Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

Monday, February 14, 2011

Someone tell Obama: Business people aren't stupid! ~ By Herman Cain

This president refused to even acknowledge the failed policies of the last two years in an interview with Fox News anchor Bill O'Reilly. He is in denial that his policies are redistributive of income in nature. He is in denial as to what the American people really want. He believes that the American people want what he wants for America: a government-controlled socialistic America!

With all due respect, Mr. President, your assessment is wrong.

Intelligent and informed thinkers are reclaiming America! We out-number the stupid people.

You'll see in November 2012.

The Hermanator (Herman Cain) tells us why business people won't follow Obama off the cliff.  In the speech he gave to the U.S. Chamber of Commerce on February 7, 2011 (see below), Barack Obama said the following (starting at 5:24) "But combined with a brutal and devastating recession, these forces have also shaken the faith of the American people -- in the institutions of business and government." Sorry, Mr. President, I think the shaken faith is in the government, and you with your socialist agenda. As Herman explains, the President is in denial of his failed policies. He should not expect businesses to duplicate the government's deficit spending idiocy. Companies are not going to start spending their investors' cash irresponsibly. That isn't the way to "get in the game," but a good way to face bankruptcy along with "3 million-plus businesses that filed for bankruptcy in the last two years."

February 7, 2011
: The President speaks about his plan to win the future by helping businesses innovate and create new American jobs:

Video provided by whitehouse ~ February 07, 2011 (34:29)

Someone tell Obama: Business people aren't stupid!
HERMAN CAIN

By Herman Cain

February 14, 2011 ~ 1:00 am Eastern

© 2011


After I published my 2005 book, "They Think You're Stupid," I thought I should have titled it "They Think We Are All Stupid All the Time" because it appeared that pure politicians, especially liberals, didn't think any of us were capable of seeing through their denial, deceptions and lack of leadership.

Based on President Obama's latest speeches and comments from other prominent liberals like Howard Dean, the latter title would have been more appropriate. They continue to try to convince the public that their failed policies are working, that they need more time and that more federal spending – plus bigger government – is the answers to our problems.

In a speech to the U.S. Chamber of Commerce last week, the president urged U.S. business leaders to "get in the game" in support of their country by spending more cash. He wants businesses to follow the government's lead: Namely, ignore the real state of the economy and spend irresponsibly for the good of the country.

That would not be good for the country! The last thing we need is more bankrupt companies on top of the 3 million-plus businesses that filed for bankruptcy in the last two years. That would only add to the already staggering level of unemployment.

The business people in the audience listened respectfully, but they are not about to spend their investors' cash irresponsibly. They are not about to invest heavily during a stalled economy, and they are not about to hire people they do not need.

Successful business people are not stupid. That's why they are successful!

READ FULL STORY at WorldNetDaily.com

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johnny2k's Tea Party Gear!

Monday, January 24, 2011

Making a virtue out of a necessity ~ By Patrice Lewis

There are few of us who have not been negatively impacted in one way or another by this Great Recession. Many have lost homes, jobs and possessions. But can our dignity be taken away? Can our blessings of friends and family be taken away? There's an old expression that says, "That which cannot be cured must be endured." How we will endure will say a lot about us.

The strongest metal is forged in the crucible of fire. The greatest generation was forged in the crucible of the Depression. What will an economic crash create?

I would like to think it will produce pure gold. But if so, we'd better get started refining ourselves now.
Another amazing column by Patrice Lewis! This information may help you some day, if or when there is an economic crash, so pay close attention.

Making a virtue out of a necessity
PATRICE LEWIS

By Patrice Lewis

January 22, 2011 ~ 1:00 am Eastern

© 2011


Many years ago when we lived in Oregon, our county was electrified by the news that a local person had won the lottery. Days, then weeks ticked by with the mysterious winner still unknown. Oregon residents were being called, half-jokingly, by long-distant relatives asking, "Is it you?" leaving many to distrust the motives for the call.

As it turns out, the winners – an older couple of modest means with 40 years of solid marriage behind them – were making careful plans before claiming their prize. They were setting up trust funds for their children and grandchildren, putting aside a portion for charitable giving, and planning investments. Oh, and they hired a company to install a security system in their small home. Only when their plans were in place did they step forward to claim their prize.

This couple was a rare example of lottery winners who dealt with their newfound wealth with intelligence and a cool head. Their careful planning was justified. The moment they were identified, they were besieged by a storm of "friends" and "relatives" crawling out of the woodwork, asking for loans, pleading hardship, wanting favors. The winners routinely referred all supplicants to their attorney. A year after the firestorm of attention had died down, they were able to continue their quiet lives immeasurably wealthier but still stable and intact.

I know this because the local media scheduled follow-up interviews each year to see how their lives had changed. This couple was able to report with pride that their children and grandchildren were not being ruined by money, but were handling this unexpected windfall with care and maturity, unlike so many sad tales of other winners.

In other words, this couple utilized the strength of their frugal, solid foundation and strong marriage to make sure they were not ruined by wealth.

Lottery winnings appear to exaggerate whatever foundation is already in place. If lottery winners are stable and mature, they emerge from their windfall better off. If lottery winners are unstable and immature, they emerge with shattered relationships and bitter regret. The news is full of sad stories of winners who squandered their money within a year or two and were left with a broken family and few friends.

Now of course few of us will ever face the challenges (or rewards) of winning big bucks. But it seems the same type of outcomes appear in the aftermath of economic downturns as well. As the economy worsens, many of us are faced with monetary woes: missed mortgage payments, unpaid credit-card bills, phone calls from collection agencies and other complications of job loss or underemployment.
READ FULL STORY at WorldNetDaily.com

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johnny2k's Tea Party Gear!

Saturday, February 27, 2010

Obama's problems – and ours ~ By Patrick Buchanan

Patrick Buchanan discusses the great challenges facing this country and President Barack Hussein Obama. The budget deficit isn't so much the fault of the former President, but more the fault of the Democrat Congress of 2008 and 2009. What Obama and America need to do may have to involve making some sacrifices, just as we have done before.
Have we become a people incapable of accepting the sacrifices previous generations made, and of producing leaders with the vision and strength of character that our leaders of old possessed?

By Patrick Buchanan

Posted: February 26, 2010 ~ 1:00 am Eastern

© 2010




We inherited the worst situation since the Great Depression.

That is the reflexive response of President Obama to the troubles from which he has been unable to extract his country.

Even before the inauguration, he says, there were projections of a $1.2 trillion deficit for 2009. That deficit is not my deficit.

Presidents are usually blamed for deficits run while they are in office. But, in fact, presidents do not write budgets. Congress does. Presidents sign them. And the mammoth deficits of 2008 and 2009 came from budgets approved by a Congress run by Nancy Pelosi and Harry Reid. Did Sen. Barack Obama vote against those budgets?

As for the troubles he inherited, the president has a point. From day one, he has had to deal with two wars, a financial crisis and an economy careening into recession.

But Harry Truman inherited two great wars, an atom bomb and an ally, Josef Stalin, about to dishonor his commitments and enslave half of Europe.

Richard Nixon came to office a minority president in the year of Tet, urban riots, campus uprisings and the assassinations of Dr. King and Robert Kennedy. He inherited a war in which 500,000 Americans were fighting, and came to a capital city dominated by a media that detested him and a Congress where, for the first time since Zachary Taylor, the opposition controlled both houses.

Ronald Reagan, too, inherited the worst recession since the Depression, a hollowed-out Army, a Soviet Empire that had overrun Vietnam and Southeast Asia and seized Afghanistan, Angola, Mozambique, Grenada and Nicaragua, and a NATO shot through with Eurocommunism and pacifism.

Undaunted, Truman went on to a historic victory in 1948, and Nixon and Reagan went on to 49-state landslides. Presidents have a way of coming back, and America has legendary recuperative powers.

So no one should write this president or country off. But neither should anyone minimize the problems confronting us.

READ FULL STORY at WorldNetDaily.com

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Monday, November 02, 2009

Memo to Obama: Cars are not like pizzas ~ By Herman Cain

From WorldNetDaily
Herman Cain By Herman Cain Posted: November 02, 2009 ~ 1:00 am Eastern © 2009 In my commentary last week I mistakenly referred to the Gross Domestic Product, or GDP, growth rates as quarterly for 2009, instead of "rolling four quarters" of negative growth rates of 1.9, 3.3 and 3.8 percent, respectively, which they were. My apologies for the error! But when you use the latest released GDP for the third quarter of a positive 3.5 percent, the latest corresponding rolling four quarters growth rate is a negative 1.4 percent. The chairperson of the president's economic advisers, Christina Romer, said this "jolt to the economy" was caused by the $194 billion already spent from the "stimulus bill." You can call it a jolt, but it is not an economic "turnaround" or an end to the recession as some analysts are claiming. Here's why: Cars and houses are not like a pizza promotion. Even though the administration claims great success with Cash for Clunkers, and the new homebuyers' tax credit, the promotions merely caused some of the sales to happen sooner rather than later, but they do not generate repeat sales. Every business person knows that, but maybe that's the problem. In the pizza business (remember, I used to run a pizza company), a good promotion would stimulate trial purchases, and if the customers loved the product, they would be back within the following two weeks to make a repeat purchase. People do not buy cars and houses every two weeks. [CLICK HERE TO READ MORE]
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Monday, October 12, 2009

How to end the recession in 12 months ~ By Herman Cain

From WorldNetDaily
By Herman Cain Posted: October 12, 2009 ~ 1:00 am Eastern © 2009 Unemployment has hit 9.8 percent. New jobless claims grow each month. Federal spending is increasing exponentially, while current tax revenues are decreasing. The value of the dollar is in a nose dive. The deficit for fiscal year 2009, which ended Sept. 30, 2009, has come in at $1.4 trillion dollars, nearly four times the deficit of any previous year in history. Business bankruptcies are on the rise, while some businesses are literally hanging on by their cash-flow fingernails. Newsflash! The $789 billion "stimulus bill" is not working. And no, don't give me that baloney that the stimulus needs more time. The bill was philosophically flawed from the beginning, but the big-government-and-more-taxes members of Congress refused to even consider solutions offered by the less-government-and-fewer-taxes members. Meanwhile, Congress is trying to ram a $1 trillion-plus health-care deform bill down our throats, with a Cap & Trade & Tax & Kill bill waiting in the wings in the Senate. The Democrats are also secretly talking about a second "stimulus" bill, but they are not calling it a stimulus. I call it more government spending with no new results. Here are three suggestions that would get this country out of a recession in 12 months, not that the Democrats will listen or even consider any of these ideas. These are not original ideas. They are just great ideas from several sources that Congress and the president are ignoring because they would result in less government control. The reason that we would be out of the recession in 12 months is that businesses would get excited and start planning to grow their business instead of making plans to just survive. It's just that simple. The prospect of bigger government and more taxes does not inspire businesses to grow. [CLICK HERE TO READ MORE]
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Thursday, October 08, 2009

Wishing doth not a recession end ~ By Herman Cain

From WorldNetDaily
Herman CainBy Herman Cain Posted: October 05, 2009 ~ 1:00 am Eastern © 2009 Federal Reserve Chairman Ben Bernanke has said that the recession is likely over. The Associated Press has interpreted the three-month decline of new jobless claims from June through August as an indicator of the economy getting better. Then oops! The new jobless claims in September went back up, and unemployment hit 9.8 percent. The ups and downs of the stock market have played many investors like a yo-yo, as they look for any signs that sustainable economic growth may be back. News flash! We are in a recession, and it is a long way from being over. Here are three reasons we will have a prolonged recession: 1) the non-stimulus $787 billion stimulus bill; 2) the threat of increased taxes in the Cap & Trade & Tax & Kill bill; and 3) the prospect of health-care deform legislation. None of these proposals inspires businesses to hire people. That's reality. I do applaud Bernanke's economic optimism, but I would applaud economic realism even more. The real measure of an economic turnaround is when businesses start hiring people again, but businesses are still trying to survive for at least another year in the midst of tremendous uncertainty about legislative proposals in Congress. The evidence is to just ask a business owner and not an academic, a bureaucrat or a media economics writer who has a vested interest in making the Obama administration look good. [CLICK HERE TO READ MORE]
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Saturday, December 13, 2008

Meet Matilda - By Patrice Lewis

For millions of people, the recession isn't going away. These are the people who are already facing bankruptcy, unemployment, reduced retirement savings, foreclosure, or other frightening things. What good does a big-screen TV or diamond earrings do then, except to earn a few bucks at a pawnshop? For this Christmas, give somebody something useful.

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