Democrat party lies and propaganda vs. economic reality
The American people called for greater economic fairness, and we pledge to work for an economy that enables all Americans to participate in the economic success of our country.
While this statement might be accurate, the problem is that most Americans are “participating” in a crappy economy.
The economic reality:
The recovery is losing so much momentum that employers are unlikely to step up hiring anytime this year, and unemployment could return to double digits.
That was the bleak conclusion of analysts Friday after the government said economic growth crawled at a 2.4 percent pace in the spring. It was the economy’s weakest showing in nearly a year. And many economists think growth is even slower now.
Consumers spent less, companies slowed their restocking of shelves and the nation’s trade deficit exerted a stronger drag on the economy in the April-to-June quarter.
“We’re headed into the third quarter with little momentum, and most everything is tracking weaker,” said Mark Zandi, chief economist at Moody’s Analytics. “Because of that, I expect unemployment to rise back to double digits, hitting 10 percent in December and staying there early next year.”
Businesses stepped up their spending last quarter, propelled in part by government stimulus. But those gains aren’t likely to be repeated, economists said.
Yeah, so the $787 million stimulus package failed miserably and the economy is swirling the drain. After all these years, Democrats are still lousy at handling the economy.
But that doesn’t stop the administration and Democrats from travelling the country and lying about its phantom success.
The real question is: will the American people use their power to vote these morons out of office?