From the article
“So it appears that Obama’s reelection strategy hinges on asking people to believe the data he puts before them rather than the evidence of their own eyes. It won’t work.”
Morris forgets he is talking about a Whitney Houston, Micheal Jackson culture
If they continue to "enable" the current "emperor" by going along with his fairy tale "recovery," then all the so-called "progressives" are assuring that their grandchildren's children will live under oppression and tyranny.
Once, in America, lived an enlightened generation who dreamed of liberty, individual opportunity, prosperity and plenty, where their posterity could enjoy "the Blessings of Liberty" under their own Constitutionally-limited government.
Their work lasted for more than 200 years. . . . and then came "the emperor with no clothes" and his willing entourage of enablers.
vs Bernake
Mon, Feb 13 2012
Bernanke Not Fooled by Recent Unemployment Gains
http://www.fxstreet.com/fundamental/analysis-reports/market-pulse-fx/2012/02/13/02/
In his testimony before the Senate Budget Committee last week, Bernanke said that even with an improving outlook, the U.S. economy will grow at a “sluggish” rate for the remainder of the year.
The job numbers are up but the tax revenues from those jobs are down. So the jobs suck and are part time and temp jobs. Again the tax revenues are going down, so the economy is getting worse.
The majority will believe anything spoon fed to them over the network “News”. Only a small minority of Americans do any research into facts about the economy, politics, etc...
Bread (food stamps, welfare, govt handouts), and circuses (reality shows, talent shows, sports, etc...), and a complicit media will win Zero another 4 years ... count on it.
QE3 is coming mid-2012 as the economy will be slow again. Bernanke has made the comment that he is not impressed by the recovery and that the economy will be slow, which is the big clue. There will be a Great Depression in about 2-3 years after the latest printing of money to induce inflation in order to stave off the coming deflation. The next market bust will be in retirement savings. Plan accordingly. Buy annuities (like what happened in the 30s) when the T-bonds interest rates reach 4%. Also stop stocking up on gold like an idiot and put your money into cold hard cash. The FED will not be able to do a QE4 as this will be just too much. Watch how the bond market is in southern Europe at this time. This is how the US market will act when deflation hits.
Social Security is dead meat. Over $60 trillion of baby-boomer entitlements will go unpaid. It is the real crisis even more than the national debt that the US will deal with and that Paul Ryan is trying to bring attention to.
Again a Great Depression is on its way in less than 5 years perhaps and we will have the deflation that the FED has been putting off for years. The deleveraging of the huge private debt is causing deflation. Get ready.