We are being told by our president, his cabinet and his supporters, that the economy is the best since the founding of our nation. From their rhetoric, you'd think every American has $100 bills falling out of their pockets. I am amazed how many people believe this BS since the writing is on the wall. I will not rehash data from pasts posts about unemployment, taxes and so on. It is all there if you would like to read it. Let's just look at the simple, third grade data in the news most recently.
I just read today that factory orders were down in January for the 2nd consecutive month - somewhat understandable since factory production is usually reduced around the holidays, but earlier this week, I heard that February retail spending was also down for the fourth consecutive month. This is a little more interesting for a couple reasons. First, we heard over and over about how year over year retail revenues were up over the Christmas holiday. This news was used by the president in speech after speech. Chances are, if you ask the average person on the street, he/she will tell you that holiday sales were up and that the economy is back, baby. The other thing to consider is how each year between February and May or June, the economy spikes as people receive and spend their tax refund money, but so far this year, we are not seeing the spike. It could be that everyone is using their refund money to pay down debt or adding it to their savings...yeah right.
What is more likely is that refunds are down, first because people that did not have health insurance may have had their refund confiscated by the fed, under the guise of a "fine". Now, tax refunds, combined with lower gas prices should produce some great economic numbers, and again, the president would have you believe the streets are paved with gold. Of course he believes this because he spends your money as if they were.
So where is all this money going? Well, while gas prices are down, they are starting to creep back up. We are also seeing food prices and health insurance premiums climbing like a rocket. Now, you ask, why are we not being told this by the president or the media. Of course our president will not admit that his namesake healthcare program is sucking our wallets dry but there is more to this than the president's image, because no matter what we think, he will always believe he is smarter than all of us and knows what is best. The reason we are not hearing the details is because we are going to have his hands in our pockets again. Our president (and congress) see an opportunity to raise taxes - at least fuel and income tax, but there may be more. If everyone believes the economy is great, they will never deny a tax increase.
Are people this stupid? YES!!! Some people really are this stupid. These people do not believe gas prices will go back up - they're wrong. These people still can't pay their bills, but they believe the economy is great - because the president says so. Seriously, get your head out of the sand.
The democratic party is famous for smoke and mirrors economics. They have been doing this for decades and they have always been lying to the citizens. As we learned from Obamacare, they rely on the "stupidity of the American people" to pass their ideas. It's time for everyone to take a smart pill, pick up a newspaper - real or virtual, and learn the truth. Do not rely on one paper, read a few. You may need to do some math and research back issues for a few years but it will be an education worthy of the time. It is time for Americans to learn just how fragile our economy really is.
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