Saturday, October 23, 2010

ELECTION DAY

Election day is rapidly approaching and on that day, November 2nd, Americans will have an opportunity to register a vote against the Obama Administration and its allies. This group of so called federal leaders has done little if anything to help our nation during these past two terrible years. This is particularly true of the American economy.

The most important issue of this election is the economy. The raw data pertaining to our economy absolutely confirms that every candidate for Congress or Senator who has in any way supported the Obama economic plans must be denied office. The most obvious evidence of the failure of our national government in this area is the unemployment rate. Nationally the "official" percentage of Americans out of work in right at 10%; has been at that level for some time; and is expected to remain, at best, stationary.

There is more.

As of this third week of October, the nation debt was over $13,667,000,000,000.00. That is 13 trillion dollars and its growing. Making this matter even worse is that included in this debt calculation is the, as of August 2010, $868.4 Billion owed Communist China. Reports are that recently Communist China has increased its holdings but that will not be revealed by Washington until the end of the year. The federal government intentionally runs 60 day behind in its disclosure of debt to foreign nations.

Moving this financial concern more toward every day America, during the year of 2009 the federal government closed 140 general service public banks. These banks had failed financially and action was needed to protect the deposits of their customers. Taxpayers paid 100's of millions of dollars last year in serving this purpose. 2010 is no better. Through October 22 of this year, 139 more banks have been closed and last year's number of closures is expected to be topped.

There is more but I have already expressed enough bad news.

The real hope of all real Americans is to halt and reverse these types of terrible economic news items. It can be done and the first step is to rid Washington of the elected Obama allies.

We can do that on November 2, 2010.

No comments:

Post a Comment