May 5, 2012

VERY SCARY NUMBERS - Blame it on Bush?

There is plenty more blame to go around  & This may well scare the crap out of you. 

You may think this is crazy? Unemployment is already effectively at 25%. 

US Unemployed
The number of people unemployed in the US peaked in October 2009 at 15,421,000. There are now 2,921,000 fewer people unemployed in the country.
Unemployed Persons
April 2012
And we know the actual unemployment is double the reported number due to so many that have simply quit looking for jobs.

As of March 2012, debt held by the public was $10.85 trillion or approximately 70% GDP, while the intragovernmental debt was $4.74 trillion or approximately 30% GDP. These two amounts comprise the national debt of $15.6 trillion, roughly 100% GDP.

Average credit card debt per household with credit card debt: $15,956 
609.8 million credit cards held by U.S. consumers.  (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010)
Average APR on credit card with a balance on it: 12.78 percent, as of November 2011  (Source: Federal Reserve's G.19 report on consumer credit, released January 2012)
Total U.S. revolving debt (98 percent of which is made up of credit card debt): $801 billion, as of December 2011 (Source:  Federal Reserve's G.19 report on consumer credit , released February 2012)
Total U.S. consumer debt: $2.5 trillion, as of December 2011 (Source: Federal Reserve's G.19 report on consumer credit, released February 2012) 

The nation’s homeless population 636,017 in 2011.  The national rate of homelessness was 21 homeless people per 10,000

 About 11.1 million households, or 23.1 percent of all mortgaged homes, were underwater in the October-December quarter, according to report released Tuesday by housing data firm CoreLogic. That's up from 22.5 percent, or 10.8 million households, in the July-September quarter.

GOOD GRIEF 23% of all mortgages are underwater? That means 23% of the homeowners are paying for a home worth less than the payments? 

Table 1. Number of people receiving Social Security, Supplemental Security Income, or both, March 2012 (in thousands) 

All beneficiaries61,27353,1115,3842,778
Aged 65 or older39,60537,5399001,165
Disabled, under age 65 a13,8397,7434,4841,613
Other b7,8297,829

So if the government defaults there will be 61 million people no longer able to purchase food or pay bills to add to the 29 million on welfare and the 49 million using food stamps 

After a while these numbers start to add up 
49 million food stamps plus 61 million SSI  equals one third of the population. 
It will not take that long for it to hit 50% as things start to fall apart 

And the REPUBLICANS are screwing around failing to create jobs? 
What do think will happen when all that credit card debt defaults and all those Social Security checks run out and 23 percent of homeowners stop paying their mortgages. 
Does your job depend on customers - on people having some money to buy whatever good or service you provide? Do you think you and your family will be safe if suddenly 40 percent of the population starts going hungry and the states and cities start to go broke and lay off the police they can no longer afford. 

Will they bring home the troops who are from poor families - the blacks and Latinos and the poorer white kids who's families are among the homeless and hungry. Who do you think they are going to protect? 

How will you feel then about the Walton's who have a combined wealth greater that 30% of the population among 6 individuals? Once the collapse begins their wealth will be greater than 50% but the people will no longer be shopping at Wal Mart. They will be occupying and eating everything in Wal Mart. 

I don't think you know how bad this can go. So few people were armed back in the 30's but the NRA has taken care of that problem. Homeless and hungry people with semi-automatic assault weapons are not going to allow their kids to starve. 

The oddest question asked by right winger's is  "I guess you think that is Bush's fault too?" 

Asked as if there could be some sarcasm applied to such an absurd question is goes unanswered because the answer is so completely obvious. YES. YeS and YES I and we do. 

But you should be relieved of another absurd misconception - BUSH or W is just a catch word to describe the most damaging government in US history. It has W's name on it but there is plenty of blame to go around 
We can blame Dick Cheney - who many believe was more President than George 
Or KARL ROVE - also known as Bush's Brain - another pudgy chickenhawk who has no idea now when or if he is telling the Truth - he's lied so much he has no clue
Then there is the majority in both houses of Congress - and even the Democrats that went along with the plans devises and authored by Republicans. 

And of course we have to portion much of the blame to the plethora of Republican "I can't Think Tanks" like the Heritage Foundation and American Enterprise Institute - a list so long it could fill and entire page. Add to that the wing nut radio people, Fox News, World Net Daily, Michelle Malkin and a flood of winger blogs and media from AmericanDinker to the Freepers. There is simply no shortage of idiots falling all over themselves to reach for a piece of the Koch Brothers endless supply of cash for cons. 
No these are not CONSERVATIVES in any respectable meaning of the word - these are the most radical and effective CONS - con men the world has ever seen. They either Conned or stole enough votes and support from the suckers who supported them to put themselves in a position to steal such a huge portion of America' wealth they became thieves TOO BIG TO JAIL. 

The amassed wealth of the corporations, Wall Street Financial houses, and wealthy individuals who have benefited from the incredible redistribution of wealth - to the ultra wealth from the middle class - have no shortage of cash to spend pushing any damn lie or distortion they can conjure onto a gullible and fearful segment of wannabees while maintaining the fiction that they give a damn about gay marriage or the right to life. All they care about is the money and how much they can get their paws on. 

It is all over now - we the people have lost - our jobs, our money, our homes, our government and any real chance of ever seeing any of it again in my lifetime. The weight of this is all too complete and extreme - there is no correction for it. The only question that remains is what will precipitate the ultimate collapse. Will it be climate change? water and food shortages across the globe? a nuclear disaster? Peak Oil and the end of energy? A situation where China calls in the debt? or the complete breakdown of law and order when 30% of the work force is armed and unemployed and there aren't enough prisons and the guards simply walk away turning loose the largest prison population in the world when state and federal government can no longer meet the payroll? 

The system was never built to maintain under this level of financial strain. With so much wealth in so few hands leaves too many working aged males hungry and homeless with easy access to firearms the question will become - when will police or military people find so many of family and friends on the business end of their guns that they start to turn around and fire in the opposite direction. When gasoline runs out or hits 6, 7 8 9 10 buck a gallon will people just start filling up and driving off? When the credit cards of 50 60 percent are no longer paid and mortgage payments simply end will there be enough law enforcement people willing to face armed home "owners" who figure it's better to suffer suicide by cop - taking a couple with them because they cannot attack the banks that find themselves under constant assault? 


It’s the financial stigma Republicans won’t talk about, and average Americans won’t remember because it happened before last week.
It was the golden son, George W. Bush, who inherited a humming economy and a surplus from his predecessor. Thanks to his bumbling, and that of the two houses of Congress his party owned for six years⎯we squandered our wealth and undercut our revenue base to the point where yahoos elected in a reactionary wave to the appalling spending spree now threaten to ruin the reputation of the country we all love. The only silver lining to the crash having happened in late 2008 is that there is no way it can be blamed on his successor⎯President Obama’s detractors have to content themselves with attacking him for cleaning up the mess too slowly, and (horrors!) for spending more money in the process.

Meanwhile, President Mission Accomplished slumbers on, enjoying the undisturbed, dreamless sleep of the benighted.But that won't last in Dallas if he sticks around Dallas. All across America the Lears and Gulfstreams will be wheels up for some remote South Pacific atoll until the seawater rises or the atomics start to fall. Maybe the Mayan's were right.
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