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The PJ Tatler

by
Stephen Kruiser

Bio

April 23, 2013 - 3:50 pm

Recovery“.

Factory activity expanded at its slowest pace in six months in April, the latest sign that economic growth continued to lose momentum early in the second quarter, though the recovery has not been derailed.

Even as the economic picture has dimmed in recent weeks as the effects of government austerity started to filter through, strength in the housing market has provided an anchor.

New home sales in March were at their second-highest level in three years and overall house prices rose in February, other data showed on Tuesday.

“The numbers are not suggesting that the economy is surging, but none of them are really showing that the economy is falling off the cliff,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York.

This “Well it’s not a complete disaster” attitude is the new normal. One step forward and one step back leaves you in the same place but the press continues to whip out the champagne for each forward step, hoping that the public will get drunk enough to notice that nothing is getting better. This economy desperately needs some surging action and, despite every “necessary” action taken by the government, none of that is happening yet. And yes, you can bet what little retirement savings you have left on the fact that if anyone but The Lightbringer were in office right now the MSM would be oozing concern.

Four more years.

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

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The GDP will surge 3% in July because the accounting will be reworked to show growth.

What should be looked at is not just housing sales but WHAT houses. Are these middle class homes or more likely houses for the rich and government workers? There are plenty of articles out there illustrating how middle and lower class focused businesses like Walmart are stagnant to struggling while rich focused businesses like Sachs are going gangbusters. It is the same in housing, cars, just about everything.

Simply put, the economic data is being skewed because the majority are tightening their belts and losing ground while the rich really are getting richer and the bureaucrats are following suit.
52 weeks ago
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