Friday, April 29, 2011
With all of the hubbub over Barack Obama's alleged birth certificate, the mainstream media has largely overlooked all of the latest good economic news for America. Assuming that, like a buzzard, your definition of "good" is synonymous with "sun-baked, maggot-infested roadkill."
The International Monetary Fund has just announced that they expect America's declining economy to take a backseat to that of China in just 5 years. The implications are huge and are well summarized by saying that, in an economic sense, the "Age of America" will be over on the world stage.
Combine that with Standard & Poor's recent decision to downgrade America's economic outlook from "Stable" to "Negative," and say there's a 1-in-3 chance that the United States will lose its AAA borrowing rating within 2 years.
Economic growth has dropped to 1.8% and inflation is rising, causing the cost of everything to rise.
Meanwhile, the actual value of the dollar drops every day while Tim Geithner keeps the printing presses busy spitting out imaginary money and shrugs off the insanity of raising the debt ceiling yet again.
So now that Barack Obama has produced proof of citizenship, we think America is overdue to see him produce some proof of leadership.
But despite the maggot-infested roadkill, we won't be holding our breath.