Stupor Mundi’s Recovery: Milk Up 25%, Eggs 33%, Gas 40%, Apples 26%, Meat 27%
by Betty Butter • 24 July, 2014 • Politics • 0 Comments
Milk is 25% more expensive; apples are 26% more. Meat prices have climbed 27%; eggs, 33%. Gasoline costs a whopping 40% more.” So, how do you feel? Are you better off than when Stupor Mundi* was inaugurated in 2009?
*Definition of Stupor Mundi: A man of extraordinary culture, energy, and ability – called by a contemporary chronicler stupor mundi (the wonder of the world) Said of Frederick II, Holy Roman Empire.
From Investors Business Daily:
In a speech last week in Delaware, President Obama was positively bursting with pride about what his policies have produced since the economic recovery started five years ago.
“Our businesses have now added nearly 10 million new jobs over the past 52 months,” he said. “Construction and housing are rebounding. The auto industry is booming. … Manufacturing is adding jobs for the first time since the 1990s. The unemployment rate is at its lowest point since September of 2008.”
Obama said that “the decisions we made — not only to rescue our economy, but to start rebuilding it on a firmer foundation — those decisions are starting to pay off.”
He continued: “By almost every economic measure, we’re doing a whole lot better now than we were when I came into office.”
If all of what Obama claims is true, that certainly hasn’t sunk in with the public.
The IBD/TIPP Economic Optimism Index, for example, is lower today (at 45.6) than it was in June 2009, the month that marks the official end of the last recession (when it stood at 50.8).
Just 38% of the public say they’re satisfied with the direction of the country, down from 51.5% in June 2009. Just 19% think the economy will improve over the next six months, compared with 34% five years ago.
Even more startling, five years after the recession ended, 45% think the economy is still contracting; more than half (52%) say it isn’t improving.
What do these people know that Obama doesn’t?
What Obama didn’t say in his speech is that the recovery he has overseen — which started six months after he took office — also has been the weakest on record since World War II.
Read more at
http://blurbrain.com/stupor-mundis-recovery-milk-25-eggs-33-gas-40-apples-26-meat-27/#xgZilOB7s4vhTLLa.99Read more at
http://blurbrain.com/stupor-mundis-recovery-milk-25-eggs-33-gas-40-apples-26-meat-27/#xgZilOB7s4vhTLLa.99
