More Debt, Urges NBC Host

Savanah Guthrie, the backup host of  is urging Mr. Obama to try and pass more debt-backed "stimulus packages." 

In an interview with former press secretary and current Obama campaign advisor Robert Gibbs on Sunday’s Meet the Press, substitute host Savannah Guthrie pushed the President from the left: “If the President thinks more should be done, if he thinks there should be more stimulus, why doesn’t he just go for broke? Why doesn’t he go out there and ask for it, make a case for it?”

 We as a nation can't afford the spending of the past 4 years, yet the left, who seem to be bereft of any sense at all...are demanding MORE spending, backed by debt...what can't continue won't...

 We can't afford the current level of debt...and urging the president to double down, just means the Liberal left wants to finish off the economy.

�CHANGES ARE COMING ----

 The following was sent to me...by a reader.  He didn't write it, but the facts within it are correct...and frightening.

 

Whether these changes are good or bad depends in part on how we adapt to them. But, ready or not, here they come

1. The Post Office. Get ready to imagine a world without the post office. They are so deeply in financial trouble that there is probably no way to sustain it long term. Email, Fed Ex, and UPS have just about wiped out the minimum revenue needed to keep the post office alive. Most of your mail every day is junk mail and bills.
2. The Check. Britain is already laying the groundwork to do away with checks by 2018. It costs the financial system billions of dollars a year to process checks. Plastic cards and online transactions will lead to the eventual demise of the check. This plays right into the death of the post office. If you never paid your bills by mail and never received them by mail, the post office would absolutely go out of business.�
3. The Newspaper. The younger generation simply doesn't read the newspaper. They certainly don't subscribe to a daily delivered print edition. That may go the way of the milkman and the laundry man. As for reading the paper online, get ready to pay for it. The rise in mobile Internet devices and e-readers has caused all the newspaper and magazine publishers to form an alliance. They have met with Apple, Amazon, and the major cell phone companies to develop a model for paid subscription services.
4. The Book. You say you will never give up the physical book that you hold in your hand and turn the literal pages. I said the same thing about downloading music from iTunes. I wanted my hard copy CD. But I quickly changed my mind when I discovered that I could get albums for half the price without ever leaving home to get the latest music. The same thing will happen with books. You can browse a bookstore online and even read a preview chapter before you buy. And the price is less than half that of a real book. And think of the convenience! Once you start flicking your fingers on the screen instead of the book, you find that you are lost in the story, can't wait to see what happens next, and you forget that you're holding a gadget instead of a book.�
5. The Land Line Telephone. Unless you have a large family and make a lot of local calls, you don't need it anymore. Most people keep it simply because they've always had it. But you are paying double charges for that extra service. All the cell phone companies will let you call customers using the same cell provider for no charge against your minutes�
6. Music. This is one of the saddest parts of the change story. The music industry is dying a slow death. Not just because of illegal downloading. It's the lack of innovative new music being given a chance to get to the people who would like to hear it. Greed and corruption is the problem. The record labels and the radio conglomerates are simply self-destructing. Over 40% of the music purchased today is "catalog items," meaning traditional music that the public is familiar with. Older established artists. This is also true on the live concert circuit. To explore this fascinating and disturbing topic further, check out the book, "Appetite for Self-Destruction" by Steve Knopper, and the video documentary, "Before the Music Dies."�
7. Television. Revenues to the networks are down dramatically. Not just because of the economy. People are watching TV and movies streamed from their computers. And they're playing games and doing lots of other things that take up the time that used to be spent watching TV. Prime time shows have degenerated down to lower than the lowest common denominator. Cable rates are skyrocketing and commercials run about every 4 minutes and 30 seconds. I say good riddance to most of it. It's time for the cable companies to be put out of our misery. Let the people choose what they want to watch online and through Netflix.�
8. The "Things" That You Own. Many of the very possessions that we used to own are still in our lives, but we may not actually own them in the future. They may simply reside in "the cloud." Today your computer has a hard drive and you store your pictures, music, movies, and documents. Your software is on a CD or DVD, and you can always re-install it if need be. But all of that is changing. Apple, Microsoft, and Google are all finishing up their latest "cloud services." That means that when you turn on a computer, the Internet will be built into the operating system. So, Windows, Google, and the Mac OS will be tied straight into the Internet. If you click an icon, it will open something in the Internet cloud. If you save something, it will be saved to the cloud. And you may pay a monthly subscription fee to the cloud provider.   In this virtual world, you can access your music or your books, or your whatever from any laptop or handheld device. That's the good news. But, will you actually own any of this "stuff" or will it all be able to disappear at any moment in a big "Poof?" Will most of the things in our lives be disposable and whimsical? It makes you want to run to the closet and pull out that photo album, grab a book from the shelf, or open up a CD case and pull out the insert.�
9. Privacy. If there ever was a concept that we can look back on nostalgically, it would be privacy. That's gone. It's been gone for a long time anyway. There are cameras on the street, in most of the buildings, and even built into your computer and cell phone. But you can be sure that 24/7, "They" know who you are and where you are, right down to the GPS coordinates, and the Google Street View. If you buy something, your habit is put into a zillion profiles, and your ads will change to reflect those habits. And "They" will try to get you to buy something else. Again and again. All we will have that can't be changed are Memories.�

19 Facts About The Deindustrialization Of America That Will Blow Your Mind

The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes. It was the great American manufacturing base that crushed Germany and Japan in World War II.

 

But now we are witnessing the deindustrialization of America . Tens of thousands of factories have left the United States in the past decade alone. Millions upon millions of manufacturing jobs have been lost in the same time period. The United States has become a nation that consumes everything in sight and yet produces increasingly little. Do you know what our biggest export is today? Waste paper. Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us. The United States has become bloated and spoiled and our economy is now just a shadow of what it once was. Once upon a time America could literally out produce the rest of the world combined. Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?

 

Any great nation throughout history has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace how in the world can the U.S. continue to consider itself to be a great nation? We have created the biggest debt bubble in the history of the world in an effort to maintain a very high standard of living, but the current state of affairs is not anywhere close to sustainable. Every single month America goes into more debt and every single month America gets poorer.

 

So what happens when the debt bubble pops?

 

The deindustrialization of the United States should be a top concern for every man, woman and child in the country. But sadly, most Americans do not have any idea what is going on around them.

 

For people like that, take this article and print it out and hand it to them. Perhaps what they will read below will shock them badly enough to awaken them from their slumber.

 

The following are 19 facts about the deindustrialization of America that will blow your mind....

• The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they were still in operation.
• Dell Inc., one of America's largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.
• Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem , North Carolina in November. Approximately 900 jobs will be lost.
• In 2008, 1.2 billion cell phones were sold worldwide. So how many of them were manufactured inside the United States ? Zero.
• According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
• As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
• The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
• According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
• In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
• Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul , Minnesota . Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.
• As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
• In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.
• The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
• In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
• Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
• Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.
• The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States .
• One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
• The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.

So how many tens of thousands more factories do we need to lose before we do something about it?

 

How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?

 

How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?

 

How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?

 

The deindustrialization of America is a national crisis. It needs to be treated like one.

 

America is in deep, deep trouble folks. It is time to wake up

 

Quantitative Easing Explained

Here is a great explanation of just how bad things really are...

Are You Better Off Now Than You Were 4 Years Ago?

I'm not.  My wife can't find a full time job since she was laid off two and a half years ago.  I only just started back working in a cabinet shop three weeks ago.  We're perpetually behind on all of our bills and the worry of being evicted is always there.

In 2006, the Democratic Party took control of Congress and did nothing to the economy except to make it worse.  Of course big government Republicans who controlled the GOP at the time were, and are still, merely "Democrat Lite."   But, Nancy Pelosi and Harry Reid systematically set out to create the economic chaos that we have  now by refusing to do anything about Freddie Mac and Fannie May. 

Democrats fought every Republican effort to clean up the impending Fannie-Freddie catastrophe with their standard class-warfare rhetoric and racist sliming. The Democrats had a field day fighting off Republican attempts to reform Fannie-Freddie before it brought the mortgage business to full-blown crisis. Then, when the whole thing exploded in all our faces — bringing the cascading collapse to banks and every other industry in America — the Democrats turned right around in the blink of an eye and wagged their dirty little fingers at Republicans as though none of the citizenry would be the wiser. The Democrats weren’t worried. They presumed that once they got control of the Congress, they could bury their own malfeasance and incompetence under the rug of majority rule. And that is precisely what they have done. No investigations. No hearings. Democrat rulers think the public is still in the dark ages — before the internet.

In the four years since the Democratic Party has been in control of Congress, they have systematically waged economic warfare against business by implementing ruinous regulations.  Furthermore,

They have used their majority status to ram through mountains of anti-business, regulatory legalese that literally shackles the recovery they disingenuously proclaim. Even as Democrats have run around the country all summer like a bunch of chickens with their heads cut off, yelling “Recovery!” at the top of their little lungs, the recovery isn’t happening on Main Street and they are the very reason why it isn’t. They won election with their crass gospel of envy, bashing the job creators at every turn and then shake their heads with wonder at why these same small businesses have the life too scared out of them to hire people.

These Democrats openly admit they haven’t even read the bills they’ve passed and then ponder why the citizenry is upset with them. They act as though the U.S. Constitution is nothing more than a doormat that they can step upon as they enter the halls of taxpayer-funded, personal enrichment. They’ve turned the words “public servant” into a synonym for lying thief.[ed see Charlie Rangel & Maxine Waters]
Ever since wresting control of Congress, the Democrat rulers have done all in their power to finagle their way to bureaucratic tyranny, all the while blaming the out-of-power Republicans for having the temerity to say “No,” as strongly as their puny numbers will allow them.

It's time for a change and change we need.  Vote every single incumbent out of office.  Vote in fiscally conservative candidates who won't spend money the government doesn't have and will begin to roll back both the size of the federal and state bureaucracies as well as the scope of government intervention in business.  Candidates who will end ALL government bailouts of the private sector.  Any business "too big to fail" is too big to suceed, and must be permitted to collapse else we will enter a perpetuall cycle of shoring them up...with our great grand childrens money.

Health Care Seizure Not So Important After All?

There are now credible reports that Congress will, at the behest of the President, put of the reconciliation process until after the State of the Union Address in Late January. Instead he will ask that a second "stimulus package" hidden behind the facade of "jobs bill" be taken to the fore...

So, the Democratic led Congress will borrow upwards of $500,000,000,000.00 to create jobs...isn't that what the original "stimulus package" was supposed to do? Isn't this throwing good money after bad? The Democrats in Congress blew $800,000,000,000.00 on pork "to keep unemployment below 8%." That failed so they are going to do it again.

The basic premise of insanity is that you continue to do the same thing over and over again, getting the same result time after time...yet expecting things to change. That's crazy...yet here we are again for the fourth time, going to save jobs with a stimulus bill...

1st: TARP supposed to keep banks from collapsing...failed, many regional banks have failed (300+ so far have been taken over by the government...failed.
2nd: "Stimulus Package", supposed to keep unemployment below 8%...failed
3rd: Health Care Seizure...supposed to "save" money (just like Medicare is)...failed
4th: "Jobs Bill"..will keep unemployment below 8%...failure in the making.

Eventually, the entire country will be in the same boat as California, New Jersey and New York (all are very close to bankruptcy). Our great grand children will surely thank us for turning the richest country in history into a 3rd rate nation...sure they will. Our children will now face having a much lower standard of living than we have now...WE will face having a lower standard of living than we have now...thanks Barack, Harry & Nancy...the ends sure justify the means.

Cap & Trade = Economic Suicide

If the intelligentsia of the West desires economic suicide, let them move to equatorial Africa and live close to the land. By implementing voluntary limitations to "carbon output" while the new economic power houses of Asia (India, Chine, Taiwan, Korea) continue their unfettered growth will mean the end of your life as you know it. You'll suffer brown outs, where electricity will be limited to certain times of day. You will be limited in where you can work, and how far from home you can travel, what kinds of vehicles the government will permit you to own...the list goes on and on. This is what Copenhagen really means.

For many of them the new carbon regime means a gradual decline in living standards. Huge increases in energy costs, taxes and a spate of regulatory mandates will restrict their access to everything from single-family housing and personal mobility to employment in carbon-intensive industries like construction, manufacturing, warehousing and agriculture.

You can get a glimpse of this future in high-unemployment California. Here a burgeoning regulatory regime tied to global warming threatens to turn the state into a total "no go" economic development zone. Not only do companies have to deal with high taxes, cascading energy prices and regulations, they now face audits of their impact on global warming. Far easier to move your project to Texas--or if necessary, China.

The notion that the hoi polloi must be sacrificed to save the earth is not a new one. Paul Ehrlich, who was the mentor of President Obama's science advisor, John Holdren, laid out the defining logic in his 1968 best-seller, The Population Bomb. In this influential work, Ehrlich predicted mass starvation by the 1970s and "an age of scarcity" in key metals by the mid-1980s. Similar views were echoed by a 1972 "Limits to Growth" report issued by the Club of Rome, a global confab that enjoyed a cache similar to that of the United Nations' Intergovernmental Panel on Climate Change

Read the whole article! More importantly it's becoming clearer that the "settled science" that AGW is based upon is...if not fraudulent, then manipulated in order to reach a preconceived political agenda and that is an end to Western affluence.