By Douglas V. Gibbs
All day I've been hearing political talker after political talker discuss who they believe will be Obama's choice for his new Chief Economic Advisor. Perhaps he is thinking about his choice while on Christmas Vacation in Hawaii, they contemplated. Whoever it is, the talkers wondered out loud, it will have to be someone that will help him with his struggles to fire up the economy, and knock down the unemployment rate.
Hmmm, let me give you a hint. . . it doesn't matter who Obama chooses because whoever it is, the person will still be a hard left liberal with failed ideas. Obama is a student of the Keynesian economic theory (a theory that fails, and fails, and fails), so he has no interest in choosing an advisor with any real private sector experience. All he picks are academics who shares his "prime the pump" economic insanity.
What is even more comical is the moron actually thinks he has been good for the economy, and that things have gotten better. He truly believes he pulled us from the brink, as he drives us to the brink.
Yes, I know that holiday spending was up 3% (If you remember, they said that last year too). That means nothing. Gun sales were up when Obama first took office, and it had nothing to do with the economy.
Besides, despite the increase in year end consumer spending, we have also received news that consumer confidence has fallen. Fact of the matter is, Obama and the Democrats have done nothing but screw up the economy, while spending at horrendous levels. Until the unemployment rate improves, the housing industry improves, and the private sector grows, the recession will be far from over.
As for those that claim that the slightly up GDP is evidence of recovery, realize that that is due to government growth. Economic improvement comes when the private sector grows, not when the government goes on a spending spree.
And just watch what the GDP does when the government begins to realize it needs to can many of those working for it, lays off people, and spending is cut. Growth of the GDP is only important when that growth is the result of private sector growth.
-- Political Pistachio Conservative News and Commentary
With 2012 Campaign Looming, Obama to Name Top Economist - Fox News
Unemployment rises to 9.8%, only 39,000 jobs gained - Hot Air
2009: ComScore Says Holiday Online Spending Up 3% ahead of Green Monday - Auction Bytes
Holiday 2010: The year shoppers came back - Kansas City Star
Gun sales at record levels: Dealers say fear of government controls causing buying spree of record level - Pittsburgh Post Gazette
Consumer confidence falls in December on job worries - CNN Money
The National Debt is $13.8 Trillion! - Federal Budget dot com
Government and GDP - CATO Institute
The Impact of Government Spending on Economic Growth - Heritage Foundation
Does GDP Really Measure Economic Growth? - Things and Stuff
No Recovery, Only Keynesian Economic Failure - Political Pistachio
A Self Regulating Economy - Political Pistachio
John Maynard Keynes Theory of Debt-Financed Government Spending - Political Pistachio
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