The Looming Obama Depression

[Geee]

Townhall:

The longer President Obama refuses to acknowledge the direction of our nation's economy the greater the impact will be when the looming depression that awaits is named in his honor. For a leader who has had the advantages of an Ivy League education, he seems to be an excessively poor student of history. But in 120 days no one will be able to dispute that the economic mess the United States finds herself in belongs to anyone except President Barack Hussein Obama.

The basis of this reality is rooted in two truths that became quite pronounced this week. The first is that President Obama is ignoring the very real direction the nation is headed. The second is that he is purposefully ignoring the impact his looming historic tax increases will have. Both are contributing to the pessimism that overarches the morale and tone of the entrepreneurial framework of the future.

This week President Obama took to the White House press corps and by extension to the nation to claim that the nation saw job growth of 67,000 jobs in August. Even if this number was real it would be a pitifully tiny percent of the 14,885,000 who are both on unemployment (1 in 10 Americans) as well as those 23,768,000 who are underemployed (working but not earning enough for basic needs - 1 in 5 families).

[cudjo]

I pray every day that this great country will hang on until that idiot is out of office.