Fox news is also the news company that said the army BCT is getting soft that we get to eat as much as we wont get our cell phones on us at all times and atleast 8 hours of sleep a night, None of which is true.
'cause the gummint is involved trying to fix things thats why.
FDR's programs made our economic depression last longer. while the rest of the world was out of the global depression we still had soup lines.
BO is doing the same thing, and its not working. he claims that new lower unemployment figures show its working, b/s, i believe its because employers are reaching their needed core of workers that is needed for the company to function.
so far all his rhetoric has proven false, except to his Believers.
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MOE! LARRY! THE CHEESE!
Life Member the Elmer Fudd Hunt Club
Fox news is also the news company that said the army BCT is getting soft that we get to eat as much as we wont get our cell phones on us at all times and atleast 8 hours of sleep a night, None of which is true.
if you google "army BCT is getting soft" the controversy is more than just Fox news reporting.
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MOE! LARRY! THE CHEESE!
Life Member the Elmer Fudd Hunt Club
Yes but fox news was the first to report on it and its all a line of B/S what they say about being able to eat as much as we want and sleeping 8 hours and having our cell phones is complete bs
The economy started down when Clinton said the banks had to make house loans available, despite people being unable to afford what they were buying. It just took a while for all those bad loans to get to the tipping point. Don't blame Bush, don't blame Obama, blame slick Willy.
I think Fox was comparing American's eating habits with much of the rest of the world when they made that statement. Yes, we have some hungry people here, but overall, we waste enough food every day to more than feed them well. And we eat food that requires a lot of energy input -- higher on the food chain -- than a lot of the rest of the world. And yes, we are as a nation overweight and soft. Obesity is getting to be a major problem with kids under 10. Lack of exercise is rampant among all age segments. Heart disease is caused by diet and lack of exercise far more than genetics. It is the number one killer in America. Japanese have very little, until they move here and adapt to our lifestye. Then they fit right in with our statistics.
Remember, they were talking in general, not specifically saying you personally are overweight and soft.
How many people do you know -- percentagewise -- that don't have a cell phone. I am the only non-Amish person I normally interact with who does not have one. That puts it at way over 90% of humans I interact with having cell phones. And most if not all of those people I know who are under 35 seem to have the thing surgically attached. They always have it with them.
__________________ Teach
Taxpayers voting for Obama are like chickens voting for Colonel Sanders.
let us be realistic. Any of you can check the Bureau of Labor Statistics.
It is gold mine of information.
Basically, when you eliminate "X" number of jobs while continuing to ship jobs out of the country clearly the math just works against the national interest.
This is especially true when those shipped out jobs are so very often the type manufacturing jobs that traditionally provided health insurance and retirement benefits.
For the economy to turn around (favorite phrase of politicians) then clearly we must, as a society, bring back the jobs that benefit the people.
I'm talking about manufacturing. America grew to greatness as an industrial society. We need the jobs that produce good living wages for family stability, benefits when someone is ill, and retirement for the workers. We need the type production that generates the exports to reverse the balance of trade disaster that currently exists.
We cannot continue to live in the fantasy world of a service economy. It has not worked and it will never work. Outside of the fact that it offers hope, what signs can be shown to me or anyone else to say it either is or will turn around. The only thing I do agree with is the statement it will not be what it was even a short time ago in years.
The latest Carload Traffic data from the Association of American Railroads is out. If one relies on one of Warren Buffett's traditional leading indicators, there is no respite in sight for the economy. Weekly decline was -17.1% for week 38, with material hits across virtually every carload category. Cumulative traffic decline was relatively flat over the past month at -18.2%.
Official press release from the AAR:
The Association of American Railroads today reported 271,659 carloads for the week ending Sept. 26, 2009, down 17.1 percent compared with the same week in 2008. The traffic numbers were affected by severe flooding in Tennessee and Georgia which halted freight shipments in those areas from Sept. 21-23. Flooding also impacted the western freight carriers who operate through Atlanta. At this time, freight rail operations have returned to normal. Regionally, carloadings were down 15.5 percent in the West and 19.3 percent in the East.
Intermodal traffic of 205,627 trailers or containers on U.S. railroads was down 16.5 percent from the same week last year. Container volume fell 11 percent and trailer volume dropped 37.2 percent.
All of the 19 carload freight commodity groups were down from last year with declines ranging from 6 percent for chemicals to 38.5 percent for metals and products.
For the first 38 weeks of 2009, U.S. railroads reported cumulative volume of 10,104,171 carloads, down 18.2 percent from 2008; 7,141,006 trailers or containers, down 16.8 percent, and total volume of an estimated 1.08 trillion ton-miles, down 17.3 percent. Total volume on U.S. railroads for the week ending September 26 was estimated at 28.8 billion ton-miles, off 17.2 percent from the same week last year.
Let's not forget that something on the close order of 10% of the world's merchant ship tonnage is laid up in an anchorage in Indonesia because there is no cargo for the ships to haul. That's another indicator for you.
And don't let's forget that the yankee gummint's figures on unemployment are about as accurate as someone at the Department of Labor throwing darts at a dart board while blindfolded or reading the entrails of a sheep the way the Roman augers used to do. The gummint's figures do not take into account either the people whose unemployment benefits have run out or those who are underemployed because they either cannot find full time work or can't find work at the level they previously worked at.
This country can't exist in the cloud-cuckoo-land of service industries and brokerages where paper is shuffled. We need to be building things, specifically durable goods we can sell not just to our own people, but overseas as well. Anyone notice that Obama hasn't said a single thing about revitalizing THOSE industries, apart from his loans to and takeovers of the automobile industry?
Entering the Greatest Depression in History "In light of the ever-present and unyieldingly persistent exclamations of “an end” to the recession, a “solution” to the crisis, and a “recovery” of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was “nothing to worry about,” that “the fundamentals are fine,” and that there was “no danger” of an economic crisis." Entering the Greatest Depression in History by Andrew Gavin Marshall
We stop spending these HUGE amounts of money by the federal gov't (all BLOWN to heaven knows where).
We unbridle American heavy industry from the maze of environwacko regulations which strangle them--we CAN have clean water and air and still make stuff. Getting rid of the EPA would be a good start here; or at least have some sane management of the agency.
We stop pointing fingers at each other and suing each other at the drop of a hat (fixed by a "loser pays" system as well as pulling the certification of lawyers for frivolous lawsuits and limiting awards as a percentage of the total sum).
We stop locking up capital through an insane tax code (people are NOT going to invest if they rightly believe any profits they make by putting their money at risk will be confiscated by a capital gains tax--we can fix this by going to a flat/fair tax and/or eliminating the capital gains tax for a fixed amount of time).
We stop spending (and encouraging spending) in huge debt on both a public and private scale.
We stop teaching kids wacky things in schools, to whine, and to turn to a third party vice solve their own problems (with God's guidance, of course).
We get God back into our lives, and aren't afraid at any level to exercise our freedom OF religion.
We adopt a REAL "can do attitude" and get to work.
In short, get gov't OUT of our private markets and our lives.
Worked for Reagan; it'll work now.
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God gives us free will; the statist tries to take it away
Entering the Greatest Depression in History "In light of the ever-present and unyieldingly persistent exclamations of “an end” to the recession, a “solution” to the crisis, and a “recovery” of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was “nothing to worry about,” that “the fundamentals are fine,” and that there was “no danger” of an economic crisis." Entering the Greatest Depression in History by Andrew Gavin Marshall
Saw on A Free Press for a Free People that the Arabs, and Iran will no longer be taking dollars for oil. The conversion rate to Euros will make it cost even more. When the Fed gets audited they will tank the economy. Within a couple years, Hyperinflation will be like Zimbawe. Obama will shut down coals plants, 50% of our energy. You'll need expensive permits for solar panels. Our food production is way down.
We need a new strategy. I bushel of wheat for a barrel of oil. Reminds me of the Titantic.
I came into this world kicking, screaming and covered with someone else blood. I have no problem leaving the same way.
Do you actually expect me to believe that spending trillions on idiotic programs, passing legislation that can do nothing but triple energy cost, attempting to add even more socialistic entitlements and flying off to campaign for the Olympics is not going to fix the economic situation in America????????????????????
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If our future is dependent on the integrity of our elected officials..........Best buy more AMMO
Get back on the gold standard, bring back all of our lost manufacturing jobs, restore our agricultural system, develop alternative energy scources (not just talk about them), get the government out of any and all private business( if private business fails, that is there problem), stop spending trillions of dollars on pork projects, tell the arabs and other oil producers to take a hike and use our own rescources, end the madness of all the president's 'czars', make congress accountable for each and every dollar spent, restore state's rights, tell the enviornment whackos to take a hike and cut the welfare rolls by making those who get welfare either work or prove that they cannot work and make them pass a drug test before collecting public assistance. cherish our constitution and all of it's admendments and use it as law of the land, not some whacko federal judge or some government idiot. and above all, make the current prez prove conclusivly that he is in fact an american citizen and he if does not or cannot do this in a reasonable length of time, impeach him.
hay1, I hear what you are saying regarding the gold standard; going off it was not one of Nixon's better moves. But I have to point out something to you: Unless we can recall all the paper dollars loose in the world and find some way to remove 7/8ths of Zen dollars that exist only as ones and zeroes in computers around the world, we can't do that.
Every pretty piece of paper cranked out by the US Mint with a dead statesman's engraved picture on it is a debt that the US Treasury must honor. It used to be, as recently as 1934, that you could take a pile of paper money to the Treasury and demand that the Treasury redeem it in gold. The few people who did this were paid with US gold coins, but in theory if they had brought in enough of those pieces of paper, the Treasury could have paid them off with a gold bar. One of the reasons FDR called in the gold coins and melted them down was there were so many paper bills in circulation, the Treasury did not have enough gold to back them all. By doing that, he put a stop to people redeeming paper bills for gold. At the time, gold was selling at $35 a troy ounce. There are 13 troy ounces in a pound, and the gold bars that eventually were centralized at the Gold Depository at Fort Knox weigh 47 pounds apiece. That means that back then each bar was worth $21,385. To put it in perspective, that was as much money as the average worker made in 12 years.
That did not stop governments from demanding to be paid in gold. While I'm not sure how the United States ended up owing the French money after World War II - I mean, shouldn't we have billed them for all the military equipment we gave them, and charged them for liberating their country for them? - the Frogs demanded and received payment in bullion, not paper specie. The amount of bullion Jean Crapaud took from us was one of the reasons Congress forced the Treasury Department to open up the Depository to an inspection by a Congressional delegation headed up by Kentucky's senators in the 1970s; the only time since it was built that anyone other than Treasury employees has ever gotten inside the vault and viewed the contents.
Yes, there is - or more exactly was, as recently as 35 years ago - a whole big pile of gold in the vault at Fort Knox. The best estimate I've heard was that there is something on the order of three-quarters of a trillion dollars or a trillion dollars-worth of gold bars in there. The problem is that there is something like 15 trillion dollars-worth of paper and electronic dollars circulating in the world. Whatever the exact figures are, the bottom line is the amount of gold in Fort Knox, at the Federal Reserve banks around the country, and at the three silver depositories the government has is not sufficient to back them all.
That leave us with two choices. We either have to find a way to pull back into the Treasury enough dollars that we can take them out of circulation and the issue only as much as can be backed with bullion; or we have to remonetize and issue only as much money as we can back with bullion.
If we go to do the latter, we will kick the slats out from under the world banking community and will create a depression that will make the Great Depression look like a hiccup. If we could do the former, the value of the dollar would rise, perhaps all the way back to their being worth 100% of face value. Just don't ask me how to do that; I'm a navigator, not a magician, and certainly not an expert on monetary theory.
Let's just see who winds up sitting on top of the gold in their counting houses,all in due time.
Of course the view may be a bit obscured by the smoke and mirrors.
Teach
