Well folks, it's gone and, apparently, it ain't coming back, at least, not anytime soon. And who is it that we have to thank for it? Why, none other than our "Dear Beloved Leader," Barack Hussein Obama, hm, hm, hm. By the way, that to which I am referring is our pre-recession economy. At least according to some pretty smart folks who ought to know. “The economy that we had before the recession is gone,” said Kenneth Goldstein, an economist for the Conference Board, a group that provides economic and business advice and research to its member companies. He adds, “It’s not coming back.” This is far from being a startling revelation to anyone who has been paying any attention, because this has been Barry's intent from the very beginning.
The U.S. economy is being, to use some of Barry's favorite terminology, fundamentally transformed into something new but not necessarily improved; it has become an environment where businesses now choose to invest less and consumers have fewer dollars to spend, at least that's the way Mr. Goldstein described things to "The Huffington Post" in a recent interview. So what would is it going take for us to return our country to its pre-recession growth? Again, according to Mr. Goldstein, “businesses, consumers and the government would need to spend at least $1 trillion more than they are likely to spend in order for the economy to return to its pre-recession growth rate.” And we know that that ain't gonna happen, not in this Barry created investment environment.
And at this particular point in time no one is going to be willing to invest the kind of money necessary to jumpstart our economy, since we consumers are nervous about spending what little disposable income Barry has left us, and businesses are less inclined to invest because they can now expect a lower return on their investments. Barry has been very determined in his efforts to destroy our economy, his continuing rhetoric about creating millions of new jobs notwithstanding. Despite his many minions out there declaring that his stellar leadership in bringing about an economic recovery, albeit being too slow, it's all pure fiction. There is nothing currently going on that in any way would indicate a recovery is taking place. It's all smoke and mirrors based on nothing more than lies.
The main problem is that consumer expectations for the future are now at an all time low, having all but disappeared entirely, Goldstein said. Consumer confidence has been stuck at recession levels for the past four years, that according to the Conference Board’s Consumer Confidence Index. “Like consumers, businesses are spending less because they have lowered their expectations of future income,” Goldstein said. “While businesses could expect returns of 8 to 12 percent on their investments before the recession, they are now expecting returns of about half that amount. If they raise prices too much, consumers will choose cheaper alternatives.” And all of this can be traced right back to Barry "Almighty." He has smothered the life out of our economy through mountains of useless regulations.
“Now that people’s homes are often worth less and credit is expensive, people are relying on their wages to be able to spend money — and their wages have barely been growing,” said Lynn Franco, director of the Conference Board’s Consumer Research Center. Economic growth will be slower than it was before the recession for the near future, since consumer spending comprises two-thirds of the U.S. economy, according to Franco. “If you just take a look at the fundamentals alone,” she said, “you cannot get back to the levels of consumer spending that we had prior to the crisis.” Again, this entire scenario comes to us courtesy of none other than Barry "Almighty" and the Democrat Party. Complete economic collapse is their goal and they are getting closer and closer to reaching that goal.
So this is where the socialist policies of Barack Hussein Obama have gotten us, teetering on the brink. Now he can continue to make the claim that all this is because of what he inherited from the wild excesses of the previous administration, but that's nothing more than a distraction. While the economy was definitely in a down turn when Barry first came diddy-boppin into the Oval Office, where we are today is because of him and no one else. The destruction that he wrought has forever altered the future of this country and for our children and perhaps even our grand children. And if he is permitted to serve another four years the future of our great-great grand children will also be laid to ruin. We Americans have got to get our collective act together, and soon.
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