The American People Are RIGHT And The Media Is LYING: The Obama Economy Is MISERABLE

We’re being told that the economy is recovering.  Green shoots.  You stupid people, the lib-anointed experts say, we’ve been in recovery for years under Obama.  The streets are paved with gold.

Polls clearly show that the American people believe that about as much as they believe Obama’s NSA spying on them (that Obama’s Director of National Security flagrantly lied about to Congress and to the American people on national television) is harmless:

Poll Showing Most Americans Believe Economy Is and Will Stay in Poor Shape Puzzles Politico, CNN
By Tom Blumer | December 31, 2013 | 09:36

One thing the establishment press will not be celebrating this evening as we head into 2014 is the fact that they have been unable to convince the American people that the economy has been and will continue to be on the rebound.

A CNN/Opinion Research Corporation poll released on Friday, which “oddly enough” (no, not really) is not being touted at ORC’s related press release web page, shows that 68 percent of Americans believe the economy is in poor shape. Over half expect the economy to be in that condition a year from now. This came as somewhat of a surprise to Lucy McCalmont at the Politico and Gregory Wallace at CNNMoney.com.

McCalmont’s brief post said that the result occurred “despite some strong indicators.”

Wallace’s longer report attempted to cite several specifics (bolds are mine):

Many Americans feel economy isn’t improving (Note to headline writer: That’s “most,” not “many.” — Ed.)

Despite a recent string of positive economic news, Americans say they aren’t feeling the improvements.

A new CNN/ORC poll released Friday showed people were pessimistic that the economy was improving. Nearly 70% said the economy is generally in poor shape, and only 32% rated it good.

By some metrics, the economy has moved ahead this year. The stock market, for example, has surged — the Nasdaq is up nearly 40% since January. Unemployment is at a five-year low point. Auto sales are at a seven-year high. Gas prices have dropped. And the housing sector, which dragged the U.S. into recession five years ago, is rebounding.

The Federal Reserve sees signs of strength, too. In December the central bank pulled back slightly on the stimulus that has boosted investor confidence this year.

But behind those numbers are the long-term unemployed, the under-employed and those who have dropped out of — or never even entered — the workforce. They’re not sharing in the surging stock market, and many are about to lose jobless benefits.

Wallace’s points about the job market are fine, but many of the alleged positive factors he cited really aren’t when subjected to any kind of analysis.

Unfortunately, the average American is not sharing in much if any of the stock market’s gains.

The point Wallace attempted on gas prices was pretty weak. The national average of $3.30 per gallon is still more than double what it was at the end of 2008.

As to the housing sector, new-home sales are still less than 70 percent of the 700,000 annual level considered healthy by writers at the Associated Press (I think it should be more like 750K-800K).

Finally, the idea that the Fed’s “pullback” indicates “signs of strength” is ludicrous. Given that the annual deficit and mostly related additions to the national debt are about half as high as they were during the Obama administration’s early years, the Fed should have been able to pull back much further if it were really comfortable with where the economy is going. But it’s not, which is why its “taper,” from creating $1.02 trillion per year of funny money to “only” $900 billion, was so small.

And of course, looming over all of this is the impact of Obamacare’s exorbitant premiums and sky-high deductibles on Americans’ spending hablts — something Wallace and McCalmont “somehow” forgot to mention.

Cross-posted at BizzyBlog.com.

And the headline says it all:

Survey: Consumers Have Overwhelmingly Poor Outlook For 2014 Economic Recovery

Maybe we can put it this way: are these economic “experts” lying about the economic recovery?  “Not wittingly.”

As to this “recovery”:

WHAT RECOVERY? George Will Exposes Obama’s Failed Economic Record (Video)
Posted by Jim Hoft on Thursday, January 2, 2014, 6:47 PM

What recovery? George Will tonight exposed the Obama administration’s failed economic record. He nailed it.

“The recession began in December 2007. Since then we’ve added 13 million more Americans are in the country and we have 1.3 million fewer jobs. We’ve lowered the unemployment largely, not entirely, but largely because workforce participation rate has gone down as more and more workers have been discouraged and are no longer count any more because they’re no longer looking for work. If the workforce participation rate today were as high as it was when the recession began the unemployment rate would be 11.3%. We wouldn’t be calling it a poor recovery because it wouldn’t count as a recovery at all.”

George is right. The employment-population ratio the last twenty years has bottomed out during the Obama years — that is, the percentage of Americans above age 16 who work for a living.
labor participation rate
The chart clearly shows the results of Barack Obama’s failed economic policies.

** Zero Hedge has more stats on how Obama’s policies have damaged the American economy.

I have written about Obama’s dreadful (and continually getting worse under his watch) labor participation rate, which is the measure of adult Americans who actually have JOBS.

In November 2010 it was 64.5% under Obama, which meant that the lowest percentage of Americans actually had jobs in 25 years.  But things had “improved” under Obama’s watch so that by August of 2011 it had plummeted to 63.9% and the worst in 27 years (the worst since January 1984).  But Obama kept working to “improve” things, such that by May of 2012 fewer Americans were actually working than at any time in 31 years.

And now Obama has “fundamentally transformed” the labor force again such that only 63.0% of working-age Americans are actually WORKING (and you can see how WONDERFUL it was in comparison when Bush was president in the Bureau of Labor Statistics chart here).

Forbes points out that during the last four years of Obama, you’ve got to go back FIFTY YEARS to find a worse four-year record.  Obama has failed America in the worst possible way.  And the American people know it in spite of what they’re being told by the “experts” who are nothing more than ideologue propagandists who might as well be working for Stalin.

BECAUSE OF OBAMA and his demonic failed policies, people are not working.  And the Americans who ARE working are mostly working part time jobs as they experience the ObamaCare hell of being 49ers (small businesses with more than fifty employees are cutting their workforce to be under the 50 employee limit to stay under the draconian ObamaCare regulations) and 29ers (whose work hours are cut to keep them below the full-time employee threshold so they don’t fall under the draconian ObamaCare regulations).

People are desperate.  So Obama and his Demonic Bureaucrats (i.e., Democrats) boast about the “recovery” while at the same time they point out things have never been WORSE than they are under Obama.

You deserve this, America.  You voted for the most wicked president in history and then actually voted to RE-ELECT him.  You voted for a baby-killing murderer with the blood of 55 million murdered babies on his hands.  You voted for a sodomite worshiper who lied about his stance on gay marriage only to put his “morality” above God’s and say what God declared to be an ABOMINATION is a good thing.

Updated January 10, 2014: Hi there, kids in TV land!  Just wanted to refresh you on the very latest Obama “fundamental transformation”: the labor participation rate – the best measure of how well or how truly godawful an economy is doing to create jobs – is now 62.8 percent.  That’s right, it aint Bush, it’s Obama who has brought America to low after low after low and has now degenerated America to the worst labor participation rate in 35 years (i.e., since 1978).

Again, you deserve this, America.  And more of what you deserve is coming for your baby killing, sodomite worshiping, demon-possessed president voting ways.

It was Obama’s reverend who put it best: “No, no, no!  NOT God bless America!  God DAMN America!”

You voted for it, and you got what you voted for.

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10 Responses to “The American People Are RIGHT And The Media Is LYING: The Obama Economy Is MISERABLE”

  1. Richard M Nixon (Deceased) Says:

    Reblogged this on Dead Citizen's Rights Society.

  2. Michael Eden Says:

    Thanks, Richard M Nixon (Deceased). Appreciate it.

  3. Truth unites... And divides Says:

    Two major differences between BDS and ODS.

    1. Bush Derangement Syndrome had a false foundation. ODS has a firm, factual foundation.

    2. More people, more media people believe in Bush bashing. More people, more media folks disdain Obama truth-tellers.

  4. Michael Eden Says:

    Truth unites… And divides,

    As wicked as Democrats are, they still pale in comparison to the even MORE depraved “reporters” and “journalists” who boast of their “objectivity” but in fact are propagandists right out of the Joseph Goebbels School of “Journalism.”

    It will be these mainstream media types who occupy the bottom floors of hell because they passed themselves off as something they were not and intentionally deceived people.

    We see this with the homosexual rights movement: it’s not the people who are perverting American history, the history of Western Civilization, the history of Judeo-Christianity and even the history of the entire HUMAN RACE who are the “bigoted” and “intolerant” people. No, it’s the people who are trying to maintain the value system that all of human history has held that are “intolerant.” It is simply amazing how stupid people have to be to believe that.

    Show me where ANY NATION EVER practiced homosexual marriage. It NEVER happened.

    But liberals are people with a visceral hatred and contempt for history, for facts and for reality.

    And their reporters report lies in place of truth on a regular basis.

    So George W. Bush was a failure for having an economy that makes Barack Hussein Obama’s look like a Paradise Utopia in comparison and Barack Obama is some kind of greatest leader ever for having one of the most fouled up economies EVER. Because liberals are demon-possessed fools who lack any kind of integrity, or honor, or virtue, or decency whatsoever.

  5. Dog Walker Says:

    Stock market is doing ok. Doing good actually. I don’t imagine that does your average Joe any good though. Democrats will use that to manipulate their base and to recruit though.

  6. Michael Eden Says:

    Dog Walker,

    The stock market is doing good because of trillions of dollars of money printed out of thin air or borrowed from China have gone to support the stock market. The investor class (i.e. the rich) are getting fat off of that largesse.

    But that comes at the expense of artificially low interest rates that punish savers. It comes at the expense of massive devaluation of the dollar that also punishes savers. Anybody who tries to save a buck (mostly the elderly and the poor) suffer.

    Ultimately it will come back to bite us big time.

    Obama has created the greatest rich vs. poor gap in history. And the liar has the balls to try to “pivot” to the very gap that HE CREATED.

  7. Dog Walker Says:

    I used to have a link to your best explanation, which was very good by the way, of the housing bubble and economic collapse. I had that linked on my facebook but lost it. Any suggestions.

  8. Michael Eden Says:

    Dog Walker,

    Well, I of course can’t tell you WHICH of the articles I wrote on that subject happens to be the one that you found the best. Because I actually wrote quite a few on that subject.

    Here are a couple of links that may be possible:

    https://startthinkingright.wordpress.com/2010/11/08/more-proof-democrats-destroyed-the-economy-in-2008-the-ongoing-fannie-maefreddie-mac-disaster/

    https://startthinkingright.wordpress.com/2010/10/19/it-was-democrats-who-blew-up-our-economy-in-2008/

    The second article features a number of links to other articles, and one of them may also be “the one.”

    Let me know if you find it with those. I’d be interested in which one you liked and why you liked it. If it’s not one of those, I’ll look a little bit more.

  9. FMC Says:

    Going back to 1971 and 1973, the years that the U.S. government officially cut the dollar from gold, it is pretty easy to see that stock market peaks and lows correlate strongly with the Fed’s interest rate cycle. The stock market is a likely path for easy money largely due to its great liquidity, although other asset classes such as real estate have been tremendously effected by Fed policy in the past, like the recent housing bubble. The fact is that the Fed is responsible for causing every bubble since I’ve been born 40 years ago.

    The Fed has stated that they will begin tapering the QE by a mere 10 billion per month. I often wonder how long this will last and if they will get more aggressive with the tapering, ultimately ending it in the coming months. I don’t know if they can, especially with the massive government borrowing that still persists, but we shall see.

    Anyway, I think the stock market will continue to do well for the foreseeable future. A lot of money has been put into bonds in the wake of the 08′ collapse, not just in the U.S. but all over the world (see Japan). Money is coming out of bonds at an increasing rate and seeking a place to go. This liquidity coming from bonds will continue to support the stock market.

    Unfortunately, as the stock market continues to outperform, the average guy will fall further behind. I think jobs will continue to be a problem and I think that food prices could start to climb again. Oh, and there is that “Affordable Care Act.”

  10. Michael Eden Says:

    FMC,

    Outstanding comment. And you are completely correct: the stock market peaks and lows correlate strongly with the Fed’s interest rate cycle. Which is another way of saying that it is an entirely artificial entity that only is sustained in the short term by doing what is catastrophically harmful to the long term.

    The US economy is in (and has been, though Obama’s Fed policies have made it far, FAR worse!!!) a vicious cycle. If any future president tries to do the right thing with Fed policy and allows the interest rate to “float” to the proper level to truly sustain the economy in the long term, the stock market will suffer a short-term crash that will have the Democrats screaming for blood. So rest assured that no president will EVER do the right thing. Which means America is doomed in the longer term.

    And there is absolutely NO question that the only people “making it” in Obama’s economy is the investor class. The poor and the middle class are getting left behind and – judging by the diminishing net income and the widening wealth gap (made FAR worse under Obama!!!) – the rich that Obama got into office demagoguing are flourishing in this liar’s crony capitalist fascist policies.

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