What's even more unfortunate for the Republican party is that the economic news keeps getting worse, which should increase their chances of victory -but only if they nominate Mitt Romney whom Conservatives keep dissing and trying to defeat. So, as far as chances of winning the White House goes, they're not only shooting themselves in the foot, they're blowing both their legs off with a cannon.
As far as the economy goes, there's some very interesting data which most folks don't often analyze, if at all, yet affects each of them greatly. First and foremost of course is the spiraling cost of oil, which can be vividly felt by the rapidly increasing cost of fuel. However, it's not only gallons of gas that now cost so much more, it's also raising the price of food, which has gone up about nine percent overall in the past twelve months. And then there's the whole area of transportation, from trucking to air travel and everything else that requires fuel which increases prices across the board.
Yet, despite the pinch that just about everyone's feeling the administration points to statistics to demonstrate what they deem improvement, such as a falling unemployment rate which is now approaching 8%. But, what they leave out of their discussion is the group of folks who've totally given up in frustration and have left the work force count altogether. When you add them back in, the number jumps to 9.7% unemployed and climbing.
The same goes for the current rise in the three major stock indexes which would lead to the belief that things are truly getting better business-wise. However, as it turns out a considerable portion of security purchases are being made by public company's themselves. Many of them are sitting on hordes of dollars they don't want to invest in an economy they don't trust. Consequently, they're taking advantage of artificially low costs of bonds, thanks to the Fed's continual printing of money, and are using the low cost funds to buy back their own stock for future sale at higher prices or mergers and acquisitions.
While the preceding examples are only a small part of the economic damage that's been done over the last five years, mainly due to Democrats efforts to suppress anything having to do with businesses chances of success, the overall negative affect on the general public has been huge. Consequently, the opportunities for a change in administration are also immense.
So, what's really a shame is that social conservatives don't see, understand or care about fiscal issues at all, right up to their "leader" Santorum who knows less about the economy than your average Cocker Spaniel. And because of their narrow-mindedness, they're just about guaranteeing the incumbent another four years in office.
That's it for today folks.
Adios
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