Home mortgages are continuing to hit record highs, commercial foreclosures are on the rise, jobs continue to disappear at an alarming rate and consumers are continuing to cling to what little cash they have to be able to buy the necessities.
The irony of such claims from the Left are evident when they had spent so much time during the Bush Administration claiming that we were in a recession.
Here is the pertinent parts of the article that are relevant:
Federal support for spending on cars and homes drove the economy up 3.5 percent from July through September. But the government aid — from tax credits for home buyers to rebates for auto purchases — is only temporary. Consumer spending, which normally drives recoveries, is likely to weaken without it.
If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession.
Millions of Americans have yet to feel a real-world benefit from the recovery in the form of job creation or an easier time getting a loan. Even those with jobs are reluctant to spend. The values of their homes and 401(k)s remain shrunken.
What I find truly remarkable and a great example of outright denial and willful suspension of disbelief are these comments from Obama:
"The benchmark I use to measure the strength of our economy is not just whether our GDP is growing, but whether we are creating jobs, whether families are having an easier time paying their bills, whether our businesses are hiring and doing well," Obama said.
Well Obama, if that is your case, then you and your fellow ingrates running Congress are failing miserably.
More regarding the failure of Obamanomics:
Economists say the jobless rate probably nudged up to 9.9 percent in October and will go as high as 10.5 percent around the middle of next year before declining gradually. The government is scheduled to release the October jobless rate report next week.
These are the REALITIES. The notion that the Government can borrow and spend $1.4 trillion it doesn't have will spur a recovery is beyond ignorant.
I find the notion that we are in a recovery beyond laughable; we haven't even begun to feel the effects of the criminally negligent spending we are seeing from this Government and when the bill comes due, the economy will flounder even deeper.
Throughout the nation the ripple effects of the losses of jobs, construction and consumer spending continues to be felt and as foreclosures and unemployment continue to rise we will see a continuing spiral into the deep hole these morons are spending us into.
The notion that the Rich can fund the multi-trillion spending spree Democrats are on requires a willful ignorance I cannot fathom; ALL of us will be paying for it which will further stifle consumer spending and exacerbate the recessionary pressures we are feeling.
No people, this is not a recovery; it is merely the calm before the storm. I am deeply afraid for our future if Americans do not begin to come to their senses and vote these idiots out of office before it is too late.