$$$$$$$$$$$$$$ – April 03, 2008

Posted on April 3, 2008. Filed under: Uncategorized |

Obama states clearly that he believes the economy is in shambles and recession. However, our economy has not yet delivered results that meet the criteria for a recession. It was reported on CNN News and Fox News this morning that Obama raised another $40 million in the month of March, 2008. Money is flowing to Obama and Clinton like a waterfall. McCain has raised a fraction of their amounts. Obama has broken all records for single month fund-raising with $55 million raised.

It’s amazing that Obama and Clinton can raise so much money so quickly and easily, if the economy is truly in a recession. Obama has stated that his donations come in small amounts from individuals, making his “recesssion time” results all the more spectacular. Everyone knows that Democrats are funded by large wealthy donors like George Soros. Either a handful, maybe as few as one or two, wealthy Democrats are choosing the party’s nominee by out-funding the opponents, or there is no recession. No one really believes that in a recession, ordinary individuals would pour their money into Obama’s campaign and let their mortgages, groceries, kids’ needs and other bills languish.

In February, Obama spent $1.5 million PER DAY and Hillary Clinton spent $1 million PER DAY! (The Houston Chronicle online: http://www.chron.com/disp/story.mpl/politics/5637775.html) Read the article for more details on the cash bonanza in the so-called recession. The economy has to be able to support that and it has.

They will spend the same way, if they ever get in the White House. The programs they each have proposed can top billions if implemented. At the same time, they harp about Bush’s spending, the deficit and our grandchildren’s future burden. Yet, they continue to dream up more money-gobbling programs. A Nanny Government will cast the economy into a recession or worse. If we aren’t in one now, a Democrat in the Oval Office will certainly see to it that we get there quickly.

Solution: Raise taxes on individuals and everything we buy or do, including our deaths.

According to an article in Wikipedia:

“In macroeconomics, a recession is a decline in a country’s gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.

In the US, the judgment of the business-cycle dating committee of the National Bureau of Economic Research regarding the exact dating of recessions is generally accepted. The NBER has a more general framework for judging recessions:

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.[1]


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