The root of our economic troubles is primarily related to our trade deficit and the failed trade policies that have allowed other countries to prey on our wealth.  The graph below, which can be clicked on to view a larger image, basically tells the whole story.

While many Republicans, and even some Democrats, acknowledge that there is no money to pay for President Obama’s new jobs package, then why do they not acknowledge we can no longer afford hundreds of billions of American dollars a year flowing out of our country and into foreign businesses? (more…)

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The trade deals announced ahead of this visit were very troubling.  General Electric, one of America’s largest multinational corporations known for innovation, had announced plans to build jet engines for the Chinese.  Many of us know about China’s horrible regards to intellectual property rights.  But even more troubling then this is that for GE to get the deal they essentially have to hand over the design plans for their engines.

It’s bad enough that China has taken many of our manufacturing jobs.  Now the Chinese are taking our blueprints to build jet engines.  This has military implications as well, since GE engines can be retrofitted for military aircraft. (more…)

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Many people are blaming President Obama for the health insurance premium increases.  But the owner of Temporary Health Insurance Pro hit the nail on the head, in my opinion, when he so directly pointed out that our aging country is simply encountering more costly medical problems then at any point in our past.  He noted these costs are being spread across the insured and policyholders are feeling the impact.  And this guy noted it was going to get much worse as seniors get closer to Medicare eligibility. (more…)

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The debate about health care reform has escalated into a mudslinging match between Republicans and Democrats.  Republicans, eager to represent their corporate campaign donors, have used fear tactics and propaganda to further their message.  It’s time for all this nonsense to stop.  Republicans have crossed the line in promoting fear and illusion.  Republicans offer no plan to fix health care for Americans, but instead offer promises of economic collapse and widespread anarchy. (more…)

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At the writing of this post, the nations unemployment rate stands at 10.2%.  This is certainly the highest unemployment rate the USA has seen in many years.  At the present time 5.613 million Americans are drawing unemployment checks, and that does not count the millions that have left the accounting of this nation’s unemployment system.

Broader figures place the unemployment rate much higher then 10.2%.  Even without the actual unemployed numbers, assume that each person drawing unemployment once supported a family of three.  If that were the case, over 16 million lives have been impacted by a lack of money and jobs.
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Democrats have been pushing an economic stimulus package that includes “buy American” provisions.  Many Republicans are concerned such provisions would be the spark to ignite a trade war.  You can read more about these buy American provisions here.

But the truth is America has laid down and surrendered well before the trade war ever started.  Just look at the casualties - millions of Americans left unemployed and poisonous products made in China sitting on nearly every store shelf.  Why would Republicans be concerned about igniting a trade war when we have been getting our butts whipped in the current trade war? (more…)

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There is a growing fear that those receiving unemployment compensation in Ohio will be given IOU’s by the state, just in time for the holidays.  According to a news story released today, Ohio may run out of funding for unemployment benefits by next month.
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I would like to take this opportunity to congratulate Barack Obama for being elected President.  It is not only historic because of his heritage, but because he will take over at such a troubling time.

President Elect Obama has the potential to be one of the great Presidents this nation has ever seen.  He will face many challenges left behind by Bush and his incompetent Administration.  But if Obama can save this country, he will certainly become a hero to many working class Americans.
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Previously it was reported that AIG executives went on a lavish spa retreat after receiving $85 billion in a a taxpayer funded bailout.  While people on main street are trying to feed their families and meet their difficult financial obligations, here comes AIG pissing money away on foot massages and aroma therapy. (more…)

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First, let’s look at the Iraq War.  Some will argue that there was or was not just cause for invading that country.  Few will argue that Iraq was more stable, and less of a threat, under Saddam Hussein’s rule.  Many billions of dollars later, Iraq is still unstable and now is home to more terrorists then ever before. (more…)

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