OK, we are near the edge of abyss again. Would we fall off the edge finally or somebody burn gazillions of dollars to buy another few months?
So, 20 percent of American households’ income, comes from the Government. Is that including Social Security recipients? I assume so. My question is this:
How many of that 20 percent, whose incomes come from the government, will vote for Obama?
I’m hearing more people in the Liberal media refer to it as the Great Recession. That’s not good enough for me (I call it the Second Great Depression) but I see it as a real acknowledgement that this is indeed “the worst economy since Hoover” under Obama’s leadership. It really puts the lie to John Kerry’s assertion that George W. Bush gave us the worst economy since Hoover — you know: unemployment 4.6%, DJIA 14,000, annual federal deficit $160B, etc. Those were dark days indeed [/s]
20%?
You know what that means?
Big die off...
Obama ushered in this devastated economy. He did, and continues to do everything possible to foster it. It’s his baby and anyone with their eyes open knows it. The mainstream media and entertainment industry are pushing a Potemkin reality that fools only the thickest dullards and those without bills to pay. The dam’s getting ready to burst.
DITTOS!
And this Great Depression II is being propagated just like the original. What was merely a recession has been repeatedly “fixed” by measures that only freeze in place and prolong the agony. When the Democrats achieved control of both House and Senate in 2007, they passed a number of banking “reforms” which did nothing to control the excesses, but rather made the cost of doing business much higher for small and medium sized commercial activities, and artificially distorted the costs of personal credit. The upshot included increased fees for electronic banking, suppression of savings interest returns, and requirements for minimum balances that were unconscionably high. The original objective was to reduce “profits” for banking concerns, but banks are by their very nature, in existence ONLY for the purpose of making a maximum return on investments, a simple fact that the populist Democrat majority of our time cannot seem to grasp.
This was compounded by the capture of the executive branch in 2009, and the Democrats ran roughshod over the entire spectrum of US commerce, in a vain attempt to change the business structure so dramatically, it would not be recognizable. Profits were to be forbidden, the “wealthy” were to pay their “fair share”, and the downtrodden were to be lifted, finally, from their grinding poverty in the name of “equality”.
But surprise, surprise, capital fled the country, the wealthy took tax avoidance strategies, and rather than lift the downtrodden, many more were pushed into that morass, vastly redistributing misery to levels that had not been suffered before.
Without profits, industries do not expand, and consequently, do not hire, and in fact, may lay off a large part of their existing work force. Eventually, even with these measures, many simply close their doors, because they cannot return to enough productivity to justify continued existence. Several industries were propped up, with infusions of huge amounts of funds, not through banks, but through the national treasury. Predictably, these enterprises, “too big to fail”, did little to prudently manage the resources available to them, and have, one by one and sometimes in droves, gone into receivership and even greater mismanagement. Too big or not, they eventually fail anyway.
Then, as the signature accomplishment of the current regime, a wholly unworkable medical services delivery scheme is foisted on the American people, with many repeated promises that shall be impossible to keep, and with built-in costs that could only be paid by cannibalizing the existing system, while piling on mandates, fines and penalties on the very organizations that have had to bear the costs and manage the distribution of these services. This is an open-ended invitation to abuse, mismanagement and outright fraud, with the promise that costs will not be contained except on the basis of rationing, leading to the popular belief that faceless “death panels” will be sitting in judgment, determining QARY = Quality Adjusted Remaining Years. This is a part of the formula which will be used to mandate to doctors when and on whom certain procedures will authorized, and if Grandma’s heart has a leaky valve, she will be offered only palliative care and end-of-life counseling. It would also apply to severely compromised medical conditions, which could be alleviated or cured at great cost, but only to leave the individual unable to make a gainful future contribution to society.
Time to take back our heritage and restore the ideal of what was once America, and to halt this progression into a life of perpetual burden and inordinate punishment.
1/5 of people’s income is comfiscated from other people.
And to think:
The Food Stamp Program, administered by the U.S. Department of Agriculture, is actually proud of the fact it is distributing the greatest amount of free meals and food stamps ever.
Meanwhile, the National Park Service, administered by the U.S. Department of the Interior, asks us to “Please Do Not Feed the Animals.”
The stated reason for the policy is because the animals soon grow dependent on handouts, forget how to fend for themselves, and starve to death if nobody is there to feed them.
This ends today’s lesson.
Always enjoy Rosenberg’s commentary.
Used to get it every day for free but now he’s charging a grand a year which was a bit pricey for me.