Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, September 6, 2011

Solyndra


Yesterday Was Labor Day, 2011 Like my parents, grandparents, great grandparents, and ancestors before them, I worked. My driver pointed out to me that there were very few cars on the streets. In the Gingrich contract with America of 1993, (now running for president) the PHD history professor pointed out that American jobs-labor was the most important thing in our country. Republicans should never forgive George H.W. Bush (41) nor Gingrich that they were in the forefront of the NAFTA, GAT, CAFTA and other job destroying debacles which have led to the destruction of the American economy. I have supported two third party candidates, John Anderson and Ross Perot. Perot was right, a big sucking sound as American jobs went abroad... Mexico, China, India. Four of every ten American workers are now out of a job. The official unemployment rate is 9.1% but it is certainly double that.


A university student came and interviewed me about the Great Depression. I think it amazes some university types that there are still many people alive who remember the Great Depression (1930-1950). It was not the socialist programs of FDR an his avowed communist VP, Henry Wallace, and his avowed communist chief of staff, Harry Hopkins who brought us out to of the depression, rather the spending and debts of WWII.


I told the student, that at the beginning of the Great Depression (1930), 90% of all Americans lived on farms. Today 90% of all Americans live in the cities. On the farms, the people could grow some food, have livestock for food, (hogs, cows, chickens) even hunt for food in the woods which at that time still had much wildlife. Even so, nine million Americans starved to death, a large part of the population at that time.


I will remember the desperation of even those in the countryside. In the small towns, it was a matter of silence and inactivity. Most buildings were “boarded up”. Mules with carts and wagons tied to trees and light poles up and down streets. There were few cars. Those that owned cars could not afford to drive them. I remember so well, my own father putting many thicknesses of cardboard boxes all over the enclosed garage and storing our car. We used the mules for transportation. We used the mules for all farm work. Yes, Mr. Obama this was called clean energy.


I mentioned clean energy because this is what Mr. Obama called Solyndra in the Fremont, CA plant that manufactured the solar windows and doors. “it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world.” (President Obama) The 1100 best workers in the world have been laid off and the Solyndra plant closed. This has been the history of the Obama economic recovery, month after month ZERO employees added to the workforce... an end to deportation of illegals. 1.2 trillion American tax dollars given in secret to New York banks... Barclays, Chase, etc. One of Obamas chief fund raisers was George Kaiser, a Solyndra board member and an Oklahoma billionaire, who raised $100,000 for the 2008 Obama election. (according to the news source Wizbang $535 million was loaned to this now defunct corporation by the Federal government) Government has become a matter of state and corporate powers.


The media now calls this a great recession not another Great Depression. By every classical measurement, every logical thought we are in a depression. The difference between the great depression of my childhood, the rest of the world was not in a depression in 1930. Today, rolling across Europe there is nothing but depression in fact, the EU s no more... now wanting to sell Euro-bonds. Who will buy them?


To this day, orthodox Jews, world over, observe the feast of the tabernacles. In this practice, Judaism, remembering the plagues, their delivery from bondage in Egypt, build temporary shelters outside their homes where they, in their discomfort, remember the trials of their ancestors. Old testament Jews, would give as many as 203 sacrifices in one week. They wanted God to know that they remembered and had not forgotten the efforts of their ancestors to prove themselves.


I have learned, that today, in South Korea, there are camps, to which children go to recover from technology... camps where there is no iPods, no cell phones, no computers. They learn about living before the time of such technology.


Once, following a family tragedy, (the accidental death of a child) the mother of the child took her family Bible and threw it across the room. Where is God during tragedy? Without God, there is no reason for human existence or even the existence of nature. God is not unaware of personal problems, the problems of men or nations. He knows about corruption in government (Christs' ministry was during the most corrupt time of Roman government). He knows about invincible-corrupt police... wars without congressional approval. He knows about inflation of food prices. He knows those who depend on Him. Trust in the Lord with all your heart . Lean not on your own understanding (Proverbs 3)



Thursday, April 22, 2010

Gold-Men-Sacks




#566

I have never known a con man I did not like. In one way or another, we have all been conned. Recently, seeking to trade a perfectly good used car for a new car (my used Cadillac only had 36,000 miles, one owner, like new) I was conned by a dealership in another town who wanted me to buy a new Cadillac … when I got there they had no new cars. Investigating, I went into the Lincoln dealership. The sales manager said, “If you want a new car you are going to get a new car”. And so I did, my car and a check for $30,000 later, my driver drove me away in a new Lincoln. It was not until a few weeks later, that we discovered, the car had a bad paint finish covered up by careful polishing. As you have already surmised, Lincoln nor the State Attorney General offers any relief, their words, “you bought the car that you got”. Like one time, as a child, hard working in green tobacco to buy school clothes, my shirt faded completely the first time it was washed. The owner of the store said, “you bought the shirt that you got”.

We get the politicians that you buy, the best politicians that can be bought and, they just turn a blind eye to the corruption which goes on in our country with the financial community. North Carolina bought a con job, or rather, the Democrat machine that has controlled this state for over 100 years bought a con job. Thousands of farmers, living on small farms had made a good living raising, harvesting, and selling tobacco, cotton, soy beans and corn providing a livelihood for many because on these small farms the land owners and even their tenants could grow their own food, livestock etc. When the cash crop, the tobacco, was removed from the farms all these refugees from the small farms went on the government dole, living in housing projects. These farm families who had supported schools, churches, given to the world children accustomed to hard work and moral values were now gone from the American scene forever. Cigarette companies coughed up millions of dollars to state governments to be used in the very doubtful process of teaching people not to smoke. Tobacco growing and cigarette manufacturing moved to China where 65% of the population smokes.

I watched with interest, a hearing from the Senate Commerce Committee about the giving of this money to the Golden Leaf Foundation, a foundation who's board of directors is made up of good ole boy machine Democrat demagogues who have run this state my entire life. I understand the same thing has happened in every tobacco growing state.

Senator McCain, chairman of the committee, mocked former Governor Jim Hunt, so anxious to teach young people not to smoke. The money from the Golden Leaf Foundation has been used for everything except teaching people not to smoke. I find that about as many smoke now as ever, especially women. I understand women feel they are liberated! Since the largess of the tobacco companies and their millions, obviously did not teach people not to smoke, the government has passed laws to stop smoking in every building except your personal home and that will probably be next. Having been in China three times since this fiasco started, I can tell you that more tobacco is grown in China than I ever saw in Eastern North Carolina and, along with all their other exports comes tobacco products. Mr. Obama was to open up jobs in automobile manufacturing. The jobs have opened in China. China produces twice as many cars now as the USA.

Another con game was the closing down of all textile mills and sewing factories located in the state. Many if us had worked hard attracting such facilities to the stae in which lower education but hard working people could make a living. Almost every town of any size had a cotton mill (a mill where cotton was converted into fabric) and certainly a sewing factory where clothing was made. All of this industry is now in China, India, or a South American country. Many towns, had a furniture manufacturing industry. North Carolina was known as the furniture manufacturing mecca of the nation. This has all moved to China, India, or some other country. North Carolina was known for it's textile manufacturing. Cannon Mills offered employment for many citizens. Money from this great industry supported many education facilities.

Unemployment in North Carolina is now between 10 and 20%. Education institutions are turning out graduates but only those preparing for the healthcare fields are finding jobs. The Democrats have been successful, they have erased blue collar jobs and with their Communist healthcare system are providing blue collar jobs for those who will care for the “masses”.

How crazy can we get? The gold-men with their sacks, gave Mr. Obama $975,000 (nearly 1 million) for his political campaign. Now, SEC enters a complaint against Goldman Sachs that the Wall Street powerhouse committed securities fraud by creating and selling a mortgage investment that was secretly intended to fail. According to the complaint, Goldman created Abacus 2007-AC1 in February 2007 at the request of John Paulson, a prominent hedge fund manager who earned an estimated $3.7 billion in 2007 by correctly wagering that the housing bubble would burst. Now, you might say that such shenanigans is against the law but, Henry Paulson, Secretary of the Treasury, gave a special waiver. Does it surprise you that Henry Paulson, former president of Goldman Sachs, received a 200 million dollar bonus? Along with the Paulsons, Robert Rubin (former president of Goldman Sachs), Secretary of the Treasury under Clinton, and Tim Geithner, present Secretary of the Treasury under Obama, all are involved in this scam against the American people. Goldman Sachs', banker for the Rothschild International empire is so entrenched in the muck of international money corruption that only history and investigations can possible pry out. Pelosi, another one of the Washington crooks, said she was going to drain the swamps. She needs to start at her own house, then go to the White House, then go to Mr. Chris Dodd's house and Mr. Barney Franks's house for a good start.

Our country now has a 12 trillion dollar National Debt and a 1.6 trillion dollar deficit as far as the eye can see. China and other lenders will eventually get their money back, but what will it be worth? The Washington and Wall Street mafia has already decided to pay up by moving up … moving up inflation. Goldman Sachs, and the Paulsons, bailed out AIG. The secret about the AIG bailout … the secret will come out eventually is AIG holds most of the annuities and retirement funds of many Americans and most government workers. Bonds go up when stocks go down. The bubble now is US Treasury bonds, we, having lived through the bubbles and bailouts of .com, automobiles, construction and banking.

General Motors was founded in 1908. Yesterday General Motors that it was paying back it's bailout money. IN 1910, a General Motors worker could earn in one month enough money to send his child to college for a year. In 2010, a General Motors worker must work one entire year to send his child to college for one year. The inmates are running the asylum. When will the average American citizen, American working person learn that we have been sold out … a con job, sold out to the men with sacks in the financial community and the political hacks. When will those who steal from us learn that they are walking around carrying sacks with holes? (Hag 1:6)