Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Posts Tagged ‘stimulus package

The last time the Dow was this high…..

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The last time the Dow was this high…

•Food stamp participation was 26 million, today it’s 48 million
•Gas was $2.75, today it’s $3.80
•Gold was $748, today it’s near $1,600
•U.S. National debt was 9 trillion, today we are at $16.4 trillion

Disappointed in Paul Ryan

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I had a glimmer of hope late last summer when Romney picked Paul Ryan as his running mate. Even though I voted for Gary Johnson (in OR Obama was a slam dunk), I felt that the GOP had finally woken up and were listening to the people. Well, last night Paul Ryan just kissed his 2016 Presidential run goodbye. I realized that I should not put the hopes of the country in a single DC insider, but rather in myself and in my like-minded followers. Thank you for be there for me and let’s move a mountain.

Wage and Price Controls hurt those it is intended to help

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A minimum wage is considered a price floor. In other words, it is a level below which the price of something is not allowed to fall.
When an employer is forced to pay someone a wage that is higher than what the free market would bear, they must make a decision to hire that person or not. If the cost to hire a person at an artifically higher wage is not cost effective, he/she will not make the hire. In addition, If a small business owner is paying his employees an hourly rate and that rate is raised by minimum wage laws, he/she has to make a key business decision; who should I fire to cover for the rising labor costs. Remember, minimum wage laws are political. Politicians would never get elected if they said, “Let’s get rid of minimum wage!”

The implications of the breakdown of globalization are massive.

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The implications of the breakdown of globalization are massive. Globalization has become an ultra complicated web of worldwide trade that supports the backbone of the modern economy. It really makes no sense when looked at from a stability perspective though. We all know about the shipping of jobs overseas, but this isn’t the biggest problem we notice when globalization is examined. Entire nations derive their resources from all over the planet in order to turn a profit and feed their populations. They source materials from everywhere imaginable that keep the gears of the industrial world turning with almost spectacular precision.

Written by opinionoregon

November 5, 2012 at 5:21 pm

American’s are Debt Slaves, see the how large the problem is

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 Debt Slaves
  • Student loan debt in the U.S. is nearing 1 trillion dollars
  • With government support, colleges can raise tuition to whatever they want, and they have. The only thing rising faster than college tuition is our government health care system.
  • Two-thirds of all college students graduate with student loan debt
  • Borrowing for college students is up 100% in the past 10 years
  • Today, 46% of all Americans carry a credit card balance month to month
  • Americans have 600 million active credit cards in the U.S.
  • Consumer debt has increased over 1,700% since we dropped the gold standard and went 100% fiat
  • 45% of cars are now being financed for 6 years
  • 70% of ALL car purchases in the U.S. involve an auto loan
  • 45% of auto loans are subprime
  • Right now 8 million Americans are at least one mortgage payment behind
  • Mortgage debt as a percentage of GDP has more than tripled since 1955

Sinking to 3rd World Status

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What characteristics define a 3rd world country?  High unemployment, lack of economic opportunity, low wages, widespread poverty, extreme concentration of wealth, unsustainable government debt, control of the government by international banks and multinational corporations, weak rule of law and counterproductive government policies.  All of these characteristics are evident in the U.S.

Other factors include poor public health, nutrition and education, as well as lack of infrastructure.  Public health and nutrition in the U.S., while below European standards, stand well above those of 3rd world countries.  American public education now ranks behind poorer ountries, like Estonia, but remains superior to that of 3rd world countries.  While crumbling infrastructure can be seen in cities across America, the vast infrastructure of the United States cannot be compared to a 3rd world country.  However, all of these factors will rapidly deteriorate in a declining economy.

Economic Riots coming to America

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For a long time, there have been those that have warned that economic riots are coming to this nation.  Anger and frustration with the economy and with our financial system have grown to unprecedented levels, and this has fueled the rise of the various protest movements that we have seen over the last couple of years.  People are fed up and they want solutions.  Unfortunately, anger and frustration can express themselves in dangerous and unpredictable ways.

What we have seen in Oakland, in Seattle and in other major U.S. cities this week is only just the beginning of the assive economic riots that are coming to this country.  Yes, “anarchists” were responsible for quite a bit of the violence that we have seen this week, but they were not the only ones involved.  Some protesters were getting violent too, and there has also been quite a bit of police brutality.  Of course the vast majority of Occupy Wall Street protesters do not want anything to do with violence and they recognize that violence is not the answer.  But that is the thing with anger and frustration.  It is hard to contain them in neat, self-disciplined packages.  As the economy continues to get worse, the protests will grow and unfortunately so will the violence.  You can preach the benefits of non-violence all day long to  some people but they just will not get it.  America has reached a turning point,  and what we are seeing now is only just the beginning of the madness.  In the years ahead we are going to see rioting that is going to be absolutely