Don't Read Bad News

This is bad news.

The Federal Reserve Bank of Philadelphia Survey fell from +3.2 to -30.7. A reading that low has always signaled that a recession is coming in the near future.

The University of Michigan Consumer Sentiment plunged to 54.9. Again, a reading that low has always signaled that a recession is coming in the near future.

The Institute for Supply Management (ISM) surveys indicate contraction. That signals a recession is coming in the near future.

The stock market is taking a pounding.

The evidence points to another US recessionary hit. Its going to get worse.

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Is government the answer?

This recession is homegrown. When I talk to people about this, they say the world is going through hard times, so the US will too. This view forgets the US is still the dominant world economy. When the US catches cold, the rest of the world gets pneumonia. It started here.

Aggravating the world's economic problems is the unresponsive Obama administration. Obama offered fertilizer in his recent Bus Tour campaign speeches -- he offered the same ideas which got us into this in the first place.

The downturn is being fueled by Obama's "Stimulus" package, enacted nearly three years ago. For example, in Washington State, the "Stimulus" gave the Gregoire government $2 billion to dig a tunnel under Seattle. Gregoire had to match the federal funds with a $4 billion increase in taxation. The tax increase is slowing the state economy in awful ways.

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The solution still is human freedom

The US must return to a free society and free economy -- Freedom is always a good thing. That will cause the world economy storm to subside and everyone everywhere will be better off.

Washington State - How dare the people!

Initiative 1033 is an attempt by Washington State residents to restore responsible, rational government to the state. Washington state preserves in its constitution the right of the people to petition the government directly, and the will of the people is the supreme law of the land. But, by bad luck, the “Democratic” Party rules; the people have no hope for real democracy.

The present state government has spent 9 billion more than they have in revenue. (This sounds so tame compared to to the Obama government spending 1.5 trillion in deficit.) Deficit spending is outlawed in this state. No debt slavery for Washington.

The initiative would make it illegal to increase taxation for an unbalanced budget. More accurate, the imitative would make increasing taxation, without specific voter approval, illegal.

So along comes all the misrepresentation and outright lies from the fascist Left. The claim on television ads is the initiative 1033 would ruin education. Classes will be oversize, students will be forced to learn poorly, and the children will suffer.

"Government officials should live lavish lifestyles, at the expense of good schools" is the real message. Creeps.

If it is enacted, I-1033 will provide one more means to hold elected officials accountable. That is the one reason the elected officials hate it. They know how to lavish money on themselves. Who deserves it more, them, or you, the person who earned it?