Posted on 09/05/2010 8:56:03 AM PDT by barmag25
Between the time that George Washington took the first oath of office as president and when Barack Obama did—1789 to 2009, the United States had borrowed nine trillion dollars. Since Obama took office, it has borrowed or imposed nearly three trillion more debt. Tell me he is not deliberately seeking to bankrupt the nation.
In an August 28 Wall Street Journal editorial it noted that “To no one’s surprise except Vice President Joe Biden’s, second quarter economic growth was revised down yesterday to 1.6% from the prior estimate of growth of 2.4% which was down from first quarter growth of 3.7%, which was down from the 2009 fourth quarter’s 5%. Economic recoveries are supposed to go in the other direction.”
(Excerpt) Read more at borderfirereport.net ...
you got it
If you think it’s bad now,wait until this time next year.
YEP...my friends and family think I’m a bit weird...but....I’ve been stocking up since 11/2/08...and won’t stop until we have a totally different administration and direction for this country! There’s stuff around here I’ve thought about getting rid of...but, have decided to wait a few years....and see how things are....just might need THOSE things....
Look at any mall, strip mall, or shopping center, and notice how many empty stores you see.
Look in your neighborhood and see how many houses are for sale (not selling) and how many “for rent” signs there are (not being rented).
Depression? Time for a reprise of the Waltons?
Nah...
I’ve been following the same path. After 11/2, I joined a wholesale club, created a supplemental pantry in the cellar, took (and passed) my CCW course, started paying down bills with extreme prejudice, cut my personal budget pretty close to the bone and more.
I have at least one family member who scoffs and must think I’m crazy (she’s a state employee). Many of the liberals I know in my sad blue state have done none of this and have no belief that anything bad is coming. Even if there isn’t, there is no down side to getting your bleep together.
And I’ve heard some news people say that the “real” unemployment rate is 16%. They acklowedge that the “official” rate is 9.6% but indicate that the real rate is higher. My question is whether the Obama administration is fudging the numbers to keep unemployment below the barrier of 10%. Are they calculating it in a strange way so that we don’t know the true rate?
Yes, I’ve noticed empty stores in strip malls, and in regional shopping malls too. There are a number of vacant homes in my solidly middle class neighborhood. Most of the for sale or for rent signs are for empty houses, where people have already moved out.
The next mortgage crisis could well happen in commercial property. Many owners of malls and office buildings have a mortgage on the property, for which the owners depend on rental income from the stores and offices. If these stores and offices are vacant, the mall and office owners could default.
We have two years food, water, fuel, ammo in the basement.
It sure looks like bad things are coming.... if, by some miracle they don't, self-sufficency is still a good retirement plan.
“My question is whether the Obama administration is fudging the numbers to keep unemployment below the barrier of 10%. Are they calculating it in a strange way so that we don?t know the true rate?”
Yes and yes.
“My question is whether the Obama administration is fudging the numbers to keep unemployment below the barrier of 10%. Are they calculating it in a strange way so that we don?t know the true rate?”
To elaborate: The simply deem enough people as having “left the job market” to keep the official number below 10% (among other tricks).
>>>“My question is whether the Obama administration is fudging the numbers to keep unemployment below the barrier of 10%. Are they calculating it in a strange way so that we don?t know the true rate?”
Yes and yes.<<<
There was an interesting article in Atlantic Monthly from a few years ago which mentioned how unemployment stats have been rejiggered for years by presidents, both Republicans and Democrats. Needless to say, the stats were manipulated to make the president at the time look good. Go figure.
We’re doing all that here and also working out regularly to be ready for more difficult times. Yesterday was spent scrubbing 50 used 3- and 5- gallon food buckets to reuse for emergency food storage. Today we’re going out to buy the food put put in them.
I drove past a small strip center by me and noticed a new store by the farmer’s market there. I pulled over to get a better look at the offerings of both. In the remaining open storefronts was a sign, “Six months free rent”. How desperate are times when a landlord will give up half a year’s income just to fill in the slot?
Of course it’s a depression. The Obama depression. Or the O-pression for short.
I think the biggest difference from the 1930s is the 99 week unemployment benefits, food stamps, and welfare.
We can now borrow money from China to keep folks from standing in bread lines. Another Ponzi scheme, passing the debt to future generations.
“We believe in one spender,
The Government, the Almighty,
Stimulator in times of great distress.
We Believe in Obama,
The only son of a Kansas girl.
He was conceived out of wedlock
By the power of young love
And Born nearly fifty years ago.
He can do no wrong.
We believe in the Holy Congress,
The giver of all life,
From whom all good things come.
With the power of the Federal Reserve,
And the eminences of the Supreme Court, The Congress is worshiped and glorified.
They shall spend us to prosperity now and forever.
Amen.” “
Your royalty cheque is in the mail.
Depression? The default will be more fun than that. It will be a good time to put out the politically correct trash.
“Your royalty cheque is in the mail.”
LOL! Send it to some really right wing organization that makes the left gnash it’s teeth instead.
I intend to use that quite often. O-pression. Great, great term.
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