THIS. Anybody who doesn't see that we've been kicking the can down the road, and in the meantime have raised our debt load to new heights, is just drinking the Kool-Aid. There are still massive numbers of unforeclosed homes out there, a realistic look at unemployment and hiring shows that any drop in unemployment that we have seen is just from playing with the numbers. But by all means, go ahead and invest in the stock market. It may work as a hedge against hyper-inflation. But don't come crying to us when it crashes when the euro crisis hits.
Poor conservatives; their last chance of any hope to take the presidency is slowly crumbling before their eyes. Despite all attempts to keep the economy stagnate, Despite all attempts to keep the employment rate high, Despite all attempts to block every policy put before them, America is going back to work, the economy is revving up, people are optimistic again.
And why the GOP has suddenly pivoted away from "the most important issues... the economy and jobs!" and now are hanging their collective size 6 hats on such important issues as whether the Catholic church should need to offer access to contraceptives to church employees (while praying that the improving economic picture stops).
I think this is the exact reason why conservative rural America is not responding THAT well with Mittens. Mittens has been straight calling out Obama on the economy at every speech. He has nothing else in his arsenal. In 10 months, when the market even higher, Obama's motto will be "told ya so". What will mittens run on then? I think that people are seeing the economy recovering and are flocking to Santorum for his social conservative values. This can be seen by Santorum's recent wins. But still, many have put too much into Mittens "obamanomics sux" stance right now and it won't hold water come election. It's too late to swap to Santorum or Newt.
Republicans v.2012 = Democrats v.1984 Repubs 2012 - Mitt Romney, Newt Gingrich, Rick Santorum, Ron Paul Dems 1984 - Walter Mondale, Gary Hart, Jesse Jackson, George McGovern The Repubs of 2012 are in just as much disarray as the Dems were in 1984. During Reagan's first term, we were in a recession, and he put in economic policies that caused the Dems to howl, yet by election time in 1984, the economy was beginning to recover. Nowadays, insert Obama for Reagan and Repubs for Dems and it's eerily similar. It's like history repeating itself with role reversal. Obama will trounce whoever the Repub nominee is, just like Reagan kicked the hell out of Mondale in 1984. Remember...you heard it here first! :grin:
I read an article last week that postulated that the reason we are seeing so little inflation as a result of the massive Federal money creation is that is being offset by the money destroying effect of the home equity losses. The net wealth of Americans is actually smaller despite the flood of printed money entering the system; so, there isn't really more money chasing the same amount of goods like everyone expected. Also, as the fortunes of war go, this mild winter has to be a godsend for strapped energy consumers and municipal governments. I'd like to see the estimates of how much money is being 'not spent', (can't really say saved).
