Friday, May 08, 2009

Are we headed in the right direction?

According to an ABC/Washington Post poll, 50% of the people polled think the country is headed in the right direction, economically. That's up from the 19% that thought the same the week before The Chosen One's inauguration.  You will also notice that in that same time period, the media has focused on postive economic news (what little they could find) and the new 'glimmers of hope' that the Obama team seems to be finding in the dung-heap that used to be called the American economy.

Funny how once it became The Chosen One's economy, the media finds positives, but that really doesn't surprise anyone, does it?  But let's look at the numbers:
Unemployment:  Highest since the Jimmy Carter Recession under Ronald Reagan in 1983.  And those numbers are suspect, since the US Government is hiring a ton of people for the new stimulus work as well as the census.  Those aren't permanent jobs, once the money runs out (or the project in the case of the census) those people are unemployed again.  And the really messed up part of the whole report?  It's being taken as a positive because job losses were slower than expected.  Love that Orwellian doublethink.
Chrysler:  Bankrupt.  Investors/Creditors being picketed by SEIU labor members at the behest of the Obama administration to pressure them into taking a much worse deal than they should.
GM:  Almost bankrupt.  Probably will file bankruptcy when the government rejects their latest recovery plan at the request of the UAW.  The UAW wrote a letter to the government requesting that they reject the plan because it included cutting almost 30,000 union jobs.  No selfishness there.
Federal Reserve:  Trillions of dollars of both on balance sheet transactions and off, that no one really knows who has the money.  Trillions, with a T.

Come on people, get a clue.  Just because the media and The Chosen One tells you that things are getting better, we're suddenly headed in the right direction?  Anyone notice that the Swine Flu turned out to be a non-story in the US about the same time that GM was ready to declare bankruptcy and Chrysler does?  Coincidence?

Obviously I'm preaching to the choir, because if you're here, you're smart enough to know the majority of what I've said here.  But hey, us great minds need to stick together.

No comments: