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I do not think it is the fault of the Republicans or the Democrats or Obama or Bush or Clinton or Reagan or the Republican majority in the House of Representatives or the Democrat's majority in the US Senate.
It's a major shift in the world economy and the fact is the US has lost manufacturing jobs. It's whole new paradigm. Big multi-national corporations (who owe absolutely no loyalty or allegiance to the USA) are greedy and are interested in only one thing: immediate profits.
Go to WalMart and you will see everything is made in China.
Apply for a job at WalMart and you will offered one at the minimum wage. Do you think you can make $7.25 an hour and not be poor?
How much profits have the major oil companies made in the past four years, since the current economic downturn?
It's funny how the liberals DO believe the economy was all one man's fault whenever someone says it was all the fault of Bush. But when it comes to Obama, there's nothing at all a president can do to help an economy.
Obama is an open borders globalist. He's doing all he can to encourage cheap labor illegals to come over and millions of unemployed Americans doesn't deter him. He's a puppet of his cheap labor globalist masters, and so was Bush.
It's funny how the liberals DO believe the economy was all one man's fault whenever someone says it was all the fault of Bush. But when it comes to Obama, there's nothing at all a president can do to help an economy.
Obama is an open borders globalist. He's doing all he can to encourage cheap labor illegals to come over and millions of unemployed Americans doesn't deter him. He's a puppet of his cheap labor globalist masters, and so was Bush.
The president is ultimately responsible for the actions of his administration and the consequences of those actions.
Obama was able to blame Bush for a year. Now he owns this mess, as he has made the economy only worse. The problem? He is wed to Keynesian principles which have failed and he is unable to change. If Obama came clean, realized that his core economic beliefs were wrong, and started taking real measures to stimulate the economy (i.e.- getting less government intervention and taxes), he would gain support. However, he will not change and so will lose the election.
The president is ultimately responsible for the actions of his administration and the consequences of those actions.
Obama was able to blame Bush for a year. Now he owns this mess, as he has made the economy only worse. The problem? He is wed to Keynesian principles which have failed and he is unable to change. If Obama came clean, realized that his core economic beliefs were wrong, and started taking real measures to stimulate the economy (i.e.- getting less government intervention and taxes), he would gain support. However, he will not change and so will lose the election.
The topic is the poverty rate. If one reviews the facts and evidence (what a concept) you will see that the poverty rate increase didn’t begin with Obama but was on an upward trajectory through the “Bush boom”, and have merely continued that rise. Obama was able to blame Bush for good reason. The working person's income started the slide when Bush became president.
As the government cut taxes for the wealthy and the nation continued to become non-union, real income of non-elderly households fell, starting in 2000.
...and the trend in employer provided health coverage follows the same pattern:
The president is ultimately responsible for the actions of his administration and the consequences of those actions.
Obama was able to blame Bush for a year. Now he owns this mess, as he has made the economy only worse. The problem? He is wed to Keynesian principles which have failed and he is unable to change. If Obama came clean, realized that his core economic beliefs were wrong, and started taking real measures to stimulate the economy (i.e.- getting less government intervention and taxes), he would gain support. However, he will not change and so will lose the election.
Americans need to wake up -- fast -- to that fact that all this is carefully being planned out.
We are only viewed as the big consumers, even spending our hefty unemployment checks on the cheap foreign products and going to stores and restaurants that bring in countless illegals to work much more cheaply than we can and as the taxpayers that subsidize all this.
And it's not just Obama, in Perry's state, the borders are wide open to all takers.
The government finances this project -- and they know immigration rates are actually higher than ever, but they will report immigration is down when it's convenient. We have hundreds of thousands of people arriving over the border, in spite of high unemployment rates of American citizens.
good post
the concept of "poverty" in america includes cell phones, cable and air con.
there is french "poverty" and there is american poverty.
been there done that. after french poor --american poor looks great.
as to state of the nation, now UIB is extended, voted by congress last july, in some states up, to 8 years.
this is not a recession of our economy, its a contraction. those job are gone and not coming back thanks to off shoring of our jobs.
strange-- american labor is anti labor, they just hate unions, who fight export of our jobs and cutting of our benefits and pay.
the repeating pattern in the jobs i have been in---
management announces a crisis, cutbacks and rollbacks and layoffs. then they "save" us--- freeze hiring and wages and reduce benefits.
we agree
next morning they bulldoze all building over 60 years old, build new ones,(pay cash!!) and vote all the managers a bonus.
u think i make this stuff up don'tcha.
WASHINGTON (AP) — The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.
Unemployment is up.
People on food stamps is up.
Mortgage defaults are up.
People living in poverty is up.
The homeless population is up.
US debt and deficit spending is up.
Corporate cronyism is up.
Waste, fraud and abuse of taxpayer money is up.
Pretty much anything that should be down is up, and everything that should be up is down. He truly is an 0bamanation as a president. But hey, "If you love me, you got to help me pass this bill." It's now "Hope, Love and Change.
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