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Sunday, November 18, 2012

Unemployment Rate Climbing

Jobless Claims increasing,....an article from Breitbart. The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy.

From the Department of Labor press release:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Some of the new claims, especially in New Jersey, were due to Hurricane Sandy--but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries.

Both states had been targeted by the presidential campaigns. President Obama highlighted his record of job creation in Ohio in particular, focusing on the automobile industry. The state reported 6,450 new jobless claims in the week after the election--second-highest after Pennsylvania, which recorded 7,766 new claims.

Cowboy's comments:

Make no mistake about it, the turnaround in Ohio's economy was built by a Republican Governor and Republican Legislature despite oposition from Democrats and the Unions. How dare Obama claim credit for Ohio's progress!

Now we have a diverse list of companies stating they are going to close down, lay off workers go to a part time work force with maximum weekly hours at 29 hours to keep from going bankrupt on the obamacare regulations which are even barely beginning to be implemented.

Companies and (layoffs or firings):

Proctor and Gamble (unidentified layoffs),
Stryker Corporation (1,170),
Red Lobster and Olive Garden Restaurants (going to a part time work force with yet unidentified layoffs), Ericcson (1,500),
Hostess Brands (18,500),
Xerox (2,500),
Panasonic (10,000),
Monitor Group (235),
NBC (500),
United Technologies (500),
Energizer Holdings (1,500),
U.S. Cellular (980),
Vesta Wind Systems (3,000),
Bristol Myers (480)

And these are just the larger layoffs (less than 200) since the election!! Wait for more to come in this Obama engineered economy.  If there was data on all the small businesses laying off employees or closing their doors - then that news would be horrifying for the economy and a statement on businesses' lack of confidence in Obama and his economic policies.


Saturday, November 17, 2012

Our Constitution Has Failed, by Ron Paul

Ron Paul: 'Our Constitution Has Failed', By Chris Good, ABC OTUS. Dissenting view by Cowboys and Tea Parties.

Rep. Ron Paul, the iconic libertarian congressman from Texas, has delivered what will most likely be his final address to Congress.

In a sprawling, 52-minute speech to the House chamber, Paul lambasted U.S. government, politicians and special interests, declaring that the U.S. people must return to virtue before the government allows them to be free, and that the Constitution has failed to limit the scope of an authoritarian bureaucracy.

"Our Constitution, which was intended to limit government power and abuse, has failed," Paul said. "The Founders warned that a free society depends on a virtuous and moral people. The current crisis reflects that their concerns were justified."

Cowboy's Comment:Are you kidding me? The people have failed, not the Constitution. The People have failed the founders and everyine who has fought, bled or died for this country. Ron Paul is right about a free society being dependant upon a "virtuous and moral people", but lack of enough of these people to counter the greedy, hateful people is what has went wrong".

For the retiring Republican, 77, the "current crisis" isn't quite what it is for other members of Congress, who routinely use that word to describe the economic recession that followed the 2008 financial crash. To the Texas Republican, that's part of it, but the causes are deeper, and it's also a crisis of governmental authoritarianism and the vanishing of personal liberty.

"If it's not accepted that big government, fiat money, ignoring liberty, central economic planning, welfarism, and warfarism caused our crisis, we can expect a continuous and dangerous march toward corporatism and even fascism with even more loss of our liberties," said Paul, an obstetrician-gynecologist by training.

Cowboy's Comment:WHAT? The collapse of this country will give rise to Socialism, not corporatism nor fascism.

The problem isn't just government's size, but its use of force, both in starting preemptive wars and as it coerces U.S. citizens with police power. To Paul, this is the fault of Americans who no longer prioritize liberty, and it will lead to the unraveling of orderly society unless people change.

"Restraining aggressive behavior is one thing, but legalizing a government monopoly for initiating aggression can only lead to exhausting liberty associated with chaos, anger and the breakdown of civil society," Paul said. "We now have a standing army of armed bureaucrats in the TSA, CIA, FBI, Fish and Wildlife, FEMA, IRS, Corp of Engineers, etc., numbering over 100,000 civil society."

More than coercive, to Paul the government is also corrupt: "All branches of our government today are controlled by individuals who use their power to undermine liberty and enhance the welfare/warfare state-and frequently their own wealth and power," he said.

Throughout his speech, Paul questioned not only the fundamental health of America's social compact, but specifics like fiat money, the power of the Federal Reserve, the PATRIOT Act, Foreign Intelligence Surveillance Act modifications, undeclared war, the illegalization of medical marijuana, mandatory sentencing requirements for drug crimes, the illegalization of hemp, TSA searches, federal debt and borrowing, the White House's authority to assassinate those it declares terrorists, the legalization of detaining U.S. citizens for national-security purposes, the political power of AIPAC, and the regulation of light bulbs and toilets in people's homes.

For Paul, the list of grievances is long, and he might not have accomplished much in Congress: "In many ways, according to conventional wisdom, my off-and-on career in Congress, from 1976 to 2012, accomplished very little," he said. "No named legislation, no named federal buildings or highways, thank goodness. In spite of my efforts, the government has grown exponentially, taxes remain excessive, and the prolific increase of incomprehensible regulations continues. Wars are constant and pursued without congressional declaration."

Cowboy's Comment:Now you're getting somewhere,.....gigantic government growth, excessive taxes, and the incredible increase of incomprehensible regulations continues unabated - these are the problems. When George Bush signed 60 some odd Executive Orders in 8 years and Obama signing over 900 Executive orders in 4 years - that is the problem. Creating rules, regulation, and laws that have criminal penalities, with Congressional aproval is the problem.

In thinking about the champions of liberty, his lesson is a bitter one: "History has shown that the masses have been quite receptive to the promises of authoritarians which are rarely if ever fulfilled," but his prescription is hopeful.

Paul left the podium, for the last time, offering an "answer" to all of these problems: that people should choose liberty and limit government, and seek change within themselves.

"The number one responsibility for each of us is to change ourselves with hope that others will follow," Paul said, urging an end to two motives that have hindered U.S. society: envy and intolerance.

"I have come to one firm conviction after these many years of trying to figure out the plain truth of things. The best chance for achieving peace and prosperity, for the maximum number of people worldwide, is to pursue the cause of liberty. If you find this to be a worthwhile message, spread it throughout the land."

Thursday, November 15, 2012

The People Have Spoken,...and they are Clueless

The People Have Spoken,...and they are Clueless,....at least 51% is.

The below teaser came from Mychal Massie's Daily Rant site from a piece writen by Dan Bubalo. Read the entire article here.

Like him or not, Mitt Romney ran a good race. In fact he ran a great race. He was "presidential", he's brilliant beyond anything I can imagine, he presented an alternative, and the voters of the United States said, "Take a seat on the bench."

WOW. WOW. WOW. The message is still sinking in.

Last night I discussed the lives of Mitt and Ann Romney and asked rhetorically, "Do you think they're sleeping well?" Nobody could ask for a better shot at the prize. Nobody could have picked a better running partner than Paul Ryan, and nobody could have presented a more workable alternative than Mitt Romney, and America said, "NOT INTERESTED."

Watch out what you wished for, because reality is going to land soon with a giant thud. Apparently the country wants foreign energy dependency, the country cannot wait to embrace the excessive taxation of Obamacare, it desires a neutered military, and cares not a whit about a strangling deficit. The questions are how and why did we make this decision, and what prompted the country to accept such a weak man as its leader after he's proven himself to be a naïve and incompetent poser.


Well, another sign of the times is the exposure of the General Petraeus affair. A Yahoo! poll asked if General Petraeus should have resigned, like he did, or was his affair while serving as the Director of Central Intelligence only was his business and nobody else's and he should have stayed. With approx 12,000 voters at the time I saw the poll, 49% said he should have resigned and 51% said the affair was his business and he should have stayed. Wow! 51%,...that's the same percentage of people who voted for Obama.....and that's not a coincidence....that's 51% who have no concept of honor.