wish I was more tech-aware, or I’d try to deal with the comment problem that has been brought to my attention before.

    The thing about this administration is that it is a new series of outrages (plural) every single day.

    The Obama administration makes me think of Proverbs 6:12-14:

    “A worthless person, a wicked man, goes about with crooked speech, winks with his eyes, signals with his feet, points with his finger. with perverted heart devises evil, continually sowing discord.”

    There is just no end to it.

    To the tiny extent the media even bothers to cover it, it’s just a quick drive-by and then they’re gone.

    There has to be a record of this for the future. That’s why I blog. It’s not even for now as much as it is for the future.

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