Wednesday, August 7, 2013

Obama drives country into disaster

While thousands are losing their jobs, or being  reduced to part-time work, many people seem blind to the terrible condition of the country and our future.

Do you realize that 94 per cent of the people who were hired in July are filling part-time jobs?  Do you know that almost 90 per cent of the jobs created since Obama was elected are part-time?  Do you understand that Obama's policies are in opposition to job creation and a return to prosperity?  Obama is forcing this country into a condition worse than bankruptcy.

The Obama policies include war on retirees and all elderly.  Bernanke has forced interest rates to near zero in certain conditions.  Take a look at who is suffering the most from those low rates.  Many retirees saved and sacrificed, denying themselves with the hope to have money for retirement.  Now, the return on  their money is less than one per cent.

Who has benefitted the most from low interest?  Well, homebuyers -- if they can come up with the down payment.  Mostly thought, it is the big banks; they can get money for almost nothing and lend for four per cent or more.  Also getting rich are mjor corportions whose top executives draw multi-million dollar salaries.

Of course, the government.  Obama  borrows and borrows and expands our nation's indebtedness.  That is the purpose -- take the money from the elderly. Wake up, and kiss the cactus.

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