Saturday, November 12, 2011

Economic Policy, Data, Forecasts: Sad and Bad

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Roanoke Times, 11-9-11, Pg 7:
Bad weather has reduced the corn yield driving up food costs
     (this is compounded by the Ethanol in gasoline mandates)
Gas prices to set record highs next year
     (more money and jobs leave the US)
Va. farm bureau: expect Thanksgiving meal to cost more
     (energy costs impact all products)
More Americans late in paying mortgages
     (so much for the stimulus and bail-out claims and political spin)
Wall Street: European debt crisis impacting American economics
     (the US unfunded obligations are immense – we’re the next Greece – we already have the Occupy Rioters)
Pg 16: Obama excluded Virginia from oil exploration coastal map.
     (Va. Dem. Sen’s Web and Warner ask for a decision redo)
11-11-11, Pg 6: Obama delays Intercontinental oil pipe line until after his reelection
     (so much for energy independence and jobs any time soon )
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All this sad bad news in just one paper that loves Obama. Image the news if Bush were still President.
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Obama and his Administration are acting in arbitrary, capricious and negative ways that are aggravating our current problems and developing major new problems of his own making.
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At some point the tax-paying and working American people are going to wake-up and smell the Obama Malfeasance; hopefully that will be in time for the 2012 elections.
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