Well we are closing in on the New Year and it would be nice to be looking at 2011 as a new start with potential for new opportunities. But then that god damned old reality keeps getting in the way. A rich corporate business man, speaking on Bloomberg, said that the rich were still holding on to $2 trillion because the uncertainty in reference to taxes was still looming. In essence the huge tax cuts given to the top 2% is not going to create one job.
This rich fellow went on to state that a majority of the stimulus monies were being spent on investments in China, and of course he was laughing when he said it. He finished by saying that he predicted that the states, in order to stay fiscally solvent, will be cutting between one and two million jobs from the public sector.
Another economist on Fox News declared that we are going to have to cut unemployment benefits down to thirteen weeks and change the percentage at which full employment is considered to exist from 5% to 8% of the work force. Now that is genius at work. End the crisis by changing the criteria. Think of like this, if 8% unemployed is considered full employment for our country we are only 1.8% away from full recovery. And what of those 8% that will be removed from the equation? Well the man said they are going to have to find a way to deal with them. Wonder what that means.
Here is a clue; a commentator on MSMBC was talking about the Philadelphia Eagles delaying their game because of the blizzard. He said that the Americans are a bunch of wooses and that the Chinese would never let a storm stop them, which reminded me of another comment the fellow from Bloomberg made saying that the middle class in China Is exploding.
This scenario is also being used to explain why we have to pay more than $3.00 per gallon for gasoline. You see all those Chinese in that exploding middle class are buying brand new cars, creating more demand for gas, thus higher prices. Don’t you just love the way they use that supply and demand scenario whenever they can find a way to work it in? And then when there is a large jump in prices that cannot be connected to supply and demand, it suddenly becomes a mystery as to what happened.
The fact is that the banksters are taking the bailout monies that were supposed to free up credit and they are buying oil futures, thus driving the price up and making billions. What a country. We give them the knife to cut our throats with.
I predict that by the end of February we are going to see massive job losses, which are going to be blamed on lack of confidence brought on by the government’s failure to give more tax cuts to the rich. This will be followed by attacks on Unemployment Compensation, Social Security, and Medicare. Hell of a choice they are giving us, poverty under socialism or poverty under the robber barons.
As for the 99ers maybe they will find their fighting spirit when they are down on the ground and having the boots taken to them. Sometimes it takes a good ass kicking to snap people back into reality. Well, get ready, it’s coming.
CHANGE YOUR PARTY AFFILIATION TO NON-PARTISAN STARTING JANUARY 3RD!!!