RUSH LIMBAUGH blasted Obama today on his long list of failures.
Just today we found out the Obama economy grew by only 0.1% in the first quarter of 2014. And, only 8% of Americans think Obamacare is working for them.
“Every Obama policy is now shown to be a complete and total failure.”
Transcript from the Rush Limbaugh website:
RUSH: Obamacare. I got a story today. You know what the percentage of people in the latest poll who think it’s working for ‘em is? Eight percent! Obamacare is an absolute, total disaster. The only way the Democrats get what they want is when Obama does an executive order outside the Constitution. That’s the only way they get what they want. They have to bend the rules. They cannot get what they want any other way.
All of their policies, every Obama policy is now shown to be a complete and total failure. Minimum wage? Chuck Schumer, sound bite today. The minimum wage, he says, is the American dream. They want to raise the minimum wage to $10.10 an hour, and it’s gonna fail. The minimum wage is gonna fail in the Senate, and Chuck Schumer is calling the minimum wage the American dream. (interruption)
I know! It’s like saying a shopping cart’s the American dream. The US economy is so moribund and so nonexistent that the ChiCom economy is gonna soon replace us as the world’s biggest and fastest-growing economy. The US economy in the fourth quarter grew after all of Obama’s policies at one-tenth of 1%. The Republicans have supposedly been waging a War on Women.
The truth of the matter is that women have lost more salary in the past five years. Under Obama, women have gotten poorer. Married women, single women, single women with children, single women without children, Julia, single women, lesbians, you name it, every woman has gotten poorer under Obama. Yet it’s the Republicans waging the War on Women!…
…They’ve got nothing to hang their hats on!
Everything they’ve done is an abject failure. I don’t believe Obama’s at 41% approval. I think it’s much lower than that, but nobody’s got the guts to actually print the truth. California? Look at Illinois. Look at Detroit. Everywhere they are running the show is either falling apart or has fallen apart, and people are doing their best to get out. People are fleeing all those places, mostly due to high taxes.
Quote: ThirstyMan wrote in post #2all this and the Dow closes at a record high!
Inflation is grossly understated due to verbal gymnastics by the BLS. Therefore the real (inflation adjusted) GDP is grossly overstated.
The blue lines represent inflation and real GDP if calculated using a set standard of living. Note the GDP includes government spending which has increased faster than inflation over time.
Addtionally a long time ago wall street changed from a place to raise capital for investment to a high stakes gambling outfit operating under moral hazard (scarfing up profits and passing losses on to society , i.e. tax payers).