The AP reported an economist saying today that rising unemployment claims last week shows that "We've definitely seen the economic recovery hit a wall". I suppose that IS a surprise for Kool-Aid drinkers who have actually been believing the nonsense that we've been in a recovery.
If you take government hiring out of the picture (which does NOTHING to build up the production of goods and services in the private sector which undergirds a healthy economy), the economy has been going nowhere for 1 1/2 years and has aruably gotten worse, not better.
State and local governments and, therefore, government spending have grown steadily throughout this current worst economy in our lifetimes. And their spending of OUR money has grown at a rate far, FAR beyond anything we've ever experienced in our history. The state and national debt that's been created (and continues to be expanded!) has sucked the life out of the patient.
Fannie, Freddy and the banking industry are still holding all those toxic sub-prime mortgages but in collusion with the US Congress have found clever ways of hiding it so it doesn't LOOK so bad any more. Did you think it just magically evaporated because you don't hear about it? It's still there and is still sucking life out of our economy. GM and other industries now owned by the government will not be able to contribute REAL growth now that they're owned by the Democrats so what economic good have we done by owning them? Unions have benefitted but not our economy. Which really matters more in the long run? C'mon, be realistic!
Realistically now, when has ANY big thing the federal government was responsible for done well? I'm open to proof they've done anything big well. How has Social Security done? Medicare? Medicaid, food stamp program, education? Democrats, mostly progressives, created all of them, expanded all of them beyond reason and proceeded to mismanage ALL of them. They're ALL(!) about to bankrupt the country! Doesn't that tell you ANYTHING? Now they own GM, other companies and the entire health care industry.
All together our government has control over half of our economic engine. How can a rational person honestly say that's not a formula for failure when every big program they've run for the past hundred years is going bankrupt? We're collectively insane to believe this is good and healthy for our country ... economically or with respect to our freedom and way of life our founders gave to us.
The Progressives that are currently running our country and gaining a stanglehold control over the economy and our lives in general are steering us down the EXACT same road that the EU is now try to find an exit from. Do you actually think that's not where we're headed now under this 'regime'? You'd better wake up to actual reality before your inattention has contributed to selling us down the socialistic rathole completely.
American Exceptionalism has created the most successful and generous country in history. While we've created some unfortunate pockets of exceptional wealth, we've done so much good around the world that no one else has come close to. And why have we? Because we were a strongly socialist country? Stop the focus on a few things wrong with our culture before you destroy all the good we've done and could yet do.
The current Progressive leadership in our country is steering us head-on into a "one world government", "one world economy", "one world judicial system", and "one world culture". With the FEW arguably good things that can do it WILL destroy the entreprenurial spirit and zeal that's been at the heart of this American economic engine which has, in turn, pulled our planet's countries through many hard times. NONE of the growing countries that are complaining about us would be enjoying such economic success if America hadn't the economic strength to buy their products. Think about that realistically. Where would they be if our economy had been toast (ie, socialistic) the past 30 years?
Good grief America! How can you live with this progressive, one-world course we're on? How can you accept that? In my lifetime, we're never settled for anything in this country but trying to be the best we can be at the level of the individual citizen. No other country has had the positive can-do spirit that we have. Do you really want to lose that? I guarantee you WILL when this one-world un-exceptional spirit takes firm hold here. There is much, MUCH more at stake here than you realize.
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