The drive by media continues to shill for Obama. The economic numbers are in the tank but they continue to spin the numbers for Obama. At least for now.
But is it possible that wall is now cracking with at least one major network mentioning the dreaded “D” word?
The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.
“We’re in a very unfortunate position to be here,” Richard Duncan, author of The New Depression, warned on CNBC’s “Squawk Box Europe” Monday.
“When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression,” he argued.
“If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it.
Finally someone in the media is throwing the “D” word around.
We are in a depression. It is the Great Obama Depression. The problem we have is the media will not call it that and the Republicans lack the courage to call Obama on it, or the media or to advance the narrative themselves.
Does anyone really doubt that if Romney takes over in January, in a very short time the economic downturn will be referred to at best as the “Romney recession” or the Romney depression.
Back in 2006, the last time the Republicans controlled all three branches of government, unemployment was at 4.6% and the economy had grown for 52 straight months.
Now we suffer from the Great Obama Depression.
Could someone please tell me why Romney can’t get on the damn attack? He has a great and obvious narrative that he can hit and that Obama cannot disprove. The last time Republicans controlled government, the economy boomed. Obama and the Party of Treason have driven the economy into a depression.
Why the hell isn’t Romney out there with this narrative? Instead he wants to argue about his days at Bain Capital and get all pissy because Team Obama accused him of committing a felony.
What is it with Romney? Why the hell can’t he attack Obama on issues that will hurt him instead of playing to Obama’s strengths?
Obama and his team continue to do everything they can to destroy the American economy. If they were merely incompetent, the law of averages dictates they would have done at least one thing right. They have taken every step possible to damage our economy.
Rush was right. Obama hates America.
Real Americans desperately need to unite and throw this fool out of the White House and all we are getting from the Republicans is a candidate who cannot fight.
The republicans don't want success again, but what I don't understand is if BO gets elected again and he will with using chicago politics and spain counting them, he will eliminate the congress as we know it. He will PHYSICALLY TAKE total control of America. You don't believe Me, if we continue to go as we are then it will happen. I pray everyday that this does not happen but OB is H--- bent on doing it. He is a 21 century Hilter.........
No Wendall, I don't believe Obama can do that and I don't think he will try. If he does, he will need to kill me and a lot of other people who would never let that happen to America.
My concern is that there are now so many worthless parasites sponging off the taxpayers. These people who receive government checks every month (or every year as a 'tax' return for 'taxes' they never paid in) will continue to vote themselves more handouts. They don't give a DAMN if America goes broke, so long as they receive their 'free' taxpayer funded cash and medical care.
Once the number of voting parasites reaches 50% or more (we are well on our way) and we have the programs and laws in place to continue to hand over our money, then we are headed for a new American Revolution. It won't be pretty.
Thanks Steve, point well taken, BO has blamed the economy on everything else but his own ignorance, now the drought in the west is another excuse, What are some thoughts on that? This drought could be spun into: "It is not my fault we had a drought" so we have to pay higher prices or give into more foreign junk.
Team obama with the latest OBOZO Statement is crappy.
"Some one helped you get wealthy".
Here is the sum statement of who helped me get wealthy.
In the summer of 1961, I got to a permanent military base from basic training.
Within a few weeks, a Major who severed gallantly in WWII, told me, "Billy, you are so dumb you do not know enough to know what you don't know." (After all, I had 18 years of farm experience, knew how to plow mules, and was about as ornary as my old mules".
Then 52 years later, this Mule's behind setting in the Whitehouse Says I did not retire successfully because someone helped me.
Sure wish the idiot would tell me who. (It wasn't the military - they racked my arse enought to encourage me to study and learn).
Reminds me of being in a large Computer Design Center. One individual was so distressed with his job and the perpetual changing of the game plan by government, he had the following slogan embossed on his business cards.
"Another one of those Know It all Son of Bitches from the Air Force Data Systems Design Center".
So government never rewarded us for our intelligence either.
Just where in the HELL DID OBOZO get his speech from - WAL-MART?
Speaking of WAL-MART (Next Email in my file)
Appears to be an Obama Community Organizer Event:
Flash mob causes havoc at Walmart
YouTube video shows teens throwing food, merchandise around the store
"To allow one person to silence another, merely because truthful words offend, would result in no freedom at all."