September 29, 2012
LOOKS LIKE WE’RE IN FOR NASTY WEATHER: CNBC reports “‘Zombie Economy’ May Give Markets a Scare in October.”
Or as Mike Flynn writes at Big Government, “Storm Clouds: The Looming Obama Recession:”
Make no mistake, the deteriorating economic situation is the result of Obama’s policies. Since the end of the recession we’ve had massive stimulus, auto bailouts, cash for clunkers, ObamaCare, Dodd Frank and a host of new regulations. We have also been promised a huge tax increase should Obama win reelection. If you were intentionally trying to trigger a recession, you’d be hard pressed to come up with more effective policies.
Obama’s reelection campaign is predicated on the myth that the economy, while weak, is steadily improving. It isn’t–at all. Come November, Obama ought to take his rightful place in the unemployment line.
Or else a lot more of the rest of us will.