Posted on 07/22/2014 6:27:35 AM PDT by IBD editorial writer
Let’s see....
I don’t drive as much, so my chances of being killed are decreased...
I don’t eat nearly as much bacon as I used to at 6.00 a pound...
I also cut down on cereal since the box now only has four bowls in it...
Lucky for me, I actually got to keep my plan and my doctor...
That movie popcorn was really bad for me...
I don’t have as many huge restaurant bills because I don’t eat out as much...
I see a lot of scenery when I travel because driving is so much cheaper than flying...
That’s a short list but I could go on, and I sure have an appreciation for the effects of news media on the public perception of how things are.
Best darn investment I made in the last decade is guns and ammo.
What else can you use and see appreciate? double and triple in value while you use it?
Sadly I lost all that stuff in a tragic canoe accident.
I remember in 2009, CNN had a daily theme called “Road to Recovery” where their anchors gushed about how much Obama was doing for the economy.
In 2010, economists were saying there were lots of “green shoots” in the economy.
I believe it was 2011 that NewsWeek had the cover with the balloon on front with the words “The Recession is Over!”
“Are You Better Off?”
In a word....NO!!!
LOL!!!
Obama is like that guy on steroids! LOL
Thanks; we’ve adjusted to make do (thankfully still working) and basically spend little beyond the basics. I think the emotional scars of this period will last for decades; I already see it in young people who know they’ll have to forego families and buying if they want any semblance of a middle class existence along the lines of their parents.
Unfortunately, those families were what made that middle class existence worthwhile. Now our government is simply trafficking Hispanics here to fill the classrooms and homes, and those childless Americans living in apartments fortunate enough to be working are going to be taxed out their arses to provide for their replacements. No child tax credits and mortgage interest/property tax deductions for them...
“It may be a great tragedy... It’s GREAT to be in Delaware, the state that gave us Joe Biden!”
No, it was aborted...............
Obamacare aborted it.
“We’ve always been at war with Eastasia, Winston.”
Just because they say it’s so, does not make it so...................
+1.
I lived though the steel mill collapse under Carter and all that other crap the energy crisis and gas rationing, 14% inflation...
It destroyed the industrial NE
This is like a redux but Obama is destroying the entire nation
Not really. I haven’t had a raise in 5 years, and I don’t think there’s one on the horizon for a while. I’d say things are worse since food prices have risen, gas is at a sustained too-high level.
No. Things aren’t better.
And the news media still covers his arse. They may just succeed in driving me totally insane with their obscene pro Obama double standard - they're never gonna turn on him.
I have been bitching for years now about what I have termed the “Chef Boyardee index”
5 years ago the price of a tin of Ravioli was 50C at highest
Now its a $1 on sale
Everything is that way.
Looked at the price of hamburger lately?
It’s like $5 to $6 farking bucks an LB!
I no longer have a job and when I did the last raise i got was gobbled up by Obamas 2% payroll tax
FUBO!!
This is a recovery?
Of what? 1938 redux?
Most people do not realize it, or had never learned, that the “Great Depression” was, at its beginning, no worse than the recession of the early 1920’s. There was a severe downturn then, but in either a greater wisdom, or by inaction, most of the effects of that recession were over by 1924, about the time Coolidge assumed office. Coolidge was renown for his efforts to STAY uninvolved in the “business of business”, and consequently, the country was going through an unprecedented boom, as the nation was rapidly put on wheels, industrial growth expanded exponentially, and there seemed to be a genuine prosperity at hand, if you weren’t getting rich this week, why, just put your money in the stock market, or into bank stock on a new start-up bank in your local town, and just watch the money come rolling in.
But inexorable and inflexible rules of finance reared up, and what had been a bubble expanding away to infinity - burst. Banks large and small found themselves undercapitalized and overextended. The stock market, always a barometer of confidence (or lack of it), nosedived, apparently taking a lot of capital out of existence.
In come the “fixers”. First an attempt to raise revenue by imposing new and punitive levels of tariffs on imported goods, the scheme backfired in a most resounding way, setting up a chain reaction all over international trade and foreign bourses, and one after another, the great banking houses retrenched, some folding up completely.
But why the demand for greater revenues? Something called “Keynesian economics” a theory that government action could step in and “rescue” the commercial and businesses from themselves, by injecting great amounts of money into the economy, took over, and suddenly the governments everywhere NEEDED much greater revenue, to pay for these schemes to get people collecting a stipend of some kind, so the wheels of commerce could begin to roll again.
So what was a bad situation in 1932, was temporarily relieved by 1936, just in time for FDR to be re-elected. But then a much WORSE economic stall came. 1938 should always be remembered as the very worst of the Depression years, a really blue funk this nation did not recover from until the factories were turned over to all-out war production, and the excess number of young unemployed men were sent off to fight and die on the other side of the world.
We are in Great Depression II, and nobody will face up and call it what it is.
But like the Unsinkable Molly Brown, we ain’t done yet.
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