Love these patriotic rockers. We need more people who love our country voicing their opinions than the american haters out there.
Saturday, June 30, 2012
Tuesday, June 19, 2012
Another opinion piece for the paper
I am really tired of politicians
playing politics to get certain groups to vote for them or passing
legislation to pander to certain ethnic groups. They are not trying to
help us but they want to create a voting block because they gave them
something. This is one of the many reasons for the recalls here in
Wisconsin. People are just looking out for themselves and not for
others. They only care about "promises" made by politicians who believe
it or not often lie to the people they serve.
If we are all selfish and not
willing to make sacrifices, then we will no longer have a free Republic
but we will be a slave in a Democracy for only certain groups of people. Like Booker T. Washington said “Among a large class, there seemed to be a dependence upon the
government for every conceivable thing. The members of this class had
little ambition to create a position for themselves, but wanted the
federal officials to create one for them."
Another great quote from Booker T. Washington “Most
leaders spend time trying to get others to think highly of them, when
instead they should try to get their people to think more highly of
themselves. It’s wonderful when the people believe in their leader. It’s
more wonderful when the leader believes in their people! You can’t hold
a man down without staying down with him."
Randy Kubetz
Wisconsin Citizens Involvement
Wednesday, June 13, 2012
Monday, June 11, 2012
Amazingly bad! Fed: Americans’ wealth dropped 40 percent
The net worth of the American family has fallen to its lowest level
in two decades, according to government data released Monday, driven by a
more than 40 percent drop in their stakes in their homes.
The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992.
The Fed’s data underscore the depth of the wounds of the Great Recession and how far many families remain from healing. The median value of Americans’ debt did not change between 2007 and 2010. Meanwhile, the housing market crash inflicted particularly severe damage, with the Fed showing that the median value of Americans’ equity in their homes plunged 42.3 percent between 2007 and 2010.
The survey is conducted every three years, and this report offers one of the most exhaustive looks to date at the greatest economic upheaval in a generation. Although there have been some signs that the recovery has picked up steam — housing prices have begun to stabilize and unemployment has fallen — Fed economists said those improvements largely do not change the survey results.
“Recovery from the so-called Great Recession has also been particularly slow,” the Fed said in its report.
Link: http://www.washingtonpost.com/business/economy/fed-americans-wealth-dropped-40-percent/2012/06/11/gJQAlIsCVV_story.html
The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992.
The Fed’s data underscore the depth of the wounds of the Great Recession and how far many families remain from healing. The median value of Americans’ debt did not change between 2007 and 2010. Meanwhile, the housing market crash inflicted particularly severe damage, with the Fed showing that the median value of Americans’ equity in their homes plunged 42.3 percent between 2007 and 2010.
The survey is conducted every three years, and this report offers one of the most exhaustive looks to date at the greatest economic upheaval in a generation. Although there have been some signs that the recovery has picked up steam — housing prices have begun to stabilize and unemployment has fallen — Fed economists said those improvements largely do not change the survey results.
“Recovery from the so-called Great Recession has also been particularly slow,” the Fed said in its report.
Link: http://www.washingtonpost.com/business/economy/fed-americans-wealth-dropped-40-percent/2012/06/11/gJQAlIsCVV_story.html
Thursday, June 7, 2012
More scary Fed news: Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%
(CNSNews.com) - Since President Barack Obama was inaugurated in
January 2009, the Federal Reserve’s holdings of U.S. government debt
have quintupled, according to the Fed’s official monthly balance sheet.
On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.
That is an increase from January 2009 of $1.366 trillion—or 452 percent.
Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.
By the end of March 2012, China’s holdings of U.S. debt had grown to $1.1699 trillion and Japan’s holdings had grown to $1.083 trillion.
Together, the Federal Reserve, China and Japan had increased their holdings of U.S. debt by $2.2445 trillion since Obama took office.
The total U.S. government debt grew from $10.6179 trillion to $15.6233 between Jan. 28, 2009 and April 25, 2012. Leaving out the intragovernmental debt—which the federal government owes itself—the publicly owned part of the U.S. government debt has climbed from $6.2955 trillion to $10.8607 trillion, an increase of $4.5652 trillion.
The $2.2445 trillion of that new publicly owned U.S. government debt that was purchased by the Fed, China and Japan equals 49 percent of all the new debt the U.S. government has sold to the public since Obama took office.
On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.
That is an increase from January 2009 of $1.366 trillion—or 452 percent.
Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.
By the end of March 2012, China’s holdings of U.S. debt had grown to $1.1699 trillion and Japan’s holdings had grown to $1.083 trillion.
Together, the Federal Reserve, China and Japan had increased their holdings of U.S. debt by $2.2445 trillion since Obama took office.
The total U.S. government debt grew from $10.6179 trillion to $15.6233 between Jan. 28, 2009 and April 25, 2012. Leaving out the intragovernmental debt—which the federal government owes itself—the publicly owned part of the U.S. government debt has climbed from $6.2955 trillion to $10.8607 trillion, an increase of $4.5652 trillion.
The $2.2445 trillion of that new publicly owned U.S. government debt that was purchased by the Fed, China and Japan equals 49 percent of all the new debt the U.S. government has sold to the public since Obama took office.
Friday, June 1, 2012
Really bad jobs numbers
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the
unemployment rate ticked up. The dismal jobs figures could fan fears
that the economy is sputtering.
The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created.
The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months.
The economy is averaging just 73,000 jobs per month over the past two months.
The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created.
The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months.
The economy is averaging just 73,000 jobs per month over the past two months.
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