Posts Tagged ‘unemployment’

America’s Disaster Called Obama

October 10, 2014

Now Obamanites will be horrified and outraged at the above title and my sympathies and condolences go out to you for your unmitigated blindness and desire to continue to live in your own la-la land of unreality and political correctness.  Those who voted for Obama the first time might be excused for their ignorance and passion to see the first person of color or “black” man elected to the highest office in the country, but to vote for him a second time after his first four years was an unmitigated disaster is inexcusable.

It is a shame that America’s first “experiment” with electing a “minority” has proven time and again to be seriously detrimental to the survival of the U.S.—NOT because Obama is of the minority class, but because he is just horrific as a qualified leader.  While some think Mr. Obama is inept as a leader, he is, in reality, quite adept at accomplishing his catastrophic agenda and that of the Democratic Party.

Everywhere a discerning person looks—and I mean discerning and not a blind, dyed in the wool follower—everything that has Obama’s mark on it has been destructive to America’s and American’s well-being.  I know most of the talking heads on television and the columns and editorials in newspapers and online that tries to pass and impress as honest journalism still oozes with Obama superlatives and “successes”.  And, NO, I am not a Fox News junky, although they seem to be one of the few left that believes the American people are owed the truth no matter how painful it might be.  [By-the-way, for you Fox News haters, Fox pulverizes every other news network in every time slot by more than 4 to 1 in viewership.] Unlike most, I spend hours researching original sources from all over the world, not just the evening news or conservative sources.

It is hard to know where to start with reviewing Obama’s record.  From my view (as an American historian) there has never been a more corrupt, deceitful and shameless administration in America’s Whitehouse than the current one.  A president and an administration that so blatantly abuses and overrides the United States of America’s Constitution and breaks the law of the land at the highest levels.  While Obama proclaims to the public that it is the Republicans that are preventing him from getting anything through Congress, the truth is that he not only refuses to work with the opposite party, but that there are so many scandals, abuses of power and perjuries before investigative committees, that Congress has no time to contract the people’s business.

Right from the start, President Obama and his Democratic cohorts, such as Nancy Pelosi and Harry Reid, with straight faces, lied to the American people about the disastrous health care program that would destroy America’s top flight health care system and turn it into a third world program.  Today, even as I write, it has been announced that another 13 states (CT, DE, MD, MA, MN, MS, NY, RI, NV, NM, VA, VT & WA) and the District of Columbia will be terminating several hundred thousand health policies by month end because they cannot meet the ridiculous requirements of Obamacare.  Obama himself has violated his own health care law over 30 times since its passage, changing, delaying the law or exempting favored groups or political supporters.  It is a reckless and impeachable violation of the law.

As a minority president that many had hoped would heal any remaining racial divides in the country, instead of healing he has been the most racist president in our history, using the power of his office and his justice department to bring about increased tensions and silent permission for uncontrolled racial violence against non-blacks.  Obama readily interjects himself into any perceived injustice against blacks but turns a deaf ear and blind eye against black violence against other blacks or non-blacks.

When he was running for his first term of office on the national scene Obama boldly proclaimed that his administration would be the most “transparent” in the country’s history.  Instead it has become the most closed, secretive, deceptive and deliberately obfuscating administration in the history of the country.  It is so bad that people are beginning to realize—not only in the U.S. but around the world—that there is nothing that Obama or his administration says that can be trusted or relied on as the truth.  ALL of Obama’s decisions and calculations are measured in political gain and his vision of “transforming” America, not in what is best for Americans.

By now, even among his ardent supporters, it should be crystal clear that Obama has no interest in doing what is best for America or in truly protecting Americans at home or abroad.  I know that is a harsh assessment, but the evidence is overwhelming.  How else can a rational person explain his ignoring and even abetting a wide open border on the southern line with Mexico at a time when illegals, criminals, gang members, drug traffickers, Islamic terrorists and diseases are flooding across the border and he does nothing—NOTHING!!!!  He sees no need to provide our embassies with adequate protection in hostile environments, and in the case of the terrorist attack on a deliberately unprotected Benghazi, has the audacity to lie to the American people repeatedly about the cause of the attack.

Since he was elected to office, Obama has shown a clear and strong propensity and aversion to confronting or doing battle with America’s enemies.  He is more interested in aiding and abetting the enemy than conquering them.  How else does one explain his obsession with closing the Guantanamo Bay (GITMO) prison camp for Islamic terrorists, letting most of them go free, including the ISIS (Iraq, Syria Islamic State) leader, Abu Bakr al-Baghdadi, the author of thousands of Islamic atrocities in the Middle East and other places known and unknown.

How else does one explain why Obama was so eager to release five notorious Islamic terrorists from GITMO in exchange for a known U.S. military deserter in Afghanistan and yet refuses to lift his adept hand and call the president of Mexico and demand the release of an American Marine hero who has been illegally held in a Mexican prison since April.

How else can you explain his willingness to vacate Iraq against ALL advice from his military leaders, thus exposing Iraq and remaining American civilians and military to the onslaught of ISIS and other Islamic terrorists?  It is now been revealed by his own military advisors that Obama was told about the growing threat of ISIS over two years ago and that he needed to take action, but he refused.  Now that ISIS has taken control of eastern Syria and northern Iraq and has grown from a rag-tag group of several hundred to well over 30,000, now Obama orders a few pin-pricks in the way of a few meaningless air strikes each day as ISIS continues its unimpeded march toward Bahgdad.  As far as I am concerned the responsibility for the ISIS atrocities and every beheading needs to be laid at the feet of Obama.

In his newly released memoir, Worthy Fights, former Secretary of Defense, Leon Panetta wrote: “But the President’s team at the White House pushed back [against military advice], and the differences occasionally became heated. . . .  and those on our side viewed the White House as so eager to rid itself of Iraq that it was willing to withdraw rather than lock in arrangements that would preserve our influence and interests.”

It has become increasingly clear to most observers that Obama is much more interested in the perks of his office than its responsibilities.  He would much rather be taking multi-million dollar vacations at taxpayers’ expense, golfing, shooting hoops in the “hood”or off  self-aggrandizing campaigning across the country touting his fictitious  political accomplishments.  How else can you explain his totally insensitive and callous handling of the news of an American being beheaded by ISIS?  He apparently was reluctantly dragged off the golf course to make a few second statement and then hurriedly returned to his real passion and focus of the day, his golf game.

I wrote in a blog the week before the 2012 presidential election, that if Obama was re-elected, Islamic terrorism would skyrocket.  Sadly, that has become true, because Obama has no interest in stopping it and seems to even sympathize with it and its perpetrators.

Toward the beginning of this blog I said it is hard to know where to begin with Obama’s disastrous exploits, but it is equally difficult to know where to end.  There have been a multitude of books written on this very subject from an equal multitude of vantage points.

There is, of course, his destruction of the U.S. military to the point that it is no longer combat ready according to military leaders.  There is his firing of over 200 military leaders and giving “pink slips” to over 500 more because he does not like them.  Then there is the economy which he says has never been better.  But the latest statistics (despite the government’s fabricated jobs report and unemployment knock down, is that 24% of those in their prime working years of 25-54 are not working.  The “labor participation” rate continues its metric slide from 66% when Obama took office to 62.7% last month, the lowest rate in 36 years.  In a recent October poll, 43% of Americans think the economy is getting worse and only 24% say they are better off since Obama took office.  Of course, the burdensome National Debt that keeps skyrocketing will have a yet to be measured negative impact of the nation’s economy.  When Barack Hussein Obama took office in early 2009, the National Debt was about $10.7 trillion.  As I write, the debt is nearing $18 trillion and will likely exceed that level by year-end.  Before Obama leaves office, he and his Democratic supporters will have increased the National Debt more than all his presidential predecessors combined back to 1940.  Now, granted, the Debt is not all his fault but that of many previous Congresses that put in place major spending bills with little or no financial resources to back them.  But Obama has willfully accelerated the wanton spending that is so typical of careless politicians.

But let us not ignore Obama’s attack on religious freedom and the foundational biblical moral code for families and human life in general.  Obama’s unwavering support of gay rights, abortion rights and all other types of perverse “rights” that undermine the very moral fabric of America is well documented.  His support of moral Christian values (he does still profess to be a Christian) and the American family is suspect, if not non-existent.

Now, there are those who say that it is not Christian or biblical to criticize the nation’s top leader.  But that is not true or biblically supported.  The Old Testament is full of God’s prophets and watchmen who were called of God to point out false leaders or those who were leading Israel astray or down an evil path.  Not all of the world’s leaders, including America’s, are ordained by God.  Some are clearly evil and that God allows because that is what the people want.  Israel clamored for a king, so God gave them a succession of kings, the vast majority of whom were evil tyrants and not interested in following God.

In the New Testament, even Jesus called out the evil political and religious leaders of his day.  He minced no words but spoke to the heart of the matter and the evil perpetrators.

For those of you who are still ensnared by Obamamania, my sincere condolences.  I pray you wake up from your malaise and ignorance of the facts before it is too late.

Update

October 11.  It is now being reported that the U.S., Turkey, Iran and Saudi Arabia are in a secret deal to not aid the Kurds in the Kurdish city of Kobani that is under siege from ISIS and about to fall.  Read more here.  If this is true, Obama needs to be immediately brought up on charges of treason for aiding and abetting America’s enemies.

Related Posts

America in Crisis

Deceived or Deceiver?

How Evil Works and Prevails

World Class Leadership Lacking in America

Evil is Good

End of Obama’s First Term

READ: Revelation 18 and the fate of America for as little as $4.95 on your Kindle or PC.

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America’s King

August 26, 2014

(Author’s note: It has been some time since I posted a blog on this site.  Partly due to travelling and spending the best part of a year writing my 18th book, Revelation 18 and the fate of America;  but also because I am keenly aware that there are a host of bloggers and journalists that are more “plugged in” to the daily happenings in the United States and around the world.  Nevertheless, I do, from time to time like to express what is on my mind and how I see things before or as they develop.  So, I blog on whenever moved to do so for those who care to indulge in my musings and viewpoint.)

In the Old Testament of the Bible (specifically 1 Samuel 8) there is the story of how Israel transitioned from the period of mostly righteous judges to a period of mostly godless kings.  The whole history of Israel, according to the Bible, is one of Israel’s almost incessant rebellions against God and turning to the idols of their neighbors; followed by God’s judgment upon the Israelites; followed often by the repentance of the Israelites and their begging God for His mercy and deliverance from their enemies.

After almost 400 years of being guided in the ways of God by 15 judges, the Israelites now residing in the Land of Canaan—their Promised Land—were not happy.  They wanted to be just like all their neighboring peoples (who were their idol-worshipping enemies) and be ruled by a king; a tyrant; a dictator.

When Samuel, the last to judge Israel and a prophet of God, was aged he appointed his two sons, Joel and Abijah, to judge Israel.  However, they turned out to be wicked and dishonest and perverted justice.  So the people petitioned Samuel to appoint a king to rule over them.  Samuel did not like the idea and did not want to comply, so he sought the voice of God.

God responded and told Samuel: “Heed the voice of the people in all that they say to you; for they have not rejected you, but they have rejected Me, that I should not reign over them” (1 Samuel 8:7; NKJV).  The Lord God went on to tell Samuel that despite all the blessings He had poured out upon Israel and all the times He had delivered them out of the hands of their enemies; out of all their difficulties, they still wanted a fallible human being to rule over them.

“Now, therefore,” God warned Samuel, “heed their voice.  However, you shall solemnly forewarn them, and show them the behavior of the king who will reign over them” (vs. 9).  God told Samuel to tell the people that they would not like to be under the authority of a king.  This king that they clamored for would make their sons and daughters subservient to all his wishes.  He would enslave them and take the best of their businesses and resources for his own purposes and desires.  “And you will cry out in that day,” warned Samuel, “because of your king whom you have chosen for yourselves, and the Lord will not hear you in that day” (vs. 18).

Nevertheless the people refused to obey the voice of Samuel; and they said, ‘No, but we will have a king over us, that we also may be like all the nations, and that our king may judge us and go out before us and fight our battles” (vss. 19-20).

Flash Forward

Now, let us flash forward about three millennia to the current state of affairs in the United States of America.  America, despite the incessant howls of various progressives, liberals, atheists and what-have-you, WAS founded upon the most unique and enduring biblical principles and ordnances of the Judeo-Christian world.  Although many would dispute that, the fact is that it IS indisputable and historically accurate.  The American constitution is like no other in the history of the world, dividing the rule of law among three branches of government:  Executive, Judicial and Legislative.  The Founding Fathers prescribed it that way so that pride and tyranny would not reside in any branch and particularly not in the Executive or presidential arm of government.

However, during the 2007-2008 U.S. presidential campaign there arose out of virtually nowhere Barack Hussein Obama who promised his enamored and tearfully bleary-eyed masses and mesmerized them with the slogan, “change we can believe in”.  He promised that they could have it all with just a little re-distribution of wealth from the haves to the have-nots.  And the faithful wailed, “Hallelujah!”  He promised them full government transparency during his reign.  And his ardent followers chanted, “Amen!”  He promised his adherents greater personal freedom and his vassals screamed, “Preach it, brother!”  He promised health care for all at a lower cost using their same insurance and doctors and the enraptured squealed, “Give me more!”  He promised to bring America’s troops home and create a safer homeland, and the dazzled pierced his ears as they screeched, “Amen, Amen, Amen!”

Now, despite the fact that little was known about this “savior” of mankind, the politically blind, uninformed, historically ignorant and those obsessed with seeing a semi-black man in high office lined up kinder-style in support of a man who would lead the free world.  What was known about this man who would “rule” over them?  Absolutely nothing, or at best very little.  Everything that was important to know about Mr. Obama was sealed from public eye and disclosure.   Where he was really born is still a mystery.  I know, some still cling to the myth that he posted his “real” birth certificate online.  Really?  It has clearly been determined by forensic investigators to be a crude fraud but the mainstream media refuse to report it.  All of his college and law school records have been sealed.  Why?  What is he hiding?  It appears that his enthralled minions could not see beyond his blackness and discover his unvetted weaknesses, lack of true experience in almost any realm that is required of a sitting president and his truly diabolical plans for the America he detests.

Fool Me Once

The long-standing axiom, “Fool me once, shame on you; fool me twice, shame on me,” sure applies to the Obama faithful who not only voted for him in 2008, but returned to vote for him in 2012 after he clearly proved his ineptness and fully disclosed his scheme to “fundamentally transform America” into his own image of her.

So, what did Obama’s faithful and the rest of the subjects of America’s first “ruler” get from the bargain basement of leader-dom?  In addition to an unknown entity of leadership, the majority of Americans (including some of his enlightened former followers) realize that in Barack Hussein Obama, the country has successfully not only voted in once, but twice, the country’s first narcissistic tyrant who avoids, subordinates and violates the U.S. Constitution every chance he gets.  Apparently Mr. Obama did not study or teach constitutional law in order to understand how to uphold it but rather how to subvert it.  He has so weakened the U.S. economy through over taxation, government regulations and penalties that thousands of businesses have been forced to close and millions of able-bodied Americans remain unemployed, under-employed or have just plain given up looking for meaningful work.  Along with his ever-increasing welfare agenda for the masses, he has made serfs out of most of his electorate and others who have fallen victim to his nefarious schemes of re-distribution and entitlement.  His administration is not only the least transparent in U.S. history, but he blatantly lies and deceives the American public on a daily basis.  His treasonous behavior and gutless foreign policy and military impotence have cost thousands of U.S. military men and women their lives or body parts.  While Obama pontificates that the world has never been safer, the truth is that the world has not been this much in jeopardy and American lives at risk since World War II.

His spendthrift administration and cohorts in Congress have doubled the national debt to insurmountable levels, thus enslaving the current and many future generations.  He permitted the uncontrolled “quantitative easing” or free printing of U.S. dollars that threatens the purchasing power of every American, thus reducing their standard of living and ability to financially survive.

In king-like fashion, Obama has routinely ignored the U.S. Constitution and rule of law when it suited his purposes and advanced his political and socialistic agenda.  He upholds laws that he favors and ignores or subjugates laws he disagrees with or makes his own laws.  He decries that the do-nothing Congress of Republicans and some Blue Dog Democrats are holding up his agendas.  Thank God!  On the other hand, they have no time to legislate because they are too busy investigating an ever-increasing list of incredible scandals that flood forth from his administration almost weekly.  In addition, the country has witnessed the workings of the most divisive, race-biased president in the history of the country.  While Obama is all too ready to prejudicially jump into the presumption of white on black offences, he cannot and will not be seen or heard from in the thousands of black on white crimes that have proliferated under his watch.

As his ever diminishing number of devotees proclaim, “God Save the King!” those more astute and patriotic shout, “God Have Mercy and Save Us!”

For more information, read “Why Obama is Dangerous”.

America’s Financial Armageddon Re-visited

November 21, 2012

After about seven months, it is time to re-visit the nation’s financial condition.  For comparison you can visit my post of April 19, 2012 here.

According to www.usdebtclock.org, as of today the U.S. national debt has risen 3.86% since April 19 to $16.278 trillion or 105.18% of GDP (Gross Domestic Product) of $15.476 trillion. To look at it more personally, you as a U.S. citizen now “own” $51,707 of that debt or if you are a dutiful taxpayer, your share is $141,859.  Let’s hope Uncle Sam does not decide to call in his “chips” to settle his accounts.  With the fiscally irresponsible (no budget in the previous four years in office) Obama re-elected we can expect yearly trillion-dollar budget deficits as federal spending skyrockets out of control, which will greatly exacerbate the national debt problem.

How does the United States debt to GDP ratio compare with other countries?  Let’s take a look.

  • China = 11.13%
  • Brazil = 21.17%
  • Russia = 58.53%
  • Canada = 93.99%
  • U.S. = 105.18%
  • Greece = 235.15%
  • Spain = 246.93%
  • France = 292.58%
  • Britain = 504.72%
  • Ireland = 1278.8%

While the U.S. is indeed in big financial trouble, I suppose one could console oneself that we have a long way to go before becoming a Greece or (yikes!) Ireland.  But with the U.S. debt at only 105% of GDP that would be like you spending/borrowing $105 for every $100 you earned.  That does not sound like much, but if uncontrolled and not reversed it eventually adds up to bankruptcy.  Since Obama’s first inauguration, the national debt has soared 54%.  The interest alone on the national debt is currently $270 billion and if nothing significantly changes to stop this rising mushroom, the annual interest will top one trillion dollars by 2020 (just 8 years away).

In addition to the debt increase at all levels since April 19, the food stamp rolls have increased by 1.8% or by an estimated 848,845 participants to 47.7 million or 15.1% or the total U.S. population.  This is a further indication that the U.S. economy is still in deep trouble.  Interestingly, when you divide the government reported “official” unemployed of 12,169,641 + or – by the number of people in the U.S. workforce (143,565,709), you get an unemployment rate of 8.5%; not the reported 8.1% of October.  “Actual unemployment” (not reported by the government) is 15.75%.  If you take the “official” and “actual” numbers of unemployed and divide them by the number of U.S. taxpayers, the number of unemployed rises to 10.6% and 19.7%, respectively.

Another interesting observation is that the amount of savings per U.S. family dropped a dramatic 23.5% in these seven months, from $6056 to $4626.  However, this reduction in savings apparently was not used to substantially pay off personal debt, since personal debt only declined by 0.07%.  U.S. families were likely using their meager savings to help stay afloat.

Obama’s proposed tax increases on the wealthiest 1-2% is a pure smoke-screen to pacify his mindless minions who do not have a clue on how economics or the economy works.  It has been said that if Obama were to confiscate ALL of the wealth of the top 1-2% it would only keep the government solvent for 6 days.  Keep in mind that all the discussion here and elsewhere usually does not factor in the estimated trillions of unfunded dollars that Obamacare will add to government spending; the annual deficit and the national debt.

The Other Election Results Are In: Layoffs

November 10, 2012

The presidential election results are not even a week old and already the impact of the results are sending tremors across the field of business.  In the last four days at least 28 companies in the country have notified over 13,000 employees that their jobs will be terminated for various reasons, but all associated with President Obama’s incredibly poor economic policies or lack of policy.  Thousands of more layoffs are anticipated, particularly after January 1 when more Obamacare regulations take effect, taxes rise, energy prices rise and federal contractors face the impact of “sequestration” (mandatory federal program cuts).

As another election ploy and fraudulent move the Obama Whitehouse sent a memorandum on September 28 to federal contractors facing sequestration to ignore and not comply with the WARN Act (The Worker Adjustment and Retraining Notification) Act.  This Act requires that all employers with 100 employees or more that anticipate layoffs of their workforce MUST give those to be laid off a 60 calendar day notice in advance of their layoff.  Federal, state and local government entities that provide a public service are exempt from such a notice.  Obama’s Department of Labor administers the WARN Act (but apparently not lawfully).

Not surprisingly, Obama did not want thousands of layoff notices going out just before the election.  Yet another abuse of power and the exercise of the dictator to come.

For those of you who get laid off and voted for Obama, who ya gonna call?  Bush?  This downturn will be completely President Obama’s.  No more Bush excuses.  Get used to it.  It’s the new economy under Obamanomics.

Lay-off Update.  Since the posting of this column just 24 hours ago, I have discovered that I was too modest in my assessment of post-election lay-offs.  More lay-offs are coming in at breakneck speed with thousands more losing their jobs with household name companies such as: Abbott Labs, St. Jude Medical, Medtronic, Boston Scientific, Energizer, Westinghouse, Boeing, U.S. Cellular, Bristol-Myers, Darden Restaurants (owners of Olive Garden, Red Lobster and LongHorn Steakhouse restaurants) and many more.

Four main reasons are being cited for the lay-offs: Obamacare expenses, oppressive government regulations, increased taxes and a slowing economy, all of which make it harder for companies to compete and make a profit.  Many companies, like Darden Restaurants, are looking at cutting employees back to part-time hours (28 hours/week in Darden’s case) to avoid having to pay for Obamacare or the hefty $3,000/employee fine for non-compliance.

Too bad there cannot be a re-call vote on a presidential election.  This is only 5 days after the election.  Can you imagine what it will be like a month from now?  Six months?  A year?  Four years from now?  God help us!

Lay-off Update 2.0.  Are we headed to 10+% unemployment?  The list keeps getting longer of companies laying off or firing workers or cutting full-time employees back to less than 30 hours/week.  Keep in mind, this does not include the hundreds (perhaps thousands) of small businesses that are cutting back or not hiring in 2013.

List update as of November 23:

  • Abbott Labs – 700 employees
  • AMD – 400
  • Ameridose – undisclosed hundreds
  • ATI – 172
  • Boeing – undisclosed
  • Boston Scientific – 1200-1400
  • Britol-Myers – 480
  • Career Education – 900; closing 23 campuses
  • Caterpillar (Owatonna, MN) – 100
  • Center for Hospice and Palliative Care (NY) – 40
  • Cigna (insurance) – 1300
  • Covidien – 595PH Medical Center – unknown
  • Darden Restaurants (Longhorn Steakhouse, Red Lobster & Olive Garden) – cutting staff to part-time of 28 hours.
  • 40 Denny’s Restaurants in Florida, Georgia and Virginia reducing staff and cutting many full-time employes to less than 30 hours due to Obamacare.
  • Energizer – 1500
  • Exide Technologies – 150
  • First Energy – 400
  • Groupon – 600
  • Hawker Beechcraft – 410
  • Hil Rom – 200
  • Hostess Bakery, firing 18,500 workers and going out-of-business due to a prolonged union fight.
  • Husqvarna – 600
  • JANCOA Janitorial Services, cutting back many full-time employees to part-time.
  • Kinetic Concepts – 427
  • Kroger, cutting back FT employees to PT.
  • Las Vegas business (undisclosed) with 114 employees – 22
  • Lightyear Network Solutions – 17
  • Major Wind Co. – 3000
  • Medtronic – 500
  • Minnesota dairy plant – 130
  • Momentive, Inc. – 150
  • Murray Energy – 150
  • New Energy – 40
  • OCE North America – 135
  • Ohio air base – 115
  • Ohio’s largest insurance company – 50 underwriters
  • Pepsi – 4000
  • Providence Journal – 23
  • Research in Motion – 200
  • Rocketdyne – 100
  • Smith & Nephew – 770
  • St. Jude Medical – 300
  • Stanford (brake plant) – 75
  • Stryker (medical supply) cutting 1170 jobs due to Obamacare.
  • TE Connectivity – 620
  • Teco Coal – 90
  • Turbocare – 220
  • United Blood Services Gulf South – 10% of staff
  • Vestas Wind Systems – 3000
  • Welch Allyn (medical equipment mfger.) – 275
  • West Ridge Mine – 102
  • Westinghouse Aniston Weapons Incinerator – 50
  • Wilkes-Barre (PA government) – undisclosed

Please Note:  The lay-offs/firings above represent over 47,000 jobs lost.  This list does not include the thousands of workers that lost their jobs from Obama’s failed “green energy” start-ups that squandered billions of taxpayer dollars before going broke; nor does it include the thousands of full-time positions that will be cut back to under 30 hours/week.

 

Are You Prepared?

March 5, 2011

Recently, the Bureau of Labor Statistics (BLS) released its February, 2011 unemployment estimate of 8.9%, down slightly from January’s 9.0%.  It was, of course, trumpeted by the Obama administration and in-the-fold economists as positive proof the economy is on the mend.  But is it?  Are we being told the truth?  It appears we are not, on a number of issues. (more…)

The Unsustainable U.S. Economy

January 8, 2009

Spend, spend, spend.  Borrow, borrow, borrow.  Waste, waste, waste.  No person or entity – company, agency or government – can do one or two of these, much less all three year after year, decade after decade and expect to come out on top in the financial game.

By all measures it looks like the financial malfeasance of the U.S. Capitol Hill gang has come home to roost and is pushing out all the little chicks.  There is much finger pointing to go around and one could lay the blame at any number of doorsteps.  But let’s look at a few common sense ones that any 5th grader could deduce the obvious answer. (more…)