1: The U.S., national debt is $15.2 trillion, debit for citizen is near $ 50,000.
2: The federal government recorded a total budget deficit of $1.3 trillion in fiscal year 2011
3: America spent $1.2 trillion in interest on the debt..
4: On the economic front, 2. million jobs have been lost.
5: More than 2.4 million homes were repossessed for failure to pay mortgages.
6: The jobless rate has been at or above 9 percent .
7: Thirty-seven states have higher unemployment rates.
8: About 50 million Americans are on food stamps.
9: Gas prices are up by more than 80 percent.
10: The United States lost its top AAA credit rating
It is time for President Obama to stop his class warfare rhetoric.
The people he is talking about taxing did not get some windfall for no reason.
Most of these people worked hard, got educated, had great and innovative ideas, took risks, and invested .
At the same time they created jobs and economic growth.
They believed in the American dream and made it happen.
Obama’s “tax the rich” rhetoric is a slap in the face to anyone who is a real American and believes in the American dream.
Obama’s plan is a class warfare. This is not a plan to create jobs and grow the economy, this is a campaign stunt to try to get reelected after a failed first term.
This plan will send more investment and jobs out of the country.
The only thing this plan will accomplish is extending The government’s intrusion into the economy .
President Obama must realize most of his policies are temporary in nature. They will not fix the economy.
What U.S,economy need is a permanent FOUNDATION FOR ECONOMIC GROWTH.
The government must stop the spending that only has a temporary effect, cut taxes, reduce the unsustainable public debt, and eliminate the oppressive regulation.
President Obama also needs to do something about The culture we are breeding in The US which encourages people to depend on the government system to survive.
The problem with Occupy Wall Street movements is most of them voted President Obama into office, and so they can’t complain to him.
OWS spoiled kids, crying that they have no job with their liberal arts degree that left them $200K in debt does not make a movement.
It’s beginning to be comical how the Obama’s administration tries to pump up these small band of anarchists, communists, self-styled revolutionaries and social misfit lawbreakers, pretending they ever could amount to a “grassroots” movement.
The Democrats are straining to compare them to the highly disciplined and directed civil rights movement and masking their utter lack of principles or programs other than a vague commitment to “revolution” for revolutions sake.
Occupy Wall Street movements will soon enough fade away or may erupt in a spasm of violence that will embarrass all those like President Obama who foolishly believes OWS has something to contribute to reforms.
Socialism is a great thing until you run out of other people’s money. The Greece and Russai are the proof that socialism doesn’t work.
Mr. Obama please, stop quoting former Russian Bolshevik's and others communists about anti-capitalism.
We have all read those philosophies years ago on college campuses. Everyone went through that phase.
Then we grew up. Time for you to do the same.
As for the lack of jobs, Congresses and Presidents passed and signed laws making it very easy to ship jobs oversees with union support and more taxes.
So, Occupy Wall Street movements direct your anger at them and go there for your solutions, not some park.
President and CEO