*The occasional socio-political musings of a classically liberal Hayekian stuck in an era of progressive excess and national decline. Well, at least the archive might help my kids process the six figure per head bill for their share of the national debt they will be receiving upon reaching the age of consent.


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Wednesday, January 30, 2013

4th Quarter 2012 GDP Actually *Contracts*

"Unexpectedly," of course.

Elect a Commie,
Kill Economy


Not just a rhyme. It's a law. A law of politics and economics. And this immutable law is about to be proven again by the economy crushing laws and regulations in Comrade Barry's dystopian pipeline. Only 16 more quarters to go. Oh joy. Looks like President Downgrade is about to graduate to President Double Dip.

d(^_^)b
http://libertyatstake.blogspot.com/
“Because Less Gub'ment Means More Liberty”

Update 1/31/13

Mama Morris didn't raise no fool.

Among my Vast Right Wing Conspiracy (VRWC) email subscriptions is Dick Morris. I sometimes find him to be a bit sensationalist for my taste (imagine that), but he really nailed it today.
Now that the economy is officially contracting, it's a good time to look back and list the various Obama policies that are causing it.
The scariest detail:
The current contraction is before the tax increases Obama just passed have hit. These tax hikes on upper income people will take $50 billion of demand out of the economy and his 2 percent increase in the payroll tax will take out over $100 billion more. These tax increases go directly toward cutting demand and employment.
And the conclusion befitting the "people get the government they deserve" theme of my blog:
People ask: How can the Republican Party come back? Because of the impact of Obama’s economic policies which will soon be evident even to the most optimistic and obtuse.


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