MORE BAD NEWS

I took a sabbatical from writing and promised myself not to even look for the whole month of April at the damage the BHO Administration was doing to our nation. It almost worked.

This week I learned that the slow, and I do mean slow, reported progress that our nation was making toward a better economy had been a mistake. Two most recent news items proved the point that the USA is just not getting better. Those items were unemployment figures and nation debt.

For several weeks we have heard from Washington that the employment picture was getting better evidenced by a fewer number of weekly, newly reported unemployed. This improvement scenario has faltered. This week Washington advised that the data from week ending April 23rd had shown 429,000 new claims for unemployment compensation. Further, as of April 9th there were 8.2 million Americans receiving unemployment benefits from the government.

On the national debt scene, figures show that the USA is one of the most indebted nations in the world. We have the burden of being in the top five of the up-side-down national debt rankings behind only Japan, Greece, Ireland and Italy. Japan's government debt is 250.5% above its annual GDP (gross domestic product) and America's debt is 111.9% greater than its GDP. Think of what negative reports we have read and heard on the subject of the poor economies of Japan, Greece, Ireland and Italy and then visualize that America is not much better. Already Ireland and Greece have had their internal economies altered, aided (by loans) and modified by foreign entities such as the European Common Market and the IMF.

The Republican majority in Congress has yet to flex its muscle and compel changes to the American economy and to the the national debt. The fear of some increased degree of suffering being placed on the American citizens, even it is temporary, is holding them back as well as Obama and Democrat opposition.

Americans can handle a diminution in life style particularly when that backslide will be quickly cured by the growth of the national economy. Currently, as we are governed by BHO, our life style already slides down hill; America falls further into debt; and there is no real remedy being offered by the White House.