Economic depression accelerates in US, unemployment to skyrocket and prices to go sharply higher quadrupling the distress index – does Obama have any clue?
Special Correspondent
Apr. 26, 2009

The U.S. economy probably plunged again in the first quarter, reflecting a drop in inventories that may set the stage for a return to growth later this year. Gross domestic product shrank at a 7.4 percent annual pace after contracting at a 6.3 percent rate in the last three months of 2008, according to the market expectations. Figures from the Institute for Supply Management on May 1 may show manufacturing shrank at a much faster pace this month.

Economic depression accelerates in US, unemployment to skyrocket and prices to go sharply higher quadrupling the distress index.

Living under luxury, the man of hope has little clue on what is happening behind the scene. He has bailed out the banks only to find they squandered his bail out money any ways. He has bailed out GM and Chrysler only to find that they are in the bankruptcy any ways.

Obama continues to live in middle of dreams. Good food, good life, what does this man of hope care any more. Like Bill Clinton, $100 million bribes will be waiting after his four years are over. In the mean time common American citizens will die without food, medical care and a safety net in the world’s richest country.

It is time for Obama to prosecute Bush Administration. It is time for Obama to detach himself from the nasty American rich oligarchs that control his administration. It is time for him and his administration to go after JP Morgan Chase and Goldman Sachs, mothers of all corrupt American oligarchs. He cannot go after them, after all, Obama is a well-fed house slave of these American oligarchs.

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