Thursday, September 16, 2010

The Economy is Looking Even Worse


This year, 14.3 percent of Americans live in poverty--the highest level since the Census Bureau started keeping these statistics.
http://www.washingtonpost.com/wp-dyn/content/article/2010/09/16/AR2010091602698_pf.html

Foreclosures on homes continue to rise, while bank repossessions of homes has hit an all-time high. Interesting (and sad) note: Nevada leads the country in home foreclosures as well as in unemployment. (Note to Nevadians: fire Mr. Reid.)
http://www.cnbc.com/id/39192246

Unemployment hasn't gone down--it hovers around 10%, while the actual unemployment rate is closer to 18%. American debt has gone through the roof. Businesses are not hiring, and are not creating new jobs.

So, let's tax those who make some money.
Read this to understand that Mr. Obama is not quite telling the truth when he states that only 3% of small business owners will be affected by the tax hikes he wants to put on those at what--he--defines--as--"rich"-------it's actually 48% of small business owners that will get hit. Note the other name for "rich" small business owners--EMPLOYERS.
http://online.wsj.com/article/SB10001424052748703959704575454061524326290.html

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