Hi Screaming:
Trillion dollar Stimulus Plan NOT Working
In remarks he made before his cabinet meeting today, President Obama acknowledged that the U.S. economy has improved, but also noted that it's still "got a long way to go." And after the unemployment rate increased to 9.4% in May, he pledged that his economic stimulus would end up saving or creating 600,000 jobs in the next 100 days . . .
Anyone thinking for one minute that the U.S. Economy has improved is out of his cotton-picking mind!!! This Multi-Trillion-Dollar Spending Spree has
NOTHING to do with improving the U.S. Economy.
NOTHING. If Senor Obama had any intentions of 'helping' the U.S. Economy, then he would put a stop to all the
Outsourcing of JOBS and
the importation of millions and millions and millions of Foreign Nationals (legal and illegal)
'displacing' U.S. Workers/Consumers from JOBS. (my
8 reasons for collapse is
here) The Economic News Report from the Bureau of Labor Statistics says,
Employment Situation Summary
"The number of unemployed persons increased by 787,000 to 14.5 million in May, and the unemployment rate rose to 9.4 percent."
Even if that lying Foreign National in the White House saved 600,000 jobs (a silly claim he can never prove), that would represent fewer jobs saved than were LOST last month alone. Barack Obama thinks everyone in the USA is ignorant and stupid without one brain in their head, if he can sit there and make this stupid claim 'and'
LIE LIKE HELL at the very same time.
The key number to watch is the number of Foreclosures that Bloomberg reported to 'increase' from
7.88 percent to 9.12 percent (
story), which represents
"the biggest-ever increase." The daily number of
'bankruptcies' has been rising every month and is now about
6000 per day (
story) and growing where,
"This represents a whopping increase from last year of over forty percent."
Home prices and sales decline again (
story), which is decribed as,
"The steep slide in home price accelerated at a record pace . . .". California Foreclosures are
"About To Soar" (
story) and we are still looking at 'more' than 10,000 foreclosures every damned day, as we have already passed the
1,000,000 foreclosure mark for 2009 (
story). All of this is 'bad news' for the big banks that will definitely see the values of their mortgage-backed security portfolios go DOWN and DOWN and DOWN into the gutter.
Obama is standing up in front of the TV and lying through his teeth, when in realty the
U.S. Economy is teetering on Implosion/Collapse (
story). We simply have too many gullible day traders ready, willing and able to believe Loyal Bushie/Obama LIES . . . as the fundamentals for all the markets went south long ago. Right now the Chinese are making demands that the USA should begin issuing bonds in
'yuan, rather than dollars' (
story).
We are still looking at around three million more Americans losing their JOBS in the next five or six months and eventually the Obama Fascism Kool-aid will wear off and the fake markets will come tumbling down (
www.trendsresearch.com) . . . Watch and see . . .
[ame="http://www.youtube.com/watch?v=9nJ7LM3iyNg"]Gerald Celente Knows[/ame]
GL,
Terral