To be recovered or not to be? That is the question
To the editor:
Our president and the media keep insisting that we are in recovery and have been since June 2009. I’m not seeing it and I’m confused by these words because I don’t think it should take this long to notice. So, I looked up the word “recovery” in the dictionary. Recovery – “to get back again; regain, retrieve, to regain normal health, poise or status. To make up for, recoup, reclaim.” Yes, that’s what I thought it meant. That’s not what is going on though, so how are they measuring this recovery? What is happening in our country’s economy that denotes recovery? It’s simply not there. I believe Obama knows this despite what he says because his actions say otherwise. He wants the debt ceiling to be raised so he can put out QE3. A fifth stimulus! Well it’s no wonder, I mean the last four worked so well, let’s do another one! Yippee! Good thing we have lots of ink for the printing press.
A great man said in 1980, “A recession is when your neighbor loses his job. A depression is when you lose your job. A recovery is when Jimmy Carter loses his job.” Yes, it was Ronald Reagan. All we need to do is replace Jimmy Carter’s name with Barack Obama and we have our new campaign slogan for 2012. Until that happens, there is no and will be none of that recovery stuff. When Jimmy Carter was president, we had 8 percent unemployment and 12 percent inflation rates. Today, under Obama, we have 10 to 20 percent unemployment and inflation is at 11.2 percent and climbing at an accelerated rate. The difference is we did not have five $800 billion stimuluss during Jimmy Carter. The stock market has been going down the last few weeks because the Feds are scheduled to stop buying our debt back in the form of Treasure notes on June 30 (no one else wants them any more, not even the Chinese) and Ben Bernanke told Wall Street, no stimulus June 30, as we promised because, oops, we’ve got to get that credit limit up first so we can get you the money. The only reason Wall Street is performing somewhat well is because Obama and Ben are pumping in full of billions every six to eight months. The more fiat money that is put out there, the higher and the faster our inflation is going to rise. Ever hear of hyperinflation? It’s coming to a theater near you.
When I received this information regarding a fifth stimulus package, I immediately said, “what is he, insane!?” Doing the same thing over and over again and expecting a different result is insanity.
We are living in an unnatural and monstrous economy. A Frankenstein creation that is undeniably traced back to our president and the federal reserve chairman who through total arrogance refuse to do anything differently to try and really recover.
Dawn Shevlin
St. James City