There are further signs that Barrack Obama’s jobless “recovery” is, in fact, no recovery at all. The latest indication of the fundamental unsoundness of the American economy is found in statistics from the Commerce Department. According to that department, the sale of new homes plummeted in January to the lowest rate recorded in fifty years. As The Washington Post reports:
As the economic crisis in the European Union grows day by day, there is a proportionate degree of speculation around the world about the final extent of the damage that will be done by the looming collapse of the euro. According to Daniel Mitchell, a contributor to Forbes.com, many individuals among the wealthy elite in Europe are already planning to flee their respective countries for safe havens in nations such as Costa Rica or Australia. Meanwhile, the British Foreign Office is making plans to evacuate Britons from the Continent in the event of widespread rioting.
United Nations Secretary General Ban Ki-Moon believes that there is a global environmental crisis that requires looting the Western economies to the tune of trillions of dollars in coming years. But such financial plundering apparently will not be standing in the way of a quite substantial pay increase for United Nations employees.
If it sometimes feels like almost everyone is on the government dole except you, there may be a reason for that sensation: According to a recent study one-third of all income in the United States comes in various forms of “social welfare benefits.”
The continuing implosion of the U.S. economy in the aftermath of unprecedented federal bailouts and unemployment programs has now brought forth a stunning loss of 484,000 jobs in a single week. What remains uncertain is when this news will penetrate the consciousness of policy makers in the White House and on Capitol Hill.
The New York Times is now reporting what many Americans have figured out already: The Obama “recovery”) is a jobless recovery, leaving millions of Americans lacking the one thing that concerned them the most.
A bipartisan group of Senators are charging the Obama administration with knowing that the latest round of proposed regulations from the Environmental Protection Agency (EPA) will cost many Americans their jobs, while suppressing that information from the public.
The latest outburst from a doyen of what's deservingly termed "lamestream media" is further proof of the senescence of “big three” television news. In fact, there was a strange sense of a circling of the wagons as Ted Koppel took to the pages of the Washington Post in a November 14 editorial. Koppel engaged in public handwringing over the absence of "objectivity" from cable news broadcasts — as if the memory of decades of liberal bias at ABC News and the Post would be washed away by one more invocation of the tired myth of unbiased journalism.