The current presidential election cycle has become more reality TV than anything else. And again, I’m not paying much attention to the contest within America’s new Socialist Party between an avowed socialist and a sociopathic liar, just like the one occupying the White House.
Apparently all these years of MTV Real World, Real Housewives, and adult cartoons have resulted in an electorate more interested in one-liners and sound bites within 140 characters. We have an education system that teaches how to take tests, not develop critical thinking skills. We have so many serious issues, yet clearly serious policy solution discussion isn’t what appeals to the base emotion. We’re living in the days of Comidus and “panem et circenses” – and sadly too many people have no idea what I just wrote or how it relates.
Welcome to the dumbing down of these United States of America — horribly true with even more horrific ramifications.
This past Saturday I shared the fourth quarter, 2015 GDP numbers: an anemic 1 percent. Today I have even worse statistics about our struggling economy.
As reported by CNSNews.com, “The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product (GDP), according to data released by the Bureau of Economic Analysis. The BEA has calculated GDP for each year going back to 1929 and it has calculated the inflation-adjusted annual change in GDP (in constant 2009 dollars) from 1930 forward. In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch—2006 through 2015—when the annual growth in real GDP never hit 3 percent. During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent. It has never been that high again, according to the BEA.”
Simply put, the last time America was even close to 3 percent GDP was in the final year before the Democrats took over the House and Senate, the 2006 mid-term election. And certainly, President Obama cannot claim that the economy has improved under his tenure of Obamanomics.
“The last recession ended in June 2009, according to the National Bureau of Economic Research. In the six full calendar years since then (2010-2015), real annual GDP growth has never exceeded the 2.5 percent it hit in 2010.
“The average growth rate for economic recoveries since the 1960s is 3.9 percent ranking the Obama recovery, with an average GDP growth rate of just 2.1 percent, among the slowest in history,” said Sen. Dan Coats (R.-Ind,), who chairs the Joint Economic Committee of the US Congress.
Before this period, the longest stretch of years when real GDP did not grow by at least 3.0 percent, as calculatd by the BEA, was the four-year stretch from 1930 to 1933—during the Great Depression.”
Let me repeat that in clear English: the last time we experienced such a horrific stretch of GDP growth in America was the Great Depression. Now one just has to ask, will the liberal progressive media be talking about this? But more to the point, will the GOP presidential candidates talk about this and not about perspiration and folks being con artists?
I think we all know our economy isn’t based on a free market anymore. It’s more of an artificial economy manipulated by damning monetary policy which is trying to bolster a failing economy due to abysmal tax, regulatory, and overall fiscal policies emanating from this current administration of one President Barack Obama.
The average GDP growth rate under Barack Obama is just 2.1 percent — we cannot allow that to be touted as a success, a new normal.
So consider this economic fact. While Obama’s average GDP growth rate is just 2.1 percent, the national debt has grown almost EIGHTY percent, from $10.67 trillion to $19 trillion under his tenure…and the ticker keeps rising, estimated to hit $20 trillion by his exit. So we have Obama giving the United States 2 percent GDP growth but almost 100 percent growth in our debt.
Now who of you progressive socialists are going to step up and defend Obama and these economic facts? Doggone, you can’t even blame Bush for this one, but of course you’ll try…remember, it all started going downhill the year after the new American Socialist party took over the House and Senate, remember, Speaker Nancy Pelosi and Majority Leader Harry Reid.
Now, I know what y’all are asking, what was the best stretch of GDP growth in America? Well, “The longest consecutive stretch of years in which the United State saw real GDP grow by 3.0 percent or better was the seven year period from 1983-1989, during the presidency of Ronald Reagan.
The second longest stretch of years in which the U.S. saw real GDP grow by 3.0 percent or better was the six-year period from 1939 through 1944. (World War II started in Europe in 1939 and the U.S. entered the war in December 1941 when Japan attacked Pearl Harbor.) In the last two years, annual growth in real GDP hit a plateau of 2.4 percent.”
When you consider the record number of Americans now living in poverty and on government food assistance, these are more negative economic indicators for the Obama era. And we all know there are some 94 million Americans out of work and dropped from the workforce. How does this get turned around? This should be the preeminent topic for the presidential candidates — and no Bernie Sanders, you cannot tax your way into resolving this issue. And Hillary Clinton cannot be trusted to tell the truth about, well, anything. If anyone stands on a debate stage or in an interview and states they’re going to continue the policies of Barack Obama — run away!
These are serious times and they require a serious candidate for president of these United States. But more importantly, these times require a serious and informed electorate, not looking to be entertained, but rather seeking out the one who will “keep this Republic” and spur on a new era of economic growth and security.