Potemkin Economy


After news of a “surprise contraction” of .1 percent in the U.S. economy during the fourth quarter of 2012, the Fed decided to continue its $85 billion monthly bond-buying stimulus. What could possibly go wrong? My cartoon below was based on an idea by Amy Peikoff.

 

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  • Mary Sue

    hahaha, 'surprise contraction' my arse. It's only a surprise to the No Information Voters.

  • Rostislav

    Historians (Robert K. Massie including) have proved long ago that our prince Potemkin DID built quite a real economy at the Russian South, being unfairly slandered by his envious haters at the Catherine II's court. So maybe it's a good time to rename the phenomena into Obama Economy – its sad state is not any slander, it is a fact! Rostislav, Saint-Petersburg, Russia

    • objectivefactsmatter

      It's what the Communists did later there that American references are derived from.
      http://www.merriam-webster.com/dictionary/potemki

      • Rostislav

        Well, let's make it fifty-fifty: Stalin villages+Obama villages (I'm still ready to defend the good old prince Potemkin honor!)

  • Ar'nun

    Hillary's next memoir should be tittled, "It Takes a Potemkin Village."

    • objectivefactsmatter

      Hillary's next memoir should be tittled, "It Takes a Potemkin Village."'

      That's very funny. She already lives it. Truth in book titles.

  • tanstaafl

    Bosch! You still da man.

  • http://www.facebook.com/DLS4U/ Dan Schwartz

    Our actual economy has actually been shrinking due to the long-term trillion-dollar structural deficits on our $15,700 billion GDP and Bernanke inflating the currency: If you subtract out the borrowing, our economy is actually contracting 6% per year, as Commerce is jiggling the inflation figures… Which is the GDP deflator.

    America is bankrupt: Thank you George W Bush and Barack Hussein Øbama.

    • HiPlainsDrifter

      Don't forget to thank the '07 Nancy Pelosi led House, where ALL spending begins…..if you look at a graph, the real GDP pullback began there…

  • http://reasonversusmysticism.blogspot.com/ Burgess Laughlin

    Our President is Balloon Man, a super anti-hero ready to pop and deflate at any time.

  • RiverFred

    Instead of pumping trillions into the economy with the same 0 result, why don't they get to the root of the problem, Bill Clinton's NAFTA. Why is our mfg. leaving and why are we importing a great deal more than we export, dah!

    • Treadway51

      RiverFred; You know that NAFTA didn't cause our mfg. to leave and it wasn't Bill Clinton who VOTED to approve NAFTA. The REAL reason our manufacturing is leaving it TAXES (highest in the world), Unions & The NLRB (The Anti-Capitalist Criminals), the Regulations that are killing industries, The Eviro-Nazi's that want to exterminate mankind to save the planet AND NOW Obamacare that is so big we get to have a NEW SUPRISE everyday. Unaffordable, unworkable and deadly.

      • 11bravo

        Automation has really lowered the amount of manufacturing jobs for the last 30 years too!!

        Perfect storm, Stupid government policy + automation.

        • objectivefactsmatter

          "Stupid government policy + automation."

          While it's more complex than this, I'd say if we didn't have to fight leftists all the time over nonsense, Americans might be more educated about salient issues like the predatory economic practices of the Chinese. And stupid union members would not be so gullible and destroy the places that give them jobs. It's amazing we've been as successful as we have been in spite of all the stupidity.

  • surfcitysocal

    We have a small company with 30 employees. It's been bad for 6 years. And every time TPTB announced the economy was better, we'd say. "Yeah, right." And our employees who have suffered along without raises for a long time echo, "Yeah, right." It's about time the official numbers finally caught up with what those "on the ground" have known what the deal was all along.

  • Barakus abomadidas

    Buy a volt! Use solar panels. Use biodiesels. Dont defend yourselves against criminality from me most of all. OH and stick it!

  • Mike in VA

    Great cartoon, Bosch!

  • AllMenAreIslands

    Great analogy – begs the question, how much air can a balloon hold? How long before the economy "pops" ?

  • Drakken

    Wait until the real numbers of the state of the economy hits and the masses in the inner cities no longer get their stimulis, it is going to get ugly and frankly I'm all out of any sympathy when the economy crashes, who are the leftist going to tax then when everybody is out of money?

  • scum

    I don't know, perhaps the DOW will top 15,000

  • Andy Lewis

    We need the Old Deal back.