Thursday, February 4, 2016

Shock Doctrine Obama Style

No one was more surprised than the Bush chimp when it all came crashing down in his last year in office, and no one is going to be more surprised than the current uber-dunce...

"Anyone claiming that America’s economy is in decline is peddling fiction. (Applause.)" 

The concept of corporate Shock Doctrine is to use crisis as cover to foist "change" upon a stunned populace. 

9/11 was Bush's Shock Doctrine event

2008 Lehman was Obama's Shock Doctrine event

2016 State of the Union Address. President Obama:

"Let me start with the economy, and a basic fact: The United States of America, right now, has the strongest, most durable economy in the world." 

We’re in the middle of the longest streak of private sector job creation in history. More than 14 million new jobs, the strongest two years of job growth since the ‘90s"

Reality check:
Eight millions jobs were lost in 2009, and since 2007, the U.S. population grew by 18 million. Therefore, net 6 million new jobs were created for 18 million people. 

If you take the total jobs divided by the total population, this is the result:

"And we’ve done all this while cutting our deficits by almost three-quarters."

Reality check:
GDP-Debt year over year is still negative. The debt is growing faster than GDP for the first time ever. Now, debt IS GDP.

"Now, what is true -- and the reason that a lot of Americans feel anxious -- is that the economy has been changing in profound ways, changes that started long before the Great Recession hit; changes that have not let up."

Not let up? These are changes that went into overdrive after the Wall Street bailout, aka. outsourcing the economy for special dividends:

"Our new economy consists of buying things made in other countries, marking them up 10x and then selling them to jobless consumers"

Corporate profits indexed to GDP