Free Republic

The Kiplinger Letter for Sept. 16, 2011, states: GDP is likely to grow no more than 2 percent. ... Such weakness usually spells recession ahead. ... But that pattern may not apply this time. Slowing growth may instead spell stagnation, a time more akin to Japan's 20 years of weak GDP gains. .... There has been no real bounce-back from the 2007-2008 slump. Twenty years of stagnation? So let me ask you all this: What is it that this economy has in common with Japan? What is it that this economy has in common with the last stagnation of the...

Contrary to the assertions of President Obama, the private sector has not produced 2 million jobs since January of 2009 when he was inaugurated. He lied one more time....The reality is 2.5 million jobs in the private sector have been eliminated since President Obama assumed office. When this is combined with the fact that 2 million new applicants for jobs enter the work force each year, Obama is really behind in the creation of 7.5 million jobs just to maintain the same unemployment percentage he inherited. Another 3 million will enter the work force by the end of 2012, so...

... interest rates are too low and will increase. Obama is looking for an excuse for their increase and plans to blame it on how Republicans treated the debt limit. And when interest rates do increase, the stock market will fall. So will bonds prices. And so will housing sales. ... The Obama administration ... created an artificial date so they can blame an economic downturn on not increasing the debt. ... With or without a debt increase, the ratings of U.S. Treasuries will be decreased if government expenses are not cut and a budget is not produced – and...

485,000 workers had been terminated from the auto industry while only 67,000 had been rehired with the $85 billion bailout from the government...More than $1 million per rehired worker is a horrible return on investment! Other manufacturers, like Boeing, are being forced by the government to hire union employees, so many are moving even more manufacturing out of the U.S. And the costs for Obama's programs continue to rise. Obamacare ...unemployment will remain high for at least the next three years. ... this administration has increased government spending at the twice the rate of any previous government in the history...

...Money managers now expect interest rates to increase as the Fed has to deal with the inflation from increasing food and energy prices that are not in the CPI. And money managers expect taxes to be increased to pay for government programs, which will suck money out of the economy. What will increased interest rates and taxes do to home values, to stock values, to bond values and to jobs? They will all fall. George Soros, bankers, insurance companies and Wall Street who all gave lots of money to Obama, will all make lots of money again by selling assets...

The media is now trying to make the case that Obama can win in 2012 like how Bill Clinton won in 1996 after suffering a dramatic defeat in 1994 and after raising taxes. The facts about 1996 do not bear out what the pundits are trying to sell us.

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