“Once you strip out the effects of the debt binge, the artificial stimulus via currency depreciation, and the fabled ‘wealth effect’ from the equity market runup, real GDP growth stripped-down to its core was the grand total of 0.7% last year. Potemkin would be proud.” – David Rosenberg
It appears every president finds the religion of false economic narrative once they ascend to power. Trump never stops babbling and tweeting about the fantastic economy and raging jobs market since his election. He has embraced the stock market bubble as proof of his brilliant leadership, rather than the tens of trillions in debt propping up the most overvalued market in world history. Every president takes credit for any good news, spins bad news as good news, or blames the previous president for bad news that can’t be denied. The president has absolutely zero impact on the economy or stock market over the short term. It’s like taking credit for the sun rising in the east each morning.
The Big Lie method works wonders when you have a willfully ignorant, mathematically challenged, easily manipulated populace. I spent the entire Obama presidency obliterating the fake economic data perpetuated by his BLS, BEA and every other government agency trying to paint a rosy economic picture. I voted for Trump because the thought of Crooked Hillary as the president made me ill. Despite disagreeing with many of his economic, budgetary, and military policies during his first year in office, I’d vote for him again over Hillary in an instant. The thought of having that evil shrew running the country gives me chills.
But that doesn’t mean I will stand idly by, cheerlead and ignore the facts to provide cover for Trump. I despise false narratives, whether they are spun by Democrats or Republicans. The Deep State still runs the show on a day to day basis, and it is in their best interest to mislead the public, keep them sedated, unaware of how bad things have become, and oblivious to the coming debt shitstorm destined to destroy this country. Every remedy prescribed by the Deep State players within the government, Federal Reserve, and Wall Street since 2008 not only did not cure the disease infecting this country, but exacerbated the disease and insured the inevitability of our demise.
It is particularly irritating to hear Trump and his minions bloviating about the tremendous job growth since he was elected. U.S. job growth has averaged 176,000 jobs per month over the past year. That’s down from an average of 208,000 in the prior year, and 217,000 over the prior 4 years. But why let facts get in the way of a good story. The number of new jobs being added per month is on a declining slope. We are eight years into a fake recovery built on trillions in debt, with the ensuing bubbles in the stock market, bond market and real estate market. I don’t need politicians pissing down my back and telling me its raining.
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.