The Patriot Post® · The Current State of the Economy

The Stock Market closed at a record high last year.

That should scare you.

On what is this phenomena based? According to the bifurcated chart in the attachment, corporate earnings. And that is a very good reason. As we look more deeply, these earnings may have resulted from cost savings in employment; another good reason for optimism. Business is much more efficient.

On the other hand:

How sustainable is a recovery that leaves so many unemployed? Count those who stopped looking for work and unemployment is closer to 14%. How long will consumers purchase the goods produced by these businesses? Or, what happens when the rate of increase in consumer purchases slows down? Businesses will reduce costs again and lay off more employees. QE-Forever has weakened the US$ and this prevents our manufactured products from selling overseas.

ObamaCare has just started to depress economic activity; how deep will it go when 23% of the economy, the entire medical industry and its support businesses are controlled by central planners? Energy is hostage to EPA, Global warming and other fools-in-control. Dodd-Frank and its evil spawn, CFPB, is only now coming into its own; how depressive will be central planning and total government control over the financial industry, energy and medical? In a word, Extremely.

IMHO, the stock markets’ ebullience is a party based upon falsehood, lies and deceit. The party is coming to an end. Big Brother is the central theme going forward…

Our nation has one chance and that is a sea-change from liberal socialism and big government intervention to fiscal conservancy: freedom from excessive government controls, taxation, and regulation. It is not the next election or even the presidency in three years; we need a systemic and deep change in the way we govern our nation, our party, ourselves.

If we really are the party of freedom, then we must act it. Our actions must reflect our words or they, we, have no meaning. And our nations’ former greatness will be an historical footnote.