The United States reported yesterday its first quarter GDP growth
at 0.1% … see:
My Way News Story.
Wow ... a measly 0.1%! This is clearly flat-line economic growth after 4.5
years of mucho-trillions of dollars of fiscal pump-priming by this administration and
the unprecedented monetary expansion by our Federal Reserve Bank.
This anemic financial news, instead of being reported by banner front-page headlines
in the
New York Times was relegated
to the “Business Day” sub-section of this Obama public relations rag.
Can the media suppress this bad news until after this fall’s
elections? Sure … it has a quiver full of Obama’s distracting phony stories to mitigate such voter downsides … the war on women, increasing the
minimum wage, rampant racism, the Koch brothers, immigration reform, etc. Yes,
the stock market is up substantially since 2009 … primarily due to the Federal
Reserve Bank’s easy-money policies. Yes, “reported” unemployment is down to
6.7% … mainly because over
three million otherwise-employable adults have dropped out of the
work force … see: Christian Science Monitor Story.
It is clear as glass that this administration cares not a
twit about economic growth or reducing real unemployment. There are a plethora
of levers that they could pull to improve things … meaningful tax reform, oking
the Keystone pipeline, more international trade reforms … particularly in the
Far East and in Latin America, reducing bureaucratic regulations, reforming
entitlements, streamlining government, etc.... none of which seem to be being grabbed.
Actually when one ponders this anemic economic growth, one
could easily justify this 0.1% number just with the extravagant spending that
taxpayers are footing to keep the Obama clan living in the luxurious style to
which they have become accustomed … see:
WND Story.
