Or words to that effect anyway. Funny how Obamanomics slow descent into economic hell has sped up dramatically since last Tuesday isn’t it? Recession, Inflation, and unemployment, Oh My!
None of this is exactly news to anyone who was really paying attention. Unfortunately, about 62.6 million Americans weren’t paying attention Nov. 6, so that the cause of this non-news – the disastrous failure of Obamanomics — will now be extended by four years. Danielle Saul comments:
[W]e as a country have conceded to the entitlement mentality, and it is already beginning to destroy our country. Jobless claims have risen 78k since the election pushing unemployment to 439k, the highest level since April 2011.
Danielle provides an extensive list of announced layoffs. Looks like it’s going to be an un-Merry Christmas for lots of folks. And even the 1% will have a little less holiday cheer: The Dow Jones Industrial Average has lost more than 700 points since Obama was re-elected.
Maybe all those stupid young “Vagina Voters” can find some way to trade in their free contraceptives for cash.
That is the bad news, the worse news is that Democrats STILL are calling for more deficit spending to reduce the deficit
Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.
They have yet to decide which prime-the-pump measures to push, but are mulling options such as new infrastructure spending and an extension of the payroll tax holiday.
Ah yes, infrastructure spending. Funny, I thought much of the original stimulus was going to go to infrastructure. But, I guess by the time Obama’s cronies got their pet projects funded, and we gave billions and billions to “green” energy companies that went bust, well, the money was gone.