Double Dip Recession Is Here; Media Whines About Palin

The economy remains the number one concern for most Americans. The job report for April seemed to indicate at least a little bit of a pick up in the economy. However, the May report isn’t going to be nearly as rosy. The private sector only added 38,000 jobs last month, substantially lower than the estimate of 175,000. Planned job cuts are up as well, eating away at nearly all of the job gains in May. The Government is expected to announce larger job increases but even there numbers fall substantially short of April’s gains. Manufacturing continues to slow.

It is clear that the Obama administration’s economic policy has been a failure. His command and control from the top has not stimulated private sector economic growth. The Stimulus package passed in 2009 completely failed to stimulate the economy. The administration’s Wall Street regulations have done nothing to protect American investors and have accomplished little more than slowing the economy. Obamacare has caused health insurance to skyrocket in price, many policies cost 20-30% more this year because of Obamacare regulations. That is up substantially from previous price increases.

Meanwhile at the direction of the administration the Federal Reserve is preparing for a third major printing of new money. Printing more money means the value of the dollar goes down, which means we can purchase less with the dollars we currently have. As a result oil is up over $100 again and gas prices are once again on the rise after a minor decrease over the last couple weeks. It seems clear that thanks to inflation and Fed money printing, high gas and food prices are here to stay. Leftists no doubt rejoice over these facts, the rest of us are left scrambling to feed our families and put gas in the tank.

The double dip recession that so many have talked about over the last year seems to be coming true. With a Presidential election coming up next year, we shouldn’t expect the mainstream media to talk much about the double dip recession under Obama’s watch. The media is to busy whining about not knowing where Sarah Palin’s next stop is (no kidding, the media claims that Palin not telling them where she’s going is “dangerous“) and accusing her of committing ghastly Federal crimes against the flag (no kidding again, MSNBC apparently believes she’s a Federal flag criminal) to report on the dire situation our economy is in. In ignoring the economy, the media is giving the President a pass while Americans struggle to make ends meet.

The left-wing press has spent the last two years calling Mrs. Palin a media whore, now they’re whining when she ignores them and won’t tell them where her next appearance is. While it’s amusing to watch, it isn’t really news. Especially so when the economy is falling apart. Mrs. Palin isn’t yet a Presidential candidate, when she becomes one then maybe it will matter which tourist attraction she’s at. Until then, it’s absurd to watch the media spend an inordinate amount of time on the Sarah Palin bus tour to nowhere. Americans are struggling to buy food, we have become, as Newt Gingrich noted, a food stamp nation under Obama. Gas has settled above $100/barrel and jobs aren’t being created by the private sector. Unemployment remains high. These are important issues, a former Alaskan Governor’s trip to the Statue of Liberty isn’t all that important in comparison.

President Obama has been an economic failure for the middle class. Food prices are up substantially, gas prices have more than doubled since he took office. Inflation is making the value of our hard earned dollars evaporate. Meanwhile the Federal debt  is over $14 trillion and we have a yearly deficit of over $1 trillion. Our nation cannot afford more of President Obama and his failed left-wing policies.