Archive for August 21st, 2010

by problembear

give up?    an unholy alliance between republicans, fox, and the saudis.

that’s who.

wag the dog republican style. that’s the way to regain power. spend a little cash to cause a controversy. report on it with your own personal news service. wait for the stupid democrats to start fighting each other over it, then cash in on tea baggers hurling racist ignorant garbage at the president…..

that’s how.

brilliant!!!

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by problembear

if you thought the so-called recovery was merely stalled a little, this economist is not reassuring ………..


“…..Celente pointed to a near-riot that took place last week in Atlanta when 30,000 people showed up to be put on a housing waiting list, saying that the event is a harbinger of what’s to come.

He also argued that the way unemployment is measured today masks a much larger joblessness crisis because “once you’re off the unemployment rolls, you’re no longer unemployed.”

Celente said the current unemployment rate, if it were measured as it was measured during the Great Depression, would be around 17.5 percent. And he expects that number to rise to around 22 percent in the coming years.

“One of the good businesses to get in to may be guillotines,” Celente quipped. “Because there’s a real off-with-their-heads fever going on. People are really fed up.”

Celente argued that the conditions needed for an economic recovery simply don’t exist. “Let’s go back to the 1990s. We’re in a recession. What got us out of it? The Internet. It wasn’t a government policy, and Al Gore didn’t invent it.”

But today, Celente argued, there are no new booming industries pushing towards economic expansion. And the US middle class may not have the right skills to take up the challenge.

“We went from a country that used to be merchants, craftspeople, manufacturers, to clerks and cashiers,” Celente said. “We have to bring manufacturing back to America.”




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