The Jobless "Solution"?

About the Proposed Job Solutions

Other than the manufacturing jobs, which were lost over a decade ago, the model for American jobs was not established on a solid economic foundation to begin with.  There was no reason, nor call for service sector jobs to be a full 40% of the job market.  call centers and consulting, was never a NEEDED niche, to base an economy on.  Neither one generates any real revenue for the country.  It is not something you can package, pass around and keep generating income from, like sugar, pork bellies or a circuit board.

Until such time as someone admits that the model is broken, there never will be recovery.

And, of course the rich and wealthy and upper middle class have no compassion / understanding of the job loss.  Nearly 90% of the jobs lost in America were all entry level and or low paying jobs.  What is really getting everyone's goat, and has become a huge backlash to all this, the question of illegal immigrants taking low paying and or entry level jobs is now in the sniper scopes of all of the state treasurers.  The issue can no longer be ignored.

With this in mind, several states are now trying to pass / discuss an immigration policy to uphold enforcement of the immigration laws a la Arizona.  So all the people gnashing their teeth and clawing their hair out over that state, need look no further than their own state capital to see the same legislation come to roost.

The problem really cannot be ignored.  And, it is a definite solution to the jobless  problem.  Illegal immigrants take the low paying / entry level jobs; pay no taxes; AND to add injury to insult - send a whopping 80% of the income back home to Mexico, making it the 3rd base of Mexican GDP.  Those figures cannot be ignored any longer in this economic debacle.


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College Grads Moving Back with Parents

Obama Doesn't Keep Campaign Promises

By the hundreds of thousands, college students are finally graduating. They are graduating and promptly moving back home.  They had voted for Obama and find that there are no jobs.  For those not in the know about how college works, in the junior year, going into the senior year, the soon to be graduate looks for a company they are going to go to upon graduation.  Any good, or even bad, school has a placement department, which assists the soon to be graduate to find a job.  Even moreso, grads go do internship in their junior year to gain real life job experience.  Those internships allows both the student and the company to vet each other.  That way, when they graduate, they can simply slide right into the company.  This process has also not been happening.

Unemployed College Graduates

The truth of the matter is, Obama promised upon his life that he would bring jobs back stateside.  He campaigned that it was the governments inadequacy that was leading us down the path of being inconsequential and the worst nation in the world, not the best.  Obama promised to lift us out of the oppressive policies of the Bush administration.  He promised that under his administration the economy would bloom.  He asked for some time to turn everything around.

However, as soon as he got into office, it was business as usual. He appointed nearly everyone on wallstreet and the federal reserve into all of the key positions.  For the brief few years he's been in office the dollar has fallen nearly 30% in value, what once took 50 years to do, this man has done in a mere 3 years.  Why is that important?  It means the average worker makes 30% less just in receiving their paycheck, and due to massive inflation, their purchases costs way more.  So not only do you make less, everything costs more and your dollar that 3 years ago could buy you 1/2 gallon of gas, now only buys you 1/3rd of a gallon, if not 1/4th.

So what does that mean to college grads?  It means that employers are no longer going to have opening and tighten their employee ranks.  Massive layoffs, which is still going on, means that employee ranks are shrinking.  We are continuously losing millions of jobs every 2 to 3 months.

2 Million College Grads are Unemployed

Finally, parents and college grads are seeing that the Obama administration is not keeping his campaign promises.  His polls are slipping.  He and news media are doing everything they can to generate some positive PR for the Obama administration, like mysteriously kill a phantom menace like Osama bin Laden, who had a fatal disease 10 years ago.

Obama cannot make it up to college grads who are working at McDonalds.  Obama cannot make it up to the parents who went into debt to put their sons and daughters through college, so that their child can have a better life than them, end up being in debt and not generating anything through that child.  The IDEA of Obama was great, but the execution of his greatness was left in the boardrooms of wallstreet.


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Letter to Senator Reid

Written Letter to Senator Harry Reid, My State Senator

Senator Reid,

I was shocked that the entire debate over the unemployment bill, recently passed, was not in fact an extension of unemployment compensation, but simply an extension of the filing date.

I don't think you are aware of the real u-3 unemployment data. We are not at 16% nationwide with Nevada having an extra 3% lead over the nation, putting us at nearly 20% unemployment.

I have not been able to gain employment since the end of 2008 when my company laid off 2% of the work force nationwide and have not hired anyone back. I don't understand how you and the rest of congress can be so out of touch with the employment situation out here.

I don't understand how you all can approve tens of billions of dollars in relief to Haiti, on top of the regular billions you send them, yet not help to feed your own citizens.

It is a slap in our face.



I don't understand how you can require taxes on unemployment compensation, which amounts to 2 whole months worth of unemployment, when it is a paycheck to paycheck situation to begin with. Unemployment is a much lowered percentage of your regular pay rate. People have to feed families, pay rents, put gas in cars with that unemployment check.

How can you make speeches you are for Nevadans when you and your colleagues are making people homeless. I have read countless accounts of people who, after reading that the recent unemployment legislation did not extend the benefits themselves, say they are now "desperate". I can just imagine the suicide rate will skyrocket after the benefits run out.

The unemployment rate increased. Companies are not hiring. Businesses are not hiring. We are getting nothing from congress but rhetoric and political plays. And, I'm not falling for the scapegoat of Senator Bunning, it was an obvious ploy to use him.

We are dying out here while you and your colleagues refuse to take action. You refuse to force the Federal Reserve to raise interest rates. Our savings is in the negative because of it. Who is going to put money into savings that generates less than 7 tenths of a percentage point? Citizens won't save and businesses won't borrow with artificially low interest rates, especially now that it is obvious the interest rates are not indicative of consumer savings.

Yet, you bailout Fannie and Freddie and AIG, while letters and phone calls pour in opposed to it. Yet, millions of Americans will starve due to no extension of the unemployment benefits. We all still vote. I don't understand how the congress can have such hubris. I don't understand how you can say you are for Nevadans, 3rd in the nation in unemployment.


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10 Things You Need to Ask Before You Marry Her

Before You Get Married to Her Money

Here's a quick quiz you need to ask your "soul mate" before you even pop the question. The reason for this, is that so many young people ruin their credit, right at 18 and then take 30 years to get it right. With that in mind then, could you be walking into a financial mind field? Oh you bet. You are right.

It would be wise, it would behoove you, to quiz the person about their money, before you go that "next step". It could be a massive fall financially, if you tie the knot, and her creditors come after you. Or, you were planning on buying a house right after marriage, and BLAMMO!! her credit is so bad you can't get a decent rate, or worse, a loan.

I knew a girl who was so far in debt and her attitude was just so ... childish that it boggled my mind. She had a car; wrecked it; still owed on it; let it default; then went back to the same company and they tacked on both car notes to her car. So in essence she was paying for two cars while driving one, she was upside down in the car. And, she didn't even care. She thought it was funny. She was already married at the time. I can't imagine what her husband thought. I didn't know him, nor never met him.

By that example, and some women just use "I'm only a woman" as an excuse to not deal with financial matters. I can't count the times I've heard, "oh my husband takes care of all of that." And, when he dies? She has no clue what to do.

The Pre-engagement Quiz

10. You receive a credit card in the mail. It says "free" and "you were preapproved." What do you do with it? The correct answer is - send it back.

9. You see an ad on t.v., at night, selling something you were actually going to go shop for the very next day, and it's $10.00 cheaper, even after shipping and handling. However, the company gives a P.O. BOX address. Do you order the product off the T.V. The correct answer is - go buy the one at the store.

8. Your cousin / nephew / niece asks you to co-sign on a car. You haven't seen them in a few years and you have no idea if they have a job. Do you co-sign the loan? The correct answer is - no.

7. Do you have a savings account?

6. Do you have a C.D.? [certificate of deposit]

5. How many cars have you had, and have you ever paid off one, and is the current one paid off or payments up to date? You should never, ever pay for another human's car expenses. If they can't pay for it themselves, that's a warning sign to leave.

4. Her living situation might be temporary so it's not adequate to ask about that. However, the ideal woman may be purchasing a house. If she is renting however: How much is your rent? How much do you make? Is your rent current? You should never, ever pay for another human's living expenses. If they can't pay for it themselves, that's a warning sign to leave.

3. You live one block away from a ritzy yuppie grocery store and one block away from a dollar grocery store. Of course the food at the dollar grocery store is rather bland, yet healthy. You need a better car to get ahead at your job, since your boss sometimes asks you to drive him / her to staff meetings. Do you scrimp and save and buy from the dollar store? The correct answer is - yes.

2. The latest magazines have crowned bubble bottom jeans as the must have jeans of the year, however, they cost $250. You know some shoes that would match but they cost $213. Your friend is having a party next weekend, and they are always getting on you about the clothes you wear. So far you have $800 [ask her] saved up in your bank account. Do you go buy the jeans and shoes and surprise your friends? The correct answer is - no.

1. If you lost your job today, and had no family, and couldn't get welfare, and couldn't get unemployment, could you go an entire year without finding work, from just your saving account? The correct answer is - yes.

If the girl that has caught your eye, answers any of these questions incorrectly, my advice is to move on. I'm sure love is a great thing and all, but being financially miserable is setting yourself up for a divorce. Those are just cold hard facts. More people get divorced over money than any other subject.

Since you're an adult, think like an adult. If you are going to dedicate yourself to a woman, it's not just physical. When you get married you are agreeing to: dedicate your body; dedicate your mind; dedicate your soul; dedicate your time; and dedicate your pocket book. If you are going to mix your pocket book, you have to know what you're getting into. If the person is just starting out financially, then you have to know how they think about money.

If you have $10,000 in savings it makes no sense to marry a woman that has none. You're not equal and the marriage would be awkward. Keep in mind $10,000 isn't a whole lot of money. But such a small amount is the difference between someone who makes a salary and someone who works hourly. Such a small difference is the difference between someone who doesn't have leisure time, nor leisure money and isn't used to neither one.

I've had friends and I mean a lot of them, whom if I said let's go see Batman and stop for a burger on the way would say "I don't have money". They didn't mean they were saving their money and didn't want to waste it on lunch and a movie. They meant literally they didn't have that much money to spend. Ultimately I had to get a new group of friends. I couldn't be "friends" with people I couldn't hang out with on my level.

Just as you see "lifestyles of the rich and famous" those people wouldn't hang out with me. Nor, could i hop on a jet and meet them in Paris. These are just financial facts.

Don't let your mouth write a check your behind can't cash. Don't get all head over heels in love with some girl AND THEN after the fact find out she's not only broke, but so deep in debt, it affects your credit.

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Obama Promises Big Things: I say No Way

Kudlow asks his guests, "will we recover from this recession this year"? I, like his guests say, not until 2010. To be honest, I don't think with this recent stimulus package we will even see a recovery in 2010.

Let's review that stimulus package briefly: reduce tax deductions on housing; reduce tax deduction on charitable grants; raise tax on capital gains, which is still a double tax on dividends. Who is he stimulating exactly? The middle class into the poor house? You can no longer claim the entire house deductions you could before. You can no longer claim money you give to charity entirely as you could before. What does this mean? What does this say? Don't give to charity and don't buy houses.

We have Madoff coming to light. But I warn you now, Madoff isn't problematic, but symptomatic of what people not only have done, but can do in this market. People are now buying dummy corporations, running them into the ground and then claiming the insurance and bailout money. Also, the SEC has yet to have a proper response to the credit default swap fiasco.

And, we have the worst week in market history last week and this week isn't showing much light at the end of the tunnel. Already the DOW is down 25%. While the government wants to demonize shorters, stocks are steadily falling. Even Cramer, is pessimistic about the outlook. Today he had another screaming match on CNBC, but can you blame him?

Meanwhile on the precious metals, I have it on good authority that gold and silver in particular are being devalued. That's actually good news for potential investors right now. While everyone is laughing at Peter Schiff and calling him names for saying gold is going to go to $2,000 / oz, Jim Rogers is nodding his head as are some of the major players over seas. In fact, one such overseas investor went through the history of the DOW itself and pointed out how everyone was skeptical that the DOW would ever break one thousand. The rest is history of course, but he equates that to the price of gold. Everyone is skeptical that it would ever hit $2,000 but frankly with $7 trillion being introduced secretly into the economy via these awful bailouts, inflation is just a matter of time. In fact, hyperinflation isn\'t as far fetched as people like to also poke fun

at Peter Schiff for saying. We\'re seeing a rally on the dollar right now but honestly, we all know the dollar is manipulated more than a teen girl on prom night. There is no chance, nor hope that this rally is happening strictly due to market demand. And, we come full circle to gold. Now how far fetched is it, when I say gold is being manipulated. Gold should be $2,000 / oz if not $3,000 / oz. We don\'t even know the real value of the dollar. How can we scoff at $2,000/ oz gold?

Will there be an economic recovery this year? Review the facts for yourself. The market has no confidence in the administration right now. Obama promises big changes, but no one knows what they will be. The best thing he could do right now is step aside and let the market take care of itself. Stop these insane bailouts which leave the investor scratching his head as to how truly valuate stocks. Let these companies go into bankruptcy so someone smart can come in and properly valuate the company worth. Have the SEC throw the book at Moodies for not requiring full reserves while doing these credit default swaps, yet still evaluating their bonds at AAA rating. And, finally he should bring our troops home ASAP, which is why he and the Dems were put into office to begin with.

Unemployment came out today for a new high of 8.1% more than 650,000 lost last month alone: business -180,000; financials -44,000; retailers -39,500; hospitality -33,000. This is the highest it\'s been in a quarter century, since 1983. Right now they estimate 12.5 million Americans are out of work.

I guarantee if we pulled all the troops out of Iraq and Afghanistan, and the two other wars we are secretly fighting and paying for, we wouldn't be inthis economic slump to begin with. The military budget is some 60% of GDP, that is unconscionable. Without that spending, we could really reduce taxes and strengthen the dollar. And, no ... no terrorists were even involved in 9/11. You can debate me on that one in the next post.

I've said it, and Jim Rogers has said it too, take your money out of the bank, which isn't earning that much money these days [1%-2%] which are then taxed anyway, go buy a home safe and put your money in there. This will actually help the country. Leave only enough to pay bills with, in your bank account. Purchase real money items like gold and silver. Or treat 90 day t-bills as a bank account with a small return. Always remember to have a 6 month emergency fund, this is what should be in your home safe.

Kevin Cardinale of Boundless Enterprise

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