It doesn’t matter if you think he’s a Marxist, a Muslim, a narcissist, a sociopath, or any other name for his behavior

Flatlining the Economy

- Alan Caruba
Saturday, July 16, 2011

As is well known, I am an expert on practically everything. This is why I am obscenely wealthy, sought after by the major media, and am an object of desire even in my early 70s. And! I have a bridge to Brooklyn to sell you!

Despite my shortcomings, I can and I will share with you a bit of economic forecasting that takes no great genius to detect. The U.S. economy is going to flatline all the way through the next election in November 2012. It’s going nowhere and prospects thereafter are dim as well.

Millions of Americans, including those so deluded to think that a guy who had never run a business in his life could actually run a nation, put him in the White House. Let me rephrase that. He has run a nation…right into the ground.

It doesn’t matter if you think he’s a Marxist, a Muslim, a narcissist, a sociopath, or any other name for his behavior, the fact is no one is going to spend a dime more than necessary until he’s out of office and on a plane back to Chicago, Hawaii or Kenya as of January 2013.

Take, for example, the news on July 8th that unemployment had risen to a six-month high of 9.2%. Non-farm payrolls had risen to just 18,000 in June. Peter Ferrara, a senior fellow for Entitlement and Budget Policy at The Heartland Institute, responded to the news saying, “Since the Great Depression, recessions on average in America have lasted 10 months, with the longest previously being 16 months. Yet here we are 42 months, or 3 ½ years, after the recession started, and unemployment is still rising.â€