Read it at Multiplier Effect
Bernanke Visits Alternate Universe
by Michael Stephens
The alternative universe is Sen Charles Grassley (R-IA). As someone who has lived in Iowa for some time, I can attest that Sen Grassley does indeed represent an alternative universe. It is interesting, though. Sen. Grassley does know what the Fed's mandate is. I guess his staff prepped him.
I have to say it's Obama in the alternative universe. Here is a list of his victories which he says qualifies him for a re-election victory. What's Barry smokin'?
ReplyDelete-Our national debt has risen by about 50 percent since 2008.
-Our states are in more debt than ever.
-Our local governments are in more debt than ever.
-The U.S. economy has lost about 6 million jobs since 2008.
-Approximately 14 million more Americans have gone on food stamps since Barack Obama became president.
-More Americans are living in poverty than ever before.
-New home sales in the United States hit a brand new all-time record low during 2011.
-The number of "long-term unemployed workers" has more than doubled since Barack Obama entered the White House.
-The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.
-Despite claims that things are "getting better", the truth is that the percentage of Americans that actually have jobs is almost exactly the same as it was two years ago.
That's why I put since 2008. Does that year ring a bell for you? Obama won the election, and demoncrats held both Houses of Congress. Truth really is a pain in the arse. Hope and change my arse, and yet we still have true believers like yourself that seem to be drawn to the flame because the light is so pretty. LOL!
ReplyDeleteThat's why I put since 2008. Does that year ring a bell for you? Obama won the election, and demoncrats held both Houses of Congress. Truth really is a pain in the arse.
ReplyDeleteYou are talking like the O admin created the problem. It did not. It inherited it. The question then becomes what could have been done better to meet the challenge?
Remember the blow up occurred on Bush's watch, as did the bailout. What would the opposition have done that would have worked better than what the O admin did?
Let's hypothesize and ask what would be different if 1) this were a Bush administration, 2) a McCain administration, and 3) a fiscal conservative controlled Congress.