sunset from behind the wire

sunset from behind the wire

Wednesday, March 13, 2013

Political Economic Snapshot

The unemployment rate numbers are so skewed that it's difficult to know where we stand anymore. With the advent of ObamaCare, many employers have slashed their employee's hours to keep them under the 'full time employment' threshold, yet they're still counted as "fully employed". A part time job is not a full time job. Yet, because that's where the nation is headed, the government "deems" it to be the same thing. 

Remember that the President's state goal is to 'fundamentally transform America'. He's a utopian socialist and that's what he wants it to look like. The economy will remain tepid while he remains in office despite what the 'job numbers reports' say. There are regions of America that are booming: Texas (red state and oil) and Washington DC and the five counties that surround it (recipient of unrestrained government growth and fat Senior Executive Service salaries). 

The Federal Reserve is printing money with nothing backing it up, which is why the interest rates on savings accounts is somewhere in the neighborhood of 1% and home loans are the lowest ever. You are being appeased and lulled into a false sense of security. There is also a reason why the spot price of gold is $1,642 for Gold (eagles) a bit less for bullion today. It's because the relative value of the paper in your pocket is decreasing.

Now for a few cartoons h/t WoFat