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Video: Tom Coburn predicts 18% unemployment rate, destruction of middle class
Examiner ^ | December 27, 2010 | Marc Schenker

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 ...


TOPICS: Government; Politics; Society
KEYWORDS: coburn; middleclass; senate

1 posted on 12/27/2010 4:30:23 AM PST by Suvroc10
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To: Suvroc10
He also said that the poorest of the poor would be hurt the most.

... and will likely be even more inclined to vote for Democrats as a result. Sigh.

2 posted on 12/27/2010 4:32:41 AM PST by ClearCase_guy
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To: Suvroc10

Chris Wallace scared?

Is he not deeply in bed with Mitt Romney?


3 posted on 12/27/2010 4:35:08 AM PST by Diogenesis (Si vis pacem, para bellum)
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To: Suvroc10

Chris Wallace is liberal flying under the radar at Fox News. The apple doesn’t fall far from the left leaning tree.


4 posted on 12/27/2010 4:38:26 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: Suvroc10
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.

What makes him so optimistic? That would be the best case scenario.

5 posted on 12/27/2010 4:40:27 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va

Yeah, but Obama got his stash that he will redistribute to all of us poor folks!


6 posted on 12/27/2010 4:47:38 AM PST by no_go_lie
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To: Suvroc10

>>if government spending isn’t meaningfully curtailed<<

Translation: Cut whole departments - Energy, Education, HHS - AND agencies - TSA, EPA, OSHA - AND policies - DeathCare, CHIP-RA, Medicaid - AND unfunded mandates - NCLB, ESL, Real ID.

How - easy, defund them. Pass a budget killing these sinkholes of OUR money and dare the Senate and 0bambi to kill it.


7 posted on 12/27/2010 4:55:59 AM PST by NTHockey (Rules of engagement #1: Take no prisoners)
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To: central_va

In the light of this interview, everyone here should try to read THE 5000 YEAR LEAP by W. Cleon Skousen..I got a copy for Christmas and cannot put it down. Education such as this demonstrates what our politicians have done to our system of government over the years. Senator Coburn’s Apocolyptic fears may prove to be prophetic if the unconstitutional actions and the illegal regulations coming from our government are not overturned and repealed. The FCC and the EPA, especially need to be reigned in immediately. Homeland Security must not be allowed to oppress us and take or freedom as it looks like they are trying to do. Where is the Congress? Where are our check and balances?


8 posted on 12/27/2010 4:57:11 AM PST by jazzlite (esat)
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To: Suvroc10

Link for video

http://www.youtube.com/watch?v=Q-xggaoSXV8&feature=player_embedded


9 posted on 12/27/2010 4:57:12 AM PST by Whenifhow
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To: ClearCase_guy

That’s a real danger. When the civil society dissolves, when it is largely destroyed by hyperinflation and unemployment, in which direction shall the people turn?

Will they turn to Liberty or Tyranny? Will they demand a return to the Constitutional principles that made the US the exception to world history or will they demand that a strong man “do something?”

I hope for the best but anticipate the worst.


10 posted on 12/27/2010 5:00:21 AM PST by Jacquerie (Love my country, despise my federal government.)
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To: Jacquerie
The standard view is that the Republicans draw their support from the Middle Class. If the middle class is destroyed, then the top level of society will consist of elitists who are confident that they can use the existing system to their own advantage (more government helps them manipulate the system, in their opinion) and the bottom level of society will consist of "victims" who feel they cannot survive without help (more government helps them get what they "deserve").

I say we're heading toward feudalism.

11 posted on 12/27/2010 5:05:34 AM PST by ClearCase_guy
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To: Suvroc10

Why is this a ‘prediction’??

We already have unemployment in that range right now if you consider the people that would like to be employed but have quit looking.

The gov’t stats are used to make things look better than they really are. If Bush were in office the press would focus on that 17-18% number and ignore the official 9.8% statistic.


12 posted on 12/27/2010 5:22:45 AM PST by webstersII
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To: Suvroc10

if we honestly evaluated unemployment, we are about 18% right now, unemployment doesn’t count self employed, so why is he so optimistic?? Seems to me that 25-30% unemployment and massive inflation of basic necessities is the real problem coming, and fast.


13 posted on 12/27/2010 5:32:25 AM PST by eyeamok
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To: central_va

Coburn’s right and the really scary part is what chance do you think there is that the US government will meaningfully decrease spending? How about zero?


14 posted on 12/27/2010 5:33:49 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: central_va

Liberal? Got any specifics? Frankly, I’ve been impressed with Chris, especially his willingness to ask really tough questions. Don’t confuse him with his Dad.

Now, Shep Smith is a liberal.


15 posted on 12/27/2010 5:36:57 AM PST by rbg81 (When you see Obama, shout: "DO YOUR JOB!!")
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To: ClearCase_guy

This is why I think our first targets should be te regulatory agencies that kill jobs. Once we start doing things that really encourage job creation we can start picking away at the entitlements.


16 posted on 12/27/2010 5:42:09 AM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: jazzlite

There are no checks and balnces, this is a communist run government under the obamanation of desolation for America. The man is a sociaopath and may wind up pulling a Hugo Chavez before the next election.


17 posted on 12/27/2010 5:45:38 AM PST by kindred (The third party way would be one answer. But we are a stupid generation.)
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To: jazzlite
Where is the Congress?

Too busy padding their own pockets.....

18 posted on 12/27/2010 5:47:13 AM PST by Thermalseeker (The theft perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: central_va

I always thought Wallace was pretty neutral. Who, in your opinion, is okay at Fox?


19 posted on 12/27/2010 5:48:47 AM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: Suvroc10
US will see an 18% unemployment rate

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?

20 posted on 12/27/2010 5:48:57 AM PST by John123 (Requiem for Euroland...)
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To: rbg81
Frankly, I’ve been impressed with Chris, especially his willingness to ask really tough questions.

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.....

21 posted on 12/27/2010 5:49:46 AM PST by Thermalseeker (The theft perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: Thermalseeker

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.


22 posted on 12/27/2010 5:57:21 AM PST by rbg81 (When you see Obama, shout: "DO YOUR JOB!!")
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To: NTHockey
How - easy, defund them. Pass a budget killing these sinkholes of OUR money and dare the Senate and 0bambi to kill it

It's not wasteful spending that's killing us. It's onerous regulation of the greenies that's strangling us.

23 posted on 12/27/2010 6:04:48 AM PST by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: rbg81
I haven’t seen that.

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......

24 posted on 12/27/2010 6:06:01 AM PST by Thermalseeker (The theft perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: Suvroc10

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.


25 posted on 12/27/2010 6:10:58 AM PST by sport
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To: Suvroc10

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 !


26 posted on 12/27/2010 6:15:07 AM PST by CORedneck
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To: NTHockey

That’s an excellent idea.


27 posted on 12/27/2010 6:28:57 AM PST by Eric in the Ozarks (Impeachment !)
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To: rbg81
Go back and watch that girlyman castroti interview clinton and watch Chrissy melt and cower at a snarling lip and crooked finger in his face.

LLS

28 posted on 12/27/2010 6:30:54 AM PST by LibLieSlayer (It is easier for a camel to go through the eye of a needle than a dim to enter the kingdom of GOD!)
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To: kindred; Yehuda; Armaggedon; null and void
There are no checks and balnces, this is a communist run government under the obamanation of desolation for America.

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.

29 posted on 12/27/2010 6:45:42 AM PST by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: raybbr

I can’t do cable, it is Rush and Free Republic with a little Glenn Beck for amuzemant.


30 posted on 12/27/2010 6:48:41 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: John123

31 posted on 12/27/2010 6:50:39 AM PST by null and void (We are now in day 704 of our national holiday from reality. - 0bama really isn't one of US.)
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To: eyeamok

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.


32 posted on 12/27/2010 7:00:19 AM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: central_va
I can’t do cable, it is Rush and Free Republic with a little Glenn Beck for amuzemant.

Then how did you determine that Wallace is a "flying liberal"?

33 posted on 12/27/2010 7:38:03 AM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: rbg81

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.


34 posted on 12/27/2010 7:41:59 AM PST by Terry Mross
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To: sport

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.


35 posted on 12/27/2010 7:46:21 AM PST by Terry Mross
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To: Suvroc10

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.


36 posted on 12/27/2010 7:46:38 AM PST by SC_Pete
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To: raybbr
Then how did you determine that Wallace is a "flying liberal"?

I watched Fox for years. He is biased, very subtle but biased. Which is OK, but boring.

37 posted on 12/27/2010 7:47:47 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: ClearCase_guy

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.


38 posted on 12/27/2010 8:08:09 AM PST by cougar_mccxxi
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To: rbg81

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.


39 posted on 12/27/2010 1:26:04 PM PST by La Enchiladita (Are you kidding me??)
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To: John123
US will see an 18% unemployment rate

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%.

40 posted on 12/27/2010 1:46:38 PM PST by meadsjn (Sarah 2012, or sooner)
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To: null and void; meadsjn

Thank you both. It appears we are already there... is anyone in the WH paying attention, huh?


41 posted on 12/28/2010 6:00:23 AM PST by John123 (Requiem for Euroland...)
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To: John123
is anyone in the WH paying attention, huh?

Yes, they are near their goal and already celebrating.

42 posted on 12/28/2010 6:39:07 AM PST by null and void (We are now in day 705 of our national holiday from reality. - 0bama really isn't one of US.)
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