Another U.S. Milestone

Beginning April 1st the United States will have the highest corporate tax rate in the world.

We do not have a revenue problem, we have a spending problem. It is not rocket science.
And that is no April fools joke...

Recovery Summer III

Thanks Barack!

The housing market started off the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.

The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets.

The President says the recovery is speeding up.
Reality begs to differ.

Liar In Chief (still a liar) Lies Again

I guess that little ditty about fixing the economy in one term was just another lie.
Obama now says this is a eight year project.

We will all be in cardboard boxes, sleeping under bridges if this freakshow gets re-elected.

“This is not a three-year project, this is an eight-year project,” he said Friday night. “So I need you one more time. And we’re confident we can get there, but we’re going to need your help.”

Anyone, I say anyone but Obama 2012.

20% Of America Must Work For Obama

Every one else is no better off or worse off.

The survey finds 20 percent say better today, 37 percent say worse today, and 43 percent say “about the same.”

The other possibility is 20%  of America is insane.

Another Random Act Of Journalism

From CBS even...

Inflation for the masses.

Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.

For those on a budget (obviously not our Government).

The group maintains that this index better measures the real-world impact of price changes, particularly for people on a budget. And, largely as the result of the recent run-up in gas prices, this "everyday price index" (EPI) suggests that Americans are being pinched far more tightly than the official inflation measure would have you believe.

I don't care what the Obama regime says, most folks are struggling far worse now than when he took over.

Ben Speaks Stocks Drop

What? That recovery is not as robust as the henchmen media have told us?

Federal Reserve chief Ben Bernanke characterized the pace of economic growth as “uneven and modest by historical standards” in his semi-annual speech before Congress at 10 a.m. He acknowledged some improvement in the labor market and said that headwinds like Europe and a weak housing market would fade beyond 2012.  The central bank will release it's report on econoimc conditions, known as the Beige Book, at 2 p.m.

Uneven and modest? Or for the common folk, the economy has flatlined...

Another Recovery Summer?

Doubtful...

 New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.

Economists had forecast orders falling 1.0 percent.

Lovely.

The Worst Is Yet To Come?

Economic devastation is coming?

Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Until someone gets serious about the massive debt Obama and Congress have piled on the U.S. this is unavoidable.

Gerald Celente: 

"2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax," Celente noted in his Top 12 Trends 2012 newsletter. In an interview he added: "When money stops flowing to the man on the street, blood starts flowing in the street."

Lovely.

Another Day, Another Revision...Down

Not exactly booming.

Headline: A second reading of  Q3 GDP was shaved down dramatically to 2% on a seasonally adjusted annual basis. This comes from a prior reading of 2.5% GDP growth.

Its only a half of a percent...
No doubt the fault of those nasty Republicans beholden to the Tea Party extremists.

60% Are Sick Of Obamanomics

His numbers on the economy are in the crapper.

Graphic from CBS

About 60 percent of voters said they disapprove of Mr. Obama's handling of the economy, the highest on record. Just 34 percent approve of the job he is doing on the matter.

His overall approval ratings are just 43 percent, while 47 percent disapprove of the job he is doing as president.

Among independents, just 39 percent are satisfied with his performance, while 76 percent of Democrats and 12 percent of Republicans approve of his job performance.

Still better than Congress, both parties better be looking over their shoulder. The folks are pi$$ed.