15.6% Unemployment?

What would happen if you woke up tomorrow and read that unemployment soared to 15.6%? How do you think the stock market would react to that? I would surmise that we would have a total collapse.

For years, I mentioned how we cannot believe any of the statistics coming from the government. I always pointed to the inflation stats as proof: the government only charts "core" inflation which excludes food or energy prices. How can that be? Aren't these the two things that every family needs. The run up in oil prices last summer showed how families are affected even when "inflation" is contained.

Now, the vital statistic is the unemployment figure. This is the number believed to reflect the state of the economy. With last weeks announcement of March job loses, we are not at 8.5% unemployment. Or are we? Remember, we cannot believe the government's statistics.

There is another statistic which presently sits at a much higher number: 15.6%. It is the underemployment figure. The national unemployment rates only account for those who are filing or receiving unemployment benefits. Part time workers are excluded from those figures. So too are those who dont fit the criteria to file for unemployment.

Here is an article which spells out the true situation.

As you can see, there are a lot more people who are out of work than reported by the government. This articles explains how some of those in the 15.6% category are underemployed by working part time. Yet, there are also those out of work who do not receive benefits. How many are these? Do they add 1% to the unemployment figure? 2%? 4%? We do not know.

What we do know is there are a lot more people out of work than reported by the government. One sector rarely mentioned is the small business owner who closes up shop. This person is usually ineligible for unemployment compensation. Therefore, every small shop that closed up in the last year most likely put someone out of work. In my town, there are dozens of places which I know about that are no longer there. Where did all these people go? Some might have found other jobs. However, my guess is that most did not.

The point that I am making is that the unemployment situation is much worse than the government is letting on. True unemployment is already hovering around 10% (perhaps greater). When coupled with those who took a cut in hours thus becoming part time, we see that number jump to 15.6%. This is the number that the government ought to track. Yet those in charge do not want it out how bad things really are.

Do not believe the government. Those who are in charge are corrupt and will lie to protect their interests. The fact that the employment situation is twice as bad as they let on is an indication that they care little for the American people. Someday people might realize the government is their enemy.

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Just Like A Drug Addict

'"We are all Jonesing now for money", Mr. Ammiano said...'

Money is like a drug to the government. Once they get a little, they want some more. To them, there is never enough. They are like a heroin addict.

We are seeing how this addiction has caused the nation to go into crisis. States like California have spent money like there is an endless supply. This is typical of most states who were run by tax and spend politicians (which most of them are). These people feel entitled to the people's money. It is their belief that how much they spend is of little consequence.

What is amazing is when one actually admits to their addiction. A recovering drug addict will freely tell of all he or she went through to get high. It often is not a pretty story. Here is an article which tells of some of the things that one political leader went through to get more money out of the taxpayers. The analogy is almost eerie.

Now that there is financial turmoil, the politicians are looking for new ways to raise money. Everything they can tax will be taxed. It is that simple. A heroin addict will steal your television to score some dope. A politician will tax the hell out of the people so they can keep spending. It is like it is in their DNA.

This is going to occur at every level of government. The local governments are going to increase property taxes while the states are doing all they can to up their portion. And, the Feds? Well they are running a $1.75 trillion deficit. Do you think that 95% of the people will see a tax decrease? This is pure propaganda. We are in the middle of the largest redistribution of wealth this country ever saw. There is no way for it to be avoided. Money is going to move from the private sector to the government doles quicker than ever before.

This is highway robbery; plain and simple. These people belong in jail. If they were in the private sector, they would be facing prosecution. Perhaps it is time that our political leaders were held accountable for their actions.

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Bush The Socialist

George Bush, not Barack Obama, will go down as the President who started the trend towards Socialism. It was under his command that the largest government intervention took place. Who would have imagined even this time last year that the Federal government would have controlling interests in the banks with the possibility of acquiring stakes in the automobile manufacturers. To those who believe in the principles that made the United States the world leader, this is nausiating.

The Bush Administration will be known for their incompetance. They failed miserably in leading this country. Everywhere one looks, there are signs of another failed Bush nominee. The latest revelation regarding Madoff once again shows how the SEC was non-existent. At the same time, Paulson is running the Treasury like it is his own personal checking account. These two entities are at the heart of the financial mess.

Now we get Obama. I give him credit; he doesn't hide his Socialistic beliefs. He never denied his high regard for the Marxist professors in college. Obama is a believer in big government. He also thinks it is the only entity which can solve problems. Sadly, he is completely mistaken. The governments track record is one of failure. This is the latest in a series of programs that do not work.

What went largely unnoticed (or ignored) by the mainstream media is that Bush gave oversight to foreign entities at the recent summit with the other world leaders. Now, they can probe into United States insitutions to decide if we are operating properly. This is a radical move towards a world government. I do not believe this is what the Founding Fathers had in mind. Welcome to the New World Order.

So, what can we expect to have happen? Have faith that no matter what Obama and Congress set forth, it will not work. They are trying to solve economic issues by throwing money at it. We have seen this movie before. By this time next year, life in America will be radically different. If you want to see what it is like, go look at England or France. This is the model our respected leaders will follow.

Socialism is on the agenda and we have George Bush to thank for starting that movement. Another 60s child bites us in the ass.

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Mark Cuban-Corrupt?

Like other blogs, I am not going to turn this into a "Mark Cuban Bashing Session". It seems that many out there are ready to convict him based upon an indictment for insider trading. At this point, nobody can say what happened. As a believer in the foundation our forefathers established, Cuban is innocent until proven guilty. His day in court will come.

The reason I refer to this situation is it, once again, shows the corruption that can occur among the powerful. Naturally, this is a different situation than my writings about politicians since Cuban operates in the private arena. He was not entrusted to represent the public in any position.

We see this a lot in private business. Recently, we had Martha Stewart and Ken Lay who were found guilty of manipulating the markets. This is a corrupt act which needs to be punished. If Cuban is guilty, I hope they punish him to the full extent of the law.

Sadly, we cannot punish our elected officials in the same way. Sure, we can get a Ted Stevens for taking what amounts to bribes. However, there are safeguards in place which immune our leaders from prosecution if they are acting in an official capacity. A CEO can be convicted for providing false information to the public shortly before the stock tanks yet the same is not true for Barney Frank. This occurred with Fannie Mae over the summer. Frank told everyone how sound this organization was. A couple of months later the government had to take them over. This piece of garbage ought to be in court to answer for his actions.

The powerful have always been corruptable. Our form of government provided the best defense against any one person assuming too much control. The three branches of government is designed to ensure "oversight" by each one. Yet, it fails when all three are corrupt. That is the situaiton we have now. It is time to take this in a new direction.

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Visualization of the United States Debt

I found this blog that has a wonderful visualization of the debt that we now have. Unfortunately, I couldn't copy it over so a link is all that I can provide. This is what the politicians in Washington have done to us. And, it shows that how screwed we are in terms everyone can understand.

Visualizing The National Debt

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This Says It All

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