COMPARISONS OF AN ECONOMY

Just after "THE" September 11, the U.S. economy naturally took a large dip as we entered two different theatres of war offensives. The unemployment rate was a whopping 5.2%, interest rates rose to a twenty year high of 8%. The press had a field day at Mr. Bush's expense as these were his problems at the time. Keep in mind that even with these statistics the economy was in the midst of its greatest expansion in history (thanks to RWR and his tax-lowering policies a generation earlier).

After this dip passed the U.S. went through a fifty-two consecutive month period of economic growth. Interest rates were low as were gas prices and unemployment rates. Housing boomed, incomes rose, jobs were created, etc. Then, the burst of the housing bubble and speculating in the oil market drove up gas prises and the economy tumbled. Even with this, interest rates were back up to only 7.25% or so and unemployment was a staggering 4.9% or so and the stock market crashed.

Now we have a knew President with his own party in majorities in both houses of Congress. They all exclaimed "watch us get things done now"! "Yes we can". Well, in seven short months, unemployment is over 9.5% (nationally, I just heard that here in Beloit, WI it's over 16%) and losing 450,00 jobs per month, house foreclosures at at an all-time high, bankruptcies are up 30% and the national deficit has reached $3,000,000,000,000.00! That's actual money we, the people of the U.S. are responsible to make up at some time. That's about $7700 for every person in this country - not every adult, not every taxpayer, every person.

With an economy this poor one would assume a journalism corps as technologically advanced as ours is in the U.S. would have every editor clamoring for the heads of the President, the Speaker of the House and the Senate Majority Leader, right? Not in 2009! We have a press corps full of sycophants, apologists and economic law deniers! They didn't even question a statement the administration made to the effect of "a rise in bankruptcies is good, that way more people will be free of their large financial obligations an can buy stuff. After all, this is a consumer-driven economy and buying stuff is good".

And now this same press corps is actually leading the cheers for the government to assume control of 17% more of the economy in the way of health care, without asking many questions at all. Amazing!

IDIOTS!!!