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Utterly Staggering!!

November 1st, 2009 Aaron No comments

View the link below only if you have a strong stomach!

http://www.usdebtclock.org

Categories: Economics Tags:

42 states lose jobs in August, up from 29 in July

September 18th, 2009 Aaron No comments

So much for the touted economic recovery by Mr. O.

WASHINGTON – Forty-two states lost jobs last month, up from 29 in July, with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio.

The Labor Department also reported Friday that 27 states saw their unemployment rates increase in August, and 14 states and Washington D.C., reported unemployment rates of 10 percent or above.

Read more…

Categories: Economics, Politics Tags:

A Lesson in Socialism

July 16th, 2009 Aaron 2 comments

I received this in an email and thought it was a simple way to describe what the Obama administration wants to bring upon us.

An economics professor at a college made a statement that he had never failed a single student before but had once failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. The Class agreed!

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.

As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. The second test average was a D! No one was happy.

When the 3rd test rolled around, the average was an F. The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward and shares it with those not earning it, no one will try or want to succeed.

It just doesn’t get any simpler than this.