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Obama Jobs Speech from Obama the Job Loss President
September 12, 2011 Investment news in Livermore,California, United States of America
With friends like Obama – who needs enemies? The only sector with job growth was federal government which rose 13 percent during his 2.5 years in office costing American citizens trillions.
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Obama Jobs Speech from Obama the Job Loss President
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Livermore, California, United States of America (Free-Press-Release.com) September 12, 2011 --The Obama Jobs Speech from Obama the Job Loss PresidentBy Delwyn Lounsbury - THE DEFLATION GURU
The Obama jobs speech on 9/8/2011 about his proposed National Jobs Act used the word jobs 37 times and his use of “pass it now” totaled 17 times. This eclipses his last redundant Marxist class warfare speech when 17 times Obama said “invest or investments” which is covert communist code comrade for political pork payola. Probably money never to be seen ever again – an example is the Solyndra solar of Fremont, California bankruptcy on 9/6/2011 resulting in 1,100 jobs lost and American taxpayers lost $535 billion due to a loan guarantee Obama had arranged. Solyndra’s venture capital investors are also out $1.1 billion. How many real jobs in real companies could that money have produced? Apparently, Solyndra’s outdated expensive technology couldn’t complete in the free market. Now, the FBI has raided Solyndra’s offices and is going through boxes of documents and computer hard drives. Why? Is this a big cover up and the hiding of evidence of an Obama administration big black eye?
Obama job losses include a record 30 months of rising unemployment to close to 10 percent and a record 13.9 million jobs lost since he took office. Back on February 17, 2009 the $830 million American Recovery and Investment Act (Obama's first jobs bill) did not lower unemployment. Then, on March 23, 2010 the passage of socialist ObamaCare (rationing and euthanasia) now threatens to raise excise taxes on medical device makers causing them to layoff. Next, on September 21, 2010 the Feds announced plans to regulate and tax the internet which could cost 500,000 jobs. Then, on March 23, 2010 Obama announced the U.S. would loan money to Brazil for oil drilling off their coast. Why not help American oil interests here? On April 20, 2011 the Obama administration blocked building a southern state car factory that would have meant 5,000 jobs. Then, the Obama administration came up with a slough of new EPA job killing regulations. Next, on July 22, 2011 Obama started attacking the private jet industry that employs 1.2 million workers. On August 21, 2011 the Obama government blocked ATT’s purchase of foreign owned TMobile which would have repatriated 5,000 jobs back to the USA. Finally, the Feds raided Gibson Guitar Company over what wood to use in their American made guitars.
With friends like Obama – who needs enemies? The only sector with job growth was federal government which rose 13 percent during his 2.5 years in office. Frontline on PBS this week reported the DHS (Department of Homeland Security) now employs over one million people and the war on terrorists may have cost upwards of $ 3 trillion. This big bloated government has resulted in the need for more borrowing and deficit spending leading Standard & Poors to downgrade U.S. debt from AAA to AA+. President Barack Hussein Obama will go down in history as both “Obama the Downgrade President” and “Obama the Job Loss President.” America had an AAA credit rating since 1917. Not any more. This will eventually mean billions in higher interest payments on Obama engineered exploding debt due to deficit spending.
The new Obama National Jobs Act he is proposing will cost $200,000 per (temporary) job while the tax increase to pay for it will be permanent. Huh! Its all planned to be financed by limiting itemized deductions on those making over $250,000, reducing home interest rate deductions, reducing oil and gas company deductions and reducing charitable giving deductions. This will hurt growth, hurt charities and cause more debt and deficit.
In addition, figures September 14, 2011 show 2 million more Americans are under the poverty line of $11,200 for a single person or $22,314 for a family of four. That makes a whopping 15% or 1 in 6 (yes, 46.2 million) of our population living in poverty and the truth is 50% live on half that much due to the high unemployment levels. U.S. poverty totals are at a 50-year high the Census Bureau's grim statistics show. Plus, 1 million more Americans went without health insurance this year. If it wasn't for the recent unemployment insurance compensation extension to 99 months things would have worsened as they surely will if the cap is not extended again. Idiotic Obama spending and class warfare are just killing more jobs by making businesses give up and quit hiring - golden goose gone bye bye.
The Obama jobs speech was purely campaign propaganda and there was no proof of how the $450 billion dollars would be paid. Is this just QE3 – Quantitative Easing # 3? The Obama jobs speech insisted 17 times “pass it now” (I want to get re elected). To me the upsetting and childish jobs speech was presumptuous and arrogant and is just a prelude to more spending and more class warfare from misguided Obama the socialist communist Marxist fascist Nazi. More at my website about how to survive and get rich in the coming deflation and Greater Depression… Hurry the CRASH is coming.
Copyright 2011 by Delwyn Lounsbury – THE DEFLATION GURU
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Delwyn Lounsbury - THE DEFLATION GURU is an Eagle Scout and licensed California real estate agent since 1968. Get Your Free 90 page "Deflation Guidebook" at: http://www.deflationeconomy.com HURRY! TIME IS RUNNING OUT TO PREPARE!
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