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POPSYou Owe $455,000 * “People seem to think the government has money,” said former U.S. Comptroller General David Walker. “The government doesn’t have any money“ * The United States Department of the Treasury and the Office of Management and Budget published a report stating that the U.S. cannot grow our way out of the government’s liabilities, that the liabilities are quickly growing, and that failing to take drastic and immediate action would lead to very bad consequences (the report was written in 2006) * The International Monetary Fund - which oversees third-world economies - are so concerned about the solvency of the U.S. economy that they are conducting a complete audit of the whole US financial system If you owed $455,000, you might very well have to file for bankruptcy, unless you had some rich uncle who could bail you out. But if your uncle had bailed you out numerous times in the past and if you had consistently broke your promises to re-pay him - he’d probably cut you off
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POPSThe buck doesn't stop here; it just keeps falling Brought to you by our friends at the federal reserve. Imagine that "nutjob" republican who during the debates said he wanted to abolish the federal reserve, stop printing fiat money, and return the US to a sound monetary policy, what a kook, huh! Of course those words were greeted with laughter from McCain, Guiliani, and others! Now I see why...
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POPSAmericans Need Not Apply Corporations that were formerly thought of as great American companies have betrayed their home and their people and now wave the banner of globalist corporations instead of the American flag. They have no loyalty to the American worker who has grown old in a lifetime of service to their corporations. And they have no sense of obligation to the generations who now seek a future with them. Governmental departments like the FDA are to blame for lowering safety standards and not having the courage to hold politicians and corporations accountable when safety and standards are compromised. They are too weak to demand proper funding so safety measures can be assured. The link below will lead you to a site that lists American products proudly made by American workers. While you are there, visit the site in total for it is a treasure trove of information. http://www.devvy.com/made_inthe_usa.html
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POPSThe Big Promise of Elections '08 = More War! More Debt! Both McCain and Obama have made it clear, (as Obama has stated) "War with Iran is not off the table." But if we listen, both have also spoken about going into Pakistan, about "protecting Israel" no matter the cost, and even if it involves military action. So what the elections have come down to, on both the left and the right, is that there is no anti-war candidate left, nor is there one who seems to have any ideas that will rescue the economy and recover the increasing deficit.
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POPSMore "Free" Money! More economic proposals to come: Obama in his speech criticized his Republican rival, John McCain, for proposing to extend all of President Bush's 2001 and 2003 tax cuts. But Obama himself has taken a page from Bush's playbook on taxes. Obama has pledged to keep the tax cuts in place for everyone except those making roughly $250,000 and up. He has also made proposals to cut taxes further for the middle class, some of which he reiterated in his speech: exempt seniors making less than $50,000 from having to pay income tax; give a tax credit worth up to $500 per working person ($1,000 per family) to offset the Social Security tax on the first $8,100 of earnings; and expand the earned income tax credit. To boost retirement savings, he has also proposed a 50% federal match on the first $1,000 of savings for families that earn under $75,000. ****Vote 4 Me, I'll give you more free money!
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POPSMexico Isn’t Feeling the U. S. Economic Slump
Bound to the United States by history, geography, immigration, trade and investment, Mexico’s fortunes have long been linked to the US. The U. S. housing industry, for example, which employs one in five Hispanic immigrants, is in a slump, resulting in a marked slowdown of remittances sent to Mexico. A prolonged U. S. downturn would undoubtedly hit Mexico hard. Still, the nation’s economy is holding up well. The Mexican bolsa (stock) index is up 14.5 percent so far this year. The peso is strong: At the first of the year, $1 could buy nearly 10.9 pesos; now $1 buys a little over 10.3 pesos. While Mexico still ships about 80 percent of its exports to the United States, its farmers and manufacturers are looking for new customers in Asia, Europe and the rest of Latin America. During the first quarter, Mexican exports to the U. S. grew slightly more than 16 percent, while shipments to the rest of the world grew at twice that pace, 32 percent. Exports to Europe grew by 56 percent.
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POPSForbes: Canada's Economy Resilient Original title was "U.S. Slump Spreading To Canada?" but the article seemed to bear better news than that title suggested, at least for our neighbors in Canada. Good news.
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POPSGov't Regulating the Market Is Not The Answer "A Government Failure, not the market's". Who will correct this? Both Obama and McCain believe Government regulation is needed for when markets fail. Both are either ignorant of or compliant with the root causes. Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
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POPSGas, Food, Lodging! SCAM Gas crisis, Food crisis, Housing bubble, and we are ON! Globalisation here we come, welcome to the new world order, please check your weapons at the door!
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POPSA Joke or a Fantasy Observing how McCain’s budget numbers simply don’t add up, Newsweek’s Daniel Gross noted, “McCain’s fiscal program is either a joke or a fantasy.” Now, McCain’s top economic adviser is admitting that McCain will essentially run away from the $400 billion budget deficit as president.
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POPSGet a Grip on Your Cash In 2006 dollars, the minimum wage was $9.50 before the 1971 breakdown of Bretton Woods. Today that dollar is worth $5.15. Congress congratulates itself for raising the minimum wage by mandate, but in reality it has lowered the minimum wage by allowing the Fed to devalue the dollar. We must consider how the growing inequalities created by our monetary system will lead to social discord. The dollar today is worth only four cents compared to the dollar in 1913, when the Federal Reserve started. This has profound consequences for our economy and our political stability. Government officials consistently claim that inflation is in check at barely 2%, but middle class Americans know that their purchasing power--especially when it comes to housing, energy, medical care, and school tuition-- is shrinking much faster than 2% each year.
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POPS Comprehensive Economic Revitalization Plan Here are a few of the plan's basics: Eliminate Taxes on Social Security Benefits. That money belongs to seniors, not the government. They paid into the system for a lifetime, and they should be free to spend every penny as they see fit. * Pass H.R. 192 to amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits. # Eliminate Taxes on Tips.The single parents and working students who earn their income chiefly through tips deserve to keep all of their money. This tax on "estimated income" is unfair and should be ended. * Pass H.R. 3664 to amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes. Reduce Overseas Military Commitments. Our bases and troops should be on our soil. * It's time to stop subsidizing our trading partners in Europe, Japan and South Korea.
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POPSWhat's The Plan? I see many comments by Hillary, but no real plan, other than spend the money somewhere else! This does not solve the issue of our deflating dollar!
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POPSAre we Better Off Today Than 8 yrs. Ago FactCheck: Said--then denied--he needed economics education. Russert claimed that McCain had repeatedly said, "I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated." McCain responded, "Actually, I don't know where you got that quote from. I'm very well-versed in economics."Russert's quote comes from a 2005 interview with the Wall Street Journal on Nov. 26, 2005: "I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated." The Chicago Tribune quoted McCain talking to reporters on Dec. 18, 2007: "The issue of economics is something that I've really never understood as well as I should. I understand the basics, the fundamentals, the vision, all that kind of stuff." ...obviously!
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POPSWhile Rome Burned... Analysts say that the central bank may also have to lower interest rates when its policy makers meet on 18 March. The Federal Reserve has already slashed rates to 3%, from 4.25% at the beginning of the year to stabilise the world's biggest economy. "The Fed is going to ease monetary policy - the question is how often and how fast," said David Resler, chief economist Nomura Securities International.
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POPSThe Plunge Protection Team I linked the clip to three articles of interest to give a better idea as to what the "PPT" is. They are quite informative, and give us a chance to look beyond the "smoke and mirrors", and see what's there.
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POPSForbes Ask Candidates to Respond, One Did The reader comments to this article say a lot as well, and are interesting to read. http://rate.forbes.com/comments/CommentServlet?op=cpage&sourcename=story&StoryURI=2008/03/04/election-economy-paul-oped-cx_rp_0304ronpaul.html Many people will do as I am planning to and write in Ron Paul if necessary, I cannot in good conscience, vote for any other candidate I have seen so far. Ron Paul is my only choice. Still!
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POPSIt's The Neoconomy, Dammit! In other words, the few enjoy a rich lifestyle while the many share subpar incomes and poverty. Another characteristic of Third World countries is that a major portion of their fiscal expenditures is allocated to the military. In many Third World countries, the military is controlled by an elite or a small collection of the wealthy. Finally, in many Third World countries one finds that leadership is passed from one generation to the next, often via a close relative. Guess what country we are talking about now? Be thoughtful when casting your ballots! Only one candidate has a clear grasp of what needs to be done to return us to a sound economy, and they are being pushed aside by the elitist CFR members (both Dem and Rep) who will further our push into third world economy and dictator style governing.
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POPSReverse Immigration “You put it all together, and why should you stay in an environment like that if you have a place like Brazil, where there’s hope, a light at the end of the tunnel and it’s not a train to run you over?” said Pedro Coelho, a businessman in Mount Vernon, N.Y., who is known as the mayor of Brazilians in Westchester County. “Are they leaving? Yes, by the hundreds.” In Massachusetts, says Fausto da Rocha, the founder of the Boston-area Brazilian Immigrant Center, his compatriots — many here illegally — are leaving by the thousands, some after losing homes in the subprime mortgage crisis. In New York and New Jersey, travel agents and others who sell airline seats say that one-way bookings to Brazil have more than doubled since last year, to about 150 daily from Kennedy International Airport, and that flights are sold out through February. Read the article at the source.
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POPSYou Call That Compassion? 6 BILLION dollars sent to Mexico from "guest workers" here (yes, and yearly) That "giant sucking sound" Ross Perot spoke of years back was the balloon of our economy deflating." Not only that but Mexico's former President Fox was trying to TAX that $$ at 35% by amending their constitution, I don't know if he did it, probably though. Even better, did anyone wonder why the banks started giving accounts and credit cards to illegal immigrants? They wanted a piece of the action, why else! Some charge between $80 to $100 dollars per $300 transferred or wired. You understand that Corporate America and their elitist politican enablers don't care about who works for slave wages, right? Why do think we have a department of immigration with a few rules in the first place? No matter how many hours you might try to work, $3-$5 an hour is not going to put food on the table for their families! And this is what some so-called compassionate people are defending! SLAVERY AS SOCIALISM!
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POPSImmigration by the numbers The video seems to find even legal immigration to be detrimental to the US future, I am more concerned with the illegal numbers. I have no problem with legal immigration. Interesting, (possibly alarmist, however?) video and statistics.
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POPSBush: War Criminal's Crimes; Mass Murderer; WarMonger, Bush wants to murder more. We have to kill Iranians "over there," Bush says, "before they come over here." There is no possibility that Iranians or any Muslims who have no air force, no navy, no modern military technology are going to "come over here," and no indication that they plan to do so. The Muslims are disunited and have been for centuries. That is what makes them vulnerable to colonial rule. If Muslims were united, the US would already have lost its army in Iraq. Indeed, it would not have been able to put an army in Iraq. Lacking US troops with which to invade Iran, the Bush administration has decided to bomb Iran "back into the stone age." Punishing air and missile attacks have been designed not merely to destroy Iran’s nuclear energy projects, but also to destroy the public infrastructure, the economy, and the ability of the government to function. ... http://www.lewrockwell.com/roberts/roberts222.html
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