Saturday, August 22, 2015

WHY AMERICANS ARE ANGRY:  It's The Economy, Stupid!

WISDOM   WISDOM   WISDOM   WISDOM   WISDOM   WISDOM   WISDOM]

         YOUR PERSONAL GPS
You might reach your life's destination better if you remember
GOVERNMENT'S VIEW OF THE ECONOMY COULD BE SUMMED UP IN A FEW PHRASES:  IF IT MOVES, TAX IT, IF IT KEEPS MOVING, REGULATE IT, IF IT STOPS MOVING, SUBSIDIZE IT - Ronald Reagan

IF YOU PUT THE FEDERAL GOVERNMENT IN CHARGE OF THE SAHARA DESERT, IN FIVE YEARS THERE'D BE A SHORTAGE OF SAND - Milton Friedman


DONALD TRUMP

When the American voter clearly puts Donald Trump first in the polls, they are indicating their displeasure with the professional politicians.  The voters made a big change in 2012 and again in 2014, expecting a change in government.  It hasn't happened.   Americans are angry!


NO COUNTRY HAS EVER TAXED ITSELF INTO PROSPERITY - Rush Limbaugh

Yesterday, the stock market plummeted 358 points, down 1,300 from the market's high point.  TODAY THE MARKET CRASHED ANOTHER 531 POINTS!  The stock market is a barometer of America's economic health.  From the market's bottom in 2009, the DJIA had gained 165% into uncharted territory.

A MAN'S MANAGEMENT OF HIS OWN PURSE SPEAKS VOLUMES ABOUT HIS CHARACTER - Thomas Jefferson


In an effort to kick start the economy the Federal Reserve took interest rates down to zero to encourage lending to businessmen and people.  Instead of lending money, the banks invested it themselves driving the stock market to new highs.  Bank shares went up, J. P. Morgan 350%, Morgan Stanley 450%, Bank of America 500% and Wells Fargo 625%.

THE RICH GOT RICHER WHILE THE POOR GOT POORER



A WEAK CURRENCY IS THE SIGN OF A WEAK ECONOMY, AND A WEAK ECONOMY LEADS TO A WEAK NATION - Ross Perot

THE RICH GOT RICHER, THE POOR GOT POORER

Since 2009 the top 1% saw their incomes rise 30%, the earnings of the bottom 99% rose 0.4%.  The top 1% captured 95% of the growth.   Americans on food stamps nearly doubled to 46.23 million.  THE  5% JOBLESS RATE IS MISLEADING.  The under employed rate is 12.6%, reflecting the number of jobless out of work for more than six months, the millions who are working part time wanting full time and those who work full time for stagnant wages.


THIS WEEK'S MARKET CRASH IS JUST THE BEGINNING


BE  PREPARED
HOPE FOR THE BEST, PREPARE FOR THE WORST


MAY GOD KEEP YOU AND YOURS IN BAD TIMES

GOD BLESS AMERICA IN HER TIMES OF NEED

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