Dear Barack... You Forgot To Mention A Few Things

Tyler Durden's picture

Submitted by Gary Kaltbaum via GaryKaltbaum.com,

While my President was out this week patting himself on the back and taking victory laps over the "supposed" 4.9% unemployment rate, he forgot to mention a few important tidbits about what is really going on. We used to call them termites...the termites that were eating away at the economy because of foolish monetary policy by assinine central banks and even worse policy emanating out of this administration...but they are no longer just termites. The eating away of the economy has given rise to serious problems already front and center as well as the problems to come. But there was no mention of these FACTS by my President! It is simple! You cannot "easy money" your way to longer-term economic Shangri-la. You cannot tax and spend your way into a longer-term strong economy. You cannot create massive amounts of mandates, regulations, fees, fines and all that crap and turn it into longer-term strength that will feed on itself.
 
My President forgot to mention:

  • The labor participation rate has conveniently continued to crash since the administration took over enabling the unemployment rate to be lower than reality!
  • This administration and the economy has been the recipient of 0% rates since becoming President...the recipient of $4 trillion-plus of printed money here and depending on the abacus you are using, $15-20 trillion of printed money around the globe...leading to a responding market to all the printed money creating a faux wealth effect that now goes into reverse. Very simply, the easiest monetary policy in the history of time!
  • Deflation almost everywhere except for your healthcare premiums and deductibles.
  • GDP under 1%.
  • The Baltic Dry Index hitting another new all-time record low.
  • U.S. factory orders that have now dropped for 14 months in a row.
  • Orders for class 8 trucks (the big ones) declining a measly 48 percent from a year ago.
  • Junk bonds continuing to crash!.
  • The Restaurant Performance Index falling to the lowest level since 2008.
  • A major slowdown in rail traffic!
  • Corporate profit margins peaking during the third quarter of 2014 and heading lower since.
  • Food stamp beneficiaries...at or near all-time highs.
  • Homelessness...not good!.
  • Welfare spending...a measly $1 trillion/year through over 80 different federal programs.

Retail crashing:

  • Wal-Mart is closing 269 stores, including 154 inside the United States.
  •  KMart is closing dozens of stores.
  •  JC Penney shutting down almost 100 stores.
  •  Macys shutting 36 stores.
  •  The Gap closing 175 stores.
  •  Aeropostale clsoing 84 stores.
  •  Finish Line closing 150 stores.
  •  Sears shutting 100s of stores.
  •  Massive sales and earnings misses by Kohls, Bed Bath and Beyond, Best Buy, Ralph Lauren and many others. All this while oil prices have crashed.

And of course:

Creation of $8.4 trillion of new debt under your watch! That's over and above the already assinine amounts of taxpayer dollars you receive. That's after you saying you would go line by line through the budget to root out all the waste and stating you would cut deficits in half.

 

Despite you saying you lowered the deficit by 50%, you forget to mention it was you who inflated the deficit in the first place.

 

The CBO now says deficits are going to double to back over $1 trillion/year very soon...and total debt will head into the high $20s (trillion)!

Lastly...the markets. The markets, being a great forecaster of the future...well, let's hope this time the markets are wrong!


 
Mr. President, we wish we could say you are leaving us with a rotting economy... but we are worried we are past the point of rotting as you leave this country much more in debt than when you came in. Anyone can become rich by getting an infinite amount of credit cards and maxing each one out before receiving the next one. It just never ends well. Someone always pays in the end!

*  *  *

Still buying the "hope"? Still think the skeptical naysaying non-patriots are "peddling fiction"? Well 9 charts paint a thousand words...

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Croesus's picture

Yeah, in terms of prison population, you're right! 

Yay freedom! 

Don't worry though, tonight's the big night!!!! It's time for another Stupor Bowl ! 

Manthong's picture

Besides big red arrows, I’ve got  a few good looking  US birth certificates in the back that I would let go cheap.

Nutsack's picture
Nutsack (not verified) Manthong Feb 7, 2016 6:46 PM

Obama is a serial lying, racist homosexual muslim knigger from Kenya. How do I know? Because the greedy lying socialist jew media says he's not.

HowdyDoody's picture

Dear Obomber,

Here is a video of your ISIS thugs releasing some captured SAA prisoners, then telling them to run or die. All 50 or so unarmed soldiers die in the pre-planned field of fire.

https://www.youtube.com/watch?v=8l3nybD0Uv8

 

strangeglove's picture

"Forward Comrade Choomy"

Obozo Boozing Bitchez!

fU bernJanke

erkme73's picture

"Deflation almost everywhere except for your healthcare premiums and deductibles."

I call bullshit.  My grocery cart at walmart has never been higher.  Quite frankly, I'm getting real sick and tired of people parroting the low inflation rate.  Sure, if all you buy is electronics or gasoline - but the rest of us have to deal with shopping carts that cost upwards of $300 to fill with basic necessities.

wee-weed up's picture

 

 

Obozo peddles lies of both commission & omission...

He's a Equal Opportunity compulsive liar.

Of course, his sycophant MSM will continue to just look the other way...

So he'll continue doing it.

What a pitiful excuse of a President of our great country!

Don't you just love political correctness?

The Grim Teacher's picture

 

 

"What a pitiful excuse of a President of our once great country!"

 

There fixed it for ya.... ;-)

DownWithYogaPants's picture

Borrack not bright. He from Kazakhstan.

DownWithYogaPants's picture

What do you expect to have low incarceration rates with all the Mexicans and Niggerians in the USA???

Croesus's picture

The incarceration rates here, have as much, or more to do with the fact that EVERYTHING is a crime...

Gotta keep those employment numbers up, in the "Just Us" system. 

 

Nutsack's picture
Nutsack (not verified) Croesus Feb 7, 2016 6:48 PM

wrong, it's mostly kniggers.

 

You may want to check the USDOJ UCR

ali_baba's picture

Termites /rats/snakes/joos eating away at the economy. Time value of money = how the value of goyim money dwindles at exactly the same rate as the appreciation of joo money

https://m.youtube.com/watch?v=61SDwhEU8u8

Not Goldman Sachs's picture

Everythingt cept bankster theft.

Croesus's picture

@ Nutsack: 

Dat's rayciss!

True Blue's picture

Crime, incarceration rates and inflation are not unrelated.

Exempli gratia; in the US, any criminal act that steals or damages property in excess of $400 in value is a 'felony'.

It has been that way since way back when $400 would have bought a brand new, fully equipped Harley Davidson Motorcycle with a sidecar (and with money left over for accessories.) http://i.ebayimg.com/images/i/301544152251-0-1/s-l1000.jpg

Soon, that 'felony' $400 will only be a loaf of bread or a Snickers bar.

See how that shit works? It's a win/win for the thieving PTB.

knukles's picture

He built that almost all by himself.

SILVERGEDDON's picture

" We are all Muslims now. "

" Hope and Change "

" If you like your debt, you can keep your debt. If you don't like your debt, and even if it isn't your debt, you can keep it anyway. "

KnuckleDragger-X's picture

Our first mistake was listening to the self appointed experts, and our second mistake was putting them in charge. We're at the point of a complete system reset with the experts leading the charge off the cliff....

o r c k's picture

See some debt  Say you bet

nmewn's picture

#1 “If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”

#2 “My administration is committed to creating an unprecedented level of openness in government.”

#3 “We agree on reforms that will finally reduce the costs of health care. Families will save on their premiums…”

#4 “I don’t want to pit Red America against Blue America. I want to be the president? of the United States of America.”

#5 “We’ve got shovel-ready projects all across the country that governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created.”

#6 “And we will pursue the housing plan I’m outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.”

#7 “I will sign a universal health-care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.”

#8 “We reject the use of national security letters to spy on citizens who are not suspected of a crime.”

#9 “For people with insurance, the only impact of the health-care law is that their insurance is stronger, better, and more secure than it was before. Full stop. That’s it. They don’t have to worry about anything else.”

#10 “We will close the detention camp in Guantanamo Bay, the location of so many of the worst constitutional abuses in recent years.”

#11 “Allow Americans to buy their medicines from other developed countries if the drugs are safe and prices are lower outside the U.S.”

#12 “We will revisit the Patriot Act and overturn unconstitutional executive decisions issued during the past eight years.”

#13 “Will ensure that federal contracts over $25,000 are competitively bid.”

#14 “We reject sweeping claims of ‘inherent’ presidential power.”

#15 “Will eliminate all income taxation of seniors making less than $50,000 per year. This will eliminate taxes for 7 million seniors — saving them an average of $1,400 a year– and will also mean that 27 million seniors will not need to file an income tax return at all.”

#16 “We support constitutional protections and judicial oversight on any surveillance program involving Americans.”

#17 “If we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home, we will end this war. You can take that to the bank.”

#18 “Will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”

#19 “The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation.”

#20 “We have a choice in this country. We can accept a politics that breeds division and conflict and cynicism…. That is one option. Or, at this moment, in this election, we can come together and say, ‘Not this time….’”

#21 “We’ve got to spend some money now to pull us out of this recession. But as soon as we’re out of this recession, we’ve got to get serious about starting to live within our means, instead of leaving debt for our children and our grandchildren and our great-grandchildren.”

#22 “[T]oday I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay – and that means taking responsibility right now, in this administration, for getting our spending under control.”

#23 “I, Barack Hussein Obama, do solemnly swear that I will execute the office of president of the United States faithfully, and will to the best of my ability, preserve, protect, and defend the constitution of the United States.

cpgone's picture

#11.

Buy from Canada. Super easy and save HUGE.

 

KesselRunin12Parsecs's picture
KesselRunin12Parsecs (not verified) cpgone Feb 7, 2016 6:17 PM

You forgot about paying Peggy Joseph's gas & mortgage...

El Vaquero's picture

Excellent list.  He's told so damned many lies that I can't keep track of them all.  Neither can he.

Baby Bladeface's picture
Baby Bladeface (not verified) El Vaquero Feb 7, 2016 6:21 PM

Helpful hint, is probably easier to maintain a list of truths told Obama. Here is the example:

#1

(Sorry, this as far as I get.)

Radical Marijuana's picture

The great tragedy is the the most successful politicians are almost always the best available professional hypocrites. Social pyramid systems are integrated systems, wherein the ruling classes become increasingly psychotic psychopaths, who have have their matching bookends, which are the people they rule over becoming increasingly impotent and incompetent political idiots.

Obama became President BECAUSE he was the best available professional liar and immaculate hypocrite. The great tragedy is that there are no realistic reasons to doubt that whomever becomes the next President will be even WORSE! There are no good grounds upon which to dispute that the vicious spirals of political funding enforcing frauds are going to automatically get WORSE, FASTER!

http://www.zerohedge.com/news/2016-02-06/federal-reserve-deep-states-central-bank

The Federal Reserve - The Deep State's Central Bank

The essential point with respect to pretty well EVERYTHING:

If you can get control over the government – the only institution that can steal and kill, legally – you’ve got it made. That’s why so much money is spent trying to get elected or to influence public policy.

There has been no real President since President Kennedy was assassinated, and that was successfully covered up. Obama is necessarily a puppet of the Deep State Shadow Government. That social situation has automatically been getting WORSE, FASTER, at an exponential rate, since the unconstitutional income tax backed up the unconstitutional Federal Reserve Board ... OBAMA LIED ABOUT EVERYTHING, OR ELSE HE WOULD NOT BE PRESIDENT! Moreover, those LIES were the best that scientific brainwashing could pay for, to test and develop, in order to become the most socially successful LIES, precisely in order to thereby win elections.

P.S.

Regarding the ways that the Federal Reserve Board is the American King of Fraud, within which debt slavery system Obama always operated, I recently repeated my overview under this article:  How Did The World Get This Way?

 

P.P.S.

the zero hedge manifesto:

http://www.zerohedge.com/about

mcintyre v. ohio elections commission

514 u.s. 334 (1995) justice stevens writing for the majority

https://en.wikipedia.org/wiki/McIntyre_v._Ohio_Elections_Commission

"The interest in having anonymous works enter the marketplace of ideas unquestionably outweighs any public interest in requiring disclosure as a condition of entry."

Vicious spiral feedback loops in the FUNDING of the politics have resulted in  "the marketplace of ideas" becoming not much more than a "cruel joke." 

dogfish's picture

#24 protect whistle blowers.

SILVERGEDDON's picture

Fuck me running.At least Nero could play the fucking violin while Rome burned.

All O'blammie can play is the skin flute and the sack butt.

GhostOfDiogenes's picture
GhostOfDiogenes (not verified) SILVERGEDDON Feb 7, 2016 8:20 PM

"can play is the skin flute and the sack butt."

Kennedy used to hire young girls and get blow jobs with zero fucks given in the white house. I am sure Jackie caught him more than a few times.

No wonder she blew his brains out with a double shot derringer in public with zero fucks given.

Liberals don't care who sees their sexual indescressions.

Nero didn't start the fire. It was burning way before he slithered up
He seems to be a scapegoat.

Same as it ever was.

Nutsack's picture
Nutsack (not verified) SILVERGEDDON Feb 7, 2016 6:50 PM

NEgRO fiddled (with Ben Finkenbinder's penis) while America Burned

antonina2's picture

All is can say is: hahahahahahahahahahahahahahahahahahahahahhaahhahahahahahahahahah.....you get the point.

chinoslims's picture

The words SOTU and POTUS should be replaced with STFU

Golden Showers's picture

Mission Accomplished.

truthalwayswinsout's picture

When "suddenly" the banks are closed and your credit cards don't work, then do you think it willl be time to end Progressive National Socialism and re-establish capitalism and a Republic?

 

Croesus's picture

"Progressive National Socialism"? 

National Socialism was the antithesis of Progressive ideology (Marxism). 

 

 

strangeglove's picture

Wait till the Wookie is President!

Baronneke's picture

In plain words:  The US, and with them, the whole world is Fucked, thanks to the always lying politicians who only work on behalf of the richest people.  Things will Not end well.

ah-ooog-ah's picture

If I had +100 green arrows this would be where it goes

freewolf7's picture

I am always intrigued how we believe what is said over what we experience.

max2205's picture

But govt workers avg over 120k per year.....oh wait 

cpgone's picture

Oh yeah.

OBSCENE.

 

Kagemusho's picture

The only 'change' we had after Obama's Bilderburg coronation was whatever was left in our back pockets, and now his buddies are after that, too.

E.F. Mutton's picture

Despite a massive effort to the contrary, even news about how harmful and useless Obamacare is gets out now and then.

When you've got 90+ percent of the media invested in your Sainthood, the last 8 years have proved you can do anything