Tag Archives: spending

RACING IN THE STREETS: Catastrophic Spending: Change You Can Believe In.

Stumping on behalf of Barack Obama during the 2008 Presidential contest, rocker Bruce Springsteen’s oft-heard plea to voters just before belting out his campaign anthem “The Rising” was, “I want my country back”. Well, we don’t know if the Boss got his country back or not, that’s up to him. But, what we do now know as this “Reign of Change” barrels on down the highway towards the 2012 election is this,”The Rising” was eerily prophetic… Which, might help explain why so many fans of “The Boss” used their “Cash For Clunkers” refund as down payments on one of these street racers…

EDITOR NOTE: The following article mentions the Tea Party and other Patriot groups organizing on the grass roots level for the upcoming 2012 election cycle. As a single-issue voter for life in defense of unborn children, I’ve been troubled recently by reported actions of Tea Party members preventing the pro-life message at Tea Party rallies. This site does not support nor advocate on behalf of any political party or candidate unwilling to defend the right to life… 

Catastrophic Spending: Change You Can Believe In.

Vic Biorseth, Thursday, April 28, 2011
http://www.Thinking-Catholic-Strategic-Center.com

We have contended in the past that much if not most of the economic problems America and the world are encountering may be purposely caused, by plan, involving multiple fraudulent, manufactured crises, and we have laid out our evidences. However, the economic situation is now beginning to get so precipitous that we might better focus on pure numbers, and leave motivations out of it altogether.

Let’s just look at what has happened, since January 2009 until today:

Item: January 2009 Today % Chg
Avg Retail Gasoline / gallon $1.83 $3.44 84%
Gold / troy oz $853.25 $1,369.50 60.5%
Corn, Yellow $3.56 $6.33 78.1%
Soybeans, No 1 $9.66 $13.75 42.3%
Sugar cane, raw $13.37 $35.39 164.7%
Unemployment, non-farm, overall 7.6% 9.4% 23.7%
Unemployment, blacks 12.6% 15.8% 15.8%
Number of Unemployed 11,616,000 14,485,000 24.7%
Federal Employees 2,779.000 2,840,000 2.2%
Median Household Income $50,112 49.777 -0.7%
Food stamp recipients 31,938,716 43,200,878 35.1%
Unemployment recipients 7,526,598 9,193.838 22.2%
Long-term unemployed 2,600,000 6,400,000 146.2%
Americans in poverty 39,800,000 43,600,000 9.5%
Failed banks 140 164 17.1%
US Dollar supply (M1) in billions 1,575.1 1,865.7 18.4%
Us Dollar supply (M2) in billions 8,310.9 8,852.3 6.5%
National debt in trillions $10.627 $14.052 32.2%

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When you put everything aside other than the raw numbers, you see that something absolutely must be done. Just considering debt alone, we have accumulated debt since January 2009 at a rate 27 times faster than our entire national history. Look less at the actual debt, which is bad enough on its own, but concentrate for a moment on the rate at which it is accelerating. If you were cruising along at 65 mpg and you were passed by a car going 27 times faster, that car would be doing about 7,555 mph.

To say this cannot be sustained is a radical understatement of the case. Of all the serious crises we face of various type – borders, unemployment, social, political, international, military, geo-political – this economic crisis is the one that is most likely to do us in as a nation.

The spending has got to be stopped.


At the grass-roots level, Tea Party and Patriot Group activities continue in recruiting volunteer citizen lobbyists in the local area. They are looking for people, perhaps retired, who can devote the time required to become a non-paid (and therefore non-registered) lobbyist, at the local and state levels. These volunteer lobbyists need to not only promote fiscal conservatism, but to find or identify, and promote and support citizen candidates for office, at all levels. The most important level, believe it or not, is the lowest. The local political arena is the seedbed, or the greenhouse, in which higher representatives are developed for higher office.

Organizers are looking to get citizens who will commit to camping out at town halls and attending all meetings; to getting familiar with office holders and contenders, and to getting the voice of conservatism heard. Large and small city halls, and the state house are all in need of knowledgeable citizens who are motivated enough to commit to this as if it were a job.

Most lobbyists, we have learned, are highly paid registered professional lobbyists, and a significant number of them are lovely young women. (I wonder why.) They get the attention of the holders of power, and they jealously hold it. They camp out at congressmen’s doors. But, we have learned, if you are not paid, you don’t have to register, and you can do the same thing, in a more decent and respectable way.

If you choose to do this, you will learn that the holders of power will tend to respect you and to listen to you in spite of all obstacles, because there is one thing they fear.

They fear the voters who you represent. The one thing they fear is political defeat.

Think about it.

Oregon Study: Economic stimulus package did little to solve unemployment; state’s figures are distorted

Oregon Unemployment 2009 — Beginning: 9.9; Ending: 10.7 U.S: 7.79.7

Source 

 

By Harry Esteve The Oregonian March 15, 2010 2:00 AM

PORTLAND — State officials boast more than 7,500 jobs have been “created or retained” by the 2009 Legislature’s trumpeted economic stimulus package, a feat just shy of the 8,000-plus jobs reported for Oregon under the far bigger federal stimulus program.

Yet Oregon reports spending about $93 million so far compared with $1.3 billion — yes, with a “b” — in federal stimulus spending in the state.

The state makes an eye-opening claim, and raises an obvious question: How did the “Go Oregon” package, as it is called, outperform the federal program by such a huge margin?

The short answer: It didn’t.

An analysis by The Oregonian shows that, on average, Go Oregon jobs lasted about two weeks and did little or nothing to dent the state’s bleak employment outlook. It also shows the state counted anyone working on a stimulus-related project as a job, regardless of whether the worker was already employed and in no danger of being laid off.

Furthermore, one in four workers employed in Go Oregon jobs was not a resident of the state. The analysis also shows a disproportionately high amount of the stimulus money was spent in Marion and Polk counties — two areas of the state favored by Senate President Peter Courtney, D-Salem, who championed the measure….

Get the rest of the story at the: SOURCE

Telegraph UK: Barack Obama seems unable to face up to America’s problems

 The end of the road for Barack Obama?

 By Simon Heffer

It is a universal political truth that administrations do not begin to fragment when things are going well: it only happens when they go badly, and those who think they know better begin to attack those who manifestly do not. The descent of Barack Obama’s regime, characterised now by factionalism in the Democratic Party and talk of his being set to emulate Jimmy Carter as a one-term president, has been swift and precipitate. It was just 16 months ago that weeping men and women celebrated his victory over John McCain in the American presidential election. If they weep now, a year and six weeks into his rule, it is for different reasons.

Despite the efforts of some sections of opinion to talk the place up, America is mired in unhappiness, all the worse for the height from which Obamania has fallen. The economy remains troublesome. There is growth – a good last quarter suggested an annual rate of as high as six per cent, but that figure is probably not reliable – and the latest unemployment figures, last Friday, showed a levelling off. Yet 15 million Americans, or 9.7 per cent of the workforce, have no job. Many millions more are reduced to working part-time. Whole areas of the country, notably in the north and on the eastern seaboard, are industrial wastelands. The once mighty motor city of Detroit appears slowly to be being abandoned, becoming a Jurassic Park of the mid-20th century; unemployment among black people in Mr Obama’s own city of Chicago is estimated at between 20 and 25 per cent. One senior black politician – a Democrat and a supporter of the President – told me of the wrath in his community that a black president appeared to be unable to solve the economic problem among his own people. Cities in the east such as Newark and Baltimore now have drug-dealing as their principal commercial activity: The Wire is only just fictional.

Last Thursday the House of Representatives passed a jobs Bill, costing $15 billion, which would give tax breaks to firms hiring new staff and, through state sponsorship of construction projects, create thousands of jobs too. The Senate is trying to approve a Bill that would provide a further $150 billion of tax incentives to employers. Yet there is a sense of desperation in the Administration, a sense that nothing can be as efficacious at the moment as a sticking plaster. Edward B Montgomery, deputy labour secretary in the Clinton administration, now spends his time on day trips to decaying towns that used to have a car industry, not so much advising them on how to do something else as facilitating those communities’ access to federal funds. For a land without a welfare state, America starts to do an effective impersonation of a country with one. This massive state spending gives rise to accusations by Republicans, and people too angry even to be Republicans, that America is now controlled by “Leftists” and being turned into a socialist state.

Read the rest of the story at: The end of the road for Barack Obama? – Telegraph