Posted on 12/27/2010 4:30:18 AM PST by Suvroc10
Tom Coburn predicts 18% unemployment rate, total destruction of middle class. On an appearance on Fox News Sunday, one of the Senate’s strongest voices against wasteful spending and earmarks, Senator Tom Coburn, again warned against massive and continuous government spending under the Obama Administration. Prompted by host Chris Wallace, who said that Coburn scares him quite often, to give specific predictions about where the US would be if government spending isn’t meaningfully curtailed, Coburn let loose with the specifics. According to Coburn, if the US doesn’t get serious about cutting spending, the US will see an 18% unemployment rate (not including those who’ve stopped looking for work), a decline of GDP by 9%, and the destruction of the US middle class. He also said that the poorest of the poor would be hurt the most.
(Excerpt) Read more at examiner.com ...
The problem I have with Wallace isn't the tough questions he asks, but rather the answers he accepts at face value. He tends to not press when he gets obvious BS answers, just like dear old dad.....
Hmmm...I haven’t seen that. In fact, I’ve seen him tell guests a few times (point blank) that they haven’t answered the question. Almost all liberal anchors won’t do that—unless the guest is conservative.
That being said, I think ALL these news anchors are on a short leash. They can needle a guest who their think isn’t being candid, but can’t cross the line to badgering them—or people won’t come on the show. Badgering would be coming back a third time to the same questions vs. moving on. Bill O’Reilly will badger his guests, which is why he has trouble getting the interviews he wants. Seems like 70% of the time, he can’t get people on his show, so he gets stand ins to argue their case.
It's not wasteful spending that's killing us. It's onerous regulation of the greenies that's strangling us.
Wallace is a better interviewer than say, Steffe Stephanopolis, but I have found myself screaming at the TV on numerous occasions when Wallace lets someone, usually a DemocRat, slide on their answers to specific questions. I suppose he figures if he's too tough on them they won't come back. 'Course, if they're giving BS answers it isn't worth the transponder time for them to be on the show in the first place......
If we are not already at 18% at this point in time.
The destruction of the middle class was what the Country voted for in 2008.
It is to be replaced by the slave class.
In the back of my mind are we heading back where jobs will be so scarce that our employers will go for a power grab where we are controlled so much even outside of work. Already done with drug testing.
There is an older gentleman I worked with over 12 years ago who told me about his grandparents who during the depression years scrounged enough money to go to a very nice place to eat. They were at the place and placed their order in and the grandfather’s boss came up and told him to leave or lose his job. The boss remarked that the grandfather wasn’t good enough to be there and he was beneath the type of people expected there.
Also back in the 1950’s my dad worked at a place where the draftsman and his wife both worked and they saved some money and bought a Cadillac. He drove it to work and he got called and got chewed out and was told to sell the car or else. The boss told him that only executives can drive those type of cars !
In my career, I dealt with a couple of controlling bosses. One which required permission to do every little task and then he got mad when something wasn’t done ! When I took vacation, I was required to get approval not only to take the time off but approval to leave town and had to leave contact info of where I am at and where I can be contacted. I was not in a critical position either !
That’s an excellent idea.
LLS
Exactly right. The 2008 election was the go signal for the full assault on We the People. For eight years, the Dems had been busy projecting with their "Bush stole the election" mantra, so that future legitimate demands to investigate real fraud and intimidation would be portrayed as desperate cries from disgruntled bitter clingers.
And so enters Obama, the king-makers' anointed prince of darkness. The obamanation of desolation is precisely that, the utter profanation and desecration of America's hallowed institutions and traditions, beginning with the defilement of the most sacred and fundamental document, the Law of the Land. In Biblical history, the Law is the Torah and it was kept in the Temple. The Ark of the Covenant contained the tablets of the Law.
"The Constitution of the United States of America is the supreme law of the United States. The Constitution is the framework for the organization of the United States government and for the relationship of the federal government with the states, citizens, and all people within the United States."
http://en.wikipedia.org/wiki/United_States_Constitution
The usurper in chief is out to destroy the supreme Law of the land and the law's adherents, because all bear witness against his evil acts. Dark days are ahead.
I can’t do cable, it is Rush and Free Republic with a little Glenn Beck for amuzemant.
At a recent agriculture roundtable, commentators were predicting 8-9 dollar corn and 16-18 dollar beans.
Some energy consultants say we’ll have $100/bl oil by March and $150/bl by Memorial Day.
It would be deja vu all over again. This is perfectly predictable since the major problem that caused the 2008 fiasco has not been addressed. (2008 = $147/bl oil and $7/bu corn meant ‘Katie bar the door!’)
the ‘progressives’ WANT people dependent on government. That is their voter base.
Then how did you determine that Wallace is a "flying liberal"?
I think Shep is happy about DADT. He wants to cover the military so he can go trolling.
I was starting to get a little optimistic after seeing the retail sales figures. Now this.
What they voted for in 2008 was a “BETTER” middle class thinking they would move up the ladder. Gonna’ get free mortgage and free gas and money from Obama’s stash. YES WE CAN! These “peoples’” status probably would improve for a while. But the rest of the voters are too ignorant to realize that most of their class status will actually go down.
I have family members who actually think they’ll be better off under socialism.
Obama wants everyone equally impovershed. When everyone starves to death, there will be no income disparity. Guaranteed minimum wage will be five beans and a rancid slice of bacon. Cuba is Obama’s model.
I watched Fox for years. He is biased, very subtle but biased. Which is OK, but boring.
Unemployment itself isn’t the problem; continuing to pay unemployment perpetually is THE problem. So our wonderful government pays you to do nothing; fabulous.
Now there is a helper in destroying the middle class...it’s called business.
The middle class is already decimated as I see what’s happening at my place of work. Of 400 employees in our manufacturing facility 200 of them are temps making $10 per hour with no benefits and have been for well over 12 months. They will hire about 2 people per month which is coincidentally the hired in turnover rate. The company saves tons of money having temps do the same work as the hired in guy on the line as they cost about half what a hired in employee does to keep around.
Obviously our company cannot compete without having 50% of our workforce in a “temporary” status for literally years. This is a symptom of a bigger problem; our manufacturing base is also being decimated by our trade agreements with other countries that put overseas competitors on way better financial footing then you and I here in the USA.
So what do you do? Government has looted the treasury and continues to spend as if there is no tomorrow and the once great “arsenal for democracy” has become nothing but a marketplace for imports.
I think Wallace does a good job of classical journalism. Are we going to be so thin-skinned our people must be treated with kid gloves? We should welcome the hard questions. Senator Coburn was well up to it.
I think this is optimistic considering the unemployment rate during the Great Depression hovered around 24%. We are not facing a depression, but a hyper-inflationary recession which will be far worst. And besides, who really believes the statistics put out by the government?
As measured in the Great Depression, real unemployment in the USA is already at 23%.
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