Tag Archives: Federal Reserve

Obama sets another record: The worst economic “recovery” in U.S. history.

Obama just keeps making history! “The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.” It turns out that “U.S. GDP “growth” since the “recovery” is now the worst in U.S. history, having just dipped below the heretofore lowest on record.”

However, Democrats believe that the American people are stupid (why wouldn’t they, when 46% of Americans still support Obama despite his failed presidency?)– so they are touting the claim that this is “the best-looking contraction in U.S. GDP you’ll ever see.”

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Unemployment Rate goes back up!

After Obama manipulated the unemployment numbers so he could win the November election, the unemployment rate has shot back up to over 8%. However, Obama has ensured that his devoted followers– who have sacrificed their values for a few extra dollars (the value of which continues to plummet)– will not suffer under this new Obameconomy: he has hired 101 new federal employees per day, using American taxdollars, since taking office in January 2008.

Update: In fact, the Federal Reserve has now projected that the unemployment rate “will stay elevated until late 2015.”

Update #2: The unemployment rate is the same in January 2013 (as Obama starts his second 4-year term) as it was on the day he took office in January 2009. NO PROGRESS WHATSOEVER.

U.S. credit rating drops again

“In April, Egan-Jones cuts the U.S. credit rating to “AA” from “AA+” with a negative watch, citing a lack of progress in cutting the mounting federal debt.”

And now, ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.