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How many times have you heard the Clinton/Gore administration and it's cronies croon about the state of the American economy and how they " have presided over the greatest economic recovery in history "? The answer is; every time they want to change the subject from one of their illegal dirty deeds to something they consider positive. Well, no more can these slimeballs claim the economy is rosie. Remember DOW 11K and NASDAQ 4K? Have you bothered to take a look lately? If you did, you would see that the recovery which was started by President George Bush has been viciously squashed and now reversed by the ineptitude of the current amateurs inhabiting the White House and their minions. Our precious President, Bill Clinton, has now proven beyond a shadow of a doubt that you don't learn morality or economics, no matter how many Rennassiance Weekends you attend!
This week ( the ides of May ), the chairman of the Federal Reserve Board, Alan Greenspan decided to raise interest rates a half of a percentage point, continuing the march of rate hikes he has irresponsibly been perpretrating upon the business world lately. Get ready for this, boys and girls, and read my lips. INTEREST RATES ARE NOW HIGHER THAN BEFORE CLINTON TOOK OFFICE. That's right, baby; the Clinton administration has created it's very own INFLATION! Hopefully you were saving some money, as this extra currency will be needed to buy what you thought was going to cost less than it actually does, after the new additional interest is factored in.
The higher interest rates associated with this artificially created Clinton/Gore administration inflation will mean that the fictitious, imagined, budget surplus has now all but disappeared ( not that it was ever there to begin with ). The big question is; will the media or politicians pick up the story and run with it? I think not. Both the left wing liberal news media and even conservative politicians are too happy with the statis quo to insert the truth to confuse the issue!
The continued uphill march of higher interest rates will mean the United States taxpayer will be shelling out more hard earned dollars for the same old identical goods and services, in the form of greater monetary interest on automobile loans, home loans and credit card payments, for example. You can ultimately thank the selfish lowlife pair at 1600 Pennsylvania Avenue for the increase in your monthly payments and the losses in both your 401K and your checking account balance. The only thing you may be able to thank them for is possibly a modest increase on the interest which savings accounts accrue ( and don't be silly enough to think you will be getting a full one half percentage point increase either ). Oh, you say you like that? Well, before you start whooping it up too much think about what that measely one half percentage point calculates to, when applied to the massive yearly federal goverment budget in Washington D.C. and the trillions of dollars of the ever mounting National Debt. The answer is mind boggling and unavoidable...GOOD BYE SURPLUS; HELLO DEFICIT!!!
How did we get to this point, where the interest rates are higher than they were in 1990 ( that's right folks, 1990; during the beginning of the often ignored President George Bush created economic recovery )? The FED has raised the prime interest rates repeatedly in the name of stemming some phoney perceived future inflation woes, but it didn't realize what it was doing until it was too late. It has created out of thin air, the very condition it so loudly claimed it was trying to stop! I question Greenspan's motives as he holds no stock. We all know what the stock market does when interest rates go up ( insert the sound of a Japanese Zero Kamikaze going down the old smoke stack ).
So, here we go into the black hole of economic turmoil; featuring such hit chapters as prosecuting the greatest software company in the world, Microsoft, for helping drive the new internet based economy and the upcoming surrender to the communist vermin Red Chinese economically by paying homage to the slave labor driven totalitarian government of the People's Republic of China, in granting them normal trade relations!
Remember, don't let the liberal democRATS get away with claiming the economy is in great shape any more; as the demonstrable truth is that INTEREST RATES ARE AT AN ELEVEN YEAR HIGH and the Clinton adminstration still has another six months to make it even worse!
- Bongo ( Question authority? )
