Thursday, July 31, 2008

Unemployment Numbers Are Low But Those Now Working Part Time Soars

The number of workers cut to part time hours soars.
The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million — the largest figure since the government began tracking such data more than half a century ago.
This is the result of an economy built on a house of cards that has finally come crashing down. The middle class are surviving on credit that many are unable to pay back.
The loss of pay has become a primary source of pain for millions of American families, reinforcing the downturn gripping the economy. Paychecks are shrinking just as home prices plunge and gas prices soar, furthering the austerity across the nation.

"I either stop eating, or stop using anything I can," said Marvin L. Zinn, a clerk at a Walgreens drugstore in St. Joseph, Mich., who has seen his take-home pay drop to about $550 every two weeks from about $650, as his weekly hours have dropped to 37.5 from 44 in recent months.

Mr. Zinn has run up nearly $2,000 in credit card debt to buy food. He has put off dental work. He no longer attends church, he said, "because I can’t afford to drive."
If you think this can not happen to you, you are sadly mistaken. How did we get here? We got here by electing the most destructive administration in our history. They destroy everything i their path except of course for their cronies who have enjoyed unprecedented financial gain at your expense. Why is this next election even close? Do we all want a repeat of the Great Depression? I can tell you our economic fundamentals are the closest to depression era statistics since that awful period in our history.

We have a negative savings rate for the first time since the Depression. The most home foreclosures in our history and we are now the largest debtor nation on earth. We are also considered a pariah nation by billions all over the earth. This is the destruction that has been perpetuated by this criminals. Just remember John McCain voted over 90% of the time for Bush Administration policies that got us into this mess. Do you really think he will be any better? Wake Up America before it really is too late.

Monday, July 28, 2008

Record Budget Deficit Expected in 2009

Nice work George, you took a record surplus and turned it into a record deficit.
The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday.

The administration said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession.

But the numbers could go even higher if the economy performs worse than the White House predicts.
Also you need to remember that this deficit DOES NOT include the wars in Iraq and Afghanistan which are handled as supplemental expenses and are not included in the numbers.

This administration has destroyed the economic security for the next generation. We will soon see the baby boomers retiring without the pensions that their parents enjoyed. We will see a huge jump in the elderly living in poverty but the rich will have grown even richer. When will the American people wake up and understand that the middle class has become the working poor with a credit line and with credit so hard to come by soon they will just be the working poor. War, lies, poverty and corruption will be the words that define the Bush administration and we as a country will be paying the price for the next generation.

Sunday, July 27, 2008

McCain Takes Money From Big Oil To Change His Position on Off Shore Drilling.

Do you still believe that maverick crap?
Campaign contributions from oil industry executives to Sen. John McCain rose dramatically in the last half of June, after the senator from Arizona made a high-profile split with environmentalists and reversed his opposition to the federal ban on offshore drilling.
This man will do anything and say anything to be elected President. He has flip flopped on every issue imaginable but now he has changed his tune to get some money in his campaign coffers. I'm sorry but to me that is bribery plain and simple and taking a bribe is illegal.

When will the media play fair and expose this blatant corruption?