Wednesday, December 28, 2011

Sears to Close 120 Stores, 10,000 Jobs at Risk, Housing Prices and Foreclosures Decline - President asks for Rise in Debt Ceiling - Spending Continues


Playing Golf to reach a deal? Washington At Work - image foxsports.com


In the post-Holiday sales review, Sears has made the decision to close up to 120 stores, including both Sears and K-Mart, resulting in a loss of up to 10,000 jobs (Reuters), add to that the continual decline in housing, where foreclosures remain up and the average price of homes continues to drop. (PBS). With retail and housing slumping, and little to no manufacturing left within the United States, President Obama is asking for yet another increase in the debt ceiling to the tune of 1. 2 Trillion dollars. (Reuters)

The never ending spending that is emanating from the Congress can be found in a rather interesting report issued by Senator Tim Coburn, which(R-OK) (Full PDF Here) details wasteful spending while the economy continues to tank. Items included in the report are

• $75,000 to promote awareness about the role Michigan plays in producing Christmas trees & poinsettias.
• $15.3 million for one of the infamous Bridges to Nowhere in Alaska.
• $113,227 for video game preservation center in New York.
• $550,000 for a documentary about how rock music contributed to the collapse of the Soviet Union.
• $48,700 for 2nd annual Hawaii Chocolate Festival, to promote Hawaii’s chocolate industry.
• $350,000 to support an International Art Exhibition in Venice, Italy.
• $10 million for a remake of “Sesame Street” for Pakistan.
• $35 million allocated for political party conventions in 2012.
• $765,828 to subsidize “pancakes for yuppies” in the nation’s capital.
• $764,825 to study how college students use mobile devices for social networking.


$764,825 to study how college students use mobile devices for social networking – seriously – this during a time where most people, from the lower to middle class are bypassing steak in the hopes of being able to afford hamburger at the grocery store, and with the state and federal taxes on everything from gasoline to pet food to garbage bags, to fees on phone lines, including cells, and every utility under the sun, one would think those who still have a job, and are “taxed enough already”, would anticipate that the government, would, at the least, use their tax payers dollars wisely.

Not so much.

What is needed is a leader who would have the ability to stand up to the status quo (as in Harry Reid) and lead the nation back to not just a recovery but an increase in prosperity that is available to every single American. There will never be another Ronald Reagan, but that said, we need someone who has the ability to work with both parties, who has a record of doing so, no matter if they anger both sides, and who will take their case to the public if neither side wants to play nice in the wasteful sandlot that is Washington DC. There are candidates that fit the bill, at least two, and as 2012 plays out in the caucus and in Washington that a leader emerges from the ashes of the GOP nominating process or President Obama, to put it bluntly, stands up to Harry and the Democrats and gets the Senate under control – the last thing this nation needs is another useless committee, but a decisive leader who would tell those idiots that the people hire: “No, you cannot have $780,000 plus to study social networking use by college students – you do that and It will be breaking news in 10 seconds”. It is a time for the nation to take a step backwards, to re-introduce welfare reform, to take a second look at proposals that would put the nation back to work, including cutting corporate taxes in order to bring manufactures back to the U.S., and if that means throwing the unions, the Democrats, the Republicans or the lobbyists and or corporate campaign contributors under the bus, so be it. How much longer do the American people need to suffer in the name of ideology and partisan politics?

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