In the America over which Barack Obama has the tedious chore of actually presiding, second-quarter GDP growth was revised down from 1.7 percent to 1.3 percent — or, in layman’s terms, from “barely detectable” to “comatose.” Orders of durable goods fell by 13.2 percent — or, as Obama would say, the future must not belong to people who own household appliances. Growth of capital stock (which basically measures investment in new equipment and software — or, as Obama would put it, investment in “the future”) is at its lowest since records began. There are 261,000 fewer payroll jobs than when Obama took office — in a nation where (officially) 100,000 immigrants arrive every month. A few weeks ago, an analysis of government employment data by the nation’s oldest outplacement firm, Challenger, Gray & Christmas, discovered that, of the 4,319,000 new American jobs created since January 2010, 2,998,000 — or about 70 percent — went to people aged 55 or older. This is a remarkable statistic, even in a land of 31-year-old schoolgirls like Sandra Fluke. You’d almost begin to get the vague, unsettling feeling that the future does not belong to Americans aged 54 and younger.And yet there are people out there who still support him.
No doubt living in Obama’s future will be peachy. But in the meantime we have to live in his present — the one he’s nominally in charge of, the only one available.
Sunday, September 30, 2012
Four More Years! Four More Years!
Posted by Jerry Fuhrman at 7:27 AM