Presidency in the United States

Defining and getting a great president.

Archive for August 2013

Some u-bam-a Economic Destructions

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Under u-bam-a:

1) The number of Americans counted as “not in the labor force” has increased by 8,332,000.

2) The average duration of unemployment in number of weeks is up from 19.8 to 36.6.

3) Seven out of eight new jobs are part-time.

4) The middle class is taking home a smaller share of the overall income pie than ever before.

5) Median household income in America has fallen for four consecutive years.

6) The poverty rate has shot up to 16.1%, higher than when the War on Poverty began in 1965.

7) The total amount of student-loan debt has increased from $440 billion to about $1 trillion.

8) The U.S. debt-to-GDP ratio has increased from under 70% to 101%.

9) Electricity bills have risen faster than the overall rate of inflation for five years in a row.

10) The mortgage delinquency rate has increased from 7.85% to 9.72%.

 

All of these FAILURES are directly tied to u-bam-a.

But the real problem is that whoever follow u-bam-a will not reverse these economic trends.

The nation must elect a president that can and will solve problems;  not a president that puts ideology and selfish, personal goals above the nation.

Want to preserve and grow the middle class?

Want the nation to return to prosperity?

Want the United States to be the premier nation in the world?

 

The answer is simple.

Join NEW POLITICAL PARTY   http://newpoliticalparty.wordpress.com/

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated

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Written by solutions777

August 31, 2013 at 6:02 PM

u-bam-a Boondoggle Number ? : Education

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Another propaganda move by the great loser:  a plan to tackle college education costs.

This means more government money spent to accomplish nothing.  Well, not exactly nothing.  The government will hire people to develop, implement and manage the plan while creating more worthless regulations for the colleges to follow.

More government spending(new hire salaries, benefits, etc) and higher college costs(to pay for more regulations) means fewer college graduates and higher taxes; death to the economy.

Everybody wins!

By now, everybody should understand how this goes.

u-bam-a announces something(propaganda), the media jumps on board, it never works; thus more time and money have been wasted.

The nations self-destructs and u-bam-a is still in office.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated

Written by solutions777

August 22, 2013 at 9:58 PM

u-bam-a, The Budget And The Deficit

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In u-bam-a’s first term, the government borrowed about 40% of the money spent by the federal government each year.  The total borrowed was approximately $ 5 trillion.  This is a 50% increase in the federal debt in just 4 years.

If this continues over his second term, the total federal debt will have doubled in just eight years.

Each year the amount of interest paid on the debt increases.  If interest rates rise, the government will pay more interest on the same debt.  Right now interest rates are very low.  Interest rates could easily double or triple.

The United States is spending about $ 400 million a year on interest.  This is about 30 to 40% of the annual deficit.  With higher interest rates, the annual deficit could easily double.

If the economy continues to fall, tax revenues will decrease causing the deficit and the debt to grow even faster.

One has to ask whether the US reached the critical tipping point. Beyond the quantitative measurements associated with government deficits and debt, there exists a qualitative aspect to such a scenario that may be far more important. The qualitative perceptions of fiscal and monetary policies are impossible to control once confidence is lost.

This means that if the buyers of government debt lose faith in the government, they could stop buying government.  No more borrowed money for the government would cause a huge, forced cut in government spending.

The federal government has a serious budget problem.

It is clear u-bam-a is taking the nation in the wrong direction.

Politicians are not going to do anything about this.

It is up to each individual to do what is necessary!

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated

Written by solutions777

August 10, 2013 at 6:58 PM

u-bam-a Tries And Fails Again

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In the last few weeks, u-bam-a has tried two propaganda ploys to try to create a “legacy” for himself:

– With the economy, his “Grand Bargain”,  See http://777businessconsulting.wordpress.com/

– With foreign affairs, his Israeli/Palestinian peace accord; See http://newsandcommentary7.wordpress.com/

Neither will work; both are dead before they even start.

The only legacy u-bam-a will have is one of total incompetency and corruption.  His evil attempt to grab power will fail.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated

Written by solutions777

August 9, 2013 at 2:16 AM

u-bam-a And The Deficit

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The u-bam-a administration tells us that the government deficit is going to be well over $1 trillion a year for at least ten years. And that does not take into account the outlier years in the 2020s when the really heavy lifting of Social Security and Medicare kicks in.

There is a truism that goes a little like, “If something can’t happen, then it won’t.” Let me make a prediction. We won’t have a trillion-dollar deficit in ten years. Why? Because it can’t happen. The market will simply not allow it.

As I have written, we can run large deficits almost forever, as long as the deficits are less than nominal GDP. While it may not be the wise thing to do, it does not bring down the system.

But when you start adding to the deficit in amounts significantly larger than nominal GDP, there is a limit. Each dollar, like the grains of sand, adds to the potential instability of the system. Is it $2 trillion more? $3 trillion? No one can know, but the longer it goes, the worse the ensuing financial earthquake will be.

The current political class and their intentions are dangerously close to killing the golden goose. It is one thing to steal the eggs; it is an altogether different thing to kill the goose through ignorance of the consequences. And the size of the deficit, for as long as they plan to have it, will most assuredly kill the goose.

The government cannot borrow if no one will lend to it.  That day is fast approaching.

Then, the government will have to drastically cut spending, seize all money held by its citizens or just print money.  Just printing money will make dollars worthless.

The government will HAVE to cut spending eventually.  Nothing will change this.

It can be a planned cut or a forced cut, but it will happen.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

August 4, 2013 at 4:34 PM

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