United States Heading towards a Depression?

Something is not quite right when the MAJORITY party, becoming so through deception and mismanagement is proselytizing on the subject of personal success in LIGHT of a nation they have driven to shambles. And an even greater pity is their constituency of radicalism is no different than their leaders.

Want proof?

CNN and Fox News are reporting that China is now dumping dollars and buying Euros. They are doing this because of the massive debt Obama and his cronies have piled up. China warned Obama to stop piling up massive debt, so did G20. Economists worldwide have been decrying Obama's total incompetence in handling this economy. After all, it's the Democrats that got us here in the fist place!

That is game, set, and match in terms of the Democrat's corruption. It's been made very clear that Obama is deliberately "over-counting employment and undercounting inflation". Now, with China dumping dollars, the world is making it very clear that they don't like Obama.

And nothing that BW or gworld writes can change that. What does BW do? He blames Reagan! That so pathetic as to be laughable.

With China dumping dollars, the world is making it very clear that they don't like Obama.

 

I'm not so sure it is a reflection of Obama as perhaps it is their excessive purchases of instruments yielding less than 3%. Though the financing puts this country at a disadvantage doing so at the rates we were dictating shows the world who is still the boss.

What is pathetic and laughable is the misconception fostered by Pug-land that Ronald Reagan had any ideas at all at any time.

 

what is pathetic and laughable is that you blame Reagan.

Look it up - China and the rest of the G20 has been yelling at Obama to stop the deficit spending. Obama's been in offfice 1 1/2 years and unemployment seems permanently fixed at just below 10%. There is absolutely no one else to blame for this except Obama and Pelosi.

 

I'm predicting that small business owners (i.e. "the rich") will get blamed, when the Obama regime needs a new scapegoat.

We're proceeding almost perfectly down the path that Hayek laid out in The Road to Serfdom.

 

Don't worry. We'll be out of business before that happens!

 

The mess we are in is why the Republicans are voted out of office - engaging in an unnecessary war, Iraqi without the backbone to pay for it is only one example.

Putting the economy back on track whether appreciated by the electorate or not was still the right thing for the Obama Administration to do and did so appropriately.

 

What alternate Universe do you live in? Have I missed the unemployment rate falling down to Bush-era levels?

The Obama administration has created nothing but bureaucracy and propaganda. If those could create wealth, the U.S. would be on the right track.

 

Obama: America’s small businesses are the backbone of our economy and the cornerstones of our communities. In the same way that they’re looking out for their employees, we need to be looking out for these small businesses.

 

Just demonstrates how cheap words are. When your administration takes actions in direct contradiction to your words, that's what most call hypocrisy, which is why Obama's approval rating continues to drop in America.

 

The mess we are in is why the Democrats will be voted out of office. Their inability to put the economy back on track is hurting the the Obama Administration. EVERY POLL show that to be true.

 

Republicans were voted out of office because a stupid congressman was doing some things with a page. http://en.wikipedia.org/wiki/Mark_Foley_congressional_page_incident

The timing of the indictment was specifically designed to derail any successful reelection attempts.

Why do you think Rangel and Waters are so adamant that they be scolded NOW rather than later?

 

As the late great Ronald Reagan said, 'The nine most terrifying words in the English language are, "I'm from the government and I'm here to help."'

 

Couldn't help but share:

 

More Obama on small businesses: http://www.whitehouse.gov/blog/2010/08/19/president-congress-put-small-business-assistance-a-vote

 

What small business needs is for the government to get the hell out of it's way.

 

Exactly. That's all any of us ever wanted.

 

Crocodile tears for the ill financed and under represented business interest that are rendered to the homeless shelters and back alleys of American politics. Oh shame, next they will be calling for their "fair" share of food stamps.

The radicalism of tea party reactionary rhetoric is the burden bestowed on a nation in light of the proper role of gov't oversight for the good of a nation in response by business interests is a shame no one need endure but repeats itself enduringly over time by a senseless society.

 

Breeze, I'm sold! What an eventful year for me. First I converted to Islam, and now it looks like I am going to register as a Democrat! I've been thinking about it, but when you mentioned asking for my "fair" share of food stamps, it all became crystal clear. Check it out.

I've got two kids, but to do this right, I need a third, so I plan to immediately knock my wife up. With the third kid, I will qualify for the EITC refundable tax credit of $5,677 a year so long as my annual W2 income does not exceed $22k. If I move into section 8 housing, the government will subsidize 70% of my rent payments, and considering housing for a family my size costs a minimum of $2k/month in California, that is a value of around $16,800/yr. Of course at such a low income level, I also qualify for California's Medi-cal program which insures my family for free, a $1000/month value($12k a year). I add it all up and its a benefits package worth about $34.5k/yr, just for lowering my declared income to $22k a year, and its 100% legal and legitimate! I just think of all the books I could read, or the video games I could play, or the business ventures I could plan on the government dime! I LOVE IT!

In fact, now that I think about it, there are a lot of quasi-legitimate things I could do to make a good thing even better. Now follow me here. By forming a corporation to receive all payments for whatever it is I do, I could change how and when I get paid. This would mean I could pay myself only 6 months out of the year at exactly $1800/month, and then go on unemployment benefits for the other six at $900/month, bringing in an extra $10.9k/year from the government. Furthermore, if I claimed my low income was creating undue stress in my life, I could file for SSI disability income, paying up to another $900/month, or another $10.9k/year!

It all calcs out to a $57,000 dollar check from the government for doing less!! What the hell am I thinking! What sane person works when the government is handing out free money? I tack on the $23k in post deduction income and I wind up with a cool $80k dollar a year!!!!!

The icing on the cake is this. As a corporation, I get to write practically everything off as a business expense. The car, the computers, the big screen tv, the "business trips" to Vegas and Europe. Oh yeh! Hell, I'm sure I could shelter a couple hundred thou to get down to that 23k a year status and the bonus 57k from the gov. Even better, I could have my corporation buy the section 8 housing I live in, so my rent payments from the government would go to..... ME!!!!!! AWESOME!!!

In all seriousness though, I'm sure nobody is doing anything like this.

 

Do not bet on it eh ?

Here is a quote :

"Once the people find they can vote themselves money, that will herald the end of the Republic.” -- Benjamin Franklin


In other news, The Head of the Executive Branch blames the Congress for the country´s economic woes. Hmmm.... that would´nt be the good ol´ Democratic-controlled Congress would it ?

 

O-nation, the truth of your delusions is a concoction (Republican) for those not in need to bestow onto themselves what a deserved society intends for those of the unfortunate.

The light of your post is the reflection of the Chamber of Commerce and its destructive ambitions for self enrichment rendered against the least capable in seeking undeserved attention for meaningless perils that do not exist. I'm surprised you have so far avoided Christianity.....Musim - Atheist - Obomination - Democrat, just turn the corner and you will be there.