Wednesday, January 30, 2013

State of Denial

The Obama Administration continues to trumpet the illusion that the economy is doing well.  It isn't, Today's 4th quarter GDP numbers point to a declining GDP, not a growing GDP.  The Obama enthusiasts in the media quickly found things within the report to like -- what else could they do?  But, the undeniable fact is the economy is going nowhere.

If it were only the tax increases.  But, there is so much more.  Obamacare is kicking in and the EPA is clamping down hard on the economy.   Meanwhile, Dodd-Frank implementation is destroying credit availability.  The combination of all these things seems to get the Obama folks where they want to be -- the destruction of the American economic engine.  They are succeeding.  This morning's numbers bear testament.  Stay tuned.

No comments: