Tag Archives: recession

Inflation is Here

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The spin-meisters in charge of computing the CPI claim that prices haven’t gone up, but everyone who buys groceries knows they have. Milk has gone up. Cornmeal and flour have gone up. Eggs went up. Cheese and meat doubled in the last two years. Even beer and wine are more. But the CPI is stagnant, even declining.

If you can accept the truth of what you see with your own eyes at the grocery store, then maybe you are ready to understand how inflation works.

Step 1: Print more money.

Click through for more.

Amplify’d from rightnetwork.com
Weimar

Bread costs more, now, and so does milk and meat. Gasoline is a bit higher; a chain reaction has started, and now everything is higher-priced. What isn’t getting more “dear” probably will be soon.

Why? Well, part of it goes with rising petroleum prices. In particular, gasoline has gone up, and that often has an immediate impact on grocery staples such as grain products. After all, farming is gasoline-intensive—and your supermarket could only absorb so much on its own before it had to pass some of those increased prices on to you. Recession or no recession.

Read more at rightnetwork.com
 
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January 3, 2007: The Day the Democrats Took Over Congress

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Just in case you have forgotten….a little reminder is in order!!!!!

January 3rd, 2007 was the day the Democrats took over the United States Senate and the House of Representatives.

At the time:

  • The DOW Jones closed at 12,621.77

  • The GDP for the previous quarter was 3.5%

  • The Unemployment rate was 4.6%

  • George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember the day…

  • January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

The economic meltdown that happened 15 months later was in what part of the economy?

  • BANKING AND FINANCIAL SERVICES!!!

Bush asked Congress 17 TIMES to regulate Fannie & Freddie—starting in 2001—because their behavior was financially risky for the US economy. Barney Frank said he would rather “roll the dice” on their viability.

THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from the Democrat Party Fannie Mae and Freddie Mac slush fund fiascos!

And who took the top three highest pay-offs from Fannie Mae AND Freddie Mac over the period from 1989 to 2008?

  1. Christopher Dodd

  2. Barack Obama

  3. John Kerry

Notice how Barack Obama made it to #2 in two years as a Senator, while both Kerry and Dodd required 20 years to get to their #1 and #3 positions! Fannie Mae and Freddie Mac must have loved them some Barack Obama!

And who fought against reform of Fannie and Freddie???

  • Frank, Dodd, Obama, and the rest of the Democratic Congress

So when some one tries to blame Bush remember January 3rd, 2007…. the day the Democrats took over Congress! Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel: They were driving.

So while George W. Bush has plenty to answer for, he was not the one who set the US economy on the road to ruin. That took putting the Democrats in charge. I think we have now started to see the change that Obama was planning to inflict on the people of the US. It started in 2007 and just keeps getting worse every day. Set the record straight on the Democrat Controlled Congress of 2007 to 2010!

If something is not done, everyone who is poor or middle class will be returning to their hot dogs and beans days. Not Obama though. He will continue to enjoy his taxpayer funded feasts of Wagyu beef and Cape Cod lobster.

h/t: Stix

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Poverty Soars Thanks to Democrats in Congress

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Since the Democrats took control of the budgetary powers of Congress in 2007 poverty in America has soared. 2009 levels were at their highest point in over 50 years. The number of people without health insurance rose to its highest level too.

It even makes you wonder if there is a connection between the Democratic Congress’s wholesale destruction of the economy and the cramdown of the healthcare bill against the wishes of 70% of Americans.

Amplify’d from www.washingtonpost.com

In the second year of a brutal recession, the ranks of the American poor soared to their highest level in half a century and millions more are barely avoiding falling below the poverty line, the Census Bureau reported Thursday.

About 44 million Americans – one in seven – lived last year in homes in which the income was below the poverty level, which is about $22,000 for a family of four. That is the largest number of people since the census began tracking poverty 51 years ago.

The snapshot captured by the census for 2009, the first year of the Obama presidency, shows an America in the throes of economic upheaval.

Since 2007, the year before the recession kicked into gear, the country has almost 4 million fewer wage-earners. There are more children growing up poor. And for the first time since the government began tracking health insurance in 1987, the number of people who have health coverage declined, as people lost jobs with health benefits or employers stopped offering it.

Read more at www.washingtonpost.com
 
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