As America Sinks Obama Laughs With Leno

America’s Unemployment Trend a Disaster

The Bureau of Labor Statistics reports that the number of persons who lost their jobs increased by 716,000 to 7.7 million in February.  This measure has grown by 3.8 million in the last 12 months.  Payroll employment has declined by 2.6 million in the past 4 months.  In February, job losses were large and widespread across nearly all major industry sectors. This trend continues to occur in March.

Projected Trend of Unemployment Rate

At this rate of unemployment growth currently at 8.1% the highest in 25 years, not including people who are no longer on unemployment insurance or have just quit looking for a job.  America will be at an unemployment figure of 12.7% by the end of the year given this trend.  During the 1929 Depression the unemployment rate reached 25%

If you were to look at certain depressed counties this is what you would see:

El Cento, CA 24.2%
Fresno, CA 15.7%
Redding, Ca 15.2%
Fort Meyers,FL 11.5%
Dalton,  GA, 12%
Detroit MI 14.2
Flint, MI 14.8
Reno, NV 11%

To understand what happens in a depression one must understand that it is all about employment.  When you have Trillions of dollars evaporate in home value, 401K’s banks, insurance companies, and a worldwide economic catastrophe that is now upon the planet, one is hard pressed to grasp the concept of where we are headed.  A few people are questioning our elected leaders but not enough to put the breaks on this out of control creation of debt.  Each family of three now owes the government $116,200 and that number is growing.  The idiots are running the asylum and the sad thing is we elected them!

If you are employed consider what it is your company’s business is and how valuable is that to the economy if people cannot afford to purchase the items or services being produced or offered for sale. The DOW is the best indicator of consumer sentiment, and it had a recent rally yesterday but the fundamentals are not strong enough to maintain continued expansion, because in a world economy in severe contraction no one is manufacturing because no one can afford to buy.  America the largest world consumer is out of the market for goods because as mentioned people are losing their jobs.  How can they refinance their homes when their jobs may be lost?

What’s next is global confrontation of stronger nations against weaker to gain resources necessary to keep their economies now on the brink of default and economic disaster growing by acquisition of another nations resources.

Others like the Muslim jihadists will look to weaken the USA further and will do their utmost to make this happen in the near future.  When war breaks out between Israel and Iran, let us hope Obama does not cause the greatest blunder in American history by trying to fight three wars at the same time.  With a weakened economy, massive debt, gigantic social welfare programs that sap taxpayer dollars from a country headed to depression, America will be vulnerable to attack.

We know Obama does not have enough experience for the job of President but maybe a good enough sense of humor to give Jay Leno a run for his money.  America is in a dangerous and most serious time and our president is campaigning in front of cameras instead of showing how he can lead a Nation out of impending disaster.