Sunday, September 5, 2010

Morning Rant

Current US Statistics:

40 million on food stamps
50 million medicaid
75 million have credit scores below 600
8 months to find a job (average)
60% living paycheck to paycheck
80% of college grads have moved back in with their parents

The obama administration declared that this would be the "Summer of Recovery!"  The stock market dropped, orders for durable goods dropped, taxes increased and unemployment rose while under-employment is near 25% in many major metropolitan areas such as Los Angeles. Nationally the under-employment numbers are brighter - only 20% (LINK).

As near as anyone can tell, the trillion dollar stimulus did nothing substantive. The bulk of the funds were distributed to wealthy cronies of the Democratic Party, who became wealthier. Now, the Democrats have decided that they didn't spend enough money on "stimulus" and want to borrow another trillion or two trillion do dump into their foolish "programs". A trillion dollars is a LOT of money to waste.

And Nero fiddles and goes on extended vacation after extended vacation while Rome burns.


Opus #6 said...

Sobering facts.

LL said...

The country is in jeopardy.

WoFat said...

The country IS in jeopardy, and I fear our president knows it and really doesn't give a rat's booty.

darlin said...

What a mess. Why is it that the rich get richer and the poor are on food stamps? Something just doesn't add up when it comes to politics with me. Do you think that there is some sort of a "fix" besides the obvious? How does a country get back on track after such devastation?

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