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Saturday, January 15, 2011

Obama's Sleight of Hand; Destroying America

We, as humans, tend to focus on the accident on the side of the road and sometimes lose sight of what is ahead of us. The result is often a worse accident. Well, we having been doing that in regards to Arizona. There is a very good article in American Thinker that points that out.
While the Democrats and the liberal left have been railing against Sarah Palin, Glen Beck, Rush Limbaugh, and any other conservative they can, a lot of very bad economic news has come out. But with the concentration on Arizona, it has been lost in the wind. While we have concentrated on defending ourselves, the downhill fall of our economy has basically gone unreported by the mainstream media.
There are three things that really stand out to me:"Global food prices have reached an all time high"; "the consensus is that due to weather, demand and smaller inventories, the price of basic food commodities will surge even further"; and "The cost of a barrel of Brent crude is approaching $100 and some estimates indicate it may hit $120".
These are just a few of the important issues brought up in the article that have gone under the radar in the last few days. I understand the inclination to watch the accident on the side of the  road, but if we don't start watching the road ahead there is going to be an even greater accident. 
The even worse thing is that it may not be an accident. If you really listen to what many in the Obama administration have stated, it seems that their goal is to deliberately lower our standard of living. After all, Stephen Chu has stated that he would like to see gas prices the same they are in Europe. I don't know about you but $7 a gallon would be a real hardship. 

American Thinker: Democrat Diversion Strategy Succeeds Again


Crisis Economics: A Crash Course in the Future of Finance

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