Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, September 22, 2011

Shocking Number!

Sixty percent of independent voters say Obama bears the blame for the dismal economy—a 32 point increase since Gallup first posed the question in July 2009.

from: http://news.yahoo.com/blogs/ticket/more-voters-begin-blame-obama-struggling-economy-145038556.html

Wednesday, February 2, 2011

Leaving the Dollar Behind?!!

We truly are living in unprecedented times...

from: http://www.wnd.com/index.php?fa=PAGE.view&pageId=258069

WASHINGTON – Virginia state Delegate Robert G. Marshall has introduced legislation to study whether the Commonwealth should make the preparations now to switch suddenly to an alternative currency in the event of an implosion of the Federal Reserve System and the destruction of the dollar.

House Joint Resolution 557 is another piece of a growing movement among state legislators who are concerned about the dollar's demise. Ten states have considered similar bills, recommending a return to some form of a commodity-based currency, using either silver or gold.

Saturday, July 24, 2010

Federal Deficit and Bad Economy Not Going Away Anytime Soon!

from: http://news.yahoo.com/s/ap/20100723/ap_on_bi_ge/us_budget_deficit_2

WASHINGTON – New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends. That's actually a little better than the administration predicted in February.
The new estimates paint a grim unemployment picture as the economy experiences a relatively jobless recovery. The unemployment rate, presently averaging 9.5 percent, would average 9 percent next year under the new estimates.

Wednesday, March 17, 2010

US Military Concerned about Deficit

As I've said, we cannot afford this Health Care Bill. Start over. This WILL sink us.

With the Obama administration pressing for a government takeover of one-sixth of the U.S. economy to grant health-care benefits to all Americans, the U.S. military is worried that the United States is already losing the ability to afford national defense.

The deteriorating international trade position of the U.S. as documented by the CIA is a national security concern by the U.S. military, according to the Joint Operating Environment 2010 report, or JOE 2010, released Monday by the United States Joint Forces Command, or USJFCOM.

The CIA World Factbook lists the U.S., with a negative current account balance of $380 billion, in last place among 183 nations in 2009. China, in contrast, is listed as No. 1, with a positive current account balance of $296 billion.

Nor is the United States position in international trade improving.

The U.S. Department of Commerce Bureau of Economic Analysis reported in December that the U.S. current account deficit increased to $108 billion in the third quarter of 2009 from $98 billion in the second quarter of 2009.