Today, I learned that
- The last quarter’s GDP growth was an anemic 1.8% growth rate is signaling that things are not what the trillions spent should be signifying.
- In fact, it pretty much sucks and there is no way that this low level of growth is going help out on the unemployment rate any time soon (in fact, we’ve now had 27 straight months of 8% (or greater) unemployment rate).
- From Big Government, these downer charts:
- If they had not changed how the calculation of the Consumer Price Index was calculated back in 1980 (by taking out the "volatiles" such as energy and food), we’d be talking a 10% inflation rate. I was an adult during the Jimmah Cahta years – we’re not there yet (yeah, some of my work friends had mortgages at 18% – want to see that again?)
- Speaking of housing – Price of your home? Fallen for 57 months in a row; stock market investment isn’t looking so bad any more in comparison.
- And from the same post as the housing data point, here’s this craptascular info: In Barack Obama’s America, it’s officially now as difficult to get a job flipping hamburgers as it is to get into Harvard (of the 244K new jobs, 62K were from MacDonalds – and 1 million applied for those 65K jobs).
- 14% of the country is on Food Stamps.
- Do you really want to believe that Obama’s "new normal" is really the normal we’re supposed to be? Is this the best he can do with his socialistic leadership?
- Teen unemployment is 24.5%. Black teen unemployment is 42%. So, how does our future work force get the entry level training they need?
Normally, with Data Point posts, I try to do more objectively reporting than subjective commentary, but we’re getting past objective to ‘screaming in anger’.
