Trader Joe’s drops plan to build store in Portland, Oregon because of black racism

No, this isn’t a joke.

This story comes via TopConservativeNews.com, who notes the following:

Notice that it is perfectly acceptable for black people to oppose the demographic change of their neighborhood. If the races had been reversed, the national media would be screaming “RACISM!”

Consider this statement from the Portland African American Leadership Forum. They “remain opposed to any development in N/NE Portland that does not primarily benefit the Black community.” This would be a national controversy if the races were reversed. They would be denounced as the Ku Klux Klan.

The story via AP:

PORTLAND, Ore. (AP) — The Trader Joe’s grocery-store chain has dropped a plan to open a new store in the heart of the city’s historically African-American neighborhood after activists said the development would price black residents out of the area.

 

The grocer, whose stores are found in urban neighborhoods across the nation, said Monday it wouldn’t press its plan, given community resistance, The Oregonian (http://bit.ly/1n7Jyqb ) reported.

“We open a limited number of stores each year, in communities across the country,” it said in a statement. “We run neighborhood stores, and our approach is simple: If a neighborhood does not want a Trader Joe’s, we understand, and we won’t open the store in question.”

The Portland Development Commission had offered a steep discount to the grocer on a parcel of nearly two acres that was appraised at up to $2.9 million: a purchase price of slightly more than $500,000. The lot is at Northeast Alberta Street and Northeast Martin Luther King Jr. Boulevard and has been vacant for years.

So, why did Trader Joe’s decide not to build there, well for two reasons:

Critics said the development would displace residents and perpetuate income inequality in one of the most rapidly gentrifying ZIP codes in the nation.

…and the biggest reason? This:

The Portland African American Leadership Forum said the development commission had in the past made promises about preventing projects from displacing community members but hadn’t fulfilled them.

It sent the city a letter saying it would “remain opposed to any development in N/NE Portland that does not primarily benefit the Black community.” It said the grocery-store development would “increase the desirability of the neighborhood,” for “non-oppressed populations.”

Mayor Charlie Hales and the urban renewal agency’s executive director, Patrick Quinton, signed a letter in January that described what they said was the commission’s contributions “to the destructive impact of gentrification and displacement on the African American community.

Translation:

We don’t want no honkeys in our neighborhood! If you ain’t black, we don’t want your business here!

Now, could you imagine, if a business, who was owned by a black man, wanted to open a store, say in like Troy, Michigan or Rochester Hills, Michigan; which are, for what it is worth, predominantly upper middle class/wealthy class, white neighborhoods and a group of white people starting complaining about it and starting saying that it would cause the neighborhood to go into decline? Man, Al Sharpton and Jesse Jackson would be all over it!

There would huge protests and it would be all over the media. However, because this is a black thing, and the company is white owned; it is no big deal, nothing to see here, move along. :roll:

This is why I continue to run this blog; regardless of the fact that I make little or nothing on this blog at all, despite the fact that I make little or nothing on this blog, since Google Adsense dropped me. Because this sort of stuff is NOT reported by the national media; least of all by MSNBC and CNN. Fox News most likely will not touch it either, because of the taboo subject.

Furthermore, I believe that the Conservative right just will not touch this one; because they are afraid of being called racists. I do not have such issues. I simply do not care what blacks really think of me; least of all black liberals. Considering what happened to my cousin and myself; I think I’ve earned the right to point this stuff out.

By the way; these are Obama’s people and don’t you ever forget it. :mad:

 

Blockbuster Video RIP

Some shocking news, Blockbuster video goes the way of the 8-track tape.

The Story:

Englewood, Colo. — The final curtain is falling on the Blockbuster video-rental stores that Dish Network Corp. owns in the U.S.

The closures announced Wednesday will affect about 300 Blockbuster locations scattered across the country. Dish Network expects the stores to be closed by early January. Dish Network says about 2,800 people will lose their jobs.

There are over a dozen Blockbusters in metro Detroit.

The Englewood, Colo. satellite-TV provider also is shutting down Blockbuster’s DVD-by-mail service next month.

Dish Network’s retreat will render Blockbuster’s once-ubiquitous brand nearly extinct. About 50 U.S. stores operating under franchise agreements will remain open.

Blockbuster’s downfall began more than a decade ago with the rise of Netflix Inc.’s DVD-by-mail service, followed by the introduction of a subscription service that streams video over high-speed Internet connections.

Dish Network bought Blockbuster out of bankruptcy court in 2011.

via Blockbuster shutting down 300 remaining U.S. stores | The Detroit News.

I am old enough to remember when Blockbuster video started back in the late 1980′s/early 1990′s.(*) Sad to see them go; but times change, the advent of high speed internet, basically rendered the rental of Video tape and DVD’s old hat.

Still though it is a bit of a shock to see something like that go away.

* = Update: Least I that should be accused of not knowing what I am talking about; According to Wikipedia, Blockbuster Video was formed in 1985. However, I lived in Southwest Detroit from my date of birth, which was in 1972 till 1989 and we never saw them there at all. My family moved from Detroit to the southern suburbs of Detroit in 1989; and around 1990 or 1991 is when we noticed the first blockbuster opened around here. I guess I am showing my age a bit. :oops: 

 

 

JCPenney, Business and Snobbery

It is a sign of the times, but it is happening:

Thompson talks about the economic trends that spelled doom for JCP. I don’t know about economics, but I do know that it’s strange, in an emotional sense, for me to see so many of the iconic retailers from my childhood fall by the wayside. I couldn’t tell you the last time I shopped at Penney’s. Probably when my mom took me there as a kid. Sears was the big retail presence in our family’s life in the 1970s. I went to a Sears store for the first time in decades last fall, looking for a kid’s coat, and I was shocked by how depressing and low-rent everything looked. This is not a store that has life in it, I thought.

Montgomery Ward used to be a big part of my childhood too. It died a while back.

via Poor JCPenney | The American Conservative.

A couple of things:

  1. Low rent. Low Rent?!?! Seriously? :shock:  Is this the image that Rod Dreher wants to convey? As an snobby asshole, who thinks he is better than anyone else? I do not know the guy — but as someone who grew up in Southwest Detroit in the 1980′s, that little remark really tripped my “this guy is a racist, elitist asshole” alarm. Also too, I still have family, in the form of Cousins who still live down there, including the daughter of my Father’s kid sister, who works TWO jobs to survive down there. She also is a registered gun owner. Something that I just found out here recently. Needless to say, I was most impressed with that! ;) :D :P
  2. JCPenney, Montgomery Wards, Sears are all relics of the past. They are pre-internet businesses that did well, when brick and mortar businesses ruled the world. K-Mart is having the same problems. But, K-mart learned to adapt to the changing business world. Sears and the others, have not been so smart about it and because of it, some have failed and others are coming close to failing.

But still, Low Rent?!?! Egad.  :roll: It just struck me as quite snobbish and bit racist. Why didn’t he just say that the place looked bad and had black people in it or something? It would have had the same effect. One thing I have never done is judged those who live in different situation as me; money-wise or whatever. Because I well know that I could very be in that place myself. I mean, I  not might have the best circumstances, but things could be much, much worse for me. For that, I am very grateful. I have said that before and I try to keep it in mind.

Here is a good way to get sued

He is making a good point, but this guy is literally begging to get sued by someone.

VERNAL — When George Burnett first set up shop in Vernal, he knew he had to find away to connect with his adopted community if his custom seat cover business was going to survive.

So, armed with a sandwich board emblazoned with the phrase “Honk If You (Heart) Drilling!,” Burnett took to the corner of 500 East and Main Street and began his one-man crusade to boost the spirit of a community that was getting its first glimpse of another oil and gas bust.

Fast-forward nearly five years and Burnett — now a local celebrity for his tireless support of the Uintah Basin’s energy industry — has launched a new business that’s earning rave reviews just weeks after opening its doors.

“I love this place. I will support this place with every fiber of my being,” said Corey Peterson, a personal trainer who stopped by the I Love Drilling Juice & Smoothie Bar on Monday morning for a thick, green drink filled with avocado, spinach and fresh apple juice.

“It’s a good place to come for lunch,” added customer Shauna Snow, “or for a good snack that’s healthy, not processed and also can give you good nutrients.”

But there is one thing about Burnett’s latest venture that’s left some folks with a bitter taste in their mouths.

“I’m very open about it, very public about it, that I’m going to charge them a little bit more, and I have liberals come in and pay the extra dollar surcharge,” Burnett said, referring to his unique pricing structure.

via Liberal tax leaves bitter taste in some smoothie drinkers’ mouths | ksl.com.

Charging one price to a conservative and another one to a liberal? That is grounds for a discrimination lawsuit. I wonder, would he charge a black man one price and a white man another? The point is, you charge everyone the same or you don’t stay in business, at least not for very long. I am just waiting for some black liberal to come into that shop and get charge a higher price. The lawsuit would be good!

Stupid Conservatives. This is why I quite supporting them. :roll: Especially when they started lying to the people that voted for them.

Trickle down recession

This is what happens when Washington DC scares the living crap out of everyone:

SINGAPORE: Oil prices fell in Asian trade today on signs of weaker US energy demand and as positions hardened in a fiscal showdown in Washington that could push the world’s biggest economy back into recession.

New York’s main contract, light sweet crude for delivery in January was down 16 cents to USD 87.72 a barrel in the morning and Brent North Sea crude for January shed nine cents to USD 108.72.

A weekly US government report released yesterday showed a surge in supplies of gasoline and other products, indicating softer demand in the world’s biggest oil consuming nation.

The supplies of distillates, which include diesel and heating fuel that are closely watched at the onset of winter, rose by three million barrels, while gasoline inventories leaped by 7.9 million barrels, five times more than forecast.

“Oil prices fell… after data showed a huge increase in gasoline stockpiles in the United States last week,” Phillip Futures said in a market commentary.

The political impasse in Washington over avoiding mandatory fiscal cliff of tax increases and spending cuts in January that may toss the US economy back into recession was casting a cloud on sentiment.

via Oil prices down in Asian trade – The Economic Times.

This is what happens when you scare the living crap out of everyone with a chicken match. If you are invested in oil, get out while you can. On the other hand, gas prices are going to come down and for we middle class, that is a very good thing. But, for those in the market, it sucks. Good time to get out of futures and get into gold or something.

Oh yes, and the Democrats are owning this one too.

BP should tell the USA, “Hasta la vista!”

Because this is nothing more than this Presidential Administration trying to run this oil company out of business:

WASHINGTON — Government officials have temporarily banned BP from new federal contracts because of the 2010 Deepwater Horizon blowout and oil spill that killed 11 workers and polluted hundreds of miles of Gulf of Mexico shoreline.

The Environmental Protection Agency said Wednesday that it was taking the action because of BP’s “lack of business integrity” demonstrated by the accident and the company’s inability to curb the flow of oil into the gulf. BP pleaded guilty earlier this month to federal criminal charges arising from the disaster and agreed to pay $4.5 billion, including $1.26 billion in criminal penalties.

The suspension will be effective “until the company can provide sufficient evidence to E.P.A. demonstrating that it meets federal business standards,” the agency said in a statement. The action does not affect the company’s existing federal contracts.

BP had no immediate comment on the announcement.

The British oil company is one of the American government’s largest contractors, 45th with $1.47 billion in federal business in 2011, according to a ranking compiled by the General Services Administration. The company’s biggest customer is the United States Department of Defense, to which it provides more than $1 billion a year in fuel.

via United States Temporarily Suspends BP From New Contracts – NYTimes.com.

If I were BP oil, I would tell the EPA and the Obama Administration, “When your reign of terror is over, we will come back. Until then, we are out of here.”

Because it is quite obvious to this writer that the Obama Administration trying to break this oil company’s back or force them to leave the Country. Therefore, I would give them what they wanted and I would end the North American Operations of BP and sell off all the American company assets to the highest bidder and get out of the American oil business until the end of Obama’s term.

If Obama is that desperate to see the American oil industry handed over to his Arab friends, than I would allow that to happen; so that Americans can see just what kind of person that he really is. Which is someone who cares about American workers and America itself, as he does about his own socks.

I wouldn’t want this man’s troubles

Go read at CNN

I talk a mean game on here quite a bit about business and owning one and such. But, honestly? I would not have the stomach for that sort of wild and crazy ride.

In business there is risk, and this dude gambled and went up, way up. Now, the bottom is coming out for him and he’s coming down. The going up part is great. It’s that coming down stuff that really sucks. I’d lose it, if I lost that big after having so much and then losing it all.

Obviously somewhere along the line, this guy did not heed a sign that things were flying apart on him. He’ll pay a price for that, if he doesn’t go mad first.

Again, owning a business is great. But, not losing ones soul and mind; and not ending up bankrupt and broke in the process of owning one — is even better.

GM’s jobs news is nothing more than a ruse

Great and wonderful news, right? Wrong.  Just another bogus headline from a company that is about ready for bankruptcy.  This story comes via MLive.com.

General Motors Co. and the state are expected to announce today that GM will create 2,000 new jobs in Michigan, beginning with up to 1,500 at a new information technology innovation center in Warren.

The automaker and the Governor’s Office are expected to make formal announcements later today.

It’s unclear where GM would add the other 500 jobs, but the state says the innovation center is the first of three projects the company will announce.

GM will invest $300 million combined for the three. The state said GM plans no major investment spending on the information technology center; it will be housed in an existing building undergoing renovation on the Warren Tech Center campus.

The center will hire 1,500 new employees within four years and will add to information technology employment already in Warren, Randy Mott, GM’s vice president of information technology and chief information officer, said in a Friday interview.

via GM to add 2,000 jobs in Michigan | The Detroit News | detroitnews.com.

This is where I am going to get accused of sounding like a Democrat or something worse.

This headline is the biggest stinking joke, since the election Barack Obama. These jobs above here? There are not jobs that anyone could do, you know, like me? These jobs are one that would need some serious degrees —- none of which I honestly have at all. So, these are not 2000 jobs for the public, like labor jobs; as the labor jobs are protected by the unions. These are tech jobs that will end up being filled by immigrants, legal or otherwise from foreign countries; who have the degrees to get these jobs. The rest will go to protected minorities, who happen to have those degrees as well.

I just have to ask aloud; how much of this investment, came from the taxpayers dollars that ended up bailing out this failed business? I really do not know if I really want to know the answer to that or not. However, what I will say is this here; the local Detroit media needs to stop with the dishonest headlines and get out of tank for the big three.  I mean, do not get me wrong, I want to see General Motor succeed, as their success personally affects my family, namely my Father, who retired from that company after 31 years. But, when I see dishonest headlines like this, it disgusts me. People scanning through, think GM is mass hiring workers for the plants. Which they are not, they are hiring salaried employees, that they really do not need and doing this, will most likely make them go broke again.

It is time, that the local Detroit media started telling the complete truth about the big three.

Mob of black teens overrun a Detroit gas station and rob it

Please note: This report is not about racial hatred or bigotry; this is about the realities of living in Detroit and the out of control black hoodlums that control that city and the incompetent and racially biased Police that supposedly protect that god-forsaken city. 

—-

This is a personal story for me, I live in the southern suburbs of Detroit. I grew up on the southwest side of Detroit, Michigan. I remember what southwest Detroit was like when I was a kid in the 1980′s. I also know what southwest Detroit is like now; and believe me, it is not any better. I saw this story over on Joseph Farah’s WorldNetDaily.com, and I thought, “You have got to be kidding me!” But, not they were not, I checked and sure enough this is a ongoing problem. I know right where this station is, believe it or not and yes, that is a very rough part of Detroit and personally would not want to live or work over there at night.

Here is the news video report from WND.com:

Story Quote:

Even the old-timers in Detroit never have seen anything like this: A mob of 40 black people moved into a convenience store and will not leave.

They say they now own it. They eat. Smoke. Cuss.Threaten. Spit. Rob. Sell drugs. All on video.

Police, ministers, neighbors, the store owner and just about everyone else seems powerless to stop them.

“It’s a Bad Crew gas station,” said one of the mob to the local Fox affiliate. “If you don’t know what that is, I can’t even tell you.”

The owner calls police, but nothing happens. The police “come here and then they leave. Two minutes later they (the mob) are back.”

Earlier this month, members of the Perfecting Church, one of Detroit’s largest black congregations, counseled the members of the mob to stop their evil ways

Absolutely disgusting. :mad:

Here is a link to an earlier report on the same gas station with Church people pleading with black thugs to pweeeeze stop robbing this story. :roll: Via Fox 2 Detroit:

Fox 2 News Headlines

Quote:

DETROIT (WJBK) -
A Detroit man says his business is being held hostage by a group of teenagers who continually loiter inside and out of his gas station.

“There’s a lot of good people around here,” said the station owner, who wished to remain anonymous. But now, those good people aren’t coming as often to the Marathon station along W. 7 Mile Road on the city’s west side.

“This is a Bad Crew gas station,” said one teen loitering out front on Tuesday. When asked what that meant, he said, “If you don’t know, I can’t even tell you.”

Surveillance video obtained by FOX 2 shows as many as a dozen teens hanging out inside the store, smoking cigarettes, sitting on countertops and even spitting into sinks.

The owner says as many as 40 teens can be hanging out in front of the station at any time. “Destroying my store. Destroying my business,” said the owner.

He says his clerks are too frightened to take action against the teens and he’s worried that the loitering could lead to violence.

Detroit police have been called numerous times to the store, but the owner says right after officers disperse the crowd and leave the scene, the teens returns to their normal posts.

Leslie Cunningham, who lives nearby the station, says members from Marvin Winans’ Perfecting Church have recently been to the station to talk to the young people. “It’s out of hand,” said Cunningham. “We try to raise young people around here that they would be concerned and care about their area and this is what we have to contend with.”

The owner, and father of four, says he would walk away from his business if he didn’t owe so much on it.

Okay first of all; the only language that this young black thugs understand is the language of an end of a gun. If that station hired some ARMED guards, with say, a few AR-15′s modded for automatic fire, I tend to believe that these thugs would find somewhere else to hang out and rob. The only mentality that these black thugs understand is “survival of the fittest.” Because of this problem; this business owner is going to have to make some serious adjustments.

Again, this is not about racial bigotry or hatred. It is about reality. The reality is this: the reason why this is not being dealt with is because, when you have a black police force, black youth, who are committing the crimes are not going to be dealt with at all. Because in ghetto culture, “brother don’t cut another brother!” If you know what I mean. This credo dates back to the days of slavery, which when one slave would do something wrong, and another slave saw it; he had two choices, rat his fellow black brother out or keep his mouth closed. Most chose the latter. This is why you have black thugs running wild in the streets of Detroit. Because quite frankly, the Detroit cops do not care. As long as they are not murdering anybody; the police attitude is let them go.

Of course, the standard disclaimers and excuses will be rolled out by the City of Detroit. Ones like, “We do not have enough police.” “We don’t have enough money to have police around at all times.” But we who have lived in the city of Detroit. We know. That the fact is that minorities; black and latino, can do pretty any darned thing that they want to, as long as no one gets killed and the city police will not do anything about it. Now, if you are a white man, and did something like this — oh yes, your butt would be in jail in no time flat! But if you are black or latino, it is just a normal part of living in the city.

Just in case someone happens to read this, from say the city of Detroit or one of residents. I have one thing to say to you

PROVE ME WRONG!

Also too, as I was finishing this story. The irony hit me.. We have police who are so damned eager for a police state. Except, when it comes to stuff like this here. Blacks out of control? No problem! But, you let a white man get a little out of hand and it is the police state army AKA as the swat team — to the rescue!

Drop in voter registration in Ohio

Despite what has happened locally here and how I feel about it; I must continue on writing and blogging about what I consider to be important.

It seems that in Ohio, there has been a decline in voter registration, especially in Democratic Party strongholds. This is also signaling a national trend. Here is the Story and Video via Fox News Channel:

The Video:


The Story:

“Don’t boo, vote,” President Obama often says in his stump speech whenever crowds boo a Romney plan.

The off-hand call to vote may be by design. It comes amid a precipitous decline in Democratic voter registration in key swing states — nowhere more apparent than in Ohio.

Voter registration in the Buckeye State is down by 490,000 people from four years ago. Of that reduction, 44 percent is in Cleveland and surrounding Cuyahoga County, where Democrats outnumber Republicans more than two to one.

“I think what we’re seeing is a lot of spin and hype on the part of the Obama campaign to try to make it appear that they’re going to cruise to victory in Ohio,” Cuyahoga County Republican Chairman Rob Frost said. “It’s not just Cuyahoga County. Nearly 350,000 of those voters are the decrease in the rolls in the three largest counties, Cuyahoga, Hamilton and Franklin.”

Frost points out that those three counties all contain urban centers, where the largest Democrat vote traditionally has been.

Ohio is not alone. An August study by the left-leaning think tank Third Way showed that the Democratic voter registration decline in eight key swing states outnumbered the Republican decline by a 10-to-one ratio. In Florida, Democratic registration is down 4.9 percent, in Iowa down 9.5 percent. And in New Hampshire, it’s down down 19.7 percent.

“It’s understandable that enthusiasm is going to wane a little bit from that historic moment (in 2008),” says Michelle Diggles, the study co-author and senior policy adviser for Third Way. “You can only elect the first African-American president of this country once.

Of course, there are other reasons why people are just not happy anymore with the Democrats:

One Democratic Party consultant told Fox News that independents in Ohio may be leaning Democratic – an effect that may be tied to the bailout of Chrysler and GM. One of eight people in Ohio work in businesses directly tied to the auto industry. The state has been carpeted with Obama ads that point to his bailout of the industry and it’s managed bankruptcy.

I do not mean to toot my own horn; but in this case, I must. I predicted that stuff like this would happen on my old blog. When the bailouts happened, and when the healthcare bill was pushed through. The truth is Independents are simply running away from Obama. Another thing too that this report did not cover; is that some Democrats are simply not happy with the Obama Administration. This is for a number for reasons: The continuation of Bush’s polices on the war on terror and the war is one. The failure to close the prisons in Gitmo is another. The continuing of the war in Afghanistan is another. Also too, Ohio is also a union State and when Obama’s chief of staff at the time, said “F*** the big three!”, many in Ohio heard about that too. This all makes for a unpopular President.

Also too; the economy in Ohio, here in Michigan; and nationally, just plain sucks. There are many small businesses in Ohio, many of whom are faithful Democrats; and they are just looking at their bottom lines and are looking at this President and wondering, “What on earth are they doing to us?” To be fair, it is not all of Obama’s fault. The Federal Reserve with it’s QE1, QE2 and now QE3 is not helping the situation at all. When the fed prints more money, inflation happens, which drives the prices of everything up and this, in turn, hurts businesses. Which, in turn, hurts the economy. Bill Clinton learned this lesson early on, and made adjustments. Jimmy Carter and this President, did not. For that, they are paying a price at the polls.

I should also mention that this current foreign policy debacle in Libya, and Egypt and the rest of the Arab World is also weighing heavy on the minds of people as well. As it was in 1979, with the Iran hostage crisis. Now, Iran is being a problem again. Which is very ironic.

History has such a strange way of repeating itself.

Video: Leftist rag Mother Jones releases an absolute nothing-burger on Mitt Romney

Update: Here’s Romney’s Presser on the subject.

If it were not for the fact that this story was so darned funny; it would actually be pretty sad.

Mother Jones the crypt keeper of all things liberal, comes up with some really super secret video of Mitt Romney telling the absolute truth about the Obama voting people.

Here are the videos:

On Obama voters:

On Treating Obama gingerly, because he does not want to lose the independent voter:

On his consultants:

On the fact that most people couldn’t give a rip about politics; that they care about bread and butter issues:

On Obama and Wall Street; and if Mitt Romney wins, Wall Street will improve:

In this idiotic article, the author makes a false claim:

(Note: Obama did not promise his policies would keep unemployment under 8 percent,and 50 percent of college graduates are not unemployed.)

Well, um, actually —- Via Washington Examiner:

Mother Jones reporter David Corn claims the line about Obama promising to get unemployment under eight percent is not true.

Corn is wrong: Two of Obama’s economic advisers released a report in January 2009 arguing that the economic stimulus bill would have unemployment under 6 percent by now.

Also too The Astute Bloggers reminds us of the following:

From the Economic Collapse Blog:

The following are 16 statistics which show that the number of Americans dependent on the government is at an all-time high….

#1 According to the Census Bureau, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

#2 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

#3 The number of Americans receiving Social Security disability benefits has increased by 10 percent since Barack Obama first took office.

#4 Back in 1990, the federal government accounted for 32 percent of all health care spending in America. Today, that figure is up to 45 percent and it is projected to surpass 50 percent very shortly.

#5 The number of Americans on food stamps recently hit a new all-time high. It has increased by 3 million since this time last year and by more than 14 million since Barack Obama first entered the White House.

#6 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps. This is unprecedented in American history.

#7 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#8 Back in 1980, government transfer payments accounted for just 11.7% of all income. In 2010, government transfer payments accounted for 18.4% of all income, which was a new all-time high.

#9 By the end of 2011, approximately 55 million Americans received a total of approximately 727 billion dollars in Social Security benefits. As the retirement crisis becomes much worse, that dollar figure is projected to absolutely skyrocket.

#10 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016.

#11 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#12 The U.S. government now says that the Medicare trust fund will run out five years faster than previously anticipated.

#13 The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010by 10 billion dollars.

#14 It is being projected that entitlement spending by the federal government will nearly double by the year 2050.

#15 Right now, spending by the federal government accounts for about 24 percent of GDP.  Back in 2001, it accounted for just 18 percent.

#16 When you total it all up, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.

So, in other words, Romney told the truth about the left and now they are having a collective (Something they do well, collectivism!)  heart attack about it. Two words lefties: Oh well. Truth hurts don’t it?

Others: Hot Air,  The Daily CallerAmerican Glob — Plus, Round up of liberal idiots having a collective heart attack over the comments Via Memeorandum

The Federal Reserve Bank continues to screw America into the ground

Here is the Fed chairs announcement:

The Story via CNN.COM:

NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.
The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.

Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

Now what effect will this have on our money supply?

Ryan W. McMaken writing over at Lew Rockwell’s blog correctly observes:

The effect of this will be:

  1. Even less saving going on than is happening now. Why do the lending institutions need more liquidity? Because there are no real life loanable funds in the first place. No one is putting money in depository institutions, for example, because interest rates are at rock-bottom levels, but also because people have no excess money to save. So, the Fed is creating fake loanable funds through the purchase of the MBSs. Much of this will probably be newly-created money.
  2. It will maintain the focus on consumer spending rather than investment. The idea is to keep people spending on real estate. Thus, less will be spent on business investment.
  3. People will incur more debt.

We’ve heard for years from some incorrigible economists that what we need is the Fed to pump up the real estate market to get people spending again. Their answer is: more debt, more spending, less savings and investment.

This is what has been happening for years to no avail, of course, and the Fed is now just turning it up a notch. I’m sure recovery is right around the corner.

The definition of insanity/Keynesianism: Doing the same thing over and over and expecting a different result.

A-farking-men. This is what happens, when you elect the same very idiots, who screwed the housing markets squarely into the ground.  People that voted for this sort of Government, get exactly what is coming to them and the sort of Government that they voted for. Who the heck ever heard of printing money, that you do not even have to print? It is the textbook case of utter insanity.

I will say this; if Mitt Romney loses this election and the way recent events have turned out, he just might lose —- and this Nation goes into the crapper, because Conservatives and the Republican Party decided to pick a safe candidate. Then the Republican Party should be shut down for good and a new Conservative Party formed. Others have said it, I know and they are absolutely correct.

This stuff right here is the very reason why I hung it up with the Democratic Party and stopped voting for them and supporting them. I am not a millionaire or even someone with any sort of money at all. Hell, I have been unemployed for 8 damned years. However, I do know stupidity, when it see it; and it is on full display here.  Only insane people would do stuff like this, and try to rev up the economy. The solution is to let the free-market work and do its job, not stick a statist finger in it.

Also too; as much as I am not a big fan of weaving ads into my blog postings. I believe this one is important. This would be a good time as any to get into Gold, Silver and other metals. I deal with two companies that sell the stuff. Their banners are below and they both come highly recommended.

They are:


GoldSilver.com

and…:

Buying Gold

Current Prices:




It would be absoutely insane not to get into at least some sort of Gold or other precious metal investment.

 

Others: Michelle MalkinNewsyGuardianLewRockwell.com Blog and Real Time Economics – Blogger Roundup at Memeorandum.com