Uh Oh: USA Today Brings Up The D Word

Written By : William Teach

Ah, it looks like the media is finally staring to notice what Obama and the Democrats’ policies, added on top of the recession, are a bad idea, though they do tip toe around the Dems malfeasance

.….Such outright wage declines hint at deflation — a generalized drop in wages and prices. The last time that happened in the United States: 1931-33, when prices fell at an average annual rate of more than 8%.

The consumer price index fell for the third straight month in June, dropping 0.1%, the Labor Department said Friday. Less expensive energy bills were a big factor behind the drop. Prices for some food items and airlines fares also fell.

“I think deflation is a very real threat,” says Richard DeKaser, president of Woodley Park Research in Washington, D.C.

Sometimes, deflation can help consumers, but, in the long run, wages decrease badly, and people have no money. If only we had some people in government who understood how an economy works.

Meanwhile, over at the NY Times, Floyd Norris discusses how to tell when a nation’s economy is at risk. Yeah, ours is in deep doo doo.

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UFKA_Smithwick

I have the solution, if only the administration will listen! We need taxes; taxes out the arse. And regulation, we have too many freedoms. Unions must become mandatory and be given complete control of the company.

Also, nationalize anything you can get your hands on and start printing money like there's no tomorrow.

I just hope there's still time to convince Mr. Obama of what needs to be done.
D-Vega

The gov't knows what to do. They are just afriad of doing it. –

Raise interest rates. They've been too low for too long.

Christopher_Taylor

Gotta cut spending too, dramatically and radically. Gotta cut back the Government Health Insurance Takeover Act, too. That has businessmen afraid to do anything.

gfchicago

He is just loath to do anything that President Bush would do. He keeps the bare minimum with President Bush's policies on foreign affairs, but when it comes to domestic affairs, there is no way in hell that he will continue any of those policies.

I swear the man loathes President Bush, after all it's all Bush's fault don't cha know.

tblrk2006

Obama the great, with his super majority is afraid to do something?
UFKA_Smithwick

If he's “afraid” to do something that he knows will work and make the sky rain unicorns and the economy spring back to life on the basis of: well I have the whitehouse, supreme court, congress, and media in my pocket but a handful of republicans may make fun of my ears again, the he doesn't deserve to be president.

gfchicago

November can't get here quick enough so that we can re-leave the dems from having control of congress.

earlgrey133

My fear as indicated below, and is probably the bet of the Obama administration, is that he will play nice and pretend to cooperate with republicans, while the media paints them out to be the big bad wolf. There is nothing the republicans can do to undo the damage HCR, financial deform.

So then the economy turns around and he has the public sympathies come election time and wins.

gfchicago

I don't know that Obama has the will power that Bill Clinton did. Lets face it Bill always stuck his finger in the wind to see which way it was blowing and came out smelling like a rose so to speak to get elected to a second term. I think that Obama is too much in to his ideology, plus he thinks he is the king rather than the President. One other thing Obama is a total idiot. I believe that he gets his marching orders from Soros and the UN,
earlgrey133

Interesting points. I just cling to the hope/belief that things don't every go exactly according to plan, and that is our only hope to slip out of this trap.

http://www.facebook.com/profile.php?id=710563289 Jim O'Quinn

B-Rock the Islamic Shock Super Allah “Soros” Bin-Biden Obama is on a roll:

- Fair pay
- Recovery Act
- Credit card reform
- Health Care Reform
- Student loan reform
- SCHIP Expansion
- Financial Reform reform

Not bad for the “empty suit” with “no executive experience” and lets not forget:

- 9+ Point swing in GDP
- No longer losing 800,000 jobs per month
- Stock market up +20%
- Reduced deficit spending 7.6% in one year

tblrk2006

What recovery? Nationalizing entire sections of the economy, calling that refrom, and seeing things tank even more is good? Your on crack son.
http://www.thepiratescove.us/ William_Teach

And each and every one of those pieces of legislation were outsourced to Congress.

But, hey, don't forget the record deficits, Jim!
Mediumheadboy

And no doubt troll-boy thinks… excuse me, feels that those are all good things.

earlgrey133

Anyone here think the economy will improve just in time to get Obama elected?

http://conservativebootcamp.com Martin Hale

I'm sure that's the plan. Whether they can make it happen is entirely another matter. We'll see.

gfchicago

I don't think so Martin. There are too many people such as myself that still can't find any kind of employment.

I've applied for jobs that I qualified for and jobs that I'm over qualified for. The ones I'm qualified for usually go to much younger people, because they don't want to pay for my experience even when I tell them that I'm willing to negotiate.

I've even applied for data entry jobs and I've dumbed down my resume for those particular jobs and they still tell me I'm over qualified. I've been un-employed for over a year. I've just about given up at finding any kind of job.

I believe that it is Obama's and the currently controlled dem congress that is causing all of this angst within the business community, because of all of the un-certainty.

God I despise the dems, they always manage to screw up anything good in this country when they get into power.

http://conservativebootcamp.com Martin Hale

Yeah, gf, I don't think they'll be able to make it happen either. But I do think that's been their plan all along – get the economy to bounce sometime before the elections and hope that they can keep their majorities. It was always a cynical and self-serving plan, but if they're able to pull it off, they could well stanch the bleeding of public support.

I was just over at Hot Air and was looking at the chart they have up showing that at our current rate of jobs creation, it's going to take until 2022 to replace all the jobs lost during this recession. That alone should get the Donks bounced out of DC and never invited back.

Mind if I ask if your job search is confined to your local area, or are you looking more broadly? I ask because both my daughter and her significant other have been in the job market within the past twelve months and he found work quickly (~2 months IIRC), and she's closing in on an offer as I write this after about 3 months of looking. But both started out in SE Michigan and were committed to going wherever the market took them. He got a position with some quango in E. NC, and she's been fortunate enough to find something in the same area. But she was prepared to go elsewhere.

earlgrey133

congratulations for your daughter.
gfchicago

Martin, I've been looking all over the U.S. and I'm more than willing to relocate, I'm a military brat and we moved on the average of every two years when I was a child. So moving with me is not an issue.

A lot of the head hunters that call me tell me that if I'm not local the company that they represent will not even look at my resume.
gfchicago

Oh and by the way congrats to your daughter and her significant other on their job finds.

Did her significant other find a job in the Wilmington area? I live here in the Raleigh area and the job situation is really tough.
http://conservativebootcamp.com Martin Hale

He's in Elizabeth City. He's a traffic planner for a multi-county agency in NE NC. Her position will be with a county health department, but I'm afraid I don't know the county name. The key for both of them is that these are government or quasi-government jobs. No recession there!

Christopher_Taylor

I don't see that happening, not even close. I do see a huge push to make it seem like the economy is doing better. Anybody else remember the Clinton Administration cooking the books to make it seem like there wasn't a recession for the 2000 election?

But like I've said several times here, its a lot harder to convince people things are better than they are.
UFKA_Smithwick

I see the officially reported stats improving right around election 2012.

The actual economy, no, not so much.

Christopher_Taylor

Zbignew Brzezinski brought up the “m” word too recently; malaise.

Ed Klein on ‘The Amateur: Barack Obama in the White House’

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