Tag Archives: economy

Like his predecessor FDR…

Today’s article by Bob Unruh says what nobody in the main stream media is willing to say. ~TD

WND EXCLUSIVE

OBAMA LEADING NATION INTO ‘FULL-ON DEPRESSION’

Pollster: ‘I cannot remember a time when America was this despondent’

by BOB UNRUH

Barack Obama has led the nation into a “full-on depression,” according to a new poll that indicates only one in three people believes America is going in the right direction.

Depressed in America

Depressed in America

The poll shows a whopping 38 percent of Democrats believe America in general is “on the wrong track” or they are not sure.

The results are from a telephone poll conducted for WND by the public-opinion research and media consulting company Wenzel Strategies. It was taken Jan. 9-12 and carries a margin of error of plus or minus 3.22 percentage points.

On the basic question, 34 percent said the nation is going the right direction, 60 percent said America is on the wrong track and 6 percent said they were unsure.
Read more at http://www.wnd.com/2013/01/obama-leading-nation-into-full-on-depression/#a1GaTTpv2WdB48wg.99

Before we join the chorus against “Big Oil”

oil-on-water-earth

STUDY: JUST 1 THING BETWEEN MANKIND AND DISASTER

Starvation would run rampant without key substance

 
With a president who has quietly confided a plan to regulate the coal industry out of existence, Bob Unruh’s article in WND today has significance.
~Trail Dust

This Video Needs a Title

The Welfare Nation is Upon Us

“America is going to Hell in a handbasket.”

That statement, or some variation thereof, has been around long before any of us were born. Like most of you, I have heard it repeatedly uttered by my older relatives as well as my parents ever since I can remember. Now my friends and neighbors are saying it, too, and with increasing frequency – well, at least those who are actually paying attention, anyway.

Of course, asserting that something is going somewhere implies that eventually it is going to reach its destination.  In the case of our beloved America, I believe we have now reached the very edge of the smoldering abyss itself.

Via americanthinker.com (emphasis and highlights are mine):

January 24, 2012
Takers Taking Over
By Jeffrey Folks

In case anyone hasn’t noticed it yet, Europe is in crisis. Faced with violent protests and general strikes, European politicians seem unwilling to take the necessary steps of structural reform that would save their economies. With rigid labor laws, bloated government workforces, declining birthrates, and universal welfare schemes, Eurozone economies have experienced subpar performance for decades and are now sliding into recession once again. The model of the European-style welfare state simply does not work.

Unfortunately, when the percentage of those receiving government aid exceeds 50%, it is difficult to cut benefits. The threat of cutbacks in Greece has brought chaos to that country. The sight of thousands of left-wing thugs, marching in close ranks and armed with large batons and Molotov cocktails, is now a common one in central Athens. These blackshirted youths form a paramilitary force of a sort that has appeared in other European nations as well, adding a dangerous element of uncertainty to the future.

Government’s response to civil unrest has been to appease the protesters. Greek officials have dragged their feet finalizing proposals for “voluntary” write-downs of 50% on their sovereign debt since those write-downs come with stringent conditions of structural reform. From all appearances, it looks like the Greeks are angling for debt forgiveness with no substantive change in the Greek welfare state. In other words, they are asking investors to continue subsidizing their enormous deficit spending.

If all this sounds a lot like what’s happening in the U.S., it is. Like the socialists who govern Greece, Obama’s left-wing administration depends on the support of left-wing activists, unionized government workers, radicalized students, and welfare recipients. All of these groups have been pressing for more government spending, and Obama has not disappointed them.

In just three years, discretionary spending has increased by 24% (not counting an additional trillion dollars of stimulus spending plus two rounds of quantitative easing by the Federal Reserve), all of it funded with deficit spending. Obama’s 2012 budget, which was rejected by every member of the Senate, called for continued spending at 2011 levels, even as his own budget supercommittee struggled to come up with $1.5 trillion in cuts.

It is clear that Obama’s priority is not fiscal responsibility. In fact, the single-minded focus of this administration has been the expansion of government benefit programs designed to foster dependency. From the beginning, Obama’s political strategy has centered on the restoration of “welfare as we know it.” The clients of welfare are always reliable supporters of the Democratic Party.

If Democrats can expand the percentage of the population dependent on benefits above 50% of the population, they will have achieved a permanent grasp on power. If anyone doubts this, let him look to the European welfare states. In none of these countries have social welfare programs been eliminated once they’ve gained their footing.

America stands at a crossroads in 2012, for this is the year when the American people will decide irrevocably whether they wish to see their country transformed into a European-style welfare state.

[...]

Ominously, the percentage of takers, those who collect benefits and pay no federal income tax, now sits at 49%. Anything beyond that and the country is lost forever.

You will find the entire article here.

I hate to say it, but I believe 51% is the proverbial “tipping point,” and we as a nation are now staring it squarely in the face.

I have to disagree in one area with Mr. Folks, and that is I do not believe we are headed for Western European socialism, but more toward a split somewhere between Venezuela and Zimbabwe.

I am praying enough of the American sheeple will awaken from their slumber between now and November (assuming we have that long), and run Barack Hussein Obama off into the weeds, flip the Senate as well as add enough true conservatives to effect a change in the currently useless House leadership.

And even if all that happens, the battle so save the America we all grew up in will only be just beginning – as merely halting the slide is not going to be enough this time.

Not even close.

-Dave 

Georgia Employer Says It with Signs

Looman did receive some unexpected attention not long after he put up his signs and Facebook photos. He said someone, and he thinks he knows who it was, reported him to the FBI as a threat to national security. He said the accusation filtered its way through the FBI, the Department of Homeland Security and finally the Secret Service. Agents interviewed him.

“The Secret Service left here, they were in a good mood and laughing,” Looman said. “I got the feeling they thought it was kind of ridiculous, and a waste of their time.”  Full Story   ~LTG

TEA Party Congressman Rips Idiot Constituent

And he is exactly right, too. :-)

-Dave

When Commies Attack

Speaking for myself, I hope the cops beat the crap out of the punks.

Additionally,  twenty of their malodorous comrades were arrested by Atlanta police officers for refusing to leave Woodruff Park by eleven pm.

I have to admit I am surprised Mayor Kasim Reed (think Obama, Jr.) is actually allowing the cops to arrest the parasite-infested trespassers.

Perhaps he is worried the private park’s owners are going to sue the city for damages.

-Dave 

(h/t: boortz.com)

Grab the Duct Tape on This One !

The following are 10 mind blowing facts which show how members of Congress and federal employees are living the high life at our expense….

#1 When you total up all compensation (including health care and benefits), the average income for a federal worker in the Washington D.C. area last year was $126,369.

#2 In 2005, 7420 federal workers were making $150,000 or more per year.  In 2010, a whopping 82,034 federal workers were making $150,000 or more per year.  That is more than a tenfold increase in just five years.

#3 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more.  When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#4 Last year, federal employees “earned” approximately 447 billion dollars in total compensation.

#5 According to a study by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.

#6 Today, one out of every 12 people living in Washington D.C. is a lawyer.  In New York City, only one out of every 123 residents is a lawyer.

#7 More than 50 percent of the members of the U.S. Congress are millionaires.

#8 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.

#9 Insider trading is perfectly legal for members of the U.S. Congress – and they refuse to pass a law that would change that.

#10 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

Meanwhile, most of the rest of America has been going through economic hell….

-The standard of living in the United States has fallen farther over the past three years than at any other time that has ever been recorded in U.S. history.

-According to the Federal Reserve, the combined net worth of American families has fallen by $5.5 trillion since 2007.

-Half of all American workers now earn $505 or less per week.

-According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less

Full Story Here

~LTG

Barney Frank Supports the Commie “Protesters” While Seeking Wall Street Cash

The New Three Stooges

Yes, you read that right, and no, you have not accidentally swerved into the Onion.

Bawney Fwank, who I have posted about previously concerning his culpability when it comes to the financial and economic meltdown that this entire planet is now facing, actually supports those who, if they were even remotely bright enough, would be trampling the petunias into mush on his own front lawn.

Via politico.com:

Rep. Barney Frank might sympathize with the Occupy Wall Street protesters, but he’s still got friends in the financial world.

The Massachusetts Democrat is heading to New York hoping to raise tens of thousands of dollars Thursday at a fundraiser at the home of Charles Myers, a senior investment banking advisor at Evercore Partners. Myers is one of several Wall Street execs listed on the invite soliciting up to $2,500 from attendees for Frank’s reelection committee, according to a copy obtained by POLITICO.

Frank, the co-author of the sweeping financial regulatory reform bill signed into law last year, said in a recent interview with POLITICO that he didn’t see any conflict between supporting the protests and taking financial services money.

“If you take money from them, but you don’t vote [for] the things they want, how does that put you in conflict?” Frank questioned.

Frank said he supports the movement “to the extent that they obey the law” and that he wishes “that kind of energy was around two years ago when we were voting on the financial reform bill. We’d have a tougher bill.”

Frank spokesman Harry Gural said the event isn’t exclusively a Wall Street fundraiser, and will include members of the gay and lesbian community and others.

You will find the rest of the article at this link.

Justice is going to find this cretin one day – if not in this life, then most certainly the next.

When that day comes, I am going to be soooooooo glad that my name is not Barney Frank.

-Dave

Quote of the Decade with Nomination for Best 2012 Campaign Poster

THEN – 2006

“The fact that we are here today to debate raising America ’s debt limit is a sign of leadership failure.  It is a sign that the US Government cannot pay its own bills.  It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America ’s debt weakens us domestically and internationally.  Leadership means that, the buck stops here.  Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.  America has a debt problem and a failure of leadership.  Americans deserve better.”

~  Senator Barack H. Obama, March 2006! 

NOW-2011

 

h/t Rev Bob Liichow

~LTG