Skip to comments.Horror for US Economy as Data Falls off Cliff
Posted on 06/01/2011 4:06:55 PM PDT by MissesBushEdited on 06/01/2011 4:26:23 PM PDT by Admin Moderator. [history]
The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.
"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.
(Excerpt) Read more at cnbc.com ...
“has disappointed expectations “
The new “unexpected”?
When it all falls down, our society, currency, institutions, what will occur? Will the people demand freedom or a strong man to restore order on any terms?
Count on the second option. We are too debased for anything else.
We propose a One World Currency to solve all these problem!
Those "bitter" citizens who "cling to guns and religion" will know better.
The American Idol Watchers/Illegal Squatters/Limousine Liberals/MSM Whores/Ghetto Trash/Tax Takers will go for Option B......big time.
Hey. What harm can a "strong man" do?
Stimulus = vibrator. Wankery instead of the vital connection of impregnation. Result = stain on sheet, rather than renewal and revitalization.
Hope won't change the economy.
We will demand LIBERTY, there are still some ol’ boys that can run a trout line and skin a buck that ain’t gunna take anything less.
Try as they might, they can’t completely cover up the fact that we are in an economic depression. They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.
But the underlying fundamaentals are horrible and there is no hiding them for long - they keep popping up.
We are in a depression. I think it is telling how bad a depression we are in that the entire might of a nation’s propaganda machine and banking sector can’t completely hide the magnitude and depth.
They will fool less and less people As the depression lingers and deepens. I have no clue when we get out of this thing. I only know that our “service economy” is not the thing to get us out of it. Previous returns to economic health came from real investment, from real production. Now, all they can do is blow another bubble. Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.
Yep he definitely has MY vote in 2012! /Holy Moly Major Sarc!
Jimma', YOU are a savior in comparison!
Thank GAWD we have FREE health care now to get us through all this!
Is it obama’s fault yet?
That depends upon who counts the votes....
Nope, it's still the best situation that any living being could ask for BECAUSE of the messiah!
Without him it would be 10 times as bad! /MS
Screw Captain Zero. Do not raise the debt limit and make real cuts to the budget and toss this POS monkey eared incompetent out in 2012.
“They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Streets health is proof of economic recovery.”
I have said for the last two years that Wall Street is nothing more then a scam, controlled by a hand full of criminal fat cats like George Soros.
I know we have one member that is always reporting economic and market and “double dip” news, but it is worthless news,
and the double dip is nothing but one big sinkhole.
One side note, when I see a photo of Obumbo, like the one Sky Pilot posted, I get sick at my stomach.
Obmumbo’s expression reeks with contempt from Hell.
It’s not *just* 0bama killing our economy...state and city regulations are likewise choking businesses. It takes pages of paperwork to start any new business these days, compliance with onerous zoning, bans against smoking, insurance, taxes on sales property and income, multiple commissions/bureaucracies “Signing off” on your concept, etc.
Can you just go handmake a gun and sell it from your garage? No. Mounds of paperwork and federal/state/city compliance reqs.
Can you just go make a cigarette and sell it from your basement? Not a chance. Tons of paperwork and lots of delays dealing with bureaucracies.
Booze? Gotta get special permits to make it or to sell it, and not every location is “zoned” to allow you to do business with it.
At every turn, Americans are regulating our economy out of business.
Want to build a micro-power-plant to sell electricity to your local grocery store? It would cost you more to process the permit applications than to buy the generators, windmills, and solar panels.
He can engineer an enemy attack on our shores just like FDR did.
Haven’t you heard? It will be Bush’s fault for at least 6 more years.