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The Incredible Shrinking Economy

It wasn’t too long ago that I heard this administration’s spokesboy, Jay “the Misleader” Carney speaking to his media zombies about how the economy is improving. The Royal One campaigned on the notion that the economy was growing just fine, Government Motors was alive, union manufacturing was producing. All was good on the financial front.

After the election, the numbers started coming in. They showed that the unemployment rate started ticking back up. Reports of companies’ plans of cutting employees began appearing. Of course, the administration’s response was to decree that henceforth, full-time hours were 30 hours or more. Employers announced plans to bring workers’ hours down to 29 hours to avoid Obamacare regulations. Then there were the military contractors who were going to have to lay off thousands of people due to sequestration. Still, the national debt clock rolled forward.

The first part of January 2013 brought the further kicking of the crumpled can down the road and a delay of the military cuts until May. The Obama Taxes kicked in, meaning companies received a higher tax rate, those making $400,000 or more received a tax increase and anyone receiving a paycheck got less take-home pay. The smaller net pay for everyone was a shock to many as they remembered the Royal One saying no one in the middle class would pay one cent more.

Yesterday, the GDP report announced that Gross Domestic Product during the last quarter shrunk 0.1%. The Lame Stream Media immediately went to work spinning, saying the recovery is still going on and that the report didn’t indicate a looming recession. Today, the unemployment number came out showing higher jobless claims than expected.

Shocking was the most-used word in describing both reports. “Experts” had expected a dip from the 3.1% GDP the preceding quarter to between 1.5-2% the last quarter of the year surprised them. Also surprising was the unemployment numbers, about 50,000 higher than expected. So much for the experts. It came as no surprise to me.

Senate Majority Leader Harry Reid took to the podium this morning to proclaim the country was still in a recovery and the negative GDP report was repudiation of the Republican austerity plans. This argument is getting very tired. What austerity is he referring to? There have been NO cuts to spending! This is a direct result of the Royal One’s administration, aided by the socialistic members of the Senate. Their plan to spend the country into oblivion is working! The Royal One constantly talks about the shrinking middle class. It’s shrinking into non-existence to form only two classes: those completely dependent on the government and those to be taxed! Meanwhile, as the economy tanks, the zombie media reports on the struggles with gun control and immigration.

If things continue according to the Royal One’s plans, more companies will fail, more people will lose their jobs and the national debt clock rolls on. The talking heads all say that what is happening in Greece cannot happen here. Yes, it can and we keep approaching that point. We have a spending problem, despite the comical antics of Senator Mary Landrieu (D-La) yesterday shouting that Congress doesn’t have a spending problem. We have a couple of months before the debt ceiling argument becomes critical again. Contact your Representative and Senators and express your demands for actual cuts in the spending and a balanced budget. Tell them no to increasing the debt ceiling. Our shrinking economy requires it!

Tags: Economy

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Contributor Comment by Erich Dunkelberger on February 4, 2013 at 9:58am: Another credit downgrade will happen by the middle of this year!

Comment by Phil McConathy on February 3, 2013 at 4:03pm: A credit down grade will occur in 2016. We can't continue to spend at these levels without a major economic crisis. Unemployment will continue to rise and the number of people dropping out of the workforce because they have given up on a job will occur.

Comment by Debrajoe Smith-Beatty on January 31, 2013 at 4:03pm: We can expect a third credit down grade soon.

Comment by Russell Fowler on January 31, 2013 at 3:52pm: With employment getting worst, you can be there will be more crime in the coming months.

Comment by James Reginald Warner on January 31, 2013 at 3:40pm: I'll tell you what is shrinking along with the economy.A lack of leadership.

Comment by Marc Jeric on January 31, 2013 at 3:37pm: As a former refugee from a communist hell I am reminded of the basic power structure in a communist regime:

1)   Secretary General of the Party – Barack Hussein Obama;

2)   Politburo – his 44 czars (i.e., commissars, all unelected) in the White House;

3)   Agit-Prop Office directed by the Politburo - charged with far-left agitation and propaganda, consisting of our Main Stream Media: ABC, CBS, NBC, MSNBC, NPR, PBS, CNN, MTV, Associated Press, Reuters, NY Times, Washington Post, LA Times, Boston Globe, and many local TV and radio stations and newspapers;

4)   Central Committee – Democrat Party representatives in Congress;

5)   Enforcement Branch – Department of Justice under that far-left racist Attorney General Eric Holder and his 25 new assistant AG’s, formerly ACLU lawyers-defendants of Guantanamo terrorists;

6)   System of local community organizations (or soviets, as these were called in the defunct [thanks, RR!] Soviet Union) under orders by the Secretary General Obama, soon to be armed as he had promised (“What we need is the domestic military with a budget as big as that of the Pentagon”);

7)   Party program of disarming the general population (as per Stalin in 1926, per Hitler in 1938, per Mao in 1948), with the first step in that program accomplished by the 23 Executive Orders issued by Obama on January 16, 2013; after this first step the complete annulment of the 2^nd Amendment will follow.

8)   Establishment of jihadist regimes under the Arab Spring program (done in Tunisia, Libya, Egypt; still to go in Syria, Yemen, Lebanon, Gaza, West Bank, Afghanistan, Iraq, Jordan), and with help of the existing jihadist regimes in Turkey, Sudan, and Iran to proceed to the destruction of Israel and the associated mass murder of all Jews ("progeny of apes and pigs") there under a close supervision provided by Kerry, Brennan, and Hagel. The Benghazi murder cover-up interrupted temporarily the transfer of arms to the Syrian jihadists; but it will continue after that interruption; Egyptian jihadists received 20 fighter jets and 200 tanks as Obama’s personal gift. This work will then inevitably earn Obama his second Nobel Piece Prize (his time for a real accomplishment – not like the first one given only on the basis of Hope & Change).

9) We are well on the way to the bright future of socialism, or, rather, communism. What is left to do in the near future, after the nationalization of our health care system, is to nationalize our energy (oil & gas, coal, electricity companies) and transportation (trains, trucks, airlines) industries under the “Cap and Trade” regime imposed by the Global Warming Hoax (which, after 16 years of cooling, turned into the Climate Change Scam).

10) Gigantic amnesty for some 15 million illegal aliens without any enforcement of borders; a double victory for our communists – more votes, more welfare dependents.