Saturday, June 4, 2011

Obamanomics

Dissaster!
There is no other way to describe it, complete failure...


Squeezed on both sides by stagnant wages and rising prices, consumers believe the chances of bringing home more money one year from now are at their lowest in 25 years, according to analysis of survey data by Goldman Sachs.
 The squeeze is far from over....
Real hourly wages have dropped 2.1 percent on an annualized basis over the past six months, a rate of decline not seen in 20 years, according to Goldman.
Welcome back Carter....
“I am much more concerned that the second half resurgence we all expect never arrives and by early 2012 we are in a recession,” said Joe Terranova, chief market strategist for Virtus Investment Partners and a ‘Fast Money’ trader.
And it only took a few trillion in new debt to accomplish this....

4 comments:

The Born Again American said...

It's all a campaign strategy... If gas is 12.95 a gallon by November 2012, only the ones they bus to the polls will be able to vote...

Always On Watch said...

Here's something to consider: When the economy is in the dumper, the American electorate will not re-elect the incumbent.

Obama may not be able to schmooze his way to re-election now. Meanwhile, of course, more and more Americans are going to suffer in the coming depression. And a depression it will be!

Randy-g said...

AOW, I fear a DEPRESSION too...

Reaganite Republican said...

But Macky Dee's is hiring lol