Midknight Review -- new and revised: Here is what is happening in the four nation region we call "The U.K."

The U.K. (pictured left) saw its economy shrank in the first quarter as Britain (read: "Great Britain") slid into the first double-dip recession since the 1970s, forcing England's Prime Minister David Cameron to defend his spending cuts in Parliament.

GDP for the four nation region, fell 0.2 percent from the fourth quarter of 2011, when it declined 0.3 percent. Understand that the official definition for "recession" is two negative GDP quarters, back to back. That just happened in the UK.

The impact on America is not yet known, but many believe our recovery is strong enough to resist the recessionary pressures coming from Europe. Still, the numbers in the US are down for consumer confidence, housing and employment. Our GDP for the first quarter came in at 1.8 percent - another anemic performance, and, we have averaged under 2% GDP for nearly two years.

Our unemployment percentage is 10.9% using the same workforce numbers of 2009, and more than 2 million jobs have actually been lost. Understand that this last report ("2 million jobs . . . lost") reference job openings . . . . there are 2 million fewer jobs to go around, in today's economy. The workforce (unofficial) continues to grow at a rate of about 95,000 per month, but the business community has consolidated to such an extent, that there is not enough work to supply jobs for our growing workforce.

Point of post: we are concerned that Europe might trigger more difficult times, here, in the United States. Obama is oblivious to all this, choosing to implement his high dollar take-over of the America we know - the recession be damned. This is his time and the recession is not going to stand in his way. Nearly everyone with a brain on the Left and the Right know that now is not the time to raise taxes on anyone; now is not the time to add to the regulatory burden of small business; now is not the time break even more promises. Liberals such as Bill Clinton and Mort Zuckerman, know this to be true and have been trying to make this argument for the past year and a half, to no avail. Obviously, Obama 's ears are just there for decoration, since he does not use those big floppies to listen.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Here is what is happening in the four nation region we call "The U.K." - and it is not good for the U.S.

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