Posted by
Marked in Pgh on Wednesday, January 14, 2009 6:55:25 PM
The left and the News media may finally have a recession they can blame on Bush. But, technically speaking, only the last quarter of 2008 may show a downturn in economic activity. We have to wait until after the first quarter of 2008 to know if we have had two consecutive quarters of economic downturn to officially be in a recession. That is the economic definition of a recesion, if Economics has any relevance in Washington or in news rooms of failing newspapers and networks across the country, which it doesn't. Conceding that point, may I ask, who's recession is it then? The same culprits who brought us the recessions of 1993-1994 and 1977-1982, the Demagogues in the Federal government.
First, there was the Carter Recesion. Then the Clinton Recession, with both of them speeded along and jointly caused by Democrat majorities in both houses of Congress. In the current situation, Hannity is right in projecting the new, impending recession as the Obama Recession caused by Democrat majorities in Congress and another Democrat nitwit in the White House. I concur, but I call it the Abominable Recession, because it may be coming about even before Obama has assumed the office a President Shill Du Jour. Now, as the head of the laughable "Office of the President-Elect" [or the Elected President of the United States (E Potus Deploriabus)] his pompous attitude, his pick of Clinton cronies and his obvious flip flopping on some of his campaign promises have already seriously affected the Economy caused by increased fears about what he will actually do and his unknown basic nature.
Obama does not help the situation by never being forthcoming about any thing. Every time he opens his mouth, we get a snow job of lies and deception; including his tap dancing around the sale of his Senate seat. In this newest Democrat scandal, the Illinose Governor has been trying to auction off the seat to the highest bidder. (Actually, I think I finally figured out what happened to Howdy Dowdy. He grew up to become Blago).
With such uncertainty and the same cast of characters installed to supposedly remedy it all; is there any wonder we have an impending recession? It will be impressed on the ignorant who voted for the same people who caused it. Never leave the Economy in the hands of children; especially overeducated children who haven't learned a thing since they subsumed their intellect to the group think found in most universities and colleges.
There is just one problem, the economic situation they have created is turning into something far beyond their capacity to control or even understand. It's getting away from them, and as Dick Morris pointed out in his posting "The Eminent Demise of Our Enemies", the fiasco is even hurting our enemies around the world. The result of such unforeseen consequences of Liberalism and Gobblist excess may very well destroy the demogogues here and abroad. But don't bet on it.