Politics and Money

It is common, among the American public, for the average everyday citizen to NOT educate themselves, nor double-check the facts that they hear on the news, magazines, television, internet. Most Americans struggle with jobs and working for other people, for a single source of income, to be bothered with doing anything extra to make sure they are making the right decisions day in and day out. They are shown this by their parents, generation after generation, that you simply turn on a television and accept everything that they say as factual. They are shown this by their parents, generation after generation, that you simply go to a church and accept everything the minister says, and the book he goes by, as factual, and even worse, unquestionable.

Paul Robin Krugman is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times

It saddens me then, when someone who is older than me, and perceives himself to be learned, that he thinks to argue something he has never studied, researched, nor took the time to dissect and fit all the pieces together to see the sinister undertones. Case in point, one such discussion occurred when a picture was presented showing the insanity of how the tremendous debt the federal government has, and the state of the economy, can be fixed by going into more debt. This fool, and I mean the term in the technical sense, proceeded to defend and argue that going into debt had nothing to do with the state of the economy and even if it did, it did not make the situation worse. He tried to defend the statement that Paul Krugman made saying, "debt killing the economy? More debt will fix that."

The house and senate create the annual spending budget for things like: military; research; welfare and its ilk; social security and its ilk; wars and 3rd party contractors; national state programs which it promptly defunds after a year or two.

They take in taxes.... wait, we'll get to the taxes last.

They are sorely underfunded for all of their concerns, to the tune of trillions of dollars. The private monopoly banks, known as the federal reserve system, LENDS them money AT INTEREST, instead of congress simply printing its own money, selling bonds, or raising capital WITHOUT INTEREST. This creates debt. This debt is created annually, to the tune of MORE interest than taxes ALONE can cover.

The taxes that the federal government then collects, goes only to pay off a PORTION of the interest it owes to the private consortium, known as the federal reserve Bank system. And why wouldn't they do this, because the population is none the wiser, because there is absolutely NO accounting for what the private bank does. All we see is a price tag, AND ITS PAID. And, they play a smoke and mirrors game to say "taxes cover everything" wink wink nudge nudge, "so we must raise taxes, because the budget has gone up". OR EVEN WORSE, "we are balancing the budget, so we must raise taxes to help *balance* it", muahahahahaha we're sneaky.

So, getting back to the original premise, that debt is horrible, let's raise the debt... either you don't know the above system exists, because if you do, then you would have to be a more sinister than the federal reserve private banks itself.  You seem smart, so i'll just call you The Dastardly Mr. Beasley.

Politics is smoke and mirrors. Now you see the budget, now you don't. Voila! Presto chango, we spend trillions and no one accounts for where it comes from.

Obama the Darling of Wallstreet

I saw a video of Tony Robins, of all people... it has to be serious, for him to make an economy video, where he talks about taking everyone's money, all the "rich" people in america, sports players, movie producers, wall street moguls, corporations, oil companies and he goes down the list. And, he covers day by day of taking all of their money, not just taxes. And, when the calculation is done it still does not cover al 52 weeks, it falls short of two weeks in one year. But then, he concludes that the next year, NONE of the budget would be covered, because now you have seized all of the rich people's money. It's a very graphic example of how out of whack the debt is.

Many learned people have said, by congress simply coining its own money for 5 years, the entire debt of the US would be wiped out.5 years, that's one presidency.

No thinking man, knowing both the current system, and knowing that the debt could be wiped out, would agree that debt is bad nor would say it has NOTHING to do with the current economic DEPRESSION [ a word the government refuses to admit, despite all indicators that this is WORSE than the great depression ] [ oh and everyone is doing their part to hide the fact:

- shadow inventory of housing
- hiding true unemployment rates
- hiding business failures
- hiding stock manipulation
- hiding the real value of the USD
- hiding the 70% wealth lose across the board for all racial groups, in America
- not even acknowledging the 35% unemployment rate amongst Blacks
- hiding the Black incarceration epidemic amongst Blacks [which has single-handedly led to a 90% drop in Black wealth]
- hiding the failures of fannie and freddie
- hiding the debt owed to foreign banks
- hiding the payments going to foreign banks
- hiding the real money down a hole, going to wall street corporations [ we're talking, watchdog groups are saying 10s of trillions have already been spent, and more is being spent secretly] the real reason the federal reserve does not wish to be "audited".


• The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds
• Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress
• A U.S. household's median income is $49,445, the Census reports
• The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits
• Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules
• The deficit was $5 trillion last year under those rules
• The official number was $1.3 trillion
• Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government's books
• The federal government calculates the deficit in a way that makes the number smaller than if standard accounting rules were followed (in trillions)
• Social Security had the biggest financial slide
• The government would need $22.2 trillion today, set aside and earning interest, to cover benefits promised to current workers and retirees beyond what taxes will cover
• That's $9.5 trillion more than was needed in 2004
• Deficits from 2004 to 2011 would be six times the official total of $5.6 trillion reported
• Federal debt and retiree commitments equal $561,254 per household
• By contrast, an average household owes a combined $116,057 for mortgages, car loans and other debts
• "By law, the federal government can't tell the truth," says accountant Sheila Weinberg of the Chicago-based

The big difference between the official deficit and standard accounting: Congress exempts itself from including cost of retirement perks.

Conclusion

So in essence, until we can get the government to use real math, real numbers, reveal the true hurt that is going on, we cannot even start to have a dialogue of how to fix it. For example, if we base a set policy to fix $1 trillion of debt, but then we find at the end of the fix that it was actually $16 trillion, we almost did absolutely nothing with the fix.

And that is the problem with the Obama presidency in a nutshell. He constantly says how he is saving us money, or lowering our taxes. But, the problem is he's raising it in other areas far higher than it ever was to begin with.

We see this over and over in all of his policies. He promised to remove the troops from the "wars". But, he actually doubled and tripled the troops in Afghanistan. I'm not going to say he is lying, but it's a lie.

Please visit my legal website: Las Vegas DUI Lawyer
See me on YouTube: Seattle Cop Punches Black Teenage Girl
Follow @Kevin_Cardinale

Unemployment Rate Drop Faked

As more people drop off of unemployment benefits, after 3 years of collecting unemployment, the already fake unemployment rate drops, almost like a rock.

Understand, there are no new jobs and the millions that were lost are not coming back. If you liberals / RINOs cannot understand this, I don't know what else to say to you.

Deer in Headlights

The government tracks who is ON unemployment. Once your unemployment payments stop, and you cannot receive any more, you fall off the government's unemployment list. So yes, in 2009 millions lost their jobs, after 3 years of collecting unemployment they used up all their payments and cannot get any more. There was not people being hired by the millions all of a sudden. It would take millions upon millions of people getting a job for the unemployment rate to drop so drastically. However, the real explanation of millions using up their unemployment explains the drop.

"The U.S. economy created jobs at the fastest pace in nine months in January, and the unemployment rate unexpectedly dropped to 8.3 percent, its lowest level in three years, since just after Obama took office.

 The report meant that unemployment has dropped every month since August, when it was 9.1 percent." - Reuters

The good folks at ZeroHedge [some schmo that goes by the name of Tyler Durden *sigh*][ no i'm not a fan Tyler ] explained it best, so as not to confuse the idiot public.

"A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

This is the largest absolute jump in 'Persons Not In Labor Force' on record... and biggest percentage jump in 30 years."

Floyd Norris of The New York Times says:

"How many jobs did the American economy add in January?

The Labor Department estimated on Friday that the economy gained 243,000 jobs.

The department also estimated that the economy lost 2,689,000 jobs in the month.

The difference in the two numbers is in seasonal adjustment. Employment always falls in January, as temporary Christmas jobs end. So the government applies seasonal adjustment factors in an effort to discern the real trend of the economy apart from seasonal fluctuations. The actual survey showed the big loss in jobs. The seasonal adjustments produced the reported gain of 243,000 jobs.

A reason to doubt the number is that there has been a tendency in this cycle for the seasonal factors to overstate moves, in both directions. Labor mobility is down, as fewer workers quit to seek better jobs and employers both hire and fire fewer people than they used to do. If the seasonal adjustment was too large, then the gain should be smaller."

And for a real kick in the nuts, we have Numerian over at The Economic Populist reporting:

First, ever since the credit crisis of 2008, there has been a trend in the unemployment report that shows a declining participation rate in the job market. While a whopping number of jobs were created in January, a far larger number of people left the labor force - 1,752,000 in fact. The percent of the total working population who did not have jobs rose to 36.7%, an all time high. It’s no wonder the unemployment rate fell, when the denominator shrinks so markedly. The total number of people employed fell by 737,000. So what do you want to celebrate – the 243,000 who got jobs, or the million or so people who dropped by the wayside and are no longer counted in the data?

To put it bluntly, Obama is not your savior and there was no job creation that rocked 2 million strong in the month of January. People are not working, so much, that their not working dropped them off the list, to the tune of 1.2 million people gone off list. If you account for those people, unemployment is going strong at 10.9%. The numbers reported are faked.


Please visit my legal website: Las Vegas DUI Lawyer
See me on YouTube: Seattle Cop Punches Black Teenage Girl
Follow @Kevin_Cardinale

Obama Silent on 28% Black Unemployment Rate

Obama Meets Congressional Black Caucus on the Eve of Campaigning

When confronted, by reporters, about Obama's complete silence about the 28% Black unemployment rate, the leader of the Congressional Black Caucus began to stammer and stutter, during a public address. 
Rep. Emanuel Cleaver (D-Mo.) told The Huffington Post that CBC Members expressed “the frustration of our constituents” over high unemployment to Obama during a Thursday meeting at the White House. The Labor Department puts unemployment at 16.1 percent in the black community, but Cleaver said the number is more like 28 percent when factoring in “99ers,” or people who have exhausted all of their regular and extended unemployment benefits.

Obama Meets with Congressional Black Caucus

“All you’ve got to do is come into any black area and you can see that,” he said.
In the lead-up to the meeting with Obama, the CBC used its Facebook page to ask supporters which priorities lawmakers should bring up with the president. The response was “unbelievable,” Cleaver said. “I’d say 97 percent said to ask about jobs.”


As a holder of a political science degree, it is amazing to me how the Black community defends their unwavering support of Obama, in the face of obvious disdain.  Obama has said, during his campaign that he would not entertain any ANY Black issues.  Obama during his presidency has said he will NOT entertain ANY Black issues.  All other political groups have garnered, not only, favors from Obama for their votes, but after handing over funds and votes, received exactly what they demanded of him. 

The Black community sent no lobbyist to the Obama campaign and yet AND STILL turned out a voting block never before seen in the Black community.  And, they got exactly what they asked for, NOTHING.

The CBC is completely emasculated on every Black issue, when it comes to Obama.  28% staggering unemployment in the Black community and Obama will say nothing about it.  One reporter from New York, stood up during a white house speech and asked what he plans to do about a 50% unemployment rate in Black men in New York.  Obama refused to even acknowledge the Black community even had a problem.

At what point does the Black community wake up and stop pandering to someone that has absolutely no qualms about telling us to go away and don't ask questions.

At what point does the Black community realize that Obama is NOT a Black president, when he makes it clear and to the point that he will NOT help the Black community.

It is outrageous that the nearly 2nd largest voting block in the nation is completely ignored by the "Black" president and BOTH political parties who are in control.

I am disgusted with this complete lack of awareness.

 Please visit my legal website: Nevada DUI Attorneys
See me on YouTube: Seattle Cop Punches Black Teenage Girl