Posted by
NYMike on Friday, March 06, 2009 12:00:00 AM
"Americans know that our economic recovery will take years -- not
months," he said. "But they will have little patience if we allow
politics to get in the way of action, and our economy continues to
slide."
There have been 31 recessions in the United States since 1854. We are currently in the 32nd contraction of the economy, which started in January of 2008. The average recession has lasted 17 months. The second longest contraction lasted 43 months from Aug 1929 to Mar 1933, thank you Mr. Roosevelt - the longest was in 1870s. A little thing called the Civil War and Reconstruction were in play then, as well as new transportation networks that displaced the working populations in the east to new centers of industry in the west. So thank you, Mr. Obama, for continuing to talk down the American economy. We are desperate now, as you told us during your Health Care Summit. Did not GDP grow 1.9% in 2008 in spite of the rest of the world's economies sliding and world-wide demand for all goods and services pulling back? If it history is guide, and it always is, we would be coming out of this recession this spring or early summer. By this summer $3.00 gas will be back with the summer driving season and reformulation, the Dow will be hovering around 5000, unemployment will be 10%, and a third homeowner bailout will be on the table because the first two will have only prevented the renter-society from going back to renting sooner than later. Some people are born to rent and do not have the fiscal discipline or enough basic understanding of personal economics to own a home.
Obama's policies are basically guaranteeing a long, slow, painful road to recovery. Obama recently declared "disasterous" consequences ahead if congress fails to act now. He is acting now, and failing miserably. His management-by-crisis methodology is failing. Every week that goes by that his socialist plans are not implemented is another week where, in towns across America, the street lights are still on, the water still runs, and hard-working, innovative, and industrious Americans are getting by in spite of your doomsday scenarios and your 75 degree Oval Office.
The primary scheme at work is escaping the American people. There is method in his madness and that of the left. What Obama
offers, in concert with his cadre of Harry, Nancy, and Barney is a long, long period of mediocrity. Liberals and left in this country will be perfectly content governing a 3rd rate country. We will now take a back seat in aid to Africa and aids research, a backseat in medical research, a backseat in manufacturing, a backseat in food production - and that is perfecly alright with them. After al, look at the third rate cities where the left and liberals are in power. How does it feel, Detroit, New Orleans, New York in the burroughs, San Francisco, Atlanta? Things better for you? Your leaders are certainly living large.