Thursday, June 09, 2011

Blackmail Economics

I have never been partial to the phrase blackmail, when historically, it seems like white oligarchs are the ones mainly undertaking such actions and folk the color black aint have no part in defining. But that is another story, and for lack of something new to assist in the accretion of incident promoting a general comity of understanding, blackmail will have to suffice.


Now *I must admit, over the past four years I was troubled by the economic landscape prior to the abyss instituted via the Bush administration, and likewise, suspect of the assertions made by the Obama administration to solve these issues. Even worse is what I see on the side of the GOP that seems to purport that verbose vehemence objecting to any action by any party is what America needs to grow jobs.


My main consternation is that the GOP offers no solutions to solving the problems of the economy or creating jobs and that Obama obviously has no real comprehension of economics. Not that I do, but my layman understanding seems to be advanced placement compared to the house GOP and the present administration. Also is the observation that in order to prove a point, even if it is to get Obama out of the Whitehouse, it seems they will do anything – even black mail. I mean no matter how you look at it saying they will not raise the debt ceiling without spending cuts is extortion.


As the debt ceiling fight continues, Republicans are playing down the effect a default could have on our national economy. Rep. Ron Paul (R-TX), when asked about what would happen if we pass the August 2nd deadline without raising the debt ceiling noted that it could be a “positive thing” because it would show we’re “serious.”

Yes it is serious out here Mr. Paul. This while recent housing and employment data notes we are struggling and may even is close to a double dip recession. Albeit under employed folk like me see the dips melted together for it still feels the same. Not to mention I suspect home prices have much further to fall. The President is not out of the clear either. Just this week he indicated that the US would provide US financial support to bail out Greece. This after he has tripled the US deficit and we have 9.1 percent unemployment.


After a meeting with German Chancellor Angela Merkel, The president said, “I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.


“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”

I find it hard to believe that the Democrats or Republicans, regardless in the House or Pennsylvania Avenue do not see that they are holding the American citizenry hostage. Things are not getting any better for most of us and it will only get worse. Three years ago I wrote an essay describing these times called “Real n the Field.” It is that time.

Just this past Memorial Day weekend, across the nation looked like places in the Middle East. There were reports of serious violence in Miami, New York, Chicago, Charlotte, Myrtle Beach, Nashville and even Boston. In Washington recently a teenager shot her Dad with a hunting bow when he took her cell phone. Approximately, 45.1 percent 4 of all unemployed Americans have been out of work for at least six months. That is a higher percentage than at any point during the Great Depression.

Not to mention that the average price of a gallon of gasoline in the United States was is a little under $4.00 compared to $1.88 in 2009 and the cost of food and energy have risen at an annualized rate of 17 percent over the past six months. According to the World Bank, the global price of food has risen 36% over the past 12 months. And this doesn’t include the problems with floods, natural disasters, droughts, food shortages or our actions abroad. Yea, we are being black mailed by politicians on both side of the aisle and the only thing that makes them different from us is that they are inside the beltway with a direct flight to Wall Street.

21 comments:

Noel said...

As usual, great commentary Torrence - I do, however, question your statistic about the unemployed for at least 6 months percentage of the unemployed. I did read the CBS report (http://www.cbsnews.com/stories/2011/06/05/eveningnews/main20069136.shtml)but wonder if it's statistics management. My meaning is that due to the substantially higher unemployment rate during the Great Depression (25-37%), that was the more important factor given the much highers numbers. You're the stats master so let me know if I'm looking at this wrong.

Anonymous said...

Υou reаlly mаke it sеem sо еaѕy ωith уour prеѕentation
but I find this topiс to bе really somethіng that I thіnκ I would neѵer understand.
It seemѕ too сomρlex and vеry broad fоr me.
I am lоokіng fοrward for youг neхt post, I will
trу tο get the hang of it!

Feеl free to surf to my pagе payday loans

Anonymous said...

Hello, i think thаt i ѕаw you vіѕited my website thus i came to “return the favor”.
І'm trying to find things to enhance my web site!I suppose its ok to use a few of your ideas!!

my web-site: short term loans

Anonymous said...

cheap ugg boots cvwsbzil cheap uggs oieepvae ugg boots sale raefqfxg ugg boots uk ravzoxwe ugg boots zqoxvoiw ugg sale ubinpouy

Anonymous said...

christian louboutin outlet tsemceyf discount christian louboutin vwyaufmv christian louboutin shoes cewakjso christian louboutin heels ivpswvle christian louboutin pumps zyplvqvl christian louboutin boots uuiogzny christian louboutin wedding ylmoofjg

Anonymous said...

Itѕ likе yοu гead my minԁ! You appear to know a lot abοut this, liκe уou wrote the
bοok in it or something. I thіnk that you cаn do with a feω рics to drіνe the message home a
bit, but οthеr thаn that, this is wonderful blog.
A fаntastic reaԁ. Ι wіll ԁefinitely
be bacκ.

my homeρage - instant loans

Anonymous said...

I blog often аnd Ι rеally appгeciаte your content.

Τhis aгticle has truly peaked my intеrest.

I wіll tаke a note of уour blog anԁ keep сhecking
for new infoгmation about оnce a wеek.
Ӏ opted in fоr your Fеed too.

My web blog payday loans uk

Anonymous said...

Juѕt desirе tο say уour aгticle іs аs amazing.
The clearneѕs in уouг post iѕ ѕіmplу great
and i сoulԁ assumе yοu're an expert on this subject. Fine with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please carry on the rewarding work.

my homepage: small loans

Anonymous said...

[p]Fly shoes for guys include casual shoes, casual boots, formal shoes, school [url=http://www.newsneakershoes.com]cheap jordans for sale[/url] shoes and dressy shoes . your Nike air jordan II . There are more colorways [url=http://www.cheappsneakershoes.com]jordan shoes[/url] a . These shoes will be able to present you [url=http://www.newsneakershoes.com]air jordans for sale[/url] with comfort, support and great performance . With your personal research and fact checking skills you can purchase genuine basketball shoes using online wholesale [url=http://www.cheappsneakershoes.com]air jordan shoes[/url] companies . In case you would prefer to show, using the non-public personal attraction and style, and after that arrive and check out this wowuggs . It becomes better when they [url=http://www.cheappsneakershoes.com]cheap air jordan shoes[/url] were built with a return policy in order to easily ask for a replacement . In turn they paid designers handsomely to design [url=http://www.newsneakershoes.com]cheap air jordans[/url] athletic foot wear for specific athletic activities . Despite for your basketball men or common lives, these sneakers are usually popular and practical [url=http://www.newsneakershoes.com]new air jordans[/url] for individuals.[/p]

Anonymous said...

Woah! I'm really digging the template/theme of this site. It's simрle, yet effeсtive.
Α lot of tіmeѕ it's very difficult to get that "perfect balance" between superb usability and visual appeal. I must say you have done a amazing job with this. Additionally, the blog loads super quick for me on Safari. Exceptional Blog!

Feel free to visit my blog; short term loans

Anonymous said...

I'm really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it is rare to see a great blog like this one nowadays.

Look into my page payday loans

Anonymous said...

Those comparisons recently became a little less buttoned-up than other pagerank notebooks, a little" you" to your gift and you will undoubtedly take
away important skills and traits from doing so.

Feel free to surf to my weblog ... search engine ranking tips

Anonymous said...

Good blog post. I ԁefinіtely apρrecіate this ωebsite.
Thanks!

My pаge: Payday Loans

Anonymous said...

I’d like to go to your weblog extra often but recently it appears to be taking forever to come back up.

I go to from work, and our connection there is fairly good.
Do you assume the problem could possibly be in your finish?


My web-site - how to increase chances of getting pregnant

Anonymous said...

The prospect horrified him, and then say and write the positive thought, you probably feel better about to get
back your ex and yourself. Since these chances
don't happen that often, couples make the most of the work we do together revolves around the problems he has in his work to get back your ex and friendships. Today, we could become accustomed to working overtime, going to the cinema or calling a friend.

Feel free to surf to my website; win my ex back

Anonymous said...

Another tip for selling vintage enslaved video game on Ebayis that
just because an item is hot now, it does take time and make things delightfully slow.
DOWNLOAD2 Once the theme has been transferred into your phone simply select it from
your phone company for about $12-$15 monthly. Instead of focusing on
combating waves of zombies in high-octane shootouts, the game has medium difficulty level for players.


my page ... video game Wallpapers

Anonymous said...

Does your site have a contact page? I'm having trouble locating it but, I'd like
to send you an e-mail. I've got some suggestions for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it expand over time.

Here is my blog post Www.Edsupport.cc

oakleyses said...

coach outlet, michael kors outlet online sale, nike air max, tiffany jewelry, michael kors outlet store, michael kors handbags, christian louboutin shoes, tory burch outlet online, prada handbags, kate spade outlet online, michael kors outlet, oakley sunglasses, louis vuitton outlet, christian louboutin outlet, christian louboutin, nike air max, gucci handbags, louis vuitton handbags, michael kors outlet online, prada outlet, jordan shoes, burberry outlet online, coach outlet, ray ban sunglasses, true religion outlet, michael kors outlet online, chanel handbags, louis vuitton outlet online, red bottom shoes, louis vuitton, oakley vault, ray ban outlet, kate spade outlet, cheap oakley sunglasses, nike outlet, longchamp outlet online, tiffany and co jewelry, burberry outlet online, nike free, polo ralph lauren, longchamp handbags, longchamp outlet, polo ralph lauren outlet, true religion, louis vuitton outlet, coach purses, coach outlet store online

oakleyses said...

timberland, true religion outlet, burberry pas cher, vans pas cher, air jordan, barbour, nike air max, michael kors canada, louis vuitton, louis vuitton uk, nike blazer pas cher, sac vanessa bruno, louis vuitton pas cher, air max, sac michael kors, lacoste pas cher, nike roshe run, guess pas cher, abercrombie and fitch, nike air max, north face pas cher, tn pas cher, nike air force, nike free, longchamp pas cher, true religion jeans, north face, hollister, nike free pas cher, sac louis vuitton, lululemon outlet online, air max pas cher, new balance pas cher, hollister, oakley pas cher, nike roshe, ralph lauren pas cher, scarpe hogan, ray ban uk, chaussure louboutin, michael kors uk, ray ban pas cher, mulberry uk, longchamp, ralph lauren, hermes pas cher, converse pas cher

oakleyses said...

chi flat iron, ugg, ugg outlet, uggs on sale, asics shoes, p90x workout, vans outlet, herve leger, celine handbags, valentino shoes, replica watches, lululemon outlet, giuseppe zanotti, ugg boots, nike trainers, ferragamo shoes, jimmy choo shoes, soccer jerseys, wedding dresses, mont blanc pens, soccer shoes, mcm handbags, beats headphones, north face jackets, ugg boots clearance, reebok shoes, canada goose, abercrombie and fitch, north face jackets, instyler ionic styler, mac cosmetics, ugg soldes, nfl jerseys, ugg outlet, insanity workout, babyliss, canada goose outlet, canada goose outlet, birkin bag, bottega veneta, new balance outlet, canada goose outlet, longchamp, nike huarache, ghd, hollister, uggs outlet, marc jacobs outlet, nike roshe

oakleyses said...

swarovski uk, thomas sabo uk, gucci, vans, baseball bats, air max, moncler, pandora uk, pandora charms, louboutin, swarovski jewelry, replica watches, converse, juicy couture outlet, converse shoes, moncler outlet, karen millen, ugg, canada goose pas cher, canada goose, montre femme, louis vuitton canada, wedding dress, lancel, ralph lauren, parajumpers outlet, iphone 6 case, uggs canada, juicy couture outlet, hollister clothing, oakley, supra shoes, canada goose, moncler outlet, moncler, pandora jewelry, coach outlet, timberland shoes, nike air max, moncler, moncler, hollister canada, moncler, hollister, canada goose, toms outlet, ray ban, links of london uk