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How's this for an average, yuh Clock Beater!
Average Unemployment:
2006 4.6
2007 4.6 2008 5.8 2009 9.3 2010 9.6 2011 8.9(and this is a horse crap phony number)
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The Old Grey Whore croaks out the same old tune. Raise taxes, increase spending, damn the torpedoes, full speed ahead.
Iceberg? What iceberg?
This is NOT the Obama Economy (wish I slap Hannity every time he spews that crap). We are in a long-wave contraction; four years into a decade of deleveraging and wealth elimination. This is global. It is going to get worse before it gets better.
The biggest mistake both Bush and Obama made was treating this economic cycle like a "recession." Deficit/stimulus spending has, in the past, been helpful in easing a "recession." But we are not in a "recession." We are in a long-wave contraction. You would think that after pumping several trillion dollars into the system, they would get the message.
Obviously not.
Both sides had a seat at this disaster table. A pox on both their houses. For decades they promised goodies in exchange for votes. For decades, the American public gobbled up whatever tripe they spewed out.
We had a chance, in 2010, to do something - but we didn't have enough power to effect real change in spending. Hate to be the messenger: it's now too late.
Wealth is contracting all over the world. ZIRP and hidden inflation will eat whatever is left.
Ultimately, Obama needs to be defeated because he has weakened us considerably as a country and in the World Theater. Our two best choices were Newt and Crazy Uncle Ron (absolutely right on monetary policy but off on foreign policy). We're stuck with Mittens. God help us.
This is NOT the Obama Economy (wish I slap Hannity every time he spews that crap). We are in a long-wave contraction; four years into a decade of deleveraging and wealth elimination. This is global. It is going to get worse before it gets better.
The biggest mistake both Bush and Obama made was treating this economic cycle like a "recession." Deficit/stimulus spending has, in the past, been helpful in easing a "recession." But we are not in a "recession." We are in a long-wave contraction. You would think that after pumping several trillion dollars into the system, they would get the message.
Obviously not.
Both sides had a seat at this disaster table. A pox on both their houses. For decades they promised goodies in exchange for votes. For decades, the American public gobbled up whatever tripe they spewed out.
We had a chance, in 2010, to do something - but we didn't have enough power to effect real change in spending. Hate to be the messenger: it's now too late.
Wealth is contracting all over the world. ZIRP and hidden inflation will eat whatever is left.
Ultimately, Obama needs to be defeated because he has weakened us considerably as a country and in the World Theater. Our two best choices were Newt and Crazy Uncle Ron (absolutely right on monetary policy but off on foreign policy). We're stuck with Mittens. God help us.
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How's this for an average, yuh Clock Beater!
Average Unemployment:
2006 4.6
2007 4.6 2008 5.8 2009 9.3 2010 9.6 2011 8.9(and this is a horse crap phony number)
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“A stark divide is developing on the campaign trail. President Obama is centering his agenda on policies to address economic inequality — including more manufacturing jobs and educational opportunities. Mitt Romney is focused on tax cuts for the rich, budget cuts for the poor, and on blaming Mr. Obama for the economic shambles created in the Bush years”.
Wow, in all of the years I have been suffering through Ny Times editorials, that has got to be the most biased paragraph I have ever read. Campaign season has officially begun,
Ya know, for just ONCE, I wish the Rich Fat Cats at the NYT would care about America and it's workers, not its unionists, but it's workers, over their tiresome, politically correct political agenda!!!
Yeah, fat chance.
The sky is falling, the sky is falling..................
What is the truth about the American economy?
Excessive government steals incentive. In other words, it injures individual, family, and community spirit and hope.
This passage from Samuel says it very well:
“So Samuel spoke all the words of the LORD to the people who had asked of him a king. And he said, “This will be the procedure of the king who will reign over you: he will take your sons and place them for himself in his chariots and among his horsemen and they will run before his chariots. “And he will appoint for himself commanders of thousands and of fifties, and some to do his plowing and to reap his harvest and to make his weapons of war and equipment for his chariots..“He will also take your daughters for perfumers and cooks and bakers. “And he will take the best of your fields and your vineyards and your olive groves, and give them to his servants. “And he will take a tenth of your seed and of your vineyards, and give to his officers and to his servants. “He will also take your male servants and your female servants and your best young men and your donkeys, and use them for his work. “He will take a tenth of your flocks, and you yourselves will become his servants.
“Then you will cry out in that day because of your king whom you have chosen for yourselves, but the LORD will not answer you in that day.” Nevertheless, the people refused to listen to the voice of Samuel, and they said, “No, but there shall be a king over us, that we also may be like all the nations, that our king may judge us and go out before us and fight our battles.” (1 Samuel 8:10-20).
More heads-I-win-tails-you-lose 'reporting' from the NYTimes.
Obozo has given 5 trilion chineese dollars to his supporters that we all are on the hook for and this quota boy is still blaming Bush all the worlds ills ?
Quota boy sure is a P.O.S.
“downshift”
Downshifting doesn’t pertain to the power of the engine. We’re losing engine power.
It’s a nice euphemism, though, suggesting there’s a driver in control. Where is our economy’s transmission?
As far as I'm concerned, as long as "the poor" have enough disposable $$ to get their tattoos, weaves, acrylic nails, cell phones, big screen TVs etc., then there is still plenty of cutting we can do on our FedGov entitlement spending.
I don't have the disposable $$ to throw away on that stuff even if I wanted it, so "the poor" can tighten their belts a whole lot more before they come running to me and other taxpayers with their hands out for more of my hard earned dollars.
“...and too fragile to withstand the kinds of budget cuts Congressional Republicans are proposing.”
“We’re so deep in debt that we cannot afford to spend less.”
More leftist drivel from the home of that economic genius, Krugman