If You Say Something Enough, It's Bound to Become True

Our idiot-in-chief refuses to say recession. He graciously acknowledges that our economy's growth is slowing, and he concedes that some Americans are having a difficult time, but he won't say recession. Home sales and values are dropping, manufacturing is falling off, and the cost of food and fuel are skyrocketing while wages seem to remain stagnant.

A larger percentage of money being spent on food and fuel by necessity leaves a smaller percentage for discretionary spending. This means that people will be spending less on goods and services outside of the basic necessities, which means that employers lay off their staff, completing a self-perpetuating cycle. Yet the president won't say recession.

He's bumped up the date that those rebate checks are supposed to go out, claiming that they're going to help our economy. It helped after 9/11, but I firmly believe there will be no benefit this time. Americans are too personally aware how screwed up things are right now, and I believe that the majority will not buy discretionary items... they're going to buy extra food and fuel, and pay off existing debts. When they buy fuel, most of the money will end up in Arab pockets, so that dollar will only be spent once in America. Buying food will be good, as long as it's domestic food. Paying off debt will be good, but it won't stimulate the economy.

Despite what the prez says, we're in a recession folks. In fact, I'm going to predict that we experience a few years of stagflation. Just saying something repeatedly doesn't make it happen.