This just in! Retail sales were the strongest they have been in months this September….the recovery has begun!
That is what all the financial pundits want you to believe but there is more to this story than the increase in sales thanx to Black Friday and Cyber Monday….really! There is more to it!
But now…for something completely different……..
The Middle Class will keep their tax cuts…..hooray! But so will the wealthy……..and the promise is that they will start creating jobs because now they know they can keep their money…..think about that logic for a moment……..(pause here for reflection)….but at least the unemployed will keep some of the benefits that come with that stigma…..
By the by…..the tax cuts for the wealthy will add about #4 trillion to the debt….which apparently is NOT that important to the GOP when it comes to aid for the wealthy…..but that is something that they will coat over with some sort of silver lining…..
The whole argument from the GOP was that if the wealthy kept their tax cuts they would start investing in the economy again and thus would start creating jobs….so the GOP held up the unemployment to get their buds more cash in their pockets….think about that for a minute……(another pause for reflection)……….
Another point and this one from the head doodah of the FED…….
The nation’s unemployment rate, which has been over 9 percent for a record 19 months, is not likely to return to “a more normal unemployment rate” of about 5 percent or 6 percent for four or five years, the Federal Reserve chairman said in an interview with the CBS News program “60 Minutes” broadcast on Sunday night.
And then there is this bit of news……
Most observers expect no signs of a turnaround anytime soon. The Federal Reserve has predicted that unemployment will be around 9 percent by the end of 2011, and around 8 percent by the end of 2012. As Dean Baker of the liberal Center for Economic and Policy Research wrote Friday:
Does not sound like he expects too many jobs to be created for an extended time…..and yet the idea has been sold that if the wealthy keep their cash they will start up and begin created jobs…..think about that, please…….(a pause for reflection…one more time)…..
The GOP is correct in their thinking….the jobs will start pouring in on or about 01 January 2011. Or could it be that they will just continue buying luxury items and say “screw the jobless”?
My money (both physically and literally) is on the latter!
And guess what….if the jobs do not magical appear, then it will somehow be all Obama’s fault…….well do not hold your breath…besides there is NO proof that tax cuts create jobs….only in the lying heart of a politician…….
Hey voters! You asked for it….you got it…..what? A good humping!
Allow me to be blunt here……IT IS ALL A LIE!
To quote a famous pitch man…….”can you hear me NOW!?”