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2012 ElectionEconomyLame Stream MediaOpinionPolitics

Economic Crisis and the Media’s Distractions

Can you believe the biased commonality and triviality of questioning on the recent talk shows? Clearly the Liberal-Left hosts have received the same talking points. They’re all posing the same basic line of questions – why has Romney had such a terrible two weeks – why is his campaign so ineffective – why is he making so many boo-boos?

Clearly their line of questioning is designed to brainwash the voters into thinking Romney has already lost – Romney can’t win – the folks like Obama better than Romney – et cetera.

We all know the Liberal-Left media is strongly biased in favor of Obama and the Democrats and they are doing everything possible to cover up for this failed president.

The media think the voting public is gullible – and perhaps there is a segment that is uninformed and susceptible to their irresponsible spin. But the majority of likely voters are informed and will not be fooled as they were in 2008 by the Liberal-Leftist media.

Informed voters know they, their families and their friends are not better off today than they were when Obama took office. They know he has failed to fulfill his promises of four years ago.

Median family income has declined over $4000. Household median wealth has decreased by over 39%. 23 million workers are unemployed or underemployed. Our nation’s unemployment has exceeded 8% for the past 43 months. 47 million people are receiving food stamps. Over 100 million people are receiving government assistance of some sort – not counting Social Security or Medicare. The nation’s growth rate is less than 2% – not sufficient to sustain our job requirements, population growth, and Obama’s Entitlement Society.

The Obama Administration has operated without a budget for three years! Obama is borrowing $3.5 billion (3,500 x one-million dollars) a day to fund its operations and his Entitlement Society. Our national debt has increased 50.9% ― from $10.6 trillion to over $16 trillion (16 million x one-million dollars) since Obama took office. He is planning to borrow another trillion dollars a year during his second term.

Also, the US dollar has declined over 6% since the Democrats took control of Congress in 2007. And the Federal Reserve has announced it plans to inject $40 billion a month (QE3) of new money into the mortgage market for as long as necessary to bring down unemployment. This means the dollar will continue to decline in purchasing power, i.e., prices will continue to go up. This is a hidden tax that picks our pockets and savings slowly but steadily.

Our children and our children’s children will be handed the bill for all of these excesses of the Obama Administration!

The American media’s bias is attempting to distract the voters from the real issues ― the important issues that will determine the fate of our citizens for decades to come.

Image:; Chuck Kennedy; public domain

William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.

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