The Washington Post Accuses Congress Of Covering Up The True State Of The U.S. Economy

August 17. 2015

Barack Obama

The Washington Post published an interesting piece on the U.S. Congress hiding the true state of the economy in America and the Judiciary Report agrees with their assessment. For years the Judiciary Report has stated the government is hiding from the American people and the world how bad the economy has become since the 2008 financial crisis (U.S. Foreclosures Spike Again Indicating Trouble In The Financial Sector).  It's a deck of cards. Government reports have been altered and facts omitted to present a rosy picture, only for them to resurface later painting a grim picture of unemployment, real estate and exports - three important components of a healthy, stable economy.

From the beginning, the Judiciary Report emphasized austerity. It has been the consistent message of this website for years regarding the economy. Historically, austerity is the only thing proven to work during a financial crisis. Other nations have employed austerity over the past several years, since the global economic crisis began in America and spread to other nations. Those nations are doing much better financially for it and have past the worst. However, the Obama Administration chose wild, unruly spending and it has put America much further into debt and not created sustainable, lasting job growth.

The national debt is at an all time high and manufacturing is at the lowest levels it has been in decades. A nation cannot produce less goods and spend more money via the government and expect it will all balance out. It just doesn't work that way. It has not and further will not add up. It is an economic recipe for disaster.

The Obama Administration has also exhibited a negative attitude towards some American companies, saying very unflattering, undeserved things that did not help the situation. For example, Obama insulted Apple as a company making another gadget that people do not need, when it is a company with great products many people appreciate. When you buy a good piece of electronics (laptop, tablet ect) it can increase your productivity at work and after you get off the job, bring many hours of entertainment and education at home.

The Obama Administration has squashed trade deals and massive business projects, such as the Keystone Pipeline, costing America billions of dollars in revenues. How is impeding trade, which creates jobs, a good thing. America was at its most prosperous when the nation created and exported products at a greater rate and signed large business and trade deals.

The Obama Administration also has uneducated, unqualified celebrities serving as advisors, which is unwise and dangerous. Why take advice from fools. The president and his wife are highly educated lawyers, who are ivy league graduates, but are taking professional advice from idiots in Hollywood whose claim to fame is showing their private bits on screen and making foul music, much of which contains copyright infringement. These days it doesn't take talent or intelligence to become famous, just a willingness to be a degenerate. Therefore, why is he listening to them. Good fruit will not come from a rotten tree. You think about that.

Wouldn't it make sense to take advice from people with a proven track record for financial success such as Warren Buffett (Berkshire Hathaway), Bill Gates (Microsoft), Michael Dell (Dell), Larry Ellison (Oracle), Bob Johnson (BET) and Linda Johnson-Rice (Johnson Publishing Company).