“Obamacare . . . created 384 brand new government agencies – roughly 9.6 times as many as big spending Franklin Delano Roosevelt created during twelve years-plus in the Oval Office.”
Warns of Impending European Crisis
The George Soros-inspired International Monetary Fund (IMF) cut its forecast for U.S. economic growth Friday while warning Washington and debt-ridden European countries they are “playing with fire” unless they immediately begin to reduce their budget deficits. World economic recovery, the IMF says, is severely threatened if Europe’s regional debt woes would spill over into global financial markets.
It trimmed its forecast for 2011 worldwide growth, from 4.4 per cent to a still optimistic 4.3 per cent, due to weakness in the US and fallout from Japan’s “tsunami disaster” at present the U.S. is growing at a rate close to 2.1%. Since Japan is America’s chief auto and electronics competitor, Rajjpuut would guess that except for the ongoing Obama “near-depression,” Japan’s troubles should objectively be an opportunity for undisputed and powerful American growth which should have been sufficient to counter Japan’s huge problems following the three-headed earthquake-tsunami-nuclear disaster . . . but led by the input of multi-billionaire currency-manipulator George Soros, the IMF updated its World Economic Outlook , noting deepening market fears of a slowdown in the United States, the world’s largest economy where a persistent struggle with high unemployment seems to rival a twenty-year collapse in Japan’s economy even before the three-pronged spear was driven into the country’s gut. Soros could be right, led by Barack Obama, America seems intent on killing business and all hope of economic recovery on its shores.
Meanwhile the “Fund” remained very upbeat about the Australian and Southeast Asian area’s potential for growth but emphasized that setbacks in Europe could have serious consequences for the entire world. In Asia, the IMF was very upbeat and held its 2011 growth forecasts for China and India (the worlds #1 and #2 major “developing economies”) at 9.6% and 8.2% respectively.
After Greece warned it might default unless bailed out again, IMF chief economist Olivier Blanchard was pessimistic about the long-term outlook for “peripheral” European countries. Greece’s credit rating was recently downgraded by Standard and Poors to make its debt the worst in the world even below Ecuador. “They have very high debt, very large deficits and very low growth, and so there’s absolutely no question it’s going to take a very long time for them to return to health,” according to Mr. Blanchard. Blanchard also dismissed all thought of a “double-dip” U.S. recession. Back on our own shores, however, it appears that despite the golf game with House Speaker John Boehner, Barack Obama is NOT opposed to a significant American meltdown that would fulfill “his handler and chief campaign financier” Soros’s desired collapse of the American dollar presumably doubling his net worth.
Mr. Obama has shown no indication he wants to reduce America’s national debt; trim its ongoing budget and budget deficits; deal intelligently with our own three-pronged entitlement fiasco (Medicare, Social Security and the federal side of Medicaid); nor has any inclination to repeal his great spending and government-interference boondoggle: Obamacare. Obamacare, while just one 2,770 page law, created 384 brand new government agencies – roughly 9.6 times as many as big spending Franklin Delano Roosevelt created in his twelve years-plus in the Oval Office.
Ya’all live long, strong and ornery,
Rajjpuut
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