And they call this "economic recovery"?

America's economic outlook is looking extra bleak these days. This week we have seen some disappointing and in some cases quite alarming news. Let's run down the list, shall we?

In addition to rising gas and food prices, we can now add the following:

• Unemployment back up to 9.1%.

• An anemic 54,000 jobs created last month.

• Moody's again looking at downgrading out credit rating.

• China divest 97% of its holdings of US Treasury bills.

• The Feds are actually contemplating QE3.

To make matters worse, we have a president who is in love with stale old leftist polices from the 1970's who sees all this economic turmoil as a mere "bump in the road" to recovery. In short, we are screwed.

As far as the 2012 elections go, Obama's reelection does not hinge on who the Republicans field. Rather his reelection hinges on a game of beat the clock. Economic poop is about to hit the proverbial fan. The question for Obama is will it happen before November 2012?

God help us!

Via: The Washington Times
Via: Reuters
Via: Associated Press
Via: CNSNews
Via: The Guardian
Via: The Telegraph