Democrats Are Either Misinformed Or Insane...
- 2009/07/06 14:45:41
- Read all 137 opinions
Rasmussen reported Sunday that democrats honestly believe the economy is better today than one year ago: http://www.rasmussenreports.com/public_content/business/index...
Over the past year, overall levels of consumer confidence have bounced around a lot but ended up with little change. For the full month June 2008, the Rasmussen Consumer Index was at 71.9. In June, 2009, that number was 72:0.
But underneath those stable topline numbers is a dramatic shift along party lines. A year ago, Republicans were far more confident than Democrats. Today, the reverse is true.
Among Democrats, the Rasmussen Consumer Index jumped from 53.7 a year ago to 79.5 in 2009.
Among Republicans, confidence was at 99.4 a year ago and it’s fallen to 68.6 today.
As for those not affiliated with either major party, there’s been little change.
So, democrats say the economy is better off today.
OK. Lets look at at a few sets of numbers.
The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.
The US unemployment rate rose from 7.6% to 9.5% under Obama... the highest rate in 26 years.
Bureau of Labor Statistics- via Sweetness and Light: http://sweetness-light.com/archive/ap-jobless-rate-slows-hits...
The US has lost 16,000 jobs each day since Democrats passed their non-Stimulus bill, the largest redistribution of wealth from the private sector to government officials in US history.
Obama will more than quadruple the US budget deficit his first year in office.
Gross Domestic Product Growth:
By any measurement, GDP growth is far below what it was last year. Gross Domestic Product fell at a 5.5 per cent annual rate in 2009's first financial quarter.
The stock market is down 3,000 points from a year ago. And, the crash did not hit the economy until September.
In the real world the economy is a disaster.
And, with all of the irresponsible spending by democrats most economists understand that we will likely see a huge rise in inflation.
Those who believe things are better than a year ago are either misinformed, ignorant, or lying...Or, a combination of all three.
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