Why the "recovery" is Obama's worst nightmare.

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<<< Progressive-ism  is NOT an economic theory,  only a methodology for the redistribution of wealth without regard for a sustainable national economy.  

As reported in USA Today:  “It’s not going to stop me from doing what I think needs to be done in order to help families all across this country," ~ Obama, July 31,2014. 

And, so,  the empty threat of “transformation by dictate” continues.  And exactly how have our lives been changed for the better,  by this stupidity? 

Fewer Americans are participating in the national workforce than before 1978.  Bush averaged less than a 5% unemployment rate throughout his two terms,  including 2008,  with a much larger workforce  (6 to 7 million more Americans than at the present time.) 

The economy ran a 2.9% decline for the 1Q and a 4% increase for the 2Q before the next two revisions.   If past revisions are a model,  the next two revisions will bring this increase down . . .   perhaps to a 2.5% increase,  which would put the economy chugging along at recessionary rates.  Over the past 12 months,  the economy has averaged 2.4% growth,  month over month,  in terms of our Gross Domestic production rates (GDP).  This is the slowest recovery in modern-day history,  and Obama wants to brag about what he has done in terms of economic recovery?!!!

Our transportation fuel price-at-the-pump remains at record highs,  the most Americans have spent on fuel over any five year period  . . . . .  the most ever. 

And this thoughtless,  anti-Middle Class buffoon, is doing the same thing to residential heating fuels, all along the North East coast.  Before he is out of office,  millions of Americans,  many of them Democrat voters,  will know exactly how bad he has been for the country and their pocket books,  and the Socialist Earth Savers will have nowhere to hide. 

Projections for ObamaCare’s first term sign-ups was to have been 18 million enrollees.  The Administration came up with a “shockingly high,” eight million,  but insurance companies can only confirm 5.5 million,  and 87% of these people receive subsidies for the favor of enrollment.  And the GAO has condemned ObamaCare as a massive failure due to mismanagement.  (GAO = Government Accounting Office).  

Obama claims 8 to 9 million “jobs created” as if he had anything to do with that made up stat,  but fails  -  in the same breath – to remind the listeners that more people have left the work force during that same period of time.  Net number of people put back to work?  Close to Zero. 

The private economy is producing jobs,  but at a rate slightly higher that the monthly increase in new workers.  Because of economic improvement,  such as it is,  the inflation rate,  which this Administration has been lying about for years,  is about to go through the roof.  Heard that before?  Of course you have,  but,  understand that the federal interest rate on our money,  has been a record lows since Obama.  With the increase of jobs,  again, meager as that might be,  comes the realization that interest rates will increase.  Why?  Not the point of this post.  Just know that an increasing jobs market will bring higher rates for money lent to buyers and investors,  private and corporate.  And with that,  a slow down of the economy,  or,  at least,  that is the fear.  

Understand that only bright light in this “recovery,”  has been Wall Street.  Since 2009,  the Street has profited from a thing called Quantitative Easing.  Now that this period of free credit/”money” is coming to an end,  the economy is about to take another huge hit. 

Doom and gloom?  Who really knows,  but things are about to change.   I do not believe the Dems are going to escape the coming results of a prolonged,  sick economy.  Time will tell,  but know this:  Progressive-ism  is NOT an economic theory,  only a methodology for the redistribution of wealth without regard for a sustainable national economy.