The Lies that Buy ... Elections
What Nancy Pelosi, Barack Obama, and Harry Reid — the architects of what I have been calling the POR (Pelosi-Obama-Reid) economy — did during the final five months of the presidential campaign to convince businesses, entrepreneurs, and investors that they were intent on starving them of the energy resources needed for growth and radically increasing their taxes, combined with their party’s decades-in-the-making housing and mortgage industry debacles coming to a head, virtually guarantee that.So the Democrats - and the Republicans certainly helped out - and the media "killed" the economy so that they could win an election and then resurrect the economy after Jan. 20, figuring nobody out here in the hinterlands would notice. Yet, we're noticing. Well, some of us.
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Obama, Biden, and the Democratic Party are engaging in their sharply negative jawboning on the economy for the same reason a mob hit man sends a person he knows to attend his target’s funeral: he wants to make sure he’s dead. Obama et al. want to make sure the economy seems dead, and that consumers don’t do something unhelpful like start spending again, until shortly after their party’s precious stimulus package becomes law — after which they, with the help of their lapdogs in old media, will joyously announce a resurrection.
But, as the article notes and links, the turnaround has probably already begun. But this should definitely be encouraging, despite the headline "Retail Sales Plummet:"
When gasoline sales are excluded, the fall in overall retail sales is more modest: a 2.5% drop in November and a 4% decline in December. A 40% drop in gasoline prices over the year-earlier period contributed to the sharp decline in total sales.Now, including gasoline as "retail sales" is technically accurate but arguably uselessly insane, along the lines of the panic-inducing articles you read in October and November about "plummeting" oil prices, as if that were a bad thing. Oh, sure, bad for Arab countries, but good for Americans. So, in the end, a 2.5% drop in retail sales is almost nothing. Add to it the other good news, and the economy is only in danger of being ruined - for real - by Democrats forcing the federal government to bail stuff out.

