Archive for the ‘ recession ’ Category

The Rising Tide

The rising tide of dispossessed and impoverished Americans seems set to flood the U.S. During one of our countries worst periods in recent history things seem to go from bad to worse at every turn, and yet politicians play out the same lies and thuggery at will. Corporatism and greed have destroyed the back bone of manufacturing within the U.S. and eviscerated the middle class from our society sending jobs overseas.

Increasing numbers of homeless – [LINK]

China reducing investments in U.S. Treasury – [LINK]

One year later the numbers speak – [LINK]

Social Security in the RED!!

We’ve been saying it for years, watch out how you mess around with the funds in our social security system. Well here we go, by the end of this year it is predicted the system will be in a big deficit. Just great all we needed was one more thing to bail out and go deeper in debt for.

[LINK]

Dematard answer to massive debt… SPEND SOME MORE!

If you like supporting Big Brother and enjoy the way they stick their nose in your day to day life as well as enjoy giving all your money to Uncle Obama then by all means please support the Dematards. What’s another trillion dollars for more unnecessary bureaucracy?

Hell we’re already in massive debt now as a nation it doesn’t matter… does it? More debt means more taxes and we know you don’t mind that do we?

Read here about the Democrats adding another $1.1 dollars to the national debt.

Being out of work is harder than it has been in the past.

The AP reports that compared to the last time jobless rates were over 10%, things are much tougher now and being unemployed hurts a lot more. There aren’t as many jobs available that pay as well, the numbers of jobs with decent benefits is much lower, people are carrying more debt, and those out of work are more likely to have to burn through their savings and retirement plans to make ends meet.

Read all about it here: http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_jobless_then_and_now

Jobless rate highest since 1983 sitting at 10.2%

This is nuts! Things get any ‘better’ and we’ll all be homeless.

http://finance.yahoo.com/

One thing to keep in mind …the jobless rate is really higher than what they post because of how they measure it. They are not counting people who are out of work that do not qualify for unemployment benefits, those that have already run out benefits, or those who have given up trying out of frustration. My guess is the real unemployment is closer to something like 16-18%.

Any way you cut it, things are not good and are not going to be better anytime soon.

Hang in hang in there baby!

….and the madness contiues!

Once again everyone in DC appears to be asleep at the wheel. We have untapped offshore oil, and instead of creating jobs to go get the oil we need sitting in our own land, the dimwits are actually considering letting China go take it. Are you stupid!?!

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Chinas-state-owned-energy-firm-buys-US-off-shore-leases–69275242.html

Cash for Clunkers is a resounding success!

Or is it???

The Cash for Clunkers program costs taxpayers $24000.00 per car taken in.

http://money.cnn.com/2009/10/28/autos/clunkers_analysis/

The White House criticized Edmunds.com for exposing the cost to taxpayers and the Edmund’s report also exposed that the implementation of the Cash for Clunkers program caused a reduction in over all car sales.

Way to go ! The program increased taxpayers debt and helped to slow down what little economic recovery we have going on in one fell swoop – nice job!

http://www.edmunds.com/help/about/press/159486/article.html