Skip to comments.America on Verge of Economic Collapse Because of Obama's Cooked Reports
Posted on 02/18/2012 11:56:59 PM PST by OneVike
The Obama administration has released an economic report that claims everything is coming up roses, and it is making the rounds of the MSM's news outlets. Truth is, when you look into the numbers, it's rather easy to come to the conclusion that the economic reports are as screwy as the administration's employment numbers. In order to convince Americans that his economic measures are working, Obama is claiming there has been an increase in retail sales from December to January by a seasonally adjusted .4%. The administration goes on to explain that while the economy is moving in a positive direction, it is still slow. They also point out that the recently reported gains reduced unemployment to 8.3%, proving that Socialist economic policies are working. However, Obama's unemployment numbers have since been proven to be lies. Have I stated that we are in an election year and that Obama needs to get re-elected in order to continue transforming the greatest country in the history of mankind into a Soviet style basket case? To assist in the destruction, the MSM has been knowingly repeating this administration's lies.
Instead of reporting how America's real unemployment is actually up between 19 and 25%, they report that Obama has been able to get unemployment down to 8.3%. Instead of reporting that the government is spending more money than it is taking in, and that retail sales have dropped by almost $100 billion from December to January, we are told by the administration's propaganda machine that retail sales have increased by .4%. In an election year, the MSM will do everything in their power to convince Americans that Obama is even greater than Ronald Reagan.
Monthly U.S. Total Gasoline Retail Deliveries By Refiners.
Note: the two low points are for October and November 2011, the most recent data.
Graphic: U.S. Energy Information Administration
By looking at the usage of gasoline by us citizens, you will notice that it really does back up my point that Americans are not going anywhere to buy anything. The refineries are not delivering gas to your local service station because neither you nor your neighbor are buying gas. We are staying home because our stagnant income does not allow us to put extra gas in our cars, let alone drive around to purchase things we cannot afford. Again, please notice the last two data points on the graph above. They point to a historic low amount of gas being used by Americans, which has a direct effect on the overall retail sales. Which in turn will affect the employment of Americans. So unless Americans begin buying more gas to go to the store, be prepared for the administration to offer up more bogus unemployment numbers like the ones I wrote about last week which Obama and the MSM do not want you to know exist.
(Excerpt) Read more at newsblaze.com ...
The argument the left is using to attack it is that less gasoline consumption is due to better fuel efficient vehicles that are getting 35 to 50 MPG. At least that has been the argument given by some leftist I have been debating on the merits of the article. In my search for more support of my claim, I remembered the report that showed how the average age of US cars on the road today are actually a record 10.8 years old. So Americans are not driving autos that get better fuel efficiency, instead they are driving vehicles that get much less MPG.
That's right, instead of better fuel efficient cars, Americans are still driving vehicles that were purchased at a time when SUVs and light trucks were the hottest selling vehicles. So when you look at the chart of gasoline deliveries from refineries to gas stations, the fact that most Americans are driving 10 year old or older vehicles that get much lower MPG supports the hypothesis of the article even more.
If anything, we should be using more gasoline because of lower fuel efficient vehicles, but we are still not purchasing gas, and that makes the whole idea of a recovering economy even more laughable, because we are driving much, much less. Looking towards this summer, get ready for summer tourism sites to get hit hard with historically low numbers of visitors. I can see most Americans staying close to home and driving no farther than their local park for a picnic. However, I would not look forward to hearing this administration, nor its propaganda machine, the MSM, to report the truth.
“I can see most Americans staying close to home...”
I’ve stayed so close to home that upon venturing out tonight to visit a relative in the hospital downtown, I was thoroughly amazed at all the empty storefronts, for sale signs and out of business notices on the way. It was a fr*cking ghost town in many places. Very scary. True to life under Bath-House Barry.
I don’t buy the MSM bullcrap...those lucky enough to be driving to a job see these same things on the way to a job they could lose in nanoseconds. Barry’s on his way out in November.
and, by the way...
Who IS Bari M. Shabazz?
You know, maybe we should start a thread where FReepers can post photos of businesses that were open a few years ago, then another newer photo of the same building with the closed sign or empty building to show America under Obama.
Imagine the thread of evidence, we could maybe even get them put together in a youtube video for Republicans to use across America in campaign adds that ask the question if you are better off after four years of Obama, and can you imagine how many more closed businesses there will be in four more years if he is re-elected?
On Friday, I drove to the area where I used to live, and will again soon due to being unemployed for over a year. I had an eye doctor appointment. Afterwords I decided since I had not had lunch, I’d go have a turkeryburgher at the only place where I actually like them. I got there to find a sign on the door saying they were closed due to sluggish sales and increasing costs of doing business. That place was there when we first moved to the area, in 1989, and had been there for a long time before that.
Now it’s gone. Thanks Barry.. NOT!
Would you happen to have a photo of the place before it closed to post it on a thread next to a photo of the door with the sign you read about it going out of business?
I am serious about Freepers posting proof of a before and after in their own community of Obama’s America compared to America before Obama.
I like this idea...it should be accompanied by photos of Obamavilles—people living in their cars and cardboard boxes.
A picture is worth a thousand words, especially to those who voted for Bath-House Barry to begin with. I don’t think they read anything...they need illustrations.
We have a preponderance of shuttered up businesses and retail space in Buffalo - a town certainly used to this kind of thing - but we have even more than usual. What town are you from? (I hope you don’t say Buffalo.)
30 miles out from Atlanta.
You know, I think if we can coordinate this right, we can get the best result of freepers offering their evidence in their own towns if we post a thread with the request on Monday Morning, or maybe Tuesday because of the Holiday.
I am sure we can get Jim to OK an multiple posting or at least a post to Front Page and breaking news if he likes the idea also.
We are 300,000 members strong. Imagine the powerful tool we can put together of videos and photos in a way that help us all help our local politicians to fight the commie basta*#s this election year.
Great campaigns start with simple ideas, and this could be a great winner in more way than one.
Any other ideas, and do you all agree?
Lots of videos of it - here’s one of a brand new HUGE office building in Florida, most of it has never been occupied. Same here in Western Washington. Sad.
Too many images will kill a thread for visitors with slower computers and access.
The idea is good - document the economic destruction of what the Bamster is doing to America.
It should be clear to all that the worlds economy is on life support and the doctors are all quacks and crooks! Face it to a certain degree we are all Greeks now!
What kind of a mess you ask, well I think that we are in for something like the collapse of Argentina ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index )but on a global scale.
But the market is up you say, yeah its up using billions in printed money in the hands of corrupted bankers, investors and their cronies. The world is now flooded with fake and faux money. The game is so rigged and now even the house is starting to lose.
When the whole thing tanks as it will what do you think the entiled class will do when they cant get their cell phones, their food stamps and EBT cards, rent vouchers and so forth.
What we will see is a much more violent version of Argentina, (checkout what is going on in Greece).
American has an even a larger entitlement minded population and much more violent and armed onen than Argentina or Greece.
I see many many small business wiped out by flash mob looting, and see rape, robbery and murder for murder sake. Many of these yutes will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the yutes. On the other hand the yutes wont think twice nor lose a minute of sleep, in fact they will smile and laugh about it.
Think of this quote which is one of my favorites:
Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8) (1998)
Quark: Let me tell you something about Hew-mons, Nephew. Theyre a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You dont believe me? Look at those faces. Look in their eyes.
On top of all who knows how many saboteurs (Islamic, Chinese etc) and sleepers have crossed our borders and are now just waiting to cause havoc.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who havent started already its time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say When the emergency is upon us the time for preparedness has past.
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
Lastly this for the doubters and the scoffers.
There is no greater disaster than to underestimate danger.
Underestimation can be fatal.
White folks have had too many vacations. They don't need no mo' stinkin' vacations. Time for the Obamas to have some fun.
“We have a preponderance of shuttered up businesses and retail space in Buffalo - a town certainly used to this kind of thing - but we have even more than usual.”
Northern NJ is in a slow death spiral, too; businesses and the Americans that worked in them are fleeing, leaving illegal aliens and the permanent underclass. Right next to the new Giants Stadium in the Meadowlands is a huge mall (including indoor ski lift) that never even opened. They finished construction a few years back, and none of the businesses have opened.
It’s actually quite eerie.
“I dont buy the MSM bullcrap...those lucky enough to be driving to a job see these same things on the way to a job they could lose in nanoseconds. Barrys on his way out in November.”
I agree with you; while the thought of him winning gets me down, I can’t believe it will even be close. He has ruled as one who doesn’t even intend to run for re-election (I’m actually surprised he IS running); I can’t believe he’d even carry Illinois. There is no way the media can deceive enough people if they simply ask themselves: Are you better off than four years ago?
The miserable job market and the unreported inflation (gas prices and groceries being the most obvious symptoms of this) should do him in.
“Its actually quite eerie.”
I’d pass there on Rt. 3 and wonder what all of that was.
Just WOW! That reads like a spy novel of sorts. The resemblance is uncanny. The page made reference to photo proof of Obama’s momma being in the same shot as Malcolm X. Where could that be found? Also, the video second from the last, shows Obama’s face morphed with a woman’s other than his momma. Anyone know who the other woman is?
>>Its actually quite eerie.
This is near the South gate of the Air Force Academy - never occupied or finished.
Been in that state since 2007.
This is on "Space Center" way:
Finished in 2007. Never been occupied.
Meanwhile, I see McYuppy Rice-mobile SUVs turning into Peterson AFB every AM with "Save Tibet" queer "Equality" and Obama bumper stickers in proud display.
Somewhere in Hell, Niki Kruschev is caressing his shoe and softly chortling -- "See, told you so, vee bury you".
>>Who IS Bari M. Shabazz?
Ask the Quisling POS who instigated and funded the Islamic Revolution of 1979, and helped create Al Queda, ala Operation Cyclone:
O’Bummer’s economic data have about as much credibility as Chamberlain’s letter of peace with the Germans...(and has similar consequences!)
Ping to Jim Robinson
Good idea in Post #4
“I dont think they read anything...they need illustrations.”
It is a scary thing, and I sign of even harder times ahead in NJ. They admitted within the past year that is was built for tourists to NYC (our devalued dollars wouldn’t have bought much); these jobs that would’ve been created wouldn’t feed families (waiters, retail clerks, etc.).
They’re debating what to do with it now.
I have never believed anything that came out of the Magic Negro’s mouth. His day of reckoning is coming.
Nice pics; nobody will admit it, but the reason the southern border is left wide open is to let in ANYONE who will shop here, live here in a house or apartment, put kids’ asses in the seats in our public schools, and yes, even put convicts in our prisons. There are a lot of people in gubmint jobs who should really be laid off due to these population shifts, and the municipalities’ answers are to let in ANYONE (and stop their law enforcement from doing anything about it).
NJ and NY just lost another House seat, and that trend will continue; that is why Obama is “nationalizing” as much socialism as possible - the Dems have to remove the advantages of businesses and taxpayers to move to “American” states.
In a fair accounting, President Obama is responsible (along with the then-Democratic Congress) for the $1.3 trillion in deficit spending in 2010 and the estimated $1.6 trillion in deficit spending in 2011. He [Obama] should not get credit, moreover, for the $149 billion in TARP (Troubled Asset Relief Program) repayments made in 2010 and 2011 to cover most of the $154 billion in bank loans that remained unpaid at the end of the 2009 fiscal yearloans that count against President Bushs 2009 deficit tally.
The Treasury Department says that all but $5 billion of the TARP bank loans has now been repaid. The portion of repayments that was for loans issued in 2009 should be deducted from Bushs deficit tally, not credited to Obama as deficit savings. There is some astounding number crunching in this article, and a chart of modern day presidents average annual deficit spending ........a frightening conclusion of what happens if Obama has an 8 year term.
Thats really the only word we can use to describe the release of a sensitive and confidential 57 page memo, written by then soon-to-be U.S. Treasury Secretary Larry Summers in December 2008, about what became President Obamas signature economic program in the first year of his presidency: the stimulus package.
James Pethokoukis has summarized some of the most significant aspects of the memo, which weve excerpted below, and which reveals the Obama administrations thinking behind what became an over 821 billion dollar boondoggle. The bold text represents Pethokoukis summary of that thinking, which is directly followed by a supporting quotation from Larry Summers memo:
1. The stimulus was about implementing the Obama agenda. The short-run economic imperative was to identify as many campaign promises or high priority items that would spend out quickly and be inherently temporary.... The stimulus package is a key tool for advancing clean energy goals and fulfilling a number of campaign commitments.
2. Team Obama knows these deficits are dangerous (although it has offered no long-term plan to deal with them). Closing the gap between what the campaign proposed and the estimates of the campaign offsets would require scaling back proposals by about $100 billion annually or adding new offsets totaling the same. Even this, however, would leave an average deficit over the next decade that would be worse than any post-World War II decade. This would be entirely unsustainable and could cause serious economic problems in the both the short run and the long run.
3. Obamanomics was pricier than advertised. Your campaign proposals add about $100 billion per year to the deficit largely because rescoring indicates that some of your revenue raisers do not raise as much as the campaign assumed and some of your proposals cost more than the campaign assumed.... Treasury estimates that repealing the tax cuts above $250,000 would raise about $40 billion less than the campaign assumed.... The health plan is about $10 billion more costly than the campaign estimated and the health savings are about $25 billion lower than the campaign estimated.
4. Even Washington can only spend so much money so fast. Constructing a package of this size, or even in the $500 billion range, is a major challenge. While the most effective stimulus is government investment, it is difficult to identify feasible spending projects on the scale that is needed to stabilize the macroeconomy. Moreover, there is a tension between the need to spend the money quickly and the desire to spend the money wisely. To get the package to the requisite size, and also to address other problems, we recommend combining it with substantial state fiscal relief and tax cuts for individuals and businesses.
5. Liberals can complain about the stimulus having too many tax cuts, but even Team Obama thought more spending was unrealistic.
As noted above, it is not possible to spend out much more than $225 billion in the next two years with high- priority investments and protections for the most vulnerable. This total, however, falls well short of what economists believe is needed for the economy, both in total and especially in 2009. As a result, to achieve our macroeconomic objectives minimally the 2.5 million job goalwill require other sources of stimulus including state fiscal relief, tax cuts for individuals, or tax cuts for businesses.
6. Team Obama thought a stimulus plan of more than $1 trillion would spook financial markets and send interest rates climbing. To accomplish a more significant reduction in the output gap would require stimulus of well over $1 trillion based on purely mechanical assumptionswhich would likely not accomplish the goal because of the impact it would have on markets.
REFERENCE 10 Insanely Overpaid Public Employees
BY BLAIRE BRIODY, The Fiscal Times, July 13, 2011
EDITED Even in these tough times, thousands of govt employees get great, big fat salaries. Hundreds of thousands get more than the $400,000 annual Obama pulls down.
In 2009, 347 Texas state employees earned more than the president; 53 of them made more than $600,000. In New York, 35 employees were paid over $400k last year.
Since 2005, the number of Federal employees earning $150,000 plus has jumped tenfold: from 12,399 to 171,689. Besides hefty salaries, yearly payouts include bonuses, overtime pay, free health benefits and free cars/fillups/maintenance/license fees.
And at retirement, royal exit packages, annuities, bonuses, multi-million dollar investment packages, Cadillac family health benefits, pension checks AND retirement into low show second govt jobs with plentiful perks, and hefty buyous for duplicate benefits packages.
Then there's "other pay".... things like unused sick days......$594,976 worth for one California employee something struggling private sector employees can only dream of...but all of whom are footing the bills for this largesse.
Photo Gallery: 8 Outrageously Cushy Government Pensions
Slideshow on 10 insanely overpaid government employees
[ANYONE who will shop here, live here in a house or apartment]
W's idea of the "Ownership Society" had noble intentions.
I think W recognized that there was a choice to be made -- between having those folks South of the border become disenfranchised fodder sent here as part of a communist revolutionary uprising, or, preemptively assimilating them to become owners and caretakers in the American Dreams.
Common sense dictates the humane preference for the latter.
Unfortunately the noble vision of the "Ownership Society" was exploited by criminal predators who gamed the relaxed lending standards required to implement the vision, and turned the noble potential into a nightmare of systemic corruption whose a$$paper fruits are still poisoning the global financial infrastructure.
[The conventional wisdom is that bankrupt Greece was hollowed out from within-—by avaricious politicians and their cronies.]
Heh. Good timing. See the post preceding yours.
Glad the news is getting out.
Last week I passed through part of Forest Acres just outside of Columbia that I haven’t been through in months and saw the Goodwood Custom Furniture shop with liquidation sale. That was a sad sight. It was a good place to shop for furniture.
A few weeks ago, I got a mass mailing from a small business ran by a fellow that I am not worthy of putting batteries in his 7D’s saying in essence things have become very bleak. That was really depressing.
I was in Myrtle Beach for what became a reduced paying gig involving the Marathon. Driving around by the oceanside to get to my hotel, I saw quite a few oceanfront ones shut down and boarded up.
The gas chart is quite telling. I live in a situation where I can only spend 15 bucks a week for gas. Luckily my job is only 5 miles away but my car is a beater and sucks it up fast. Also lucky for me is a wal mart in walking distance. So I literally drive to work and pretty much nowhere else as I can’t afford to do so.
$99.4 trillion in unfunded liabilities, including future commitments, according to Paul Ryan. Batter throw some water on those overheated government printing presses before they melt.
Barack laughs as he flings another ten billion dollars at a failing Mickey Mouse windmill maker and his America-hating wife boards her private 747 for a ski trip.
If we had only listened to Senator McCarthy.
The outsourcing of our jobs played a huge role in the destruction of our “Ownership Society”; many well-intentioned borrowers have had their lives destroyed by it (and now won’t be borrowing any time in the near future). The lax credit standards were designed just to keep up the illusion that our standard of living wasn’t going down the toilet; it wasn’t designed just to move houses, but also to allow people to buy cars, groceries, toys, etc. that they could no longer afford with their weaker paychecks.
“Unfortunately the noble vision of the “Ownership Society” was exploited by criminal predators who gamed the relaxed lending standards required to implement the vision, and turned the noble potential into a nightmare of systemic corruption whose a$$paper fruits are still poisoning the global financial infrastructure.”
Noble visions can endure for centuries...on paper. In practice, they die before sundown on the first day.
Idealism is an intellectual disorder, in that it rejects the real in favor of fantasy; for instance the idealist will favor “social justice” over actually-existent natural justice, thus directly leading to systemically imposed injustice.
Idealism is a totalitarian virtue only.
>>I saw quite a few oceanfront ones shut down and boarded up.
Yep. Lots of 4000+ sq foot stuccoed boxes standing empty on the plains of Colorado too.
No trees. No children's toys. No signs of life. Just wind and empty promises made by developers who've long since cashed their checks and skedaddled with their sub-prime/creatively financed loot.
Somebody is paying taxes on all those empty buildings -- and I expect that would be whoever is holding the securitized a$$paper.
Empty or not... it's still evidently a Cash Cow for the Tax Collector...
Table Use Code 2010 Market Value 2010 Assessed Value Land OFFICES 872071 252900 Imp OFFICE 7184817 2083600
Who's paying those taxes? Whoever the suckers were that ended up underwritting this mess, that's who:
"3. Purchase, Sale and Delivery of Offered Securities . On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Company agrees to sell to the Underwriters, and the Underwriters agree, severally and not jointly, to purchase from the Company, at a purchase price of $24.35 per share, the respective numbers of shares of Firm Securities set forth opposite their names in Schedule I hereto."
You bet. Especially when FReepers who don't know how to use HTML to resize an image down to something 'reasonable' when posting it, like to postcard size (I have a 22" widescreen and some photos posted are too large for my screen). And for FReepers stuck in 'deal-up hell' that kills them. And for those with slower computers all those big pics can lock it up.
But it is a good idea and there's an easy way around it. Save the Pictures on-line. Upload them to any of the Free Photo 'Storage' Galleries. I have a Photobucket account (among a bunch of others) and then you can just post a Direct Link to the photos, it's a simple Copy & Paste command given right on the Photobucket page. That helps FReepers and doesn't eat bandwidth.
And with Phobucket you can make the pic's Private for 'Eyes Only' accessed by a password so that DU and Dem RAT trolls can't see them. They'd click the link but without the password, they'd couldn't open the 'Album' and see the pics ;-). I do this when I upload Family Pictures I take to my Albums to prevent other Photobucket users from seeing my family pics. The PW could be something as simple as 'FR', case sensitive FreeRepublic, or a tad more secure like 'ObamaStinks'. And the PW could be sent out via FReep Mail like a ping list.
(Just a thought on how to do it)
Our shopping trips are way down, not because of the recession but because of the Internet. Shopping used to constitute 25% of all mileage.
>>Idealism is an intellectual disorder,
"We have Nicaragua, soon we will have El Salvador, Guatemala, Honduras, Costa Rica, and Mexico. One day, tomorrow or five years or fifteen years from now, we're going to take 5 to 10 million Mexicans and they are going into Dallas, into El Paso, into Houston, into New Mexico, into San Diego, and each one will have embedded in his mind the idea of killing ten Americans."
--Thomas Borge, Nicaragua Interior Minister as quoted in the Washington Times, March 27, 1985
Is that mere Idealism or a developing reality that requires countermeasures?
America doesn't put human heads on pikes. If you have a problem with that then pack your tribal shyte and head for Somalia - and send us a report about how well it really works in practice.
I run a small B2B business. Just since last November, 4 of our clients have closed up shop, and 2 more are on the verge of going under (they can’t pay us any more). Our staff has gone down from 11 to just 2. Other business owners are just not spending any money, so getting new clients is much harder than before. Our business went from steady growth to struggling to survive over the last 3 years.