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Wednesday, January 30, 2013

Here comes the Truth - GDP down in 4th quarter

As I said, after the election is over and the swearing in ceremonies take place, then they are going to start pushing upon us just how bad it is to set us up for higher taxes and reduced services. This kind of massaging of reality is called lying by most of us. If your kid times the reality of conditions of honesty, trust, and integrity when communicating with you, then you call him out on it. When your government does it, you seem to think it's alright. Since I try to keep this forum as clean as possible, I'm not going to tell you exactly what I think. The problems don't really lie with these government people and their fake numbers and perspective. The numbers lie with the depth and breadth of a weak nation of Zombie Robots looking to be told what to do instead of telling their representatives what they expect.

What do I expect? The Truth.

The facts are that the economy has not grown in over 5 years now. The only "Growth" we have seen was through monetary fuel injection. When you subtract the real inflation rate from non-governmental Gross Domestic Product (GDP created by the Private Sector), then you see that we have had negative growth over the last five years. All of the Quantitative Easing and Stimulus has nearly doubled the Federal Debt over the last five years and if we continue these policvies, the debt will double again over the next 5. The government is telling you that the National Debt will only rise to $21 trillion by the end of 2016, where are they showing the increased tax revenues? Where are they showing the reduction in expenditures? It seems to me that they are carrying forward the same policies that they have been and those policies, as I have shown you, have nearly doubled the National Debt over the last five years. That means a National Debt, not at the projected $21 trillion. That means a National Debt of Approximately $30 trillion.

GDP Shows Surprise Drop for US in Fourth Quarter - AP through CNBC - January 30, 2013 - The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.                     The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.                                    The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

It is easy to see that these Economic Comptrollers haven't a clue about what they are doing other than cooking the books. I really don't think they are doing this on purpose. They just have a certain economic belief system and they are going to drive us to hell instead of admitting they are wrong, because there is no accountability in our governmental system. As a matter of fact we reenforce failure through back slaps and gladhanding. As Rand Paul said to Hillary Clinton about Benghazi last week, paraphrasing, 'I don't think you are a bad person or had bad intentions. I just don't think you understand or know what you are doing. And so therefore, If I were the President, I would have had you relieved of your duties.'

People keep being given these positions of leadership and they strut around like peacocks as if they are royalty, when they have a fiduciary responsibility to do what is best for the people they represent. And they are not doing that. They are representing a handful of people who line their pockets with cash and the rest of us be damned. There is no Honesty, Integrity, Honor, and Loyalty in the current political paradigm. It's just every man for himself and this is all going very, very badly. We can turn this all around by demanding Accountability and for some reason we have way too many people who seem to think that is a hard thing to do. Folks, demanding Accountability is the easiest thing we can do to begin to turn this economy around. The hardest part will be picking up the pieces of this shattered economy and putting them back together again.

Economic Stories of Relevance in Today's World

US economy shrinks 0.1 percent, first time since recession ended - Fox News - January 30, 2013

Google News on the shrinking of the U.S. Economy

The only chart you need on the GDP report
- The Washington Post - Dylan Matthews - January 30, 2013

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