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Fake Recessions and other Obama Nonsense

Obama is quoted in a speech in Manhattan “As most experts know, our economy is in a recession..” Hmm last time I checked the economy wasn’t in a recession because there hasn’t been yet a SINGLE quarter of negative GDP growth since 2001. A recession is formally defined as two or more negative quarters of GDP growth, yet there haven’t been any. This is just one of many of examples of the Marxist boo hoo hoo Obama spreading misinformation about the state of the economy to mislead voters.

Phil Gramm famously said we were in a mental recession, and while the boo hoo hoo democrats accused him as being ignorant and out of touch with “struggling Americans”, the comment had absolutely no negative affect on the McCain campaign in terms of polling, nor did McCain’s lapse regarding the number of homes . In fact, McCain’s poll numbers kept marching higher because Phil Gramm was indeed right, as I alluded to; we are a nation of crybabies (at least the pro-Obama liberals are).

Recently Obama’s campaign blasted McCain in a TV ad regarding his inability to remember how many homes he owns while using the ad as a backdrop to impart his empathy for the so called ’struggling home homeowners’; (Who ever these folks may be. I have yet to meet any. ). So why didn’t so called ‘housegate’ gain more traction? Why hadn’t his ads had any damping affect on the polls? The reason is because there was never a housing bubble or housing crunch to begin with. For the most part housing prices have been rising steadily for the past two decades, and while there have been isolated booms and busts on average the trend is up. Aspen, Palo Alto, and Manhattan are three examples of regions where home prices have been steady appreciating. Foreclosures only make up a tiny fraction of total mortgages. So while Obama habitually about a ‘crisis’ the opposite is the case.

The McCain Britney/Paris ad was a brilliant success because it was factual and did resonate with Americans regarding Obama’s and Michelle’s aloofness and celebrity status. This sentiment was compounded by Obama’s grandiose Reichstag speech, in which he appeared to display an undying affection towards the Germans as opposed to the bitter Americans. Too bad it’s the bitter Americans, not the Germans, who can vote.

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