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Roanoke Times, 8-8-11, Pg 1 – 12: The US Downgrade and European debt problems threaten to feed on each other.
8-9-11, Pg 1: Turmoil descends on Dow - down 15%
Pg 14: US (Obama) fights back on credit rating
Pg 13: RT Editorial: The AAA Downgrade (understandable)
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All this print on all this paper and the RT and their media associates “still don’t get it” or if they do, they sure aren’t printing it!
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Obama’s responses to the stalled nonexistent US economic recovery and the stock market drop of 1600 points (13%) in 12 days”
It’s George Bush’s fault
It’s the Republican’s fault
It’s the Tea Party’s fault
It’s the nasty and incompetent people at Standard and Poors
“I’m good! If you don’t believe me just watch me raise campaign funds!”
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Obama and associates -- wakeup and smell the coffee!
It’s not just the $14 TRILLION of debt
It’s not just the Obama Budget deficit of $1.4 Trillion each year
It’s not just the $62 TRILLION of unfunded obligations that amount to $534,000 per household (USA Today 6-7-11)
http://roanokeslant.blogspot.com/2011/06/us-owes-62-trillion-half-million-per.html
It’s not just the 9+% unemployment and the 18+% underemployment
It’s not just the stalled and nonexistent economic recovery
It’s not just the Obama Administration Jihad against Private Enterprise and the Capitalist System and our energy infrastructure.
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It’s all of the above plus a total Obama Administration ignorance and disregard for what makes America’s economic system work at a “community organizer” (small business) level.
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Obama’s “Tax the Rich” jihad was well spoofed by Jon Stewart:
http://www.roanokeslant.org/ObamaDebtLimit.wmv
The magnitude of our problem can be viewed by “total confiscation of all the assets” of the top 25% of Americans who own $44 Trillion in assets.
Could be done – was done in 1918 in Russia!
$62 Trillion of unfunded liabilities minus the “richies” $44 Trillion still leaves $18 Trillion of debt to be paid by less than 25% of Americans (25% have been left penniless and 50% of those filing tax returns do not pay any taxes, thereby leaving 25% to pay off the $18 Trillion and pay the ongoing taxes necessary to carry the yearly national budget).
This is Obama’s “Donner Party” solution to the financial challenge.
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We all should have seen this “change” coming on November 6, 2008 and bought gold at $880 per ounce!
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Are The Good Times Over For Good?
http://www.roanokeslant.org/GoodTimesOver2.wmv
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http://roanokeslant.blogspot.com/2011/08/usa-whats-your-credit-score.html
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http://roanokeslant.blogspot.com/2011/08/deficit-soapbox-drama-did-i-shave-my.html
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http://roanokeslant.blogspot.com/2011/08/more-hate-speech-from-our-vide.html
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http://roanokeslant.blogspot.com/2011/07/obama-congress-why-raise-debt-limit.html
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http://roanokeslant.blogspot.com/2011/06/us-owes-62-trillion-half-million-per.html
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http://roanokeslant.blogspot.com/2011/06/reagan-problem-confiscation-answer.html
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