Friday, May 2, 2014

BloggeRhythms

If the incumbent truly desired to leave a lasting positive legacy, it seems he should not have run for another term in office. Because as time goes on, the negative ramifications of his inexperience and incompetency are now appearing in just about every aspect of his administration.
 
Today, for example, the Associated Press produced a glowing article regarding what they perceive as strongly positive trends in the nation’s economy.
 
They report that, “The U.S. unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years.” Furthermore, they state that, “The figures are a clear sign that the economy is picking up after a brutal winter slowed growth.”
 
However, farther on it’s noted that, “The economy barely expanded from January through March, eking out an annual growth rate of just 0.1 percent, down from a 2.6 percent rate in the final three months of 2013. Americans spent more last quarter on utilities and health care, but their spending on goods barely rose. Businesses also reduced spending, and exports fell.”
 
And what’s even worse about the results is where people’s money actually went. Because the spending increases were on utilities, which is a direct reflection on the costs of imported oil and fuel while health care costs inflated leaving little left to spend on other needed items.  
 
But, the biggest negative is clouded over by the administration’s change a few months ago in how unemployment percentages are calculated. Because while the unemployment “rate” went down, and a new report from the Labor Department shows a big boost in jobs in April as unemployment dropped to its lowest level since September 2008, the drop is mainly because the labor force participation rate—those actively searching for jobs – fell to 62.8 percent, its lowest this year and matching the lowest level since 1978. And that’s because the labor force shrank by more than 800,000 last month.
 
And while the nation’s work force shrinks and the economy itself stagnates, foreign relations aren’t improving either. Because as the State Department keeps delivering idle threats to Vladimir Putin, it’s reported that, “German Chancellor, Angela Merkel is carrying a clear message from Germany's business lobby to the White House: No more sanctions. Several of the biggest names in German business—including chemical giant BASF, SE, engineering group Siemens, Volkswagen, Adidas and Deutsche Bank—have made their opposition to broader economic sanctions against Russia clear in recent weeks, both in public and in private. As a result, Germany's position on additional, tougher sanctions is unlikely to shift, barring a dramatic escalation of the conflict in Ukraine.”
 
All of which isn’t boding too well for the Secretary of State, who now has other problems here at home. Breitbart notes via Drudge that, “Oversight Committee Chairman Darrell Issa is issuing a subpoena for Secretary of State John Kerry to testify before the committee May 21 about Benghazi, Issa announced Friday.”
 
And this one should be interesting because it’s quite obvious that Kerry is pretty much a hapless weasel. But even if he wasn’t, he wasn’t in charge when the botched Benghazi attack and cover-up happened, Bill Clinton’s wife was. Which means that perhaps to save his own tail, maybe he’ll provide evidence of the truth for once, pointing out her undeniable incompetence and blowing another hole in her quest to become the least qualified presidential candidate to ever run.
 
That’s it for today folks.
 
Adios

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