tagged w/ MichaelTSnyder
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If the Occupy Wall Street protesters truly believed in the things that they are proclaiming, then they would be calling for the immediate resignation of Barack Obama and his entire cabinet. The truth is that the Obama administration is responsible for most of the things that Occupy Wall Street is supposedly complaining about. If the Occupy Wall Street protesters were intellectually honest, we would see a flood of anti-Obama signs during these demonstrations. But instead we have barely heard a peep of criticism for Obama. In fact, the vast majority of the protesters seem very excited about sending Obama back to the White House in 2012. As will be clearly demonstrated in the rest of this article, this makes the Occupy Wall Street protesters tremendous hypocrites. If Occupy Wall Street wants to have any credibility whatsoever, it needs to call for Barack Obama to resign. Either Occupy Wall Street protesters will call for Barack Obama to be held accountable for his actions, or they are just a bunch of sheep. They cannot preach to us about how principled they are and yet turn a blind eye to everything that Barack Obama has been doing for the past 3 years.If the Occupy Wall Street protesters truly believed in the things that they are... more
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Are you unemployed and out of options? Well, if you live in most areas of the country there is not much hope for you. But there is one state where hiring is really hot right now. If you are desperate for a job, you just might want to check out North Dakota. Way back in the middle of the 19th centurty, author Horace Greeley gave young Americans the following advice: "Go West, young man, go West". Well, we have reached another moment in U.S. history when it may be wise for many Americans to pick up and move to another part of the country in search of opportunity. Of course traveling to North Dakota is not "going west" for all Americans, but for the majority of the population it is. In the 19th century, many Americans traveled west because they believed those that told them that there was "gold in them thar hills", but today a different kind of "gold" is being found in North Dakota. The state is currently enjoying a boom of "black gold", and all of that oil is creating a huge number of jobs. If you are unemployed and you are desperate, you might want to check out North Dakota. Desperate times call for desperate measures.Are you unemployed and out of options? Well, if you live in most areas of the country... more
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New home sales in the United States are on pace to set a brand new all-time record low in 2011. This will be the third year in a row that new home sales have set a new record low. Sadly, this is yet another sign that the U.S. economy continues to grow weaker. Back in 2005, more than four times as many new homes were being sold as are being sold today. The home building industry is one of the central pillars of the U.S. economy, and the fact that we are going to set another new record low for home sales in 2011 is a really bad sign for those hoping for an economic recovery. Unlike most of those that work in the financial industry, those that build new homes produce something of lasting value for American families. In addition, millions of Americans have traditionally made a solid living by building and selling new homes. But today the market for new homes has totally dried up and large numbers of those jobs are disappearing. Some of the reasons for this include high unemployment, a glut of foreclosures on the market and the tightening of lending standards on home loans. In order for the U.S. to have anything resembling a healthy economy again, we are going to need a revival in the sale of new homes.New home sales in the United States are on pace to set a brand new all-time record low... more
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Did you know that the new World Trade Center tower is being constructed with glass from China and steel from Germany? 1 World Trade Center, also known as "The Freedom Tower", is not just another skyscraper. It is essentially a national monument. But that doesn't mean that we are above awarding construction contracts to the lowest bidder. The new World Trade Center tower will contain 250 tons of steel from Germany and the lower floors will be surrounded with blast-resistant glass from China. This is yet another example of how the U.S. economy is being hollowed out.Did you know that the new World Trade Center tower is being constructed with glass... more
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According to a brand new Gallup poll, 80 percent of Americans believe that we are in a recession right now. Of course the government insists that the recession ended quite some time ago, but apparently the message is not sinking in. Not only that, most Americans also do not believe that things are going to get better any time soon. According to the Gallup poll, 61 percent of Americans believe that the economy will be the same as it is right now or will be even worse one year from now. Two years ago, only 35 percent of Americans felt that way. Talk about pessimism! So are we depressed as a nation? Have too many people been reading the Economic Collapse Blog? How do we account for such strange numbers?According to a brand new Gallup poll, 80 percent of Americans believe that we are in a... more
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Government in America has gotten completely and totally out of control. Our founding fathers originally intended to set up a nation where the power of government would be greatly limited, but today government has become a horribly bloated monster that is relentlessly growing. It is not just the federal government that I am talking about. All over the country, there are state and local governments that have become monstrous as well. No matter who we elect, they just want even more of our money, they demand even more of our time and our resources, they pile even more rules and regulations on to our backs, they seek even more control over us and our children and they take even more of our liberties and freedoms away. They have invented hundreds of different ways to drain money out of us, and yet it is never enough. They pile up nightmarish debts that they expect our children and our grandchildren to repay, and yet our cities and our infrastructure are crumbling all around us. Government seems to have a relentless appetite for demanding even more from all of us, and yet they seem to badly mess up everything that they try to accomplish. Well, I have a message for the government. Get off our backs!Government in America has gotten completely and totally out of control. Our founding... more
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Will global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown. Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October. The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe. Does all of this unusual activity indicate that something big is about to happen? Let's hope not. But historically, the biggest stock market crashes have tended to happen in the fall. So are we on the verge of a "Black October"?Will global financial markets reach a breaking point during the month of October?... more
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Why hasn't a cure for cancer been found? We have poured billions upon billions of dollars into cancer research, and yet cancer rates continue to explode. Cancer is the leading cause of death worldwide, and according to the World Health Organization the number of cancer deaths globally is expected to nearly double over the next 20 years. So why is this such a problem? We have spent gigantic piles of money and have had hordes of scientists working on this for decades. Every year there are countless walks, runs and fundraisers for cancer research. The U.S. government absolutely showers cancer researchers with cash. We are supposed to be the most "advanced" civilization that the world has ever seen. So where is the cure for cancer? And why does cancer keep getting worse?Why hasn't a cure for cancer been found? We have poured billions upon billions... more
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Barack Obama has revealed his tax plan and it is a doozy. It would raise taxes by 1.5 trillion dollars over the next decade. Most of these tax increases would hit the wealthy, and Obama keeps insisting that it is time for them "to pay their fair share". Of course Obama knows that the Republicans will never go for this. You see, what is going on is that Obama is laying a trap. First, he laid out a 447 billion dollar "jobs plan" that contained all kinds of goodies for the poor and the middle class. Now he has introduced a massive tax plan which specifically targets millionaires in order to pay for it. The Republicans are falling right into the trap, because instead of introducing fundamental reforms to our tax system, the Republicans have chosen to defend the status quo. Right now our current tax system allows big corporations and the ultra-wealthy to get away with bloody murder, and the Republicans have put themselves into the position of having to defend that. This is exactly what Barack Obama wants. Obama is plotting to use class warfare as a tool to divide Americans and win the 2012 election. There is no way in the world that his current plan is going to get through Congress. What he is doing now is "setting the table" for the 2012 campaign season.Barack Obama has revealed his tax plan and it is a doozy. It would raise taxes by 1.5... more
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If you think the U.S. economy is bad now, just wait for a few months. Things are about to become absolutely nightmarish. None of the long-term economic trends that are hollowing out our economy have been addressed and more bad economic news seems to come out virtually every single day. Now there is constant talk of the "next recession" in the mainstream media. But did the last recession ever truly end? The number of good jobs continues to decline, more stores are closing, incomes continue to go down, credit card debt and student loan debt are soaring, the housing market resembles a corpse, the number of Americans living in poverty continues to rise and government debt is at unprecedented levels. We are losing blood fast, and almost all of our leaders are either too corrupt or too incompetent to be able to do anything about it. The U.S. economy really and truly is about to go into the toilet, and if something is not done very quickly we are going to experience a complete and total economic disaster in this nation.If you think the U.S. economy is bad now, just wait for a few months. Things are... more
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