Donald Trump won the election based on President Obamas failed policies and the fear mongering done by Hillary Clinton. There was also the issue of: Hillary bragging about President Obama and his failed policies. The state department selling arms to ISIS. Email scandal. Democratic National Convention (DNC) rigged primaries. Danney Williams claiming Hillary kept him […]
Hillary lost because working class people are tired of liberal agendas. We are tired of free trade. We want our jobs back from China. We want to be able to afford to buy a home, car, and have a family. We are tired of banks getting bailed out. We are tired of wall street getting […]
What are your economic indicators? In other words, how do you determine if the general public is worried about uncertain times?
Besides all the information the government publishes, I use three indicators.
The local feed and fertilizer / farm supply store
On Friday, May 22nd I was at Circle three feed in Jasper Texas to buy some chicks and chicken feed. While I was there I took a few minutes to talk to the nice lady behind the counter.
Usually, the chicks are sold between February, March and April.
This year, the farm supply store was not able to get chicks until April. The nice lady told me the store was not able to get chicks because the suppliers were sold out. In 15+ years, this is the first time the store had not been able to get chicks in February.
Do you want to know how bad things are? Do you “really” want to know? Chances are, if you pass your time watching sports rather then watching the news, or reading gossip websites rather then reading news websites, you probably do not want to read this article.
Since 2009, an average of 150,000 jobs are created every month inside the United States.
In other words, 100,000 more people apply for social security disability every month over those that find a job.
Around 14 million people currently draw Social Security disability.
The system is broken. 100,000 more people file for SS disability rather then find a job every month. It is just a matter of time before the financial system collapses.
It is impossible for 150,000 workers to support 250,000 people on disability, and that is the direction we are headed.
The reason why the post office is having problems, they are not allowed to have a cash surplus. Any profit the post office makes has to be turned over to the federal government.
Like all other federal programs, the post office has been raided to fund other projects – military, welfare, food stamps, foreign aid,,,.
It’s not that the post office is broke, its federal governments out of control spending that is the problem.
Instead of making companies like google and exxon pay their fair share in taxes, the government gives tax breaks to corporations, taxes the middle class, then bankrupts programs like the post office.
Our roads are falling apart, the US is lagging behind on internet access, our standard of living is declining, social security and social security disability are going broke, and now the government is cutting out saturday delivery of the mail.
Surprise, surprise, surprise, the US economy shrank 0.1% in the last quarter of 2012. That 0.1% may not seem like a lot, but the real story its much worse then 0.1%.
Take these factors into consideration:
The economy shrank during one of the biggest panic buying phases in the firearms industry since the 1994 assault rifle ban.
Not only were people spending money on Christmas, but they were also buying all the guns, ammunition and magazines they could get their hands on,,,, and the economy still shrank.
One thing that caused a slowdown in the economy was a reduction in military spending. The question I have to ask, why does government spending play such an important roll in the economy? Maybe the government does not want the people to know how bad the economy really is?
Want to know why our ancestor hated banks, just watch the movie “Inside Job.”
The documentary was well done, except where Glenn Hubbard got pissed off. If he would have talked to me like he did the interviewer, I would have bitch slapped him.
Inside Job starts off with Iceland, a nation that was financially sound. that is until regulations on the banks are reduced and government oversight is laxed.
The Inside job talks to various people about what helped create the crash of 2008.
Long story short, the working class people are screwed and the banks are going to keep getting richer.
There is a saying I saw awhile back that stuck in my head – “privatized profits and socialisd losses.” Meaning, when times are good, the banks keep their profits. When times are bad, the tax payers have to foot the bill.
When the federal reserve is there to hand the banks whatever money they want, who worries about losing money?
Here we are post-election scratching our heads and wondering what went wrong. Did obama win, or did romney lose? Obama won the election, but did romney help obama win the election?
The truth is, he should have never made it past the primaries. When the republican party elected romney as their candidate, the election was lost.
The more people learned about romney, the less they liked him.
Romney has too much baggage.
1 – The way romney made his money. There is nothing wrong with making money, it was “how” romney made his money that working class people disagree with.
Romney did not create anything. His investment firms bought, striped and then resold. That is not what made America great.
You not know what made America great? We built stuff. People like Henry Ford, people that created a product that people wanted.
What jobs did romney create, what factories did he have built? All I heard about was him and his investment firms sending jobs to china.
With the advent of World War II America recovered from the greatest depression the US had ever seen.
With the advent of free trade, America will once again return to economic dark ages.
The engineers of free trade agreements said the jobs lost to cheap overseas labor will be replaced by high paying service sector jobs.
Service sector jobs do not “create” anything
Tech jobs design stuff, such as routers, switches and software, but we need working people to make those items. Who is going to assemble the circuit boards? How is going to install the circuit boards?
In other words, we need hands-on people to assemble those products.
We need ship builders, we need people to build bulldozers, build DVD players, make clothes,,,,. It is those jobs that support the middle class.
Is a financial analyst going to pour asphalt on the weekends? How else are roads supposed to be built? Someone has to operate the equipment. Someone has to build the equipment that pours the asphalt.
Its a little job stress, a lot of it is related to the nations current economic turn-down.
I supply health insurance to my kids. If something were to happen to my job, not only would my wife and I be without health insurance, but my kids would also not be covered.
Since my youngest child is under 18 years old, I am court ordered to pay child support and provide health insurance. If I could not make my child support payments, the Texas attorney general would want me thrown in jail.
I feel that I am in some kind of work release program. As long as I can hold a job and make child support payments, I am free to go and do as I please. When I can not make payments, then its off to jail with you.
Just for the record, I have never been in jail for child support. But there was a time when I did not have a job for a month or so. When I got behind on my payments, the Texas attorney general fined a motion asking a judge to imprison me.
What kind of justice is that? Get without a job, have no income, and the assholes at the Texas attorney general want to throw me in jail. Is that fair to me or my children?
With free trade, and so many companies sending jobs overseas, should the rich subsidize the poor?
If a company can afford to pay its employees well, why shouldn’t said company be required to? Should companies like walmart be required to pay a higher minimum wage then a mom and pop corner store?
Or roads are falling apart, but foxconn in china is hiring tens of thousands of employees.
Then there is the issue with companies like google setting up offices overseas to lower their tax burden.
If companies are going to exploit free trade and tax loopholes, shouldn’t they be required to give something back?
Apple makes a cool billion in profit, but yet a record number of people are on welfare.
Nobody sees an issue with that?
Infrastructure – Have you been keeping up to date on our infrastructure? We can not even keep our bridges updated, how are we supposed to fight a war with a major world power?
How many power plants have been built in the past 25 years? Not enough to stop rolling blackouts in peak summer months. If we can not even keep the lights on, how are we supposed to fight a war?
How many steel factories have been closed over the past 30 years?
Do we have the capability to make enough steel to build ships?
Shipyards – How many shipyards have been closed in the 1980s? Maybe dozens. Shipyards all along the gulf coast have been closed and demolished over the past 30 years.
In the early 1980s as the U.S. started importing more oil from OPEC, the need for offshore drilling rigs declined.
Two major shipyards in the southeast Texas area closed in the 1980s – Livingston shipyard in Orange Texas and Bethlehem shipyard in Beaumont Texas. Both shipyards were stripped and the equipment sold off to the highest bidders.
The old American Bridge yard in Orange Texas is still in place.
Thank you Russia Today for this video,
A bored society is a dangerous society. Sooner or later youths will look to blame the lack economic opportunity on “someone.”
After factories are closed and demolished, the value of the property goes down, this means less tax dollars brought in through school and property taxes. With less property and school taxes brought in from businesses, the tax burden is being shifted to homeowners. Do you ever wonder why your property taxes are so high? Maybe its related to the businesses shutting down and moving to china. Someone has to pay for the schools, since John Doe and company laid off a few hundred workers and moved to china, “someone” has to pickup the bill.
Trucks bringing supplies to factories buy fuel and other items at local stores.
When the news says that a factory is closing, the people do not realize the ripple effect that has through the community.
In Orange, Port Arthur and Beaumont Texas, there were several shipyards that shutdown in the early 1980s. Somewhere around 10,000 workers lost their jobs. Close to 5,000 of those people worked at one company.
30 years later, the area has yet to fully recover. In the early 1980s young people (early 20s) could go to work in a shipyard and make $13 and hour. These days that same age bracket works at best buy or wal-mart for around minimum wage. How is someone making barely over minimum wage supposed to buy a home, or buy a car, or raise a family?
Figure up how much money has been lost in the local economy over the past 30 years by going from $13, $14,,, $16 an hour to $8 an hour.
The middle class was disappearing in the 1990s, its even worse today. We were warned 20 years ago what free trade was going to do to the U.S. economy. What did the people do? They elected bill clinton who did a flip-flp on NAFTA. We should have elected Ross Perot. But the people in their infinite stupidity could not bring themselves to vote for any other party besides the big two.
A guy I used to talk to lost his job in the late 1990s. The company he was working for decided it was cheaper to have the parts made in mexico then in the Texas.
After losing his job, the government paid for the guy to go to college and learn a new trade.
The government loses tax revenue through lost property taxes, lost wages, lost taxes on the wages, lost social security taxes and then the government is going to pay for people to be retrained?
Property taxes are a big loss to the local community. When the school district loses part of its tax base, the lost revenue has to be made up somewhere else. When that factory closes and, the building is demolished, the property taxes might go from lets say $100,000 a year, to just a few hundred a year.
You think the tax office is going to tell the school they have to cut $100,000 from their budget? Nope. The lost tax revenue will be divided between everyone that is paying property and school taxes.
Company B looks at their property and school taxes. the owner of the company says “well, taxes went up again, time to move to china or mexico.
Then that lost tax base has to be divided between the people and companies in the community..