Get on board folks and fasten your seat belts! Like it or not, we are now all forced to take the ride. Let the good times roll. 4 more years allows plenty of time to take a scenic trip through the mountains and valleys of Obamaland!
But, they may forget to tell you it’s going to be quite bumpy and the train may not find its way back to the origin. Instead, it may go right over the cliff.
Since the election, the realization has hit just how runaway the Obama train actually is.
45 companies announced layoffs within the first 48 hours of Obama’s reelection
Let’s add to that another 18,500 people due to the demise of the Twinkie!
Business investment is about the go over the same cliff!
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
More bumps in the road: Obamacare has 20 read again 20 different taxes that can impact business.
Arranged by their respective sizes according to CBO scores, ….the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, their effective dates, and where to find them in the bill.
As if we needed further proof that we are teetering on the edge, SNAP applications AKA Food stamps use rose a record 400,000+ from July 2012 to August 2012. We now have an all-time record 47 million people on food stamps.
Food stamp usage has soared to a new record high of 47,102,780. As of August 2012, 1 in 6.7 people are on food stamps in the United States. That's 15.0% of people living in America are on food assistance. The United States population in middle of August 2012 was 314,484,000 and this figure includes everyone, including Americans overseas. Food stamp usage increased 2.9% from August 2011 and 0.9% from July 2012.
Since October 2007, food stamp usage has increased 74.4%. Population has increased 3.9% during the same time period.
But we are told that the economy is doing so well folks!! (wink, wink) Another interesting point is that it’s the bluest of the blue states of New Jersey and Illinois that recorded the greatest increase in food stamps from 2011. Redder than Red Texas, Idaho, Oklahoma, North Dakota, Missouri, Montana, and Idaho actually saw declines. Texas recorded an 11% decline vs. 2011. Sadly, the overall net effect was increase – providing a consistent annual increase since 2007. Doesn’t anyone ever go off food stamps to impact the national stats? Is that a one-way ticket as well??
A new report from the Congressional Research Service (CRS) confirms that food stamp participation doubled among able-bodied adults after the Obama Administration suspended the program’s work requirements.
Although the weak economic situation would have likely resulted in increased food stamp participation, the Washington Examiner notes that the “doubling of the use of food stamps by the able-bodied population without dependents exceeded the 43 percent increase in food stamp usage among the broader population over the same 2008 to 2010 time frame.
Did you get that? Doubled among able-bodied adults after Obama suspended the work requirement? Something is very rotten in this country known as Obamaland.
Now we are really approaching the precipice. The train is slated to go off the cliff on 12/31/12 if Congress and Barack cannot reach agreement on the debt deal. Adding to the thrill of the ride are the recent twists and turns of the Benghazi situation and the National Security Love In with General Petraeus in the starring role!
Brace yourself folks. The Barack Obama runaway train is just pulling out of the station. Fasten your seat belts for what is sure to be a bumpy ride! Toot! Toot!
Let the good times roll! /s