Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Thursday, September 13, 2012

Mitt Romney Beating Barack Obama In The Polls Again As DNC Bounce Fades In One Week



Barack Obama

GOP candidate, Mitt Romney, is again enjoying a favorable lead in the polls over U.S. President Barack Obama. Romney has consistently lead the Democrat in the polls, but Obama received a short lived bounce after Democratic National Convention this past week. 


Mitt Romney

However, the hard and grim economic news of the state of finances in America has hit home again, pushing President Obama back down in the polls. Romney's years as a successful businessman has given him an advantage.
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Poverty In America Under The Obama Administration Has Hit A 45-Year High


Barack Obama

A new report indicates poverty in America under President Obama has hit a record high, creating the worst levels of financial lack among Americans since 1967. Unemployment also went up again this month, indicating the job sector is still in serious trouble, in an unyielding, negative trend. 


Wealthy, experienced businessman Mitt Romney stated this week he will reduce the poverty gap and inequity in America if elected president and as such is asking for your vote in the November 2012 election

For the first time in years, everyone I know in America has been negatively impacted by a financial crisis. In the past, mostly lower income people suffered. However, the ongoing financial crisis that began in 2008, has touched everyone and the poor and middle class more than others, which is regrettable. 

STORY SOURCE



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Tuesday, September 11, 2012

Barack Obama's Growing Pains And The Impact It Has Made On The Economy


President Barack Obama

As America rounds the home stretch into the 2012 Presidential election, President Barack Obama is being asked to defend his spending record and financial choices regarding the U.S. Economy. Obama with no experience in economics, entered office and spent the most money of any U.S. president in history. As a result, America is saddled with record toxic debt that made the financial crisis exponentially worse.


Wealthy businessman Mitt Romney, who has decades of experience with finance is offering an alternative to Obama's economic problems, via running for president in the 2012 election

For Obama, these actions were based on trial and errors and said growing pains were undertaken in a risky manner that has not paid off. If Obama is reelected, it would be four more years of the same type of  excessive spending he has engaged in for the past 4-years. The question is can America withstand that or will it lead to greater economic collapse as the signs are currently showing , via greater unemployment, more foreclosures and business closures.

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Saturday, September 8, 2012

U.S. Economy Sheds More Jobs In Another Terrible Decline Under The Obama Administration

 

President Barack Obama and Vice President Joe Biden

Economic data released yesterday indicates unemployment in America is in a terrible state, with millions out of work and many having decided to give up on looking for a job, due to the poor condition of the economy.
The Obama administration has failed to make good on its promises of job creation and time is running regarding the sheer amount of irreversible damage that is being done to the economy. The Obama administration needs to admit that it is in over its head.

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Friday, September 7, 2012

The U.S. Economy Refuses To Stabilize Due To Several Factors That Need To Be Dealt With

 

Barack Obama

The U.S. economy continues to shed jobs, businesses and homes at a dangerous rate. After almost four years under a Barack Obama presidency, the economy refuses to stabilize, due to failure to implement long term plans to spur growth on a consistent basis.

Too much stimulus money was issued and the funds that were disbursed did not evenly go around or reach where it was most needed. Significant sums of money did not land on the most fruitful ground in sectors of business and trade positioned to reap the most returns for the taxpayers' money, much of which has been hoarded and sent offshore.



Ben Bernake

What occurred was flat-out cronyism. If you were in good with the president and his administration, you were generously rewarded with taxpayer stimulus money, without due diligence or a solid, viable business plan to grow the people's money.

This formula has produced terrible results, yet the Obama Administration keeps using it, hoping things will somehow improve. Einstein defined the definition of insanity as repeatedly doing the same thing and expecting different results.

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Tuesday, August 28, 2012

Attack At The Empire State Building Signals Incidents Of Mass Murder Are Escalating In America Via A Troubling Trend Attached To The Economic Crisis


Police at the Empire State Building crime scene (Photo Credit: Getty)

Last week, Jeffrey Johnson, wearing a business suit, opened fire at the Empire State Building, killing his former boss, Steve Ercolino, for relieving him of his job. Police opened fire and it result in nine civilians being shot as well, as they killed Johnson.

Several weeks ago, gunman James Holmes, also facing unemployment and being kicked out of university, opened fire in a packed movie theatre, during a midnight showing of the film "Batman: The Dark Knight Rises." A few weeks ago, Wade Michael Page, a deranged gunman with poor job prospects, opened fire at a Sikh temple in Wisconsin killing several people. The Judiciary Report warned in 2010 such things would happen (Ben Bernake Didn'tSee The Financial Crisis Coming).

The terrible state of the U.S. economy, coupled with pro-gun laws, has made a terrible societal impact this year, as mass shootings have claimed the lives of innocent people. The collapse of the U.S. economy, its ongoing deterioration and the administration's inability to fix it, is having a widespread effect in many ways people never imagined would happen.

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Friday, August 24, 2012

The U.S. Economy Takes Another Nose Dive On Dismal Job Numbers And Negative Manufacturing Data


The press is calling President Barack Obama a "false prophet" who has prophesied and promised much, but failed to deliver as his words and guarantees have not come true.

The U.S. economy has taken another negative plunge, as the jobless rate rose against last week. Factory data was negative as well. The news on the job market and manufacturing sector in America sent stocks tumbling on Wall Street. Investors are very nervous.

It is further proof America is still mired in a financial depression, not recession, as the problem with economic erosion, beginning in 2008, has continued unabated for years. The financial sector is in bad shape and with good reason, the Obama Administration and its federal government components the FBI and SEC have refused to clean up corporate America, removing the criminals that are wreaking havoc.

The once solid economic balance in America has been destroyed thanks to criminals in the corporate sector. America has become a country where innocent people toil for years, putting in hard work, then have nothing to show for it, due to unemployment, foreclosure and financial fraudsters

With millions of Americans unemployed and facing foreclosure, the economic outlook looks grim. A change is needed to stop America from falling any lower down the global economic ladder that it once topped. 

STORY SOURCE

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Thursday, August 23, 2012

U.S. Government Hits Record $5.2923 Trillion Foreign Debt Under President Obama


Barack Obama

CNS News is reporting, "In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S. government borrowed an additional $34.2 billion from foreign entities in order to fund U.S. government operations."

This should clear up any doubt in Americans minds that the U.S. Government is bankrupt and cannot continue on the dangerous spending spree it has undertaken. As stated previously, former President, Bill Clinton, left America in solid financial state.

 

Mitt Romney

However, Clinton's two successors, former President George W. Bush and incumbent, Barack Obama, have spent America into a terrible financial hole of debt, which will saddle future generations of Americans. The Bush and Obama presidencies doubled the national deficit and blew the substantial lead America had in the world.

American voters will have a choice to make at the polls this November. Risk another four years of unruly spending and mounting debt or give another candidate a try at resolving the nation's financial problems that have overtaken all the other issues threatening to destroy the country. The choice is yours.

STORY SOURCE


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Saturday, August 11, 2012

Pollster States If The U.S. Economy Does Not Improve Barack Obama Will Lose The Election To Mitt Romney


Barack Obama

Prominent pollster, Scott Rasmussen, of Rasmussen Reports has stated on the record, if the U.S. economy does not improve by November, the date of the next U.S. election, President Barack Obama will be voted out of office, in favor of experienced businessman, Mitt Romney.

Rasmussen told Newsmax, "In a way it draws back to Ronald Reagan’s famous comment, ‘Are you better off than you were four years ago?’ Four years ago, in the fall of 2008, 43 percent of Americans said their finances were in good shape. That fell to 35 percent by the time Barack Obama took office. And it’s down to 33 percent today. If that number does not improve, President Obama will lose his job. There’s simply no way an incumbent president will be re-elected if people are feeling a little bit worse off than they were four years earlier.”


Mitt Romney

The Judiciary Report has stated this from day one of Obama's presidency. Some may have interpreted it as being a naysayer, but it's just a simple fact of politics. If you can't improve a nation's financial and social circumstances, it does not matter where you are in the democratic world or how much people like you as head of state, you will likely be voted out. 

This is why the Judiciary Report also warned very early against the excessive spending President Obama undertook upon taking office, knowing it would not work (Obama Calls For Job Summit). In times of financial turmoil, you can't spend your way out of debt. It requires sacrifice and discipline, in the form of government budget cuts and a small tax increase on the rich, the people who will feel it least. Obama did the opposite on both counts and four years later the economy is still struggling and people are suffering. 


Barack Obama

Removing the criminals from the corporate sector is vital as well. They are not contributing to the corporate sector, just ripping off hard working people via fraud and financial scams that need to go. The bad seeds need to be removed from the field, because they are ruining the whole crop. 

STORY SOURCE


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Friday, July 20, 2012

U.S. Economy Hits Another Wall As Unemployment Is Higher Than Expected


Barack Obama
 
Two days ago, Federal Reserve chief, Ben Bernake sounded the alarm regarding the U.S. economy not experiencing any growth, indicating it has been stagnating and no further easing will take place at this time (Ben Bernake Rings Sobering Alarm On The Dismal State Of The U.S. Economy). Yesterday, unemployment in America went up significantly, further indicating the financial crisis still has a terrible grip on the nation. This month, "consumer confidence" indexes also plunged. 

Hate to sound like a broken record, but once again, it is not too late to cut out the unruly spending, engage in substantial government budget cuts and enact a suitable tax raise on the rich. This will facilitate reduced debts, liabilities and expenditures, while producing greater income for the treasury that can be used to create jobs, improve schools, universities, roads, highways and the transportation system.  


Barack Obama on White House grounds
 
Some of the spare funds could also be funneled towards the Small Business Association, with restrictions and proper controls, to restart programs that give financial grants to people wanting to start viable businesses in America ($5,000 to $15,000).  

As naive as it sounds, ending the wars in the Middle East would also save lives and reduce expenditures, freeing up funds that could be used in America. Former President George W. Bush cut out so many useful programs that benefited Americans, to pay for the war, which is a lose lose situation, as soldiers and civilians have died. 

STORY SOURCE





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Wednesday, July 18, 2012

Ben Bernake Rings Sobering Alarm On The Dismal State Of The U.S. Economy

 

Ben Bernake

Yesterday, the head of the Federal Reserve, Ben Bernake, made a grim announcement, stating U.S. economic growth had completely slowed. To the millions of unemployed people in America and businesses struggling to stay open, this came as no surprise.

For the past several years, the Judiciary Report has stated all the "easing" and spending would not work to remedy the economy and U.S. economic data continues to show, it has not. America needs massive budget cuts on a government level, paired with tax increases on the rich, if it is to come out of this dreadful financial crisis that began on Wall Street. 

There are no easy, quick or pretty solutions. This spend your way to wealth campaign the Obama Administration has been on has failed. It's time to put it to a stop. The nation is right back where it started from concerning the terrible crisis, only this time around, $5 trillion dollars deeper in debt, due to the spending spree the Obama Administration embarked on. That’s quite a deficit.

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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.
 
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Tuesday, March 13, 2012

Polls Concur Republican Candidates Are Rating More Favorably With The Public Than President Obama

The Economy Is The Driving Factor

President Barack Obama

Several weeks ago, Gallup polls indicated President Obama, the head of the Democrat Party, is set to lose the November 2012 election by a significant margin. Now the Rasmussen polling company has released its data, revealing Republican frontrunner Mitt Romney and his fellow political party member, Rick Santorum, are several percentage points ahead of President Obama in the polls for the presidency. Romney is carrying the clearest lead.

None of this spells good news for Obama. The economy is the main issue weighing on people's minds, as folks simply can't pay their bills, due to the significant rise in the cost of living in America. Many have lost their homes, cars and savings. Romney's business background is helping him in the polls in this regard.

I don't believe President Obama grasped the severity of the situation when he assumed office, regarding how much damage had been done during the Bush years, but refused to listen to sound advice and spent $5 trillion dollars more. There are always times in life we can learn from history and forbearers, regarding what works and what does not in times of crisis.

Former Massachusetts Governor and Republican Party frontrunner Mitt Romney

Obama entered office with his own ideas and he was and is entitled to that. However, he owed it to the nation to follow the financial examples of those that came before him, who succeeded in office during tough financial times, such as former President Bill Clinton and in Britain, former Prime Minister Margaret Thatcher. They saw turn arounds and profitability during their tenures, during rough economic times.

Bush and Obama spent America into a hole, following their philosophical beliefs that did not pan out. There ought to be a law that a head of state can only spend a certain amount of money and no more, with rare exceptions granted. It is going to take many years to tackle the national deficit and that is only with a president that knows finance well.

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Saturday, October 1, 2011

Celluloid Film Review: Arthur

Title: Arthur

Year Of Release: 2011

Review Date: September 30, 2011

Rating: PG-13

Running time: 110 minutes

Box Office Gross: $65,339,543

Site Rating: 2 out of 10 stars

Family Warning: contains some sexual content and bad language

"Arthur" the remake of the 1981 film of the same name, did not live up to its predecessor, regarding the promiscuous Brit living in New York. The reboot, which stars British comedic actor, Russell Brand, in the role, did not quite do the late Dudley Moore justice. Most filmgoers probably did not look past the surface of this film's trailer, to buy a ticket to see it, as the movie so paled in comparison to what came before it, the deterioration in quality was immediately apparent.

The film did have a few funny moments, but it took way too long for them to arrive. Some jokes did fall somewhat flat, while ironically characterizing the Obama Administration's view on economics. When officials inform Arthur he is living a lavish and meaningless life, by stating, "How do you explain this frivolous spending during a recession" - he simply goes to an ATM, obtains funds from his family's account and spontaneously begins throwing it all over a room full of people while proclaiming, "Free money, recession's over, we're in a boom." The Obama school of economics, indeed.

Speaking of Obama, Hollywood has been name dropping him in their movies, as a means of promoting him. This is being done in bids at propping him up, after their insane agenda, bad advice and constant presence at the White House, firmly planted the first African-American presidency in trouble (see polls). When Arthur is confronted by his mother about his debauched lifestyle and her desire for him to marry a domineering woman he does not love, she admonishes him by stating, "As the charming coffee colored gentleman (Obama) that runs this country said, 'It is time to put aside childish things.'" Actually, that phrase came from the Bible (1 Corinthians 13:11). Leave it to Hollywood to compliment and insult in the same sentence, where no matter what they tell you, race is a factor.

http://www.celluloidfilmreview.com/arthur.htm

Monday, September 5, 2011

U.S. Unemployment Is Going To Skyrocket Again And Here's Why

Massive Layoffs From Two American Entities To Leave Many In The Unemployment Line

Barack Obama

The U.S. unemployment rate is going to go up again, due to announced layoffs by two American giants - Bank of America and the U.S. Postal Service. As stated a few weeks ago, the Postal Service seeks to layoff 120,000 people. Last week, it was revealed Bank of America could, "Cut as many as 30,000 jobs."

If both units get their way, that's 150,000 more people in the unemployment line. There are other companies in the corporate sector threatening massive layoffs as well, during the current financial crisis. The question is, what will President Obama do to address the matter? Is President Obama in communication with any of the companies in question or the Postal Service, in trying to head off the problem?

What happened to all the stimulus money Bank of America was given by the U.S. government? Will the U.S. Congress bailout the Postal Service, which is scheduled to go bankrupt this Christmas? Where are the responses from the government, regarding the announced layoffs in the corporate sector?

STORY SOURCE

Bank of America could cut as many as 30,000 jobs

Postal Service Is Nearing Default as Losses Mount

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Friday, October 22, 2010

Obama Trying To Be Dwight D. Eisenhower


Barack Obama

U.S. President Barack Obama has stated he is attempting to spend America out of a financial recession depression, in the manner he says former President, Dwight D. Eisenhower, did during his term.

However, once again, Obama is not taking into consideration, the America of today, is a different one from Eisenhower's days in office. Like I was actually there. I wasn't born yet, but I can read history books, you know.

Dwight D. Eisenhower

In all seriousness, Eisenhower did not have to battle two costly wars in the Middle East, an unprecedented number of foreclosures, a massive number of bank closures, widespread business failures, record high deficit and an empire in serious decline.

Yes, he spent large sums of taxpayer money on urban renewal and developing the highway system, as a means to create employment, but it should also be noted, there was a recession during his term, not long after the spending commenced. Eisenhower did many things for America, but that was a different time and Obama is dangerously living in the past, when his mind should be anticipating the future.

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Tuesday, October 5, 2010

Obama Blaming Bush For Everything



Barack Obama

According to an article published in the Sun Sentinel, U.S. President, Barack Obama continues to blame former Commander-in-Chief, George W. Bush, for the financial crisis that has refused to release its grip on the American economy.

Yes, Bush is responsible for the crisis, but Obama is culpable for having made it much worse with over-spending. History shall not indemnify Obama from the negative impact his massive spending has created on the nation's financial books.

George W. Bush

President Obama needs to take responsibility for the poor financial decisions he has made and the damage it has done to the national deficit and economy as a whole. George Bush ate my homework will not cut it.

Regardless, I don't think George W. Bush would eat paper. Now, I can totally picture him eating or sniffing glue, Mr. Misunderestimate. You know he was one of the original glue sniffers in school. That's the only explanation I can think of for the gaffes.

STORY SOURCE

Where's recovery?: Obama keeps blaming Bush