We are in midst of an economic Armageddon. For months I have described it as “The Great Depression II.” The politicians that run our country and economy are useless idiots - although some might find that comparison offensive to useless idiots. Each move they make, the economy gets worse. Each dollar they spend to “save the economy” results in more economic decline, fewer jobs, and lower tax revenues. No coincidence.
Speaking of useless idiots, enter Joe Biden. As job reports get bleaker and businesses fail by the thousands each month, Vice President Biden repeats endlessly, like a Stepford wife, that the stimulus is working just fine and has “saved” and created millions of jobs. Perhaps Biden believes if you repeat a lie enough times, it becomes the truth. Or at least you keep your job as Vice President.
Obama repeats endlessly that it’s Bush’s fault, even though we have lost millions of jobs, while adding over $4 trillion to the nation’s debt since Obama became CEO of the economy. Recently the nation’s debt increased by more in one day than the entire annual deficit in 2007. I am no fan of the wars in Iraq and Afghanistan, but according to the Congressional Budget Office, Obama’s one-time stimulus program enacted during his first month of office cost $100 billion more than the entire 8-year Iraq war. [more...]
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