plaasjaapie

On a Disastrous Jobs Number, Recession is Obvious

I get so sick of people like this guy talking down the economy. This twit knows very well what the definition of a recession is. Like every journalist with an leftist agenda, however, he goes to great lengths to convince people that one isn't happening. Mind, we may have one at the end of the quarter after next, but regardless of this creep's "analysis" we haven't got one yet.

Actually, given the oil shock that we've experienced in the past six months, half of Mexico moving up here and flooding the job market and, out here in California were an envirocrazy judge just shut off one-third of the state's water supply because some damned "endangered" smelt was getting caught in the water supply pumps it's amazing we're all not cooking over campfires in the back yard.

For those of who can remember, our economy went belly up back in the 1970's and we did really have a big-time recession and a nasty thing called "stagflation" which meant that home loans hit 18%. The economy was a LOT more fragile in those days.

What's scary is that the economic prescriptions that Obama has in mind are almost identical to the ones Jimmy Carter and Jerry Ford put in place back then. I don't know what the hell McCain has in mind but he's a committed "lets keep all our buying energy from overseas nutjobs instead of drilling and mining any here" and totally opposed to actually having a southern border that means anything just like the looniest of the leftists, so I haven't a lot of hope from the "right". :-(