Op-ed:
Scandals galore but don't forget about the economy...which ain't good by the way
By: Diane Sori
Scandals galore but don't forget about the economy...which ain't good by the way
By: Diane Sori
While we’re all enmeshed in the scandals plaguing this White House,
and rightly so, lets NOT lose sight that whatever we’re being force-fed
by the Obama administration about how the economy is improving is as
much a lie as as Obama saying, “I have NO idea what those in my
administration are doing.”
And while the stock market is still breaking all records, remember that with record highs will eventually come record lows. And those lows could very well lead to a collapse in the dollar causing interest rates to rise to highs NOT seen in years.
Raise the interest rates while the dollar collapses and there goes the US economy straight into the toilet.
And all Obama’s feel good bloviations, misleading and misrepresented jobs numbers, along with the stock market currently on a bull run are in reality signs of a phony non-existent economic recovery, because we’re still $16+ trillion in debt, and the Fed’s keep printing money with NO ‘treasure’ to back up what they’re printing.
‘Treasure’ meaning gold. Remember, until 1971 the US was on the gold standard, meaning for every dollar we had in circulation we had an equal amount stored in gold to back it up. However, when Nixon took us off the gold standard he left our money to now be backed by the credibility of the US government and the strength of the US economy. And with the gold we currently have being maintained as an internal reserve functioning as collateral for various international loans, our economy is really NOT improving as much as Obama tries to make us believe it is.
And he can try to fool ‘We the People’ all he wants but the fact is
that with our enormous debt coupled with the Feds printing paper money
like there’s NO tomorrow with little or NO reserves or ‘treasure’ to
back it, our paper money has become ‘fiat money’ based solely on faith,
and could become worthless due to hyperinflation. And if people lose
faith in our paper money…in our dollar…the money won’t be worth the
paper it’s printed on.
And adding to these economic woes is that even with the slight increase in number of jobs gained (165,000 last month to bring the unemployment number to 7.5% basically unchanged from the
previous month's 7.6% number), there are still 11.7 million Americans unemployed, with an increase (278,000 up to 7.9 million) in people employed part-time because their hours were cut back or they were unable to find full-time employment. And don’t forget the 2.3 million people who looked for a job in the past 12 months that were not included in the jobs numbers because they had dropped out of the job market.
Can’t blame them really for there simply are NO jobs of substance.
And here’s a little bit of happiness to add into this mix from Obama’s very own ubber left… according to Adam Hersh, an economist at the Center for American Progress, a liberal think tank, at the current pace of job growth, the US economy won’t reach full employment until 2021, proving Obama’s economic policies still are NOT providing the robust economic growth and job creation he promised they would nor will they ever because this man simply has NO idea how to run a business, and the US economy is indeed a business.
And there’s even more to be angry about as the U-6 unemployment rate (which includes the jobless and those working part-time because they can’t find anything better), rose to 13.9%, and the African-American unemployment rate was 13.2%...gee, Obama has done so much for his people (said with sarcasm).
Also, the unemployment rate for those with less than a high-school diploma was 11.6%, and to cap it all off about 4.4 million people have been out of work 27 weeks or more, making this jobs-market recovery (under this miserable excuse of a president) the worst since the end of World War II.
And this is truly just as much an in-your-face scandal as ‘The Trifecta of Scandals’ for this is one that Obama can’t twist or dilute because numbers simply don’t lie.
So what does Obama do when he’s blind-sided by non-impressive
numbers…he of course blames the Republicans for NOT supporting his jobs
initiatives, while Republicans say, and correctly I might add, that
small businesses aren’t hiring because of ObamaCare and other new
regulations.
So thanks to Obama adding to our debt…having bills printing with NO 'treasure' to back it…and manipulating the jobs numbers… pretty soon our economy will indeed collapse. And Barack HUSSEIN Obama’s goal of having destroyed our economy so he can rebuild it in true socialist fashion will have been reached giving new meaning to the word ‘scandal’.
And while the stock market is still breaking all records, remember that with record highs will eventually come record lows. And those lows could very well lead to a collapse in the dollar causing interest rates to rise to highs NOT seen in years.
Raise the interest rates while the dollar collapses and there goes the US economy straight into the toilet.
And all Obama’s feel good bloviations, misleading and misrepresented jobs numbers, along with the stock market currently on a bull run are in reality signs of a phony non-existent economic recovery, because we’re still $16+ trillion in debt, and the Fed’s keep printing money with NO ‘treasure’ to back up what they’re printing.
‘Treasure’ meaning gold. Remember, until 1971 the US was on the gold standard, meaning for every dollar we had in circulation we had an equal amount stored in gold to back it up. However, when Nixon took us off the gold standard he left our money to now be backed by the credibility of the US government and the strength of the US economy. And with the gold we currently have being maintained as an internal reserve functioning as collateral for various international loans, our economy is really NOT improving as much as Obama tries to make us believe it is.
And he can try to fool ‘We the People’ all he wants but the fact is
that with our enormous debt coupled with the Feds printing paper money
like there’s NO tomorrow with little or NO reserves or ‘treasure’ to
back it, our paper money has become ‘fiat money’ based solely on faith,
and could become worthless due to hyperinflation. And if people lose
faith in our paper money…in our dollar…the money won’t be worth the
paper it’s printed on.And adding to these economic woes is that even with the slight increase in number of jobs gained (165,000 last month to bring the unemployment number to 7.5% basically unchanged from the
previous month's 7.6% number), there are still 11.7 million Americans unemployed, with an increase (278,000 up to 7.9 million) in people employed part-time because their hours were cut back or they were unable to find full-time employment. And don’t forget the 2.3 million people who looked for a job in the past 12 months that were not included in the jobs numbers because they had dropped out of the job market.
Can’t blame them really for there simply are NO jobs of substance.
And here’s a little bit of happiness to add into this mix from Obama’s very own ubber left… according to Adam Hersh, an economist at the Center for American Progress, a liberal think tank, at the current pace of job growth, the US economy won’t reach full employment until 2021, proving Obama’s economic policies still are NOT providing the robust economic growth and job creation he promised they would nor will they ever because this man simply has NO idea how to run a business, and the US economy is indeed a business.
And there’s even more to be angry about as the U-6 unemployment rate (which includes the jobless and those working part-time because they can’t find anything better), rose to 13.9%, and the African-American unemployment rate was 13.2%...gee, Obama has done so much for his people (said with sarcasm).
Also, the unemployment rate for those with less than a high-school diploma was 11.6%, and to cap it all off about 4.4 million people have been out of work 27 weeks or more, making this jobs-market recovery (under this miserable excuse of a president) the worst since the end of World War II.
And this is truly just as much an in-your-face scandal as ‘The Trifecta of Scandals’ for this is one that Obama can’t twist or dilute because numbers simply don’t lie.
So what does Obama do when he’s blind-sided by non-impressive
numbers…he of course blames the Republicans for NOT supporting his jobs
initiatives, while Republicans say, and correctly I might add, that
small businesses aren’t hiring because of ObamaCare and other new
regulations.So thanks to Obama adding to our debt…having bills printing with NO 'treasure' to back it…and manipulating the jobs numbers… pretty soon our economy will indeed collapse. And Barack HUSSEIN Obama’s goal of having destroyed our economy so he can rebuild it in true socialist fashion will have been reached giving new meaning to the word ‘scandal’.
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2 comments:
Slowly, but the economy is improving.
Looking forward to your next positive and uplifting, what do you call, them *op-eds*
Don't know if you're being sarcastic or not but there is NOTHING improving or uplifting under this miserable excuse of a president. BTW, Op-ed means Opinion/Editorial, meaning it's my opinion put in editorial form.
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