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Kamis, 06 Oktober 2011

American Protests Against The Corporate Sector Begin To Spread Around The Nation

Protests against Wall Street and the general corporate sector, for bringing the worst financial crisis on the nation since the Great Depression, have been spreading from New York to other American states. People have camped out to continue their protests, regarding the poor state of the U.S. economy, which has hit a number of historic lows over the past few years.

Democrats, President Obama and Senator Nancy Pelosi, are trying to reach out to protestors expressing empathy, which is ironic, as both had a great hand in the financial crisis becoming what it has turned into on America. Pelosi and Obama, when he was a senator, during the presidency of George W. Bush, rubber stamped dangerous items in Congress and looked the other way to serious corruption in the corporate sector, which has mushroomed into a financial nightmare (with worse to come).

On the opposite side of the aisle, Republican presidential candidate, Herman Cain told protestors this week to "blame yourself" for the state of the economy, not the banks and Wall Street, which was unfair. Cain needs to remember, America has tens of thousands of people who have been the victims of ponzi schemers and fraudsters, who stole their life savings, costing them their homes, investments and other assets. He also needs to remember, banks on Wall Street colluded to raise interest rates on mortgages, making payments unaffordable, costing many their homes.

Let's face it - the government has failed. They need to own up to that and stop blaming the everyday citizen for what has transpired. The government sided with the rich and famous, allowing them to do the unthinkable in the corporate sector and that greed has destroyed the prosperity the nation once enjoyed. Full stop. It was an illegal redistribution of wealth, presided over by the White House and Congress and all involved deserved to be voted out on their backsides for it. You have failed the nation.

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Senin, 05 September 2011

Obama Sends U.S. Debt To All Time High

Debt Skyrockets Under President Obama Surpassing $10 Trillion

Barack Obama

For the first time in history, U.S. debt has topped $10 trillion dollars, up 59% under President Obama. In the midst of all Washington's spending, based on the reasoning President Obama set forth over two years ago, calculated expenditures would (allegedly) stimulate and boost the economy, spurring job growth. However, it has not and to terrible results. For the first time since 1945, U.S. job growth is at 0%, which is breathtakingly bad.

The government has also dipped into Social Security funds, which is not a good thing. According to CNS News, "The 'intragovernmental' debt is money the Treasury has borrowed out of government trust funds—including the Social Security trust fund—to use on federal expenses other than those the trust funds were set up to cover." This is a disaster in the making. Why is this being allowed.

STORY SOURCE

U.S. Debt Held by Public Tops $10T for 1st Time—Up 59 Percent Under Obama

Friday, September 02, 2011 - (CNSNews.com) - At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday.

http://cnsnews.com