How We The People Were Screwed By Obama’s Bogus ‘Recovery’ – OpEd

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cd97862d62115ce8cf28e21673955d0f How We The People Were Screwed By Obama’s Bogus ‘Recovery’ – OpEdUS Chairman Barack Obama delivers parting address january 10, 2017. Faith: Screenshot from White Co-op video.

It’s amazing how Obama was quick to dupe the American people into believing that the weakest extension in the postwar era, was an “economic recovery.” Candidly, it boggles the mind.

Think active it for a minute: Productivity, business assets, personal consumption, inflation and aggrandizement have all been either noisy-along at half speed or at past lows for the entire period, and yet, Chairman Flimflam has been out taking nod and high-fiving for his stellar execution as premier steward of the world’s greatest economy. It’s ridiculous. The whole plot is completely fake.

So let’s settle this at one time and for all. The economic machinations that transpired underneath Obama cannot be accurately titled a ‘recovery’, which is merely the usual relations handle he used to disguise what was really going on further down the surface.

And what was going on downstairs the surface?

Why structural adjustment of method. The economy was being rejiggered in a way that intentionally kept growth weak (by withholding budgetary stimulus) in order reduce upwards pressure on wages that would change pushed inflation higher forcing the Fed to elevate rates. That may sound elaborate, but it’s actually a very simple and direct way to keep inflation at bay.

But why would Obama purposely want to slow growth but to keep inflation low?

It’s obvious, isn’t it? Considering if inflation began to rise, so the Fed would be forced to raise reproach and stop shoveling trillions of dollars to the big Partition Street investment banks which, by the way, happened to be drowning in red ink at the date. In other words, the economy was intentionally strangled in order to save the botanist. But then you probably knew that already, didn’t you?

Impart me you haven’t noticed how all the money has been streamlined upwards for the last eight oldness while the economy has languished on spirit support? Tell you haven’t detected how the chasm between rich and impoverished has only gotten wider low Obama?

Do you seriously think it was all an misadventure? Do you really think that physically concoction the coffers of banks with truckloads of bills behind the silly Madison Boulevard-coined moniker “Quantitative Moderation” was supposed to trigger more disposal, boost hiring, and stimulate aggrandizement??

C’mon now, let’s be serious. The whole conclusion is preposterous. We the People have been corn whisky-holed bigtime, that’s what rattling happened. There’s no other way to put it.

Why do I convey this up now?

Because on Friday the Commercialism Department released its report on 4th fourth GDP, so now we can evaluate Obama’s economic folder en toto and put the whole matter to nap. The new data essentially cuts wrapped up the bullshit and allows us to see what a integrated catastrophe President Snake-oil de facto was. Here’s a clip from an clause in the Wall Street Journal:

“The U.S. terminated 2016 on a familiar trajectory of around 2% economic growth, the lustreless trend that has prevailed on ice most of the current expansion… Corpulent domestic product, a broad quantity of the goods and services produced thwart the economy, expanded at an inflation and seasonally attuned annual rate of 1.9% in the quarter quarter…… That has made this the slowest extension since World War II.”
(Economy Revert to Lackluster Growth, Wall Road Journal)

This is the flaccid, underperforming, pitiably-anemic economy about which Obama has been doing handstands and cartwheels for the extreme eight years. What a act. No president in modern times has e’er squeezed so many accolades out of– what come up to to –a complete failure. Here’s extra from the Journal:

“So often for that economic “boom” that Prexy Obama was supposed to have leftover his successor. That has been the whirl among Democrats and progressive economists, but Fri’s GDP report for the fourth quarter if another in eight years of actuality checks on the Obama economic immortalise…

Growth for all of 2016 clocked in at 1.6%, the slowest thanks to 2011 and down from 2.6% in 2015. That blemish the 11th consecutive year that GDP boost failed to reach 3%, the long period since the Bureau of Economical Analysis began reporting the digital audiotape. The fourth quarter also band out the Obama era with an average one-year growth rate of 1.8%, which is rightfulness down there with Martyr W. Bush for the lowest among contemporary Presidents.

…You have to exercise hard to suppress growth later a deep downturn… (Obama) achieved the singular feat of slower growth and expanded inequality.” (About that Obama “Boom, Partition Street Journal)

Sounds somewhat grim, eh? But we haven’t even gotten to the punchline yet. The valid kicker is the fact that, had it not been for lump inventories– that is, the excessive and abdicable growth in accumulated, cobweb-distributed widgets piling up to the ceiling in depot across the country– forth fourth GDP would have crawled in at a miserable .9%. In other words, Obama’ bulky recovery would have been spread out out stiffly on the emergency room gurney with a stage over its face before vitality rushed off to hastily to the nearest fat-puncher. (Mortician)

This is the crapola husbandry Obama is now passing off to Donald Cornet who promises to strengthen growth by cut taxes, boosting fiscal stimulant and purging all those onerous adjustment that protect the public from more and more-frequent financial meltdowns. Outdo figures that all those picayune rules just get in the way of good old profitmaking. (Where keep you heard that before?)

In any outcome, Trump promises to lift GDP to a influential 4% by spending $1 1000000000000 rebuilding America’s dilapidated span, roads and infrastructure. Regrettably, neither the Fed nor the Sen are prepared to support his plan. “No Evolvement” Janet Yellen has already indicated that –at plentiful employment with inflation drop by drop rising– she sees no need for extra stimulus which could edge to “overheating”, while Senate Number leader Mitch McConnell has acknowledged the spending strategy a big thumbs consume unless the plan is “revenue electroneutral” which is a sobriquet for deep cutbacks in Medicare and Collective Security. If McConnell doesn’t get his origin money, Trump won’t get his stimulus, it’s as elementary as that.

So, it’s gridlock once moreover, right?

Right. But why would Yellen and McConnell wish slower growth when a bantam splash of stimulus could rev up alertness, boost business spending, turbo-account consumer spending, and get the economy sprinting moreover? Why?

Because the basic wealth take mechanism is different now. Fatcat CEOs no yearner make their bones by scratch the gains off worker productivity. Those life are over. The way they beef up nett now is buy hustling cash from the shackle market that they pumps into their own shares sending inventory into the stratosphere. That own them to rake off hefty sum total from their executive correction packages while cheery shareholders walking away with a bundle. That’s how the biz is played now. Ripping off workers is ex’ while financial engineering is all the desire.

But like we pointed out earlier, the diversion can only be played as long as pretentiousness is kept in check. (so the Fed can keep involvement rates low) When inflation clasp off, the Fed has to raise rates, which substance CEOs can’t get hold of all that bargain-priced cash floating around the manacles market to buyback their own division. When that happens, the solid scam goes kaput.

Bottommost line: Neither Yellen nor McConnell can tolerate Trump to kickstart the economy, for stronger growth puts upwards pressure on wages which elevate inflation and pushes up interest reprove. Higher rates are the death sound for cheap money which is the arcanum ingredient that keeps the territory’s wealth flowing upwards to the famous 1 percent. That’s the whole flock in a nutshell.

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