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Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, October 6, 2011

Anti Wall Street Protests What Is the Real Message

There is so much anger in general across the country today, and by virtually every segment of the population against Washington in general, and the President and Congress in particular.  One has to wonder that anyone would deliberately fan the flames of what could easily become the next revolution. The only certainty is that as the economic situation becomes worse, the protests will escalate and make it harder for our fearful politicians to make any reductions in any entitlement program that affect any group.    

The paralysis and platitudes of both party’s will remain ineffective, and all the while the economy crumbles under the massive weight of its own inertia, buried in entitlements that we simply cannot afford  and burdened by taxes and regulation preventing the very economic recovery, without which all of our darkest fears may very well come true.

 The protests in New York which seem more like an excuse to party than to change the world, sound childish and filled with vague threats. There ranks filled with ultra liberal factions, unions and others, of the same socialist bent who all seem to take there talking points straight from the pages of the Coming Insurrection.  The “spontaneous” support from the unions and big money liberal organizations and the bizarre coverage by the MSM do not give us a coherent picture of the protests themselves while every politician seems bent on twisting the event to there own purposes.

Protesters say they were inspired by the “Arab Spring” seemly ignoring the implications of the string of violent protests, muslim uprisings and violent revolution they so admire.  The apparent disconnect between the message of this protest  and its effect make the whole thing seem more a political stunt inspired by behind the scenes liberal movers and shakers than any sort of true uprising by the mostly spoiled liberal whiners currently seen on television.
The protest has at least initially been instigated purely for political purposes over the last few months. It also seems clear that the instigators either don’t understand the risks of such an undertaking and the volatile unpredictable nature of such a mob or they don’t care about the continued decline of the United States or maybe that’s really the point.

No New Taxes during a recession says Obama , BUT


Read my lips no new taxes, famous words that turned out, not to be true for Bush senior and even more not true now.  The candidates don’t seem to get it, the president doesn’t get it and most certainly the house and senate don’t seem to understand people have reached the breaking point where those who work in this country are being penalized for the very fact that they are working. The air in Washington if filled with the smell of fear the elections are coming and politicians of all stripes and party are scrambling to say anything do anything to ensure their survival in the coming election
President Obama drags out the same tired rhetoric he has used for the previous three years and that he uses each time he wants to pass the next stimulus the next package the next bill.
The percentage of Americans who believe the rhetoric grows less and less with his approval rating lower than forty six percent in traditionally democratic states and even lower in swing and republican states the future of his presidency is gravely in doubt.

But it’s not just the Presidents tax and spend approach that’s the problem it’s the same old tax and spend philosophy of the party’s despite the promises and the rhetoric. Taxes keep going up but primarily to the working and middle class while the entitlements never end for the unemployed and the welfare recipients. At this point with rising food costs, inflation, and increasing medical costs due to Obama care.

No one doubts that there a re a few people that need help but one side of the equation believes that help means, doing it all and requiring zero effort of the recipient and providing such  a high standard of living for doing nothing, is an affront to every hard working American.

The government is supposed to support a level playing field not control the outcome. The simple fact is that not every one is willing to do what it takes to enjoy any level of success. The immature and irresponsible refuse to do anything that requires effort or work..

Not everyone is or will be successful, the government cannot fairly administer aid the best the very best the government can do is stay the hell out of the way.

President Obama ,Americans Are Worse Off

President Obama agrees that Americans are indeed worse off than they were four years ago but no surprise there is a but .
 The Presidents failure to take any responsibility for his administration its actions or its consequences only serve to highlight his failure as a leader both domestically and abroad. It’s clear that our president has little if any leadership ability or any understanding of what it means to be a leader its not all fun and games and ovations and parades
 In his interview during an exchange between Obama and George Stephanopoulos of ABC News. President  Obama said “Well, I don't think they're better off than they were four years ago.”
He then went on with a litany of excuses as to why none of this is his fault and again how the whole thing happened before he was elected. I don’t know about you but (pun intended) I for one am tired of the leader of the free world being a petulant whiner.
 We have all heard it before and frankly do not care about his excuses as to why none of his policies have had any of the effects that he and his administration promised. Speaking of promises, what did not happen, to all the ones he made on the campaign trail, but were not talking about that are we, nor is anyone in the MSM.

I don’t think that Mr. Obama understands that really we all want him to succeed here. The Presidents failure at this point has had the most disastrous affect seen in this country in three generations and it is not a game, a score or a touchdown were talking about here, but what may possibly be the future and possibly the very survival of this country.
 The president has gotten his way on just about every issue he has brought to the table the massive second leg of the tarp the Obama care bill, and he has single handedly led the biggest increase in the federal government in history.
 Mr. Obama comes across as arrogant, and offended, that most Americans disapprove of his performance and his administration. Mr. Obama was given unprecedented leeway upon his election as the first black president of the United States, and the very platform he ran on was hope and change unfortunately he has only delivered on the change and that for the worse and we seem to but all but out of hope at this point.

Mr. Obama has stated that he does not believe in American exceptionalism and I would have to say that I completely agree in his case. The elitist attitude that he and his administration have displayed are the worst aspects of the liberal class with none of the ability. One can say that he is at least fair in his disdain, not only with the common man and his political opponents, but with the very people who voted him into office. His recent remarks to the Congressional Black Caucus set off a storm of criticism from the black community, the very people from which he received the majority of his support during his campaign.

 Its clear that in the presidents opinion that despite the three years of his leadership his political appointments his initiatives his ridiculous spending to prop up insolvent company’s, corrupt banks, and failing industry and despite the virtual takeover of the economy by his appointees that none of this is his fault..

I would say to the president what was told to me when I was a young buck Sergeant in the army during what is euphemistically called a learning opportunity. “You can delegate authority bit you cannot delegate responsibility” Simply put Mr. President as Harry Truman said the buck stops here, with you.

Saturday, October 1, 2011

American Apathy on the road to serfdom

It is the nature of government to seek to expand itself, it is like the nature of all things to grow and become more. It’s like the tree in your yard that you plant for shade that over time almost unnoticed takes over the whole yard. A little judicial pruning could have over the years kept it in check. For whatever reason you failed to do the pruning. Maybe you were too busy or had other commitments maybe you were just too lazy or didn’t understand that things have to be maintained. For whatever reason you now have a mighty task ahead. What would have once been simple and painless is now a major undertaking requiring a crew of people and the power company.  Because the out of control tree has limbs not only in your yard but the neighbors as well.  You neighbor likes the shade and refuses to let you into there yard to trim the mighty limbs and if you simply cut them you will crush there fence. 

 Such has become our government, extending its reach into every faucet of our lives and step by step over the last seventy years or so it has become a parasite living off the life blood of the American people. Who is to blame? In the end it is “We the people” who are ultimately responsible. Its is we who have been asleep at the switch and have let the government take more and more control over our lives.

 Where did the idea that the government knows best come from? Well from the government of course. There are now several generations of people that have swallowed the fiction that the government knows what its doing and that its looking out for you.

 Many of people have given the government total control. Now they don’t see it that way, but there its is. If you rely completely on the government for your food shelter and support that is control. Even worse people now see these things as their right, and they deserve to subsist on the backs of others at no cost to themselves and they are ok with that .

Who pays for this? Well, all of us who work and pay taxes, but the simple fact is that combined none of us make enough money to pay for all this. And that’s why we have the highest debt ever in the history of the western world right now. These things, welfare social security food stamps WIC and all the endless federally subsidized housing school loans and agriculture subsidies. All the fingers in the all the pies have driven us to this point.

In the end it has to end by our own volition if we are wise or simply over time by its own devastating weight. You cry foul, the government told me they would take care of me and that I had the right to Social security, Student loans, Welfare and unemployment. I mean come one “really”. Step back for just one second and look at this objectively.

How does a program that pays you NOT to work benefit anyone? It doesn’t   unfortunately there is a whole class of people that are content to sit on there butt and do nothing till the end of time, or the end of the pay check depending. Why does the government do this? Not because they care I assure you. They do it to keep you docile and inline and they know they can count on you to support them again and again for ludicrous programs that do little but deplete already scarce or non existent resources. They do this to maintain political power and personnel wealth. Its time for America to put down the crack pipe and take responsibility for themselves. I know crazy idea  but
 if we do not stand on our own feet and take responsibility for our own lives successes and failures we are doomed to a path of ultimate repression and desperate poverty. The constitution is not a guarantee of success but a guarantee of freedom

 We are free to reach our own level of success based on our skills ability desires and luck. You are not owed, or guaranteed a dam thing. Your life sucks because you have made it so, and because you did not overcome whatever it was, your race, religion or personnel circumstance. Not every one will succeed, and many will fail and that is as it should be. In life as in all things, there are winners and losers achievers and slacker’s victors and casualties.

 I fear we are now so far past the point of recovery in the economy, and of our ethics and standards in our lives that the end will be very bad. While I don’t know what combination of factors will serve to escalate the already dire circumstances of the economy and the very peace of the world. I do know that the groundwork has already been laid for the inevitable cataclysm that awaits us, the inevitable defaults of the world economy the break up of the EU the rise of militant Islam, and the Machiavellian machination of the Chinese and the Russians.

 These are dangerous times and the desperate actions of desperate governments and peoples around the world are most likely to result in a global cataclysm unlike any since the fall of the Roman Empire or the invasion of the Mongols.

Friday, September 30, 2011

Entering A "NEW" Recession

CNN Money just posted a new story about the economy, brace yourselves.


Forecast says double-dip recession is imminent

Way to step out on a limb there CNN, this is not new. This is a situation that has been obvious to the average American since 2008. In truth we have never actually gotten out of the first recession. The whole fiction that there has been any positive growth in the economy or in job creation is the direct result of careful, manipulated financial data from the FED the BLS and the Department of Labor. Virtually every bit of information released by the white house and reported in the major media is so divorced from the true situation as to be total fantasy.

Wages are down, unemployment is up and there have been so many small businesses close their doors and so many homes foreclosed on , just in my local area that I don’t understand how people can continue to deceive themselves about the true gravity of our situation. It’s even worse that president Obama is trying to con everyone into another job’s bill that is pointless and will never create jobs or improve the economy and increases a debt that is already so astronomically high that we cannot possibly pay it off. The bill is simply another attempt at the appearance of action for political purposes. All we seem to be able to do now is appear to take constructive action we lack the will and integrity to take actual constructive action.

Where are the leaders that will look the issue in the eye, and make the hard choices do the right things not just the popular ones? We passed the precipice on this road to disaster some time ago and there is now, no way to prevent a financial and economic disaster unlike any the world has ever seen. The effects of this will shake the very foundations of societies around the world and what emerges from it will be very different from what we know now.

The level of misinformation and ignorance by most people is staggering. The apathy by many Americans on the consequences of our spendthrift liberal social policy’s is bewildering considering that they will be the ones to howl the loudest when they end and when in reality they contribute the least and consume the most .

Our government is today happily going down the bad road that has already been tried by Hitler, Stalin, Lenin and Mao. Yes I know how that sounds but the policy’s that we currently have and many we are either enacting now such as Obama care, the patriot act, the TARP and others are taken directly from Communist Socialist Totalitarian dictatorships. Where is the basic distrust of big government that has always been a defining trait of Americans?

Thursday, September 29, 2011

Senseless Policies

Today we see the continuation of senseless policies and actions that subvert the freedom, Independence and the lives of the American people. Obama’s third tarp is an exact duplication of stimulus that has been attempted previously by both him and the Bush administration. The only thing that’s changed is it is less than the previous ones. The TARP has served only to grossly increase an already unsustainable public debt by rewarding the very government’s, company’s and financial institutions that played so great a part in the collapse. This idea that we reward the very systems that exercabated this issue is ludicrous and defies even the laxest standard of  logic or common sense. The unregulated spending to prop up banks insurance company’s investment companies and failing industry are really just symptoms of a the greater illness which is the idea that separating actions from consequences is ever a good idea.


The simple fact of the matter is that the market has crashed the banks have failed and industry in this country is for all intents and purposes dead. The current price of the stock market has no real basis in reality and continues to be the greatest Ponzi scheme of all time. The infusion of borrowed money has served only to benefit the bad actors that purposely caused the very situation that they were saved from. The end result, those who were selected to be saved have more than recouped their losses from the very crash they precipitated. The average American and the average investor have paid the price. Now for our children, grandchildren and great grandchildren they will be faced with an insurmountable level of debt that there is zero possibility that it can ever be paid off.

Politicians today are the very example of selfish, corrupt, power-hungry incompetents that we were warned to avoid by the founding fathers. Over fifty percent of Americans have abdicated all responsibility for their own lives and given the local state and federal government complete control and power over their lives.

Political correctness is used as a club to suppress dissent from any who do not subscribe to the theories of social justice. This by racists using the very benefits of freedom of speech action and press they protest when used by their opponents are used to undermine the very fabric of American society.

Theories of inclusiveness and multiculturalism do in fact foster, prejudice, racism and hatred, emphasizing differences in color custom and culture, and is by its very nature divisive and directly opposed to the declaration that all men are created equal.

America’s strength has always been we are ONE people despite our differences. Celebrate diversity is directly opposed to a united anything Celebrate America is what we should be doing. We are all simply Americans; we do not need more hyphenated Americans. We welcome all who come here or live here with an honest intent and are willing to leave the past behind them with the understanding that we choose to be Americans first, before, race, color, tribe or heritage.

Equality and freedom are about treating everyone the same, not about special treatment for a few for whatever reason. All men have the freedom to achieve what they can, each based on their own limitations, ability, desire and circumstance. Freedom is not a guarantee of success, but the opportunity to live your life without interference.

Tuesday, March 22, 2011

12 Days to Collapse Of the Auto Induetry Failure in the Global Economy

The Japanese earthquake and Tsunami on Friday March 11 2011 2:46 Pm local time devastated the eastern coastal areas of a 250 mile swath of the country, as well as having a major impact on the rest of the country. This caused power outages, travel stoppages and massive disruption of normal business in addition to the thousands of dead and injured all over the country.
But this is not about the loss of life and the devastating effect to the people of Japan, though they have our prayers. This is about the lay off and shut down of effected industry’s in the US and around the world A mere 12 days since the events and many companies are without parts to run their assembly lines, All the car makers in America and Europe, Sony, Hitachi, even the highly anticipated Apple I pad 2 has been effected and is in short supply.
Think about this, while a significant event, this really only impacted one country, and yet due to the nature of just in time inventory, if it’s not just in time you’re in trouble.
A single point failure is defined as: Element or part of a system for which no backup (redundancy) exists and the failure of which will disable the entire system.
The global  economy has not served to lessen our risks of failure, in reality each part is so very dependent on the other , “we don’t even know” how all the interdependencies affect  one another, and  we can’t even calculate the possible damage or the effect of one country’s infrastructure or economy being removed , even for such a short time.

Thursday, December 9, 2010

Sen Bernie Sanders Tells it like it is

Sen. Sanders speech tells it like it is. That our government is bought and paid for and that we the very people that are supposed to be represented are last in line. This is one of my favorite speeches and I haven’t see this on the mainstream news.
Sanders lets them have it

No Compromise On Obama Compromise

No we will not continue to funnel money, to the rich. they had the bail out, they had there tax cuts . now shut the hell up.


The idiotic lie that trickledown economics benefits us all is old and tired. The top 2 percent of the income bracket have 23% of total income. How much more money do we need to give these people to get them to start the Magic businesses that will save us all . Bull crap. Obama can keep his compromise bill and the rich can stick it. Ok Republicans, go ahead don’t give the middle class the tax cut, oh and don’t renew unemployment, ( even though both these things would benefit the economy, because they need this money to pay bills, buy milk they cant save it ) when the people who cant find a job because there aren’t any come for you, because guess what there’s no hope either, lets see what you tell them when they beat you to death with our own tired rhetoric and excuses. lets not forget your more of the same jackasses that sent all the jobs overseas in the first place .

Monday, December 6, 2010

War Against the Middle Class

Bernie Sanders impassioned speech on the floor of the house, speaks the truth to a deaf audience both in congress and in the media, I have seen no coverage of this in the national media. Reguardless of your politics watch this, his facts are correct . To bad neither party will change anything  and the vast majority are dazzled by the distractions thrown up by the Dems and the Rep both.

 Video

Monday, November 1, 2010

What Free Market

Here is an excerpt from a really great article from http://www.frumforum.com/the-middle-class-hits-a-dead-end

It highlights I think all of our concerns about the economy and the truly unfair TARP and the policy's that got us here, check it out.

Excerpt:
One of the great undercurrents of contemporary politics is the growing sense of economic frustration or even despair among a broad swath of the American public.


But then, when a hedge fund or banking group risks faltering, the mantra from the same talking heads that ridiculed the economic difficulties of other workers suddenly changes. No longer can the free market have winners and (sometimes massive) losers. Now, it’s a CRISIS. Not giving bailed-out money
The point here is not to dispute the value or even the necessity of the various bail-outs that took place in 2008: the point is that many Americans, who lack PhDs in economics and may not have a great interest in the details of high finance, notice a surprising difference in elite attitude when the financial fortunes of multi-millionaires and billionaires are at stake than when the middle class suffers

Saturday, April 3, 2010

Jobs Report From BLS At Odds With Reality

The new BLS employment numbers are out and it looks like the numbers are a wash we have certainly not really gained 162’000 jobs in this country. The report is not accurate due to the underreported and needlessly complicated process the BLS uses, and what jobs we have gained are still being offset by the loss of quality jobs all across the country.

Facts you will not see in the BLS report are that unemployment among teen agers is 75% nationally. This means that all school aged kids out looking for work over the summer will be unable to find jobs and there is the fact that we need to create 100,000 jobs a month just to break even because of people entering the work force every month.

We continue to lose quality jobs that are only replaced with seasonal part time and Crap jobs in Retail and fast food. Americans are becoming more desperate and fed up with the Spin on the data coming out of the government across the board, and in particular with the White House, the FED, and every government agency that is selling a recovery that is total fiction.

The crazy’s are starting to come out of the woodwork fueled by the irresponsible rhetoric that comes from the cable news channels and even the floor of the house and senate.

To many in office and in the media these antics are just another round of gamesmanship by the press and politicians that care nothing for the damage they are doing but only for profits, ratings and political notoriety.

Damage is being done that will take, if we are lucky decades to repair most likely our grand children and great grand children will be dealing with the ripple effects of our economy and the political decisions that are being made for a hundred years.

The BLS (Bureau of Labor Statistics) reports a net gain of 162,000 new payroll jobs in March 48,000 at least (probably more) are temporary census jobs so that’s 114,000 real jobs right, well maybe not the current ADP payroll report indicates that payrolls actually dropped by 23,0000 in March . Bear with me here so we have the BLS reports a net gain of 162,000 jobs ADP repots a loss of 23,000 ADP does not count government payroll jobs. So the census jobs would not be included in this total so that’s a difference of 25,0000 jobs . Also the numbers on the BLS report do not add up (as usual) in addition they do admit the long term unemployed went up to 44.1 percent a new record. it looks like the numbers are a wash as we continue to lose quality jobs and they are replaced with seasonal part time and Crap jobs in Retail and fast food if at all. The BLS did state long-term unemployed made up 44.1 percent of all unemployed persons, a record high. What this means is that Americans have been unemployed longer and there is no real end in sight. See my blog post for the Feburary BLS Report

Here are links to the latest BLS report and related stories you may find of intrest.

The BLS Report just released today
States, employment rose by 162,000 in March, unemployment rate was 9.7 percent for the third month in a row. The March employment increase also included 48,000 workers hired by the federal government for Census 2010.

LA Times Reports

March yields first solid growth in jobs since recession

ADP National Employment Report Shows U.S. Employment Decreased by 23,000 Private Sector Jobs in March
(The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.)

CBS Money Watch Reports
Memo to Congress: Stop Touting Small Business Job Growth

Fox Business Reports
Though most forecasters did not revise their outlook in light of the surprising ADP report showing a loss of 23,000 private sector jobs in March, the real ADP disappointments were that February jobs losses went from 20,000 to 24,000 and service sector jobs gains in January turned negative. The underlying messages in the ADP data were a) private sector hiring is continuing to lag other indicators and b) weather played little role in February’s report of 36,000 job losses, except to the extent that a smaller percentage of businesses contacted responded to the February jobs survey than the January survey. (Since participation in the survey is voluntary, firms which chose not to respond may have instead chosen to use the time to clear up work which had been put aside due to February storms.)

Several analysts did some strained verbal gymnastics to explain why they were not taking the ADP report into consideration and revising upbeat forecasts for the Friday jobs report, though in advance of the ADP numbers some of the same analysts noted how the ADP and BLS numbers (for private sector payrolls) have converged in recent months.

Thursday, March 11, 2010

Inflation Food and Energy

I was looking for information on what the actual rate inflation , not what we hear on the news. You only have to go to the store buy a gallon of gas a loaf of bread and a gallon of milk to be able to tell that there is something fundamentally wrong with the numbers coming out of Washington these days.  I think the explanation is very well thought out and I recommend reading the whole article.
 

The folling is an excerpt of an article by By Jerome R. Corsi at World Net Daily


What's America's real inflation rate?


Why is it that the federal government says the U.S. has virtually no inflation – less that 2 percent – but everything keeps getting more expensive, especially food and gasoline?

When removing expensive items from the CPI market basket of goods and services was not enough to depress inflation numbers, the Bureau of Labor Statistics innovated even more, changing the "weighted factors" used in calculating CPI statistics, so the results end up under-reporting the true inflation people experience in everyday living.

So, when you wonder why food and gasoline cost so much when the government says inflation is low, just remember: You are being lied to – something we suspect you figured out long ago, just by going to the supermarket.