But Who Would Do Better With The Economy
Barack Obama
Mitt Romney
RELATED
ARTICLES
Showing posts with label corporate America. Show all posts
Showing posts with label corporate America. Show all posts
Saturday, September 1, 2012
Barack Obama Says Mitt Romney Is For The Rich But What About Him
Monday, July 30, 2012
It's More Than The Money With Madoff's Madness
Bernard Madoff
The case of Bernard Madoff and his appalling ponzi scheme
hurt many people on different levels. As U.S. government's trustees begin
plans to make financial payouts to the victims, albeit inadequate ones, as
much of the money was squandered, one is reminded of the terrible personal
and emotional toll the case took on innocent people.
While some feel sympathy for victims in the case, others do
not. A few people have stated the victims are rich or greedy and deserved
to lose their money to Madoff's mad schemes, but this is not correct. Some
of Madoff's victims were charities and middle class folks that were not
wealthy.
The Judiciary Report took a good look at the case and is
sympathetic to the victims and here's why. For many, it was more than
losing their money. It was having to come out of retirement at an old age,
after decades of working hard, to take difficult menial jobs that paid very
little, simply to put food on their tables. That seems quite unfair.
For others it was the loss of their children's dreams of
going to university, which is sad.
For some it was the loss of their business and laying off workers, who
depended on their salaries to feed their families. For many it became
terrible depression, after being wronged and robbed of all they had worked
for in life. For others it is feelings of betrayal at being viciously
deceived and defrauded by a man they thought was decent.
Society can do without such
behavior and it is sad that there are more Madoffs operating in the
financial sector, who have not been caught yet. The Madoff case was more
than just money. His conduct destroyed dreams and people's peace of
mind.
RELATED ARTICLES
Tuesday, June 26, 2012
Hardworking People Can't Even Make It In Anymore America
Something Has To Change
President Barack Obama
It's a sad indictment of today's society when hard work
doesn't even get you ahead in America anymore. Young people are coming out
of university to no jobs, big student loans to repay and are fearful over
their futures. People are working long hours, some at two jobs, for less
pay than before and are barely making ends meet. Small and mid-sized
business owners are losing their shirts trying to stay afloat in an economy
where the government has forsaken and ignored them in favor of big
business, who created the financial crisis in the first place.
Wall Street, Hollywood and the corporate sector as a whole,
who created the financial mess, continue to live lavishly off ill-gotten
gains made by robbing and gouging hard working people and it was and
continues to be a great injustice. The order has been reversed and in a
terrible way, which is why the U.S. economy has not recovered 5-years into
the crisis. Until that order is reversed back, things will continue along a
detrimental path of financial deterioration.
The thieves and criminals are prospering, while hardworking
people struggle and suffer, due to the cowardice of the Justice Department,
FBI and the S.E.C. To have a prosperous economy, there must be proper
regulation and equitable laws governing the financial sector that are
enforced. No sense in having laws one does not use, as they are rendered in
effective and is a major inducement for some to commit crime.
Barack Obama walking on the grounds of the White House
The Obama Administration has not cleaned up the corporate
sector as too many of them are his rich donors. He has instead opted to
spend the nation into debt, throwing money at a problem that was caused by
indebtedness in the first place. IT was the equivalent of throwing gasoline
on the fire.
However, the greedy architects of the current financial
crisis, did not think ahead, as they have damaged America in terrible ways,
in something that is now affecting them as well. People are investing less
in the stock market. People aren't building or buying homes like they used
to, because they can't afford it and many are saddled with bad credit.
Fewer cars are being sold. People are going to the movies a lot less and
buying fewer music albums. A recent report revealed people in America are
even cutting back on or getting rid of their cable television
service.
That greed of the corporate sector to gouge and gain as
much money overnight, has led to long term losses that have eaten away what
they would have made over time and created sales declines. They have not
come out ahead, losing more than they have gained. Stealing is not a
shortcut to success. It is the precursor to a nightmare.
President Barack Obama, former President George W.
Bush and his wife, former First Lady Laura Bush
Another serious side effect of big business being allowed
to wreak havoc in the United States is America has lost its economic clout
in the world, something Washington is having a very difficult time coming
to terms with. The entire fiasco is a chain reaction of events, triggered
by the greed of a handful of people in the corporate sector, in criminal
misdeeds Congress failed to stop, due to campaign donations from the aforementioned,
unduly rich lawbreakers.
RELATED
ARTICLES
Obama Sided With The Rich Over The Poor Hence The Financial Crisis Continuing
Barack Obama
U.S. President Barack Obama has spent America into a massive hole, in
doling out $1 trillion dollars to mostly wealthy financial institutions and
businesses that ripped off the American people, then crashed and burned for
doing so, when their extortionate fees were not met by the working class.
This has not created a healthy economy, but a severely indebted one, as
Obama added $5 trillion to the national deficit in just under four years. Rather than go with
austerity, in making much needed budget cuts, living within one’s means
and not spending money the government does not have, Obama did the opposite
to terrible results. What‘s even more alarming is Obama is determined other
world leaders should do the same, when it has not worked for him in America.
It's time for a change.
RELATED
ARTICLES
Monday, June 18, 2012
Too Big To Fail Or Go To Jail - Part 2
Barack Obama
Some companies in the corporate sector think they are
"too big to fail." However no company is "too big to fail."
Looking back through corporate history there are on companies that have
collapsed and closed, such as Enron, WorldCom and Washington Mutual, to name a
few, who were once thought to be invincible.
Those were all big companies that failed, collapsed and are
now gone. A memory. No company is too big to fail, but it is a lesson the
corporate sector has not truly learned, taking dangerous risks on financial
instruments that devastate economies. Some corporations have become too corrupt
to stay in business, but their haughty way of thinking they are "too big
to fail" or go to jail, will be their downfall.
RELATED ARTICLE
Saturday, June 9, 2012
Too Big To Fail Or Go To Jail
Barack Obama
The term "too big to fail" is often employed regarding major corporations that are experiencing financial loss. However, too big to fail or go to jail, should be added to the term, as the Obama Administration, much like the presidency of Bush before him, have given a pass to financial criminals that have cost America and the world so much. Not exactly a deterrent from committing crime. This is corrupt and needs to be changed.
RELATED ARTICLE
Friday, April 6, 2012
U.S. Economy Adds Fewer Jobs Than Expected In A Significant Slowdown
March 2012 Jobs Report Not Good
Barack Obama
The U.S. economy added 120,000 jobs last month, falling short of the projected 205,000 that was expected. The economy has slowed once again and in a very noticeable manner. This is another indicator there has been no financial recovery and changes are needed to get the nation back on solid footing. A record high number of Americans are no longer in the work force, which is not a good milestone to hit in any regard.
STORY SOURCE
Monday, January 16, 2012
Even With A Black President Not Much Has Changed This Martin Luther King Day
Martin Luther King Jr.
Today is Martin Luther King Jr. Day, named in honor of the pioneering civil rights advocate that changed America through non-violence and words of equality and peace. America now has its first black president, Barack Obama, but King's dream of equality still has not been achieved. Obama has helped rich corporate entities more than the everyday American, the latter includes minorities.
Socioeconomic disparities have created a significant divide between the haves and the have nots, the latter mostly minorities. Blacks and Hispanics are still racially profiled. The corporate sector has become greedier than ever, targeting minorities to greater degrees. It's time for reflection and readjustment, as the nation has a far way to go to achieve the dream.
Thursday, October 6, 2011
American Protests Against The Corporate Sector Begin To Spread Around The Nation
Protests against Wall Street and the general corporate sector, for bringing the worst financial crisis on the nation since the Great Depression, have been spreading from New York to other American states. People have camped out to continue their protests, regarding the poor state of the U.S. economy, which has hit a number of historic lows over the past few years.
Democrats, President Obama and Senator Nancy Pelosi, are trying to reach out to protestors expressing empathy, which is ironic, as both had a great hand in the financial crisis becoming what it has turned into on America. Pelosi and Obama, when he was a senator, during the presidency of George W. Bush, rubber stamped dangerous items in Congress and looked the other way to serious corruption in the corporate sector, which has mushroomed into a financial nightmare (with worse to come).
On the opposite side of the aisle, Republican presidential candidate, Herman Cain told protestors this week to "blame yourself" for the state of the economy, not the banks and Wall Street, which was unfair. Cain needs to remember, America has tens of thousands of people who have been the victims of ponzi schemers and fraudsters, who stole their life savings, costing them their homes, investments and other assets. He also needs to remember, banks on Wall Street colluded to raise interest rates on mortgages, making payments unaffordable, costing many their homes.
Let's face it - the government has failed. They need to own up to that and stop blaming the everyday citizen for what has transpired. The government sided with the rich and famous, allowing them to do the unthinkable in the corporate sector and that greed has destroyed the prosperity the nation once enjoyed. Full stop. It was an illegal redistribution of wealth, presided over by the White House and Congress and all involved deserved to be voted out on their backsides for it. You have failed the nation.
RELATED ARTICLES
Statistics Brand Barack Obama The Worst Job Creation President Since The Great Depression
Movement Among Democrats To Find Challenger To Run Against President Obama In 2012
Obama Solar Firm Fails Filing For Bankruptcy And Laying Off 1,110 People
Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today
Obama's Poll Numbers Implode Into Disaster
When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers
Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama
Billionaire Tells Obama To Resign Over The Economy
America's National Deficit Increased An Unprecedented 35% Under President Obama
A Majority Of Americans Feel They Were Better Off Before President Obama
Monday, September 5, 2011
Obama Sends U.S. Debt To All Time High
Debt Skyrockets Under President Obama Surpassing $10 Trillion
Barack Obama
For the first time in history, U.S. debt has topped $10 trillion dollars, up 59% under President Obama. In the midst of all Washington's spending, based on the reasoning President Obama set forth over two years ago, calculated expenditures would (allegedly) stimulate and boost the economy, spurring job growth. However, it has not and to terrible results. For the first time since 1945, U.S. job growth is at 0%, which is breathtakingly bad.
The government has also dipped into Social Security funds, which is not a good thing. According to CNS News, "The 'intragovernmental' debt is money the Treasury has borrowed out of government trust funds—including the Social Security trust fund—to use on federal expenses other than those the trust funds were set up to cover." This is a disaster in the making. Why is this being allowed.
STORY SOURCE
U.S. Debt Held by Public Tops $10T for 1st Time—Up 59 Percent Under Obama
Friday, September 02, 2011 - (CNSNews.com) - At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday.
Tuesday, April 26, 2011
The Economy Has Become A Free For All For Corporate Criminals
Barack Obama
The U.S. economy has become a free for all for corporate criminals robbing and ripping off the people of America. Food and gas prices continue to escalate in the midst of an unyielding financial crisis, fraudulent foreclosures abound and banks continue to horde a trillion dollars they were given by former President, George W. Bush and current Commander-in-Chief, Barack Obama.
You would think the massive bailouts would make banks and other financial institutions more eager to lend and invest in the national community, but it has done the exact opposite. A number of banks are hording bailout funds that came directly from taxpayer money, while engaging in egregious financial crimes against people in America.
The FBI and SEC continue to fail in policing and prosecuting criminals in corporate America, which is greatly hindering any possible recovery. Only an unwise person would believe, the very people that caused the financial crisis, can be trusted to police themselves.
RELATED ARTICLES
How George Bush Destroyed The U.S. Economy
FBI Knew About Mortgage Problems From 2004
S.E.C. Ignored Warnings About Madoff
Obama Could Rebuild American Cities If...
If Obama Had Ended The Wars And Not Started Another One...
Gallup: Unemployment Higher Than Obama Admitting
GDP Data Shows The Recovery Failed
U.S. Jobs Lost Not To Be Replaced Until 2020
Joe Biden: We Can't Replace The 8 Million Jobs Lost
Wednesday, January 26, 2011
Obama's 2011 State Of The Union Speech Rousing But Problems Remain
U.S. President Barack Obama gave a speech regarding the State of the Union that was well received by members of Congress. However, the reality is unemployment, foreclosures, business closures and national debt continue to rise. Until he is able to tame and correct the aforementioned problems plaguing the economy, the nation will continue its downward slide.
RELATED ARTICLES
The Government Twists Jobs Report To Hide Losses
What Is Obama Going To Do About The Deficit
Obama's $1 Trillion Bill Passes In Congress
Obama Pushes Congress To Pass $1.1 Trillion In New Spending
Bernake Defends Reckless Spending
U.S. Jobs Lost Not To Be Replaced Until 2020
Joe Biden: We Can't Replace The 8 Million Jobs Lost
GDP Data Shows The Recovery Failed
Saturday, December 18, 2010
The Corporate Sector Destroyed The Middle Class
The Corporate Sector Has Killed The American Dream, Which Is A Shame, Because It Was A Good One
President Barack Obama looking in the mirror
This year a number of mainstream articles have lamented regarding the erosion of the middle class, wondering how it happened, when the answer is right under their noses. The mass corruption and fraud in the corporate sector destroyed the middle class.
Unethical schemes and underhanded tricks have been used to exploit middle class businesspeople in America, destroying and gobbling up their businesses in favor of conglomerates. Faceless, soulless corporations, then buckled and fell under the sheer magnitude of the corruption and crooked business practices.
It is not easy starting and maintaining a business in America anymore. In the 1980s and 1990s it was much easier. There were many rags to riches stories. Now there are too many fees, too few loans and too much corruption one has to wade through, rendering it an unfavorable and unprofitable proposition for many.
I speak from experience. I have been trying to start a new business and you would not believe the hurdles I have experienced... and I didn't even apply for a business loan, which would have complicated it that much more.
In attempting to license the business and lease space, I've had different business people try to hustle me and talk me out of it, providing every negative reason they could think of, as to why I should not start the business, though it is a good, lawful one. Obama wants to know what happened to the middle class and small business sector...there you go!
Former President George W. Bush
I've never seen anything like it in my life. I grew up around so many business owners as a kid and teen, but now it is a different story. To those that make it through the ridiculous obstacle course that has become the corporate sector, there is some unethical corporate giant waiting to illegally profit from and disassemble all you've worked for, while the FBI, FTC, SEC and court system turn a blind eye.
Then, the corporate giants fall (as did Lehman, Countrywide, Washington Mutual, Wachovia, Merrill Lynch, MGM, ect...) leaving the government scratching its head wondering what happened to the economy. Look in the mirror.
The government needs to take a good, hard look at itself, what it has become and what it has allowed to happen to the working class, under the auspices that corporate giants are too big to fail and can do whatever they please, as it has brought America to the brink.
The mortgage lenders conspired and reset the interest rates on millions of mortgages a couple years ago, costing many their homes, the gas companies gouged the populace, usurping billions of dollars during the recent price hike ($3-$5 per gallon), food prices went up, due to added transportation costs (gas again) and ponzi schemers' fraudulent conduct began to unravel, when people started demanding their funds during hard times, not realizing their money was gone. It was the perfect storm, as the phrase goes.
It never used to be this hard to make it in America. Many people used to thrive. So many people that lived financially comfortable lives are now struggling to make ends meet. Now only the very rich are prospering, some through fraud and it is dragging the majority of the nation down.
How can it be good that so many people are suffering, under the aforementioned, illegal redistribution of wealth that transpired at the expense of the fleeced working class. Who will restore the American dream. The government needs to change or the people will change you.
RELATED ARTICLES
Friday, November 12, 2010
Has Obama Failed
Barack Obama
Obama's beleaguered presidency received a terrible wake up call this month, via a pronounced flogging in the U.S. mid-term elections, where his fellow Democrats, were swept out of office and into the unemployment line. The American people rejected his political policies and those in league with him.
President Obama had another agenda from day one. He tried to turn America into a socialist state and it failed something awful. A significant amount of damage has been done, via his socialist goal of printing up an endless supply of money, clearly not keeping in mind the nation has to pay for it.
Constant cash infusions of borrowed money on borrowed time, as added a ridiculous amount of debt to the national deficit. This was done in under two years, but it will take much longer than that to repair the damage. Two years will run off before you know it and then what.
Obama has been acting like it is the America of old, with a balanced budget, surpluses and relatively low unemployment, but he did not assume office after Clinton. Regrettably, Obama has made a bigger mess of the tsunami of debt former president, George W. Bush left behind.
Obama needs to cut the rhetoric and repetitive speeches. People are suffering and some difficult choices need to be made if America is to get back on track. He must stop trying to buy success and acceptance with taxpayer money, because it does not work. Only creates more debt.
Banks and other businesses are hoarding taxpayer bailout money that truly does not belong to them, as it was meant to be injected into the national economy. While there are others in the corporate sector that continue to criminally steal from others in conduct the Obama Administration has failed to stop. Once again, has Obama failed?
RELATED ARTICLES
The Absence Of Conscience
Friend of the rich, enemy of the poor and middle class
The economic depression of 2008 was caused by a gross absence of conscience. Arrogance led the corporate sector and complicit government to believe, robbing and gouging the middle class and poor, was appropriate conduct, when anyone with an ounce of decency knows better. High grade theft, massive borrowing, profligate spending and no accountability, led to the financial collapse of the U.S. economy, damaging other nations as well.
Most of the nation's economic problems have been cased by greed and the inability of some to accept the fact, the only true way to prosperity is hard work. Not stealing what others worked hard for in their lives.
The corporate sector has engaged in egregious acts of financial fraud, which came back to haunt the entire nation. The oil and gas companies, banks, mortgage companies and Hollywood, gouged the American people, with some engaging in flat out thievery.
Rather than moderation and fairness being the order of the day, theft became the corporate goal and it has destroyed many innocent people. The collateral damage and mess that has been created is astonishing on every level. How can one claim to care about one's country and do that.
These same individuals that gouged and abused the populace, destroying the nation's financial heath, are the biggest tax evaders in the country, constantly seeking tax breaks and not contributing anything constructive to America, primarily taking from it.
Oh, the things people do for money. Look what greed has caused - a juggernaut of suffering most did not see coming. What has been accomplished via this orgy of greed? What was the sense of all this thievery from the corporate sector, only for America to lose its dominance and place in the world as the premier superpower. It is merely a technicality at this point regarding America, but China now holds the crown.
STORY SOURCE
Saturday, October 2, 2010
United States Of China?
Barack Obama
A very sobering article was published yesterday by mainstream outlet CNBC, stating China essentially owns America, due to the massive amount of debt the nation has accumulated and the interest that is steadily being accrued. However, U.S. President, Barack Obama, is still spending very large sums of taxpayer money on fruitless endeavors, while America owes China $1 trillion dollars and counting.
No disrespect intended to China, as they work hard for their money, producing goods and services the world enjoys, but Bush and Obama's financial imprudence is threatening America's sovereignty, as any nation that accumulates too much debt and cannot pay its bills, is at risk of going under and collapsing.
If the Obama Administration continues this massive spending campaign, the nation will no longer be able to afford a federal government, with everything being handled on a state level.
The Obama spending spree and money printing run needs to stop. Furthermore, devaluing the U.S. dollar is not going to fix the financial crisis. Once again, the U.S. government is spending too much money and to very poor results. The government should have concentrated on cost cutting and paying down the national debt, as now the nation's sovereignty is in jeopardy.
I predicted the 2008 financial crisis two years before it happened and the Judiciary Report has been publishing a message of government thrift, debt reduction and corporate production for over three years, but the so-called powers that be in Washington, still don't get it and probably won't, until the damage is so extensive, the American way of life is completely gone.
STORY SOURCE
US Is 'Practically Owned' by China: Analyst
RELATED ARTICLES
Obama Admin Job Creation Plan Still Going Haywire
Wasteful $2 Million Per Job Under Obama Employment Plan
Saturday, September 18, 2010
Obama Appoints New Economic Watchdog
Treasury Secretary, Timothy Geithner (left), Barack Obama (center) and Elizabeth Warren (right)
U.S. President Barack Obama has appointed, Elizabeth Warren, as an economic watchdog, to act as a financial czar, monitoring the corporate abuse of consumers. Warren will act as an assistant to President Obama in the newly established Bureau of Consumer Financial Protection. The concept is a good one. Time will tell if it works and it certainly needs to, as there is rampant fraud in the corporate sector.
Subscribe to:
Posts (Atom)