I'm No Economist But the Numbers Just Don't Work
I'm no economist, but how can any recovery be a lasting one when the American consumer is so strapped? The common theory goes that the consumer drives about 2/3's of the economy. Here are some facts about the consumer:
> 9.4% unemployment rate and climbing. The unemployment rate does not take into account the millions of people who have taken pay cuts, had salaries frozen, benefits cut, or that are working in new jobs that pay less than their old ones.
> The savings rate in this country has grown from ZERO to 6%. People used to spend ALL of their paychecks and then some. Now they are paying down debt and saving like never before. A 6% increase in savings should equate to a 6% decrease in overall spending. Of course, the consumer can take advantage of more discounting by retailers as they scramble after fewer spending dollars.
> Home prices are declining and foreclosure rates are up.
> The consumer confidence index is getting more positive, but considering where it's come from, that isn't saying too much.
> Gas prices are heading north again. They are certainly much lower than last year, but appear to be headed to $3.00 again.
With the consumer so strapped and worried about the future, the numbers will probably get worse before they get better and the economy will limp along for the next year or two.
Now is NOT the time for Blank Check Obama, the Bankrupter-in-Chief, to keep piling on these stupid, massive spending programs which will ultimately cripple the economy and doom whatever anemic recovery we are all hoping for.
It's time for this Hope and Change to be derailed, but it can happen if a motivated conservative movement shows some guts and takes a stand before it is too late. Obama is trying to take this country down the wrong road in his voracious quest for power and glory. It's time to stop all this liberal nonsense.

It's Time to Take America Back from the Liberals !
> 9.4% unemployment rate and climbing. The unemployment rate does not take into account the millions of people who have taken pay cuts, had salaries frozen, benefits cut, or that are working in new jobs that pay less than their old ones.
> The savings rate in this country has grown from ZERO to 6%. People used to spend ALL of their paychecks and then some. Now they are paying down debt and saving like never before. A 6% increase in savings should equate to a 6% decrease in overall spending. Of course, the consumer can take advantage of more discounting by retailers as they scramble after fewer spending dollars.
> Home prices are declining and foreclosure rates are up.
> The consumer confidence index is getting more positive, but considering where it's come from, that isn't saying too much.
> Gas prices are heading north again. They are certainly much lower than last year, but appear to be headed to $3.00 again.
With the consumer so strapped and worried about the future, the numbers will probably get worse before they get better and the economy will limp along for the next year or two.
Now is NOT the time for Blank Check Obama, the Bankrupter-in-Chief, to keep piling on these stupid, massive spending programs which will ultimately cripple the economy and doom whatever anemic recovery we are all hoping for.
It's time for this Hope and Change to be derailed, but it can happen if a motivated conservative movement shows some guts and takes a stand before it is too late. Obama is trying to take this country down the wrong road in his voracious quest for power and glory. It's time to stop all this liberal nonsense.
It's Time to Take America Back from the Liberals !

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