The Economy is Not Recovering -Get Prepared

By: Devvy
December 28, 2014
NewsWithViews.com

To look at data being released by the Lying Machine out in Washington, DC., specifically minions who work for the criminal impostor in the Red House (formerly known as the White House), one would think happy days are here again!

I know it’s tiresome and depressing to constantly read how bad things are economically in this country, but commerce runs the engine of our economy and our lives for it generates the income we all need to survive. It’s also confusing because one doesn’t know who or what to believe. However, is it not better to know the truth than to rely on an illusion? Truth from people who actually care what happens to we the people.

Intellectually lazy media hacks, some who actually pass themselves off as journalists, not only in the ‘mainstream’ media but also on cable networks are nothing more than good little toadies who prattle on about a growing economy without ever broaching the subject of the head of the beast, the privately owned “Federal” Reserve and what impact its had on our economy and daily lives for over 100 years. Oh, sure, once in a while one might see a headline about the “Fed” and raise a soft-ball question about how “they” manage our money and economy. But, for the most part, they simply stick to the script:

Everything Is Awesome! (Dec. 24, 2014): “Good news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking….

“This bah-humbug brand of moral superiority has flourished since the crisis: How dare you celebrate this or that piece of economic data when so many Americans are still hurting? It’s awkward to argue with that view, since many Americans are indeed still hurting. But the economic data keep showing that fewer Americans are hurting every month. No one is satisfied with 5.8 percent unemployment, but it’s way better than the 10 percent we had in 2010 or the 11 percent Europe has today. Declining child poverty and household debt and personal bankruptcies are also worth celebrating. Better is better than worse. Whether or not you think Obamacare had anything to do with the slowdown in medical cost growth, it’s a good thing that Medicare’s finances have improved dramatically, extending the solvency of its trust fund by an estimated 13 years.”

Really? The deficit is shrinking? The deficit is the shortfall needed by the thieves in the Outlaw Congress to continue their lunatic spending. That deficit gets added to the debt through borrowing. That is not shrinking, it’s growing faster than weeds. Paying Down The Debt Is Now Almost Mathematically Impossible

Consumer confidence is soaring? That’s why so many of us contribute little to nothing to the economy except what we need, not want. Why? Because unlike the author of the piece above who must have been kissing the Blarney Stone lately, the real numbers tell a different story.

Fewer Americans are hurting every month? I guess that accounts for the continuing rise in the number of Americans on food stamps; closing in on 50 MILLION. Obamacare most certainly has hurt millions of Americans causing financial hardship from being forced into that monstrous mess, and oh by the way, did you see this one?

Obamacare’s Christmas surprise by Rep. Mark Meadows (December 19, 2014)

“If you like your health care plan, the Centers for Medicare and Medicaid Services (CMS) has a Christmas surprise for you! When will this new present arrive? December 25th….CMS has proposed a new rule that includes an overly reaching provision allowing CMS to re-enroll anyone who has not made the annual trek back to healthcare.gov in a cheaper plan of CMS’ choosing. That’s right, the government will choose your plan, perhaps limit access to your doctor, and ultimately make the decision on what is “best” for you.

“Not to worry, just like Lady Justice, who wears a blindfold when determining guilt or innocence, CMS will use a blindfold to pick your plan. The agency will select your plan without knowing your medical history. They will do so without knowing if you are currently undergoing treatment or working with a specific doctor. They will do so without knowing your financial status. Despite the fact that the millions of people who already enrolled chose the plan that they believed was best for them.

“CMS has laid the perfect trap: Sign up at healthcare.gov one time in your life and we will never let you go. If you don’t continually re-enroll each and every year, CMS will keep you on the plan that it chooses because, after all, CMS knows what’s best and they always make the best decision…

“To be clear, a citizen will sign up once for a private plan with a healthcare provider, only to have that plan changed by the federal government. Moreover, CMS will change your plan after the open enrollment period ends, leaving you and your family stuck with a potentially unwanted plan for the year.” I encourage you to read all of the article if you are one of tens of millions forced into that unconstitutional Ponzi/taxing scheme.

As for the idea that Medicare’s finances have improved dramatically, well, fiddle-dee-dee, let’s just ignore the numbers. As I write this column Medicare’s unfunded liabilities are $80,483,145,378,862. By the time I could write down those numbers on a piece of paper it jumped to $80, 483,146,986340. That’s TRILLIONS of dollars. TRILLIONS. I also ask: What Medicare trust fund? You mean the one like Social Security? Oh, good. That’s reassuring, but since there’s no money in the U.S. Treasury each month for the payouts, it all comes from borrowing from our enemies like Communist China, printing up more worthless paper to pay off old debt to issue new debt.

The national debt created by the thieves in the Outlaw Congress and urged on by millions of Americans who now depend on all those government agencies to create unconstitutional, worthless jobs, is $18.4 TRILLION bux and climbing. That’s awesome?

Not according to those who are not on the government payroll:

Expert: Obama economic surge built on doctored data - ‘Suggestions that all is right again with the world are nonsense’

NEW YORK – “The White House appears determined to deliver in the president’s upcoming State of the Union speech a ringing message that economic growth under Obama is robust, with the DOW topping 18,000 for the first time and the Bureau of Economic Analysis reporting last week revised estimates placing third-quarter growth at an impressive 5 percent.

“But critics, like ShadowStats.com econometrician John Williams, call it a smoke-and-mirrors illusion of economic data dishonestly calculated and reported to look rosy. Put simply, Williams, in the most recent edition of his subscription newsletter, argues that the developing White House narrative of “the strongest economic growth in a decade” is nonsense. He argues that the full economic recovery indicated by the real GDP numbers reported last week by BEA is “a statistical illusion created by using too-low a rate of inflation in deflating (removing inflation effects) from the GDP series.”

“Williams further argues “no other major economic series has shown a parallel pattern of official full economic recovery and meaningful expansion beyond, consistent with GDP reporting.” Williams’ analysis of retail sales, again adjusted to remove an artificially low rate of inflation, shows “a pattern of plunge and stagnation and renewed downturn, consistent with patterns seen in series such as consumer indicators like real median household income, the consumer confidence measures and in the unemployment and most housing statistics.”

“WND previously has reported that real unemployment in the U.S., measured by traditional definitions that include an estimate of those forced to drop out of the labor force because jobs are lacking and those seeking full-time employment who are forced to take part-time employment is closer to 23 percent, rather than the 5.8 percent the Bureau of Labor Statistics reported in November, confirming Donald Trump’s accusation that Obama’s jobless numbers are “phony.”

Read more at NWV’s:

http://newswithviews.com/Devvy/kidd665.htm