A.J. DiCintio
Obama economy anything but cool
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By A.J. DiCintio
August 12, 2012

As you most likely have seen or heard, Barack Obama recently flew to Connecticut to raise big bucks at the lavish Connecticut waterfront home of Hollywood big shot Harvey Weinstein.

However, busy as you are (perhaps because you hold down two jobs or spend enormous amounts of your time looking for work that pays above minimum wage), you may have missed this regarding the luxurious trip:

The president insisted upon arriving by helicopter close to the site of the gala, prompting the state's Democratic governor to order a one day shutdown of an entire state park and its public beaches to serve as landing site as well as staging area for the multi-limousine motorcade that would whisk the president to yet another of his beloved forays into the Gatsbyesque world where card-carrying members of the effete, vacuous rich come and go "like moths among the whisperings and the champagne and the stars."

As expected, the beach closings angered many Connecticut residents, including a Westport lifeguard who, Reuters reported, "fumed" about an act that "hurts the town's income" before he insulted its perpetrator with one of the harshest insults favored by 21 year olds:

"So when a man closes two government-run beaches, it's not cool."

That put-down will properly draw vigorous applause from millions, including denizens of New York City who have been mightily inconvenienced by Obama's numerous forays into Manhattan's high life hot spots.

However, the youthful lifeguard would have performed an infinitely more valuable public service if he had spoken the following realities about a president addicted to being obsequiously slobbered over by and returning the favor to starry-eyed, leftist Pollyannas who appropriately live out their fake, hypocritical lives in the fake, hypocritical place dubbed Tinseltown.

Specifically, he could have pointed out that a leader in love with Hollywood would naturally try to fake out the American people with the claim that for over "three and a half years" his policies have produced economic "gains" so remarkable that "The private sector is doing fine."

He could have explained such a leader would naturally try to gull the American people that the country's main economic problem is the desperate need for the dangerously indebted federal government to ship boatloads of money to "help state and local governments" create jobs (think of Obama job creators such as California and its bankrupt cities as well as Illinois and the reeking morass that is Chicago).

And he could have enlightened far more than the folks he guards that such a leader would naturally try to get away with the Marxist-inspired insult that "if you've got a business" or have achieved any other kind of success, no matter how great or modest, "you didn't build [or earn it]" because "somebody else made [it] happen," the "somebody" always, in the statist, elitist worldview, the government.

With facts such as the ones just presented, the 21 year old would have put meat on an exclamation that shouts, "So when a president's economic policies have kept the economy shut down instead of vibrantly open, it's not cool!"

The lifeguard could have continued his service by contrasting the cheap tinsel with which the president loves to wrap himself with facts about the nation's economic situation, facts for which we can thank economist John Silva of Wells Fargo and financial analyst John Mauldin, who posted Silva's work at mauldineconomics.com.

Silva presents his facts through 12 charts, which he labels "Figures," a beautifully appropriate term because they describe an economy whose dark, deformed shape puts the lie to the glisteningly muscular body Barack Obama would have us believe he has created.

Following are some of the figures the lifeguard could have thrown to every American caught up in the glimmering but treacherously insubstantial foam spewed by the president and his allies.

Figure 1 and its manufacturing data showing that with annual economic growth having fallen to a feeble 1.5% rate in the second quarter of 2012, "Some parts of the economy [are eking out] modest gains, while others have slipped into outright declines."

Figure 3 and its nonfarm employment numbers revealing that "The U.S. economy lost 8.8 million jobs in the recession but has recouped [only] 3.8 million [leaving] an 'employment deficit' of roughly five million jobs," a painfully ugly reality which prompted Silva to this sarcastic sentence: "Try telling one of these five million people that the economy has transitioned from recovery to expansion."

Figures 4, 5, and 6 and their information about employment, real personal income, and government transfers (payments) that shock us with the following three truths.

. . . Of the previous six economic recoveries that have lasted at least 36 months, the current expansion is "well below average and only slightly better than the 2001 cycle [the worst]."

. . . A key driver of income growth in [the current] economic cycle has been "transfer payments, such as social security, unemployment insurance, and food stamps, as opposed to wages and salaries." No wonder, then, that income earned from wages in the current cycle is half the average in the six previous recoveries.

. . . With respect to increases in real income (income after adjustment for inflation), the current cycle is about to become "the worst on record."

Those are some of the truths the young man could have spoken. But whether his failure to properly seize the moment resulted from his anger over beach closings, the demands of a busy life, or ignorance of the facts, all is not lost; for there is time for America's youth, male and female, as well as their families, to get the figures straight.

Figures revealing the abysmal state of the Obama Economy.

Figures proving Obama's shamelessly unkept economic promises.

And figures showing that in Barack Obama's beloved European "social democracies" unemployment among the 18-35 age group is as stunningly high as 50% (Spain), 35% (Italy), and 22% (France and the UK).

Those last figures alone are sufficient to convince any open-minded young person (as well as citizens of every other age group) to forget about "not cool" because Obama's stubbornly held ideology condemns them to an economic future so bitterly cold it will inevitably freeze to death every one of their hopes and dreams.

© A.J. DiCintio

 

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A.J. DiCintio

A.J. DiCintio posts regularly at RenewAmerica and YourNews.com. He first exercised his polemical skills arguing with friends on the street corners of the working class neighborhood where he grew up. Retired from teaching, he now applies those skills, somewhat honed and polished by experience, to social/political affairs.

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