The way Barack Obama has wasted and squandered our tax dollars, I don't understand how he can sleep at night!
Thanks to his policies, if you include the people who have given up and dropped out of the U.S. labor force, our real unemployment rate is closer to 14.5 percent.
Thanks to Barack Obama and four years of his failed economic policies, government dependency jumped 8.1 percent in the past year, with the most assistance going toward housing, health and welfare, and retirement.
A discussion and analysis from the MSM follow.
For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto's Globe and Mail.
And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans.
If you're thinking the Canadian advantage must be due to exchange rates, think again. The Canadian dollar has actually caught up to the U.S. dollar in recent years.
"These are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback," Globe and Mail's Michael Adams writes. To add insult to injury, not only are Canadians comparatively better-off than Americans, they're also more likely to be employed. The unemployment rate is 7.2 percent—and dropping—in Canada, while the U.S. is stuck with a stubbornly high rate of 8.2 percent.
Besides a strengthening currency and a better labor market, experts credit the particularly savage fallout from the financial crisis on the U.S. economy and housing market, which torpedoed home values and gutted household wealth. According to the report, real estate held by Canadians is worth more than $140,000 more on average and they have almost four times as much equity in their real estate investments.
In a column for Bloomberg View, Stephen Marche traces the increasing wealth spread between the two countries to America's "struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair. "The Canadian System is working," Marche writes, crediting Canada's cautious, fiscally conservative society. "[T]he American system is not."
For the First Time, Canadians Now Richer Than Americans - US News and World Report
Last edited by James Cessna; 07-18-12 at 06:12 PM.
This isn't just Obama's fault. This is decades of Republocrat rule that brought us to this point. Obama didn't magically shut off the economic mobility valve and start throwing money at the new aristocracy. That **** took time and effort to establish. The new oligarchy which has been established and which subverted the Republic is all thanks to the Republocrats.
Decades of Republocrat rule have brought us to the precipice upon which we stand.
You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
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If there's a god, damn it she won't mind.
If there's a god, baby she won't mind.