Tuesday, December 22, 2009

Unemployment Funds in 40 States, Broke?

Gosh, how can this be?

For many months I have been ranting about this Depression. Why? Because politicians and government workers have been manipulating every conceivable number and understating how severe this economic situation has been.

It is politically expedient for them to do so. To tell the truth, to state publicly that you are inept and have done an absolute shit job of running this country, well that kind of honesty probably won't get you re-elected. And it shouldn't.

http://www.msnbc.msn.com/id/34519544/ns/business-washington_post


A perfect example of this happens today. The original and hugely inflated GDP number for the last quarter is about to get revised downward again. It was manipulated by government giveaways like "cash for clunkers." My thought on this is simple. If you are going to engage in dishonest conduct, one time aberrations like "clunkers", then all auto sales associated with clunkers should have been eliminated from GDP numbers. Just like housing sales that qualified for 8000 dollar tax credits.

Just in. GDP was reduced to a final 2.2 number from the original 3.7 reading that kicked off a market rally. Gosh, how do you miss the mark by nearly double? Well when you manipulate it to begin with. http://money.cnn.com/2009/12/22/news/economy/gdp/index.htm

Stating the truth would be way too honest for the shit bags running this country. All "clunkers" was designed to do was create more theoretical wealth and repair broken balance sheets for the ailing banks and automakers- that government and politicians have a vested interest in now. In fact, minus clunkers and cheap imports to China's retailer Walmart, the number would have been negative once again.

The citizens of this country have been excluded, marginalized, and lied to by the people we have elected. It is a sham.

That's why I put Frankenstein Government together. We are witnessing one of the greatest thefts in the history of democracy. The elite ripping the heart out of the middle class. Make no mistake about this. It is purposeful and class driven.

For those unwilling to see this, for those people who do not care and think I overstate this, I wish you the very best of luck as you continue to turn over a greater portion of your work product and wealth than in any other time in history. Continue living your desperate, apathetic, and cowardly lives and hope it gets better. Round two is about to begin this spring.

3 comments:

CompleatPatriot said...

Maybe we shoulda hung onto the Founders Republic instead of of inserting this Democracy shit in 1868, those ole boys already knew all about DemocKracy's and those historical flops they end up becoming.. Mob Rule, Chaos, Anarchy, Bankruptcy, Fascism... Hey really neat stuff man, keep watching it gets "better"... If you're a sadist..

JimB said...

Being a small business owner, I just got notice my unemployment insurance premium is set to DOUBLE. And then I heard on the radio today the income level in Idaho has increased due to the increased amount of people on unemployment. Seems pretty whacked to me.

Brian McNary said...

Wow. That is some interesting news.

So Jim, not only is the unemployment tax set to double-but we have a big new debt on our government visa that is accumulating interest as the Feds keep borrowing money to loan to states.

California snuck in a 10% tax hike in July.

Get set for one of the nastiest round of tax hikes ever, and it will be coming from everywhere...