06-07-2011, 11:09 PM
"Things look very bad in America these days. Of course President Obama will tell us that it is all Bush’s fault. President Obama now knows that everything thing he’s tried; his stimulus plan, his hire-more-government-workers jobs programs, his promoting of jobs-killing unions, his animosity toward private enterprise have all failed so what is a President to do? Easy, blame President Bush. We’ll keep hearing phrases from the Obama mania media about “turning the corner” and “moving in the right direction” as Obama begs for another term so that he can continue his “fundamental transformation” of the United States.
When the people look at our economy there are two things that stand out right now. One is the lack of jobs, the other is housing prices. How are we doing on the jobs front? In January, February and March we added about 200,000 private sector jobs every month. That fell to 180,000 in April. In May it looks like the numbers may be around 40,000. How is that for “turning the corner?” That’s considered “moving in the right direction?” For people looking for work, I don’t think so. It takes about 150,000 new private sector jobs every month just to keep up with population growth.
What about Housing prices? In Ridgewood home values now are around their 2002 value. Many Americans, perhaps most Americans, have the bulk of their wealth tied up in their home equity, and now that equity has turned to vapor for many.
Add to that that many pre-retirement workers are seeing their retirements disappear!
What is really disturbing is that President Obama has no plan to bring our private sector economy back. He has grand plans to expand the size of government and to improve the economic lives of those who work for government however. What is the one place in this country where home prices are holding their own? That would be around Washington DC. The one economically secure area of our country – the seat of the Federal Government of the United States.
Many experts are concerned that we’re heading back into another recession. Inflation is up. In fact, if we measured inflation with the same metrics that were in use when Jimmy Carter was in office the inflation rate would be around 10%. Clearly reelecting Obama in 2012 could be the worst thing to happen to America since the Pearl Harbor attack."
This view makes sense to me. When all the bullshit and rhetoric has been spouted, the truth remains. The housing and private job markets are fucked. Growing the government in order to compensate is about the stupidest fucking idea anyone could conceive.
It proves two things to me that I have often observed in the South: 1.) Black people don't understand that taxpayers are the ones paying for the government to operate. If the taxpayers don't have jobs, the government builds debt. 2.) Debt has to be repaid. Black people don't get that, either.
When the people look at our economy there are two things that stand out right now. One is the lack of jobs, the other is housing prices. How are we doing on the jobs front? In January, February and March we added about 200,000 private sector jobs every month. That fell to 180,000 in April. In May it looks like the numbers may be around 40,000. How is that for “turning the corner?” That’s considered “moving in the right direction?” For people looking for work, I don’t think so. It takes about 150,000 new private sector jobs every month just to keep up with population growth.
What about Housing prices? In Ridgewood home values now are around their 2002 value. Many Americans, perhaps most Americans, have the bulk of their wealth tied up in their home equity, and now that equity has turned to vapor for many.
Add to that that many pre-retirement workers are seeing their retirements disappear!
What is really disturbing is that President Obama has no plan to bring our private sector economy back. He has grand plans to expand the size of government and to improve the economic lives of those who work for government however. What is the one place in this country where home prices are holding their own? That would be around Washington DC. The one economically secure area of our country – the seat of the Federal Government of the United States.
Many experts are concerned that we’re heading back into another recession. Inflation is up. In fact, if we measured inflation with the same metrics that were in use when Jimmy Carter was in office the inflation rate would be around 10%. Clearly reelecting Obama in 2012 could be the worst thing to happen to America since the Pearl Harbor attack."
This view makes sense to me. When all the bullshit and rhetoric has been spouted, the truth remains. The housing and private job markets are fucked. Growing the government in order to compensate is about the stupidest fucking idea anyone could conceive.
It proves two things to me that I have often observed in the South: 1.) Black people don't understand that taxpayers are the ones paying for the government to operate. If the taxpayers don't have jobs, the government builds debt. 2.) Debt has to be repaid. Black people don't get that, either.