The True Cost Of Obama's Recovery

Here's a graph of the true cost of the Obama "Recovery".  It's ugly...

While there have been jobs created very nearly ALL are low paying service sector jobs.  Manufacturing and construction have been decimated. 

– Lower-wage occupations were 21 percent of recession losses, but 58 percent of recovery growth.
– Mid-wage occupations were 60 percent of recession losses, but only 22 percent of recovery growth.

Under employment is now credited to be upwards of 24 million people.  That's nearly 8% of the TOTAL population. Think about that for a moment.  When you put that at the percentage of people who are able to work, that percentage doubles to somewhere around 16%...that's depression era levels of unemployment. 

I suspect that the polls that show Obama as leading...are badly skewed....and that Romney will win by an even greater margin than Obama did in 2008. 

Why Democrats Are Losing in Politics

Rick Santelli gives a great explaination on just why Democrats are losing their grip on...not just Congress, but reality.



Hot Air, gives the best concise reasons why businesses aren't expanding and hiring again, despite the recession having ended almost two years ago.

We’re not seeing growth because of the hostile environment for investors, and a lack of consumer demand related to high unemployment. We could solve those tomorrow by reducing regulation (especially the arbitrary ObamaCare legislation that makes risk calculation nearly impossible), unfettering American energy exploration and extraction to create jobs and lower energy costs, and reform the tax system to put all investors on an even playing field and reduce the corporatism that drags down small-business creation and innovation. We don’t need social engineers tinkering with the economic system to achieve their notion of “fairness” — we need actual economic growth, which the social engineers have proven completely incompetent at delivering. {emphasis is mine, Ed.}

 That's why the Democratic party is losing in the market place of ideas in America.  They just  don't get it.  The GOP has an inkling of what's wrong, but the leadership in Washington has sold their souls by "going along to get along" for so long, that they're very nearly as corrupt as the Democrats.  Bottom line?  Ezra Klein is an idiot who  doesn't understand the very basics of economics or economic theory, but he often pontificates as if he does..."fairness"...what an idiot.

Hat tip to the BlogFather

The Tipping Point....?????

I live in metropolitan Baltimore area.  In the past several months, I and my wife have struggled to get by.  Rising prices of basic staples such as...bread, beef, chicken combined with a steep rise in the cost of gasoline-diesel have nearly pushed us back over the edge.  The Obama administration and their enabler's in the MSM would have us believe that we're not on the brink of another recession, but we are.

The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners....With gas prices now standing at about $3.90 a gallon, energy costs have now passed 6 percent of spending—a level that Johnson says is a "tipping point" for consumers. "Energy is not quite as essential as food and water, but is a necessity in today's economy, and when gasoline costs more than bottled water—like now—then it takes a huge bite out of disposable spending," he said, in a research note.

I personally, can't afford another recession as the last one has rendered me nearly desitute.