Of course right now, everyone is talking about the end of the DNC convention and whether or not there’s a bump for Hillary Clinton. What amazes me, for the days that I did watch the DNC convention, is how the mainstream media analyzed the event. I believe you have to understand your opposition and get inside their decision-making cycle. During the RNC convention the angst and hatred from the media was just over the top, while the DNC convention was all roses and green pastures with cute little monarch butterflies everywhere. There was no assessment of policies being “proposed” during the DNC convention or a discussion about any reality — it was just a good show.While I was at the Torch of Freedom Foundation event in Austin, Texas on Friday evening I was asked a very interesting question: “Does the culture drive politics?” It was an easy question to answer, reflecting on the star-studded lineup at the DNC convention. The DNC convention was all about entertainment elites telling us, the little people, how our lives should be run.
Consider the absurdity of one Lena Dunham, an admitted sexual predator of her own sister, addressing the issue of feminism and sexual abuse. And the shocking claim by Eva Longoria that she didn’t cross the U.S. southern border, it crossed her. I suppose that whole national sovereignty thing means little.But what’s most telling is how little policy analysis was presented by the leftist media. After all, if you did pay attention to the nomination speech by Hillary Clinton, you heard about more “free” stuff and how a specific group would be targeted for funding these endeavors.
But what you’ve never heard the leftist media admit to their audience is that the top 10 percent of earners in this country pay nearly 70 percent of all federal taxation…and just so you know, the top one percent pays just over 40 percent. So, what exactly is a “fair share?”
Then again, can someone explain to me why anyone sees Barack Obama as an economic success as a president? And his are the policies Hillary Clinton will continue? What happened to “shovel-ready jobs” and the stimulus?We have the lowest workforce participation rate since the late 1970s, so statistically we cannot have a 5 percent unemployment rate — ah, but you can if you change the calculation and not count the almost 95 million Americans out of work.
In the reign of Obama we’ve gone from an already troubling $10.67 trillion in debt to $19.3 trillion in debt…something rarely spoken of by the leftist media. That means, one person, Barack Obama, has singularly nearly doubled the accrued debt of the United States…one president has created the same amount of debt than the aggregate of ALL previous presidents.
Our economic condition is in such bad shape that the Federal Reserve, namely Janet Yellin, is doing everything it can with manipulated artificial means to mask the failures. You can’t print enough money to rectify this deplorable situation. Yet, the lies proliferated by the leftist media are abjectly unconscionable.But, what’s most telling about Obamanomics, and the legacy he wishes Hillary Clinton to preserve and continue, relates to the biggest indicator of our economic health as a nation, our gross domestic product (GDP).
GDP is defined as, “the broadest quantitative measure of a nation’s total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time.”
So there is a new normal, another historic achievement of Barack Obama: he will certainly be the first U.S. president never to attain a three percent GDP growth rate. That is abysmal — well, to normal folks it is, but not to Obama Kool-aid drinkers.And here’s the latest news about the GDP performance under Obama, as reported by Zero Hedge, “With Wall Street expecting the US economy to grow 2.6 percent in the second quarter, there were many shocked faces moments ago when the Census Bureau reported that not only did the US economy grow a paltry 1.2 percent in the quarter, but Q1 GDP was slashed from an already poor 1.1 percent to just 0.8 percent.
For the first quarter of 2016, real GDP is now estimated to have increased 0.8 percent; in the previously published estimates, first-quarter GDP was estimated to have increased 1.1 percent. The 0.3-percentage point downward revision to the percent change in first-quarter real GDP primarily reflected downward revisions to residential fixed investment, to private inventory investment, and to exports that were partly offset by upward revisions to nonresidential fixed investment, to PCE, to state and local government spending, to imports, and to federal government spending.
Just as bad, strong historical GDP reports such as the 3.9 percent alleged growth in Q2 2015 which served as the springboard for the Fed’s rate hike rhetoric in mid-2015, was slashed to a far lower 2.6 percent.
As of this moment, the economy has grown at less than a 2 percent pace for three straight quarters. Since the recession ended seven years ago, the expansion has failed to achieve the breakout seen in past recoveries. The average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949.”
This is the truth, and as I always say, truth to the progressive socialists is like sunlight to vampires.
But why is it that anyone would believe the economic policies of these past eight years have been successful? We haven’t dug out of anything, and Hillary Clinton is offering more government programs, more taxes, more government spending, and she talks about infrastructure — so where is the stimulus of 2009?
Hillary Clinton is just singing the same old song – it’s just that for the first time the left has a woman singing it…before it was a black guy. However, the tune still sucks, and they both have pathetic voices — unless you’re deaf to the facts, as it appears the left truly is.
You just have to ask a simple question: are the progressive socialists of the left and their media accomplices combined with the entertainment elites just this dumb — or are they willfully destroying the economic viability of America?
Either answer is damaging, but my assessment is that it’s both. Remember, the definition of insanity is continuing to do the same thing, expecting different results.
Big government socialism is as Sir Winston Churchill stated, “a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery”.
So what part of that quote do the Lenin’s “useful idiots” of the left not understand…or do they understand it all?