June 2016 – WASHINGTON – When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.
President Barrack Obama will likely go down as one of the worst presidents in U.S. history. His legacy is less than stellar. When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011. –Washington Post
Junk Culture: This is what happens when clowns run corporations and wages fall. No wonder so many Americans are obese, on anti-depressants, and feel the American dream is becoming a nightmare.
According to the Bureau of Labor Statistics, the federal government’s official collector of employment data, either 92 million or 93 million members of the civilian, non-institutionalized population who were age 16 and over were not in the labor force in July 2015. And 1 in 5 Americans are on some type of government assistance. So how can America possibly be in an economic recovery? Americans will run up $1 trillion dollars on the credit cards this year – and more than 80% of working Americans are living from paycheck to paycheck. If you can keep people in low wage jobs, they will keep borrowing money to purchase things they can’t afford. You essentially make them debt-slaves for life. The largest U.S employers in 1955 were GM, Chrysler, U.S. Steel, Standard Oil of New Jersey, Amoco, Goodyear and Firestone. Today in 2016, the top U.S. employers in order are: Wal-Mart, McDonalds, IBM, Kroger, Home Depot and Target. In 61 short years, we have transformed our entire economy into a high-volume, low-wage retail chain of product pushers. Even the president of Harvard University makes $899,734. That’s more than twice what the President of the United States, the so-called leader of the free-world, makes.
Manufacturing jobs disappeared eons ago with NAFTA and global free trade agreements – and the U.S. trade deficit swelled in the wake of something Corporate America called “outsourcing.” Since 1950, the share of manufacturing output produced in industry has steadily declined, falling from about 40 percent of output to about 25 percent today. If that wasn’t bad enough, according to the Bank of England – 50% of all jobs will go to robots by 2035 – making that future college diploma you’re now planning for your newborn not worth the paper it’ll literally be written on. 1
Despite Obama running the country (during peacetime) into nearly twice the federal debt of his all of his previous predecessors combined, the U.S. has very little to show for his tepid efforts. There is no disaster fund – coming at a time when the country most dangerous faults and subduction zones are said to be overdue for major quakes. The nation’s string of volcanoes (including supervolcanoes) also appears to be awakening. The national grid is still vulnerable to breakdown and cyber attack, the FDIC is nearly broke, banks are over-leverage and carrying too much derivative debt, the country aging infrastructure – water & sewage, roads and bridges are still falling apart, college education is still not affordable for most average Americans, the Middle Class is virtually non-existent, the U.S. borders are so porous – immigration officers can’t keep afford to keep up with enforcement or don’t have the money to send most foreign nationals back home – as a matter of fact, the U.S. government is spending $20,000 dollars each bringing Syrian refugees here – along with extending them free education, cash allotments, welfare, housing and Medicare. The blow-back and afterburn from an uncontrollable fire called the Arab Spring revolt and uprising that the U.S. excited all over the Middle East.
Russia soldiers rolled right into Crimea and Baltic territory and there was little the U.S. did or could’ve done to stop them without igniting World War 3. A Russo-American proxy war not ensues in the Arctic, the Black Sea, Ukraine, Syria, and God only knows where else or what will be the next place it will erupt. The U.S. is in a new Cold War 2.0. Russia and the U.S. via NATO appear headed for a clash. China has built a string of artificial islands in the South China Sea and has dared anyone to come near them. Iran is now threatening to renege on its nuclear deal with the U.S. – saying it doesn’t make deals with ‘The Great Satan.’ Is that really such a surprise? North Korea has tested a potential thermonuclear device by miniaturizing the bomb – something the Obama administration said N. Korea was light years away from. Obama has expanded the drone wars in Afghanistan, Iraq, Pakistan, Yemen, Syria, Libya and the Sudan. Not bad for a Nobel Peace prizing winning president who swore to end U.S. conflict across the globe and has ended up out-Bushing Bush on the ironic point of being labeled a warmongering president. Can you feel the groundswell of antisocial commentary lately about the wrong direction our world is meandering in?
Is the lesser of two evils really a choice? Which brings us to the next act of the 3 Ring Circus called the 2016 U.S. presidential political race. There are those Benghazi emails and the potential misuse of the State Department server and allegedly lying about it that introduces us to the next whimsical character in the play – Hillary Clinton. She feels woefully entitled to be the next U.S. president because of her husband’s presidential affiliation and the fact that she’s the most respected U.S. female politician currently in America – though she’s done virtually nothing yet to actually earn a presidential nod. Her U.S. healthcare plan failed to arouse any interest in the Congress during her husband’s candidacy. On June 9, President Barrack Obama said Hillary Clinton was the most qualified person to become U.S. president. As a matter of fact, she’s was so qualified as presidential material that Barrack Obama completed snubbed her and passed her over as a vice presidential candidate on his ticket in favor of picking former Delaware Senator Joe Biden.
Trump fashions himself as a businessman who knows how to run a company but can he run a nation, cut federal spending, fix the economy, reduce the deficit, not alienate the U.S. populace and keep his mouth shut long enough to see any of his legislation make its way through Congress. Americans shouldn’t be troubled by his lack of presidential experience (Obama had none) but they should be troubled by his lack of a cohesive plan to attack America’s tough economic problems. America needs to find another way to reignite its manufacturing base, short of starting a global war or retreating in isolationism.
It’s one thing to lie to the American people. It’s another to think they are too stupid to care about it or that the American public is so naive and blinded by the glare of your fame that they don’t even care what you say or do anymore. Which if the latter is the case – then we have no one to blame for the failures of American leadership but ourselves.
Bill Clinton made $35,000 a year as governor of Arkansas and Hillary Clinton made $92,000 annually working as an attorney at the Rose Hill Law Firm of Little Rock, Arkansas. Bill Clinton said, “I think I had the lowest net worth of any American president in the 20th century when I took office,” he told host David Gregory in an interview which aired June 29, 2014, on NBC’s Meet the Press. Today the Clinton’s net worth is said to be close to $80 million dollars. Politics has been a goldmine for them. Trump may be more qualified to do this than a member of a political family who has done virtually nothing but ingratiate themselves to elite entitlements at tax-payers’ expense – but that’s not saying much either. If either of these candidates can’t present a comprehensive plan to you before they’re elected on how they plan to fix America’s ever-mounting set of problems, you shouldn’t vote for them. You can’t build a country by intentionally disenfranchising any segment of the population. America is facing its most difficult time in history and rebuilding the country under such challenging circumstances will not only require a new era of revitalized industrialism and innovation, it will require all Americans to roll up their sleeves, get to work, and to live by Rosie the riveter’s immortal mantra, ‘We can do it.’ 2 -Alvin Conway