cabaretewilliam

U.S. Jobs Propaganda Gets More Desperate

The American middle class will shrink and dissapear. You cannot keep paying unskilled labor to make cars at $70 per hour, when the cars are being made in Asia at $5 per hour. Typical of King Obama, he will freeze exec pay but give the Autoworkers NO reduction, just a freeze in pay at $70 an hour. End result will be these jobs too will dissapear when the gov. money runs out, and it will.

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

One thing the article missed. The interest paid on the One billion borrowed, and the 2-3 more billion they are going to ask for. That will more that double the cost. Assume that these borrowed dollars are paid back in 50 years, a good assumption. It will mean a cost of $200,000 per car sold!

Give Obama 40 More Years in Office!

Most of this article's charts cover 50 years or more. It took the US a long time to wander this far into the woods: it may take 50 years of effective and farsighted leadership to undo the harm that has been done. This is a democracy. If Americans select effective and farsighted leaders, along the lines of Obama, then great things are possible. (Tom)

Really now, Tom. The charts show that the DEBT is the problem and Obama is adding to it more than any president in 200 years. Great things are impossible when Pres. Obama ignores the cause ands the problem. It would take 5-10 years of restriant but we have Obama's excess and tax the middle class!

Unconventional Wisdom: Consumers Are Reducing Debt in Recession

The above comment - spend more- leads right back inbot the mess. Save and spend what you have saved!

As GM Goes, So Goes the Nation (Part 2)

Good article. One vital dimension is absent. A favored nation that turns it's back on God will pay the price. The accepting of easy divorce, adultry, fornication, homosexual choices, greed, unethical business, porn etc. is all a part fo the breakdown. The Calvinst "Work is good" ethic was replaced with "The gov. or my employer OWES ME". The USA - and the West, is where it is at because of all of the above. God has in the past given great empires over to stupidity. The USA may recover, but I doubt it.

What Would a 21st Century Depression Look Like?

A recession is when my neighbour loses his job. A depression is when I do. Seriously, here are some differences between 1930 and 2009. Back then they patiently lined up for soup and bread. Now the hungry hordes will take clubs to the stores and steal what they want. Back then those responsible for lost fortunes jumped off of high buildings. Now those responsible accept millions in bonuses and put their money in the Cayman Islands where they can be found on the beaches and golf courses. Back then a WWII pulled the country out. Now.....

What Happened to the American Dream?

redbaron: There are many suggested solutions in the article. Read it again. The most basic oneis a retunr to capitalism, rejecting defacto communism, which Clinton/Bush/Obama all support.

7 Arguments Against a Quick Recovery

What the Rep's should be shouting out every day is "It's the DEBT stupid" until main street gets it. You did a great job of explaining things. Now we need to get the message out.

Could the Dow Fall to 1600?

Time to buy some condos and villas in the emerging economy of the Dominican Republic. caribbeanrealty.ca Construction here is still booming, though I would expect a short slowdown in the next year. there are 86 million Babyboomers starting to retire right now. Enough of them have money to move south, and prices in the DR are at 50% relative to other islands. Check it out.

Living on $500K a Year?

They seem to be rewarding failure with all those bonuses. That is communism, not capitalism.

What Shape Will Recession Take?

The best quote in the last weeks, on this site, "We are now using communism to rescue capitalism". In the former USSR, the governments got rid of all state owned businesses. In the USA the government is buuying them all up but only after they have been run into the ground as worthless. Brilliant!

The Coming Economic Collapse, Part 1

(in reality the american families are much more broke than in 1929!!!)

The diff: now 90% of people do not know how to plant or harvest a bean and have no connection to the land.

Federal U.S. Debt Has Ballooned to Over $100 Trillion!

Leave behind the 11 TRILLION debt. Move to the emerging economy of the Dominican Republic. Live almost tax free. Good cheap health care is here.
Wm.
caribbeanrealty.ca

AIG Bonus Outrage Only Grows Worse

Put all of those execs in labour camps for ten years. If they had screwed up in China they would be shot.

Socialized: The Other Buzzword

Another example of using communism to try to rescue capitalism, and in the end replace capitalism!