“I had a dream.” It was 2008 and Barack Obama was elected the 44th President of the United States.
Politics / US Politics May 10, 2009 - 02:41 PM GMTBy: Robert_Singer
The world is engulfed in a global economic crisis of staggering ferocity rivaling four other financial meltdowns—which all began in the month of October. [1]
VP Biden and former Fed Chairman Paul Volcker don’t remember any time when things went down quite so fast, quite so uniformly around the world. The current crisis looks more like the collapse of the Soviet Union, on October 18, 1991, when Gorbachev signed an agreement forming a new economic community.
The economic stimulus package that President Barack Obama said was needed to create millions of jobs to pull the economy out of recession and "essential to avoid having the worst economic crisis in a generation turn into a catastrophe" isn’t working according to the April 2009 Jobless rate.
Making matters worse: a government "by and for" the American people may not be prepared for the social dislocation, economic despair and breakdown in law and order that is likely to ensue.
April 2009 AP reports a “de-facto” unemployment rate of 15.8%.
The Associated Press in their article, “Layoffs slow to 539K in April”, AP reports both the official unemployment rate of 8.9% and a newly defined “de-facto” rate of 15.8%.
The article goes on to claim the “total number of unemployed now stands at 13.7 million” but that is based on the official rate of 8.9%.
Had AP used the 15.8% unemployment rate would the total number of unemployed be 24.3 million.
No.
The newly defined “de-facto” unemployment rate must not include all the categories of people who are no longer in the labor force, in other words, the under-employed, the marginally employed, the part time job seekers and those who are discouraged and no longer even looking for work.
Data from The McKinsey Global Institute estimates the de facto unemployment rate in the United States would be 22.5%.
Thus, there are almost 35 million, not 13.7 million, or even 25 million Americans who are no longer working or looking for work, and that figure is before the pending collapse even gathers steam. As a byproduct, the big three automakers have been placed on the road to nowhere thanks to decisions made in 1973 [2].
Since there is not enough police, National Guard or military to keep order when 35 million people panic, Barack Obama will restore order by telling his followers standing in lines that this nation, unlike in the past, will put its hands on "the arc of history and bend it once more toward the hope of a better day."
As a president elected in a landslide by young and old, rich and poor, Democrat and Republican, black, white, Hispanic, Asian, Native American, gay, straight, disabled and not disabled, Obama will lead the nation out of its unsustainable American Dream and into a great new depression.
There will be chaos, perhaps, but not anarchy.
Even with evidence to the contrary, Americans believe government is suppose to take care of them because "it's their job." In an environment of homelessness, poverty and suffering, Americans will forget their 60 years of unprecedented prosperity--at the expense of the Third World and the environment, and as propagated by the CIA--and look for someone to blame.
But they won't find a Bush, Clinton or even a Ronald Reagan in Washington. Instead, sitting in the Oval Office will be Barack Obama, a 21st century Martin Luther King, telling us to return to our homes, cars or tent cities. The newest leader will, in fact, be followed because this time Americans believe their voices were heard. We hope and pray Obama wants to put us back to work, reclaim the American Dream and reaffirm that fundamental truth that, out of the many, we and the president are one.
Barack Obama, an unknown senator four years ago, is not one of "us." He travels in the same circles as other members of the super-secret Skull & Bones society of Yale University who pretend to be running for president every four years. The decision to make Obama Commander in Chief of the collapse was made four years ago; the November election was a formality [3].
To believe otherwise is to ignore the Bradley/Palin effect, the voting machines that flipped ballots before the voter left the booth, and the decision by John McCain to wait until his concession speech to shed the image of a nasty "grumpy old man."
In September, when the Obama campaign seemed to be slumping and their candidate's long-standing lead in the polls had evaporated, the senator's supporters openly worried that a potential victory might be slipping away. Then providence joined the campaign: the failure of the giant investment bank Lehman Brothers followed by a global financial meltdown.
"If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy," on Nov. 4, 2008 you received your answer: It did not matter who you voted for because it was already written: Barack Obama would be the President of the United States by a landslide.
Instead of being the most dangerous man in America, the Candidate for Change and Hope will be the most remarkable leader the world has ever seen--intellectual, oratorical, governmental and a genius who will guide us through the greatest calamity the world has ever seen.
Without Barack Obama, the really inconvenient truth is this: The 600 detention centers built by the Halliburton subsidiary KBR do not have the capacity to hold the 35 million Americans who will be out of work, out of home and out of food.
Will they be out of hope?
[1] October Crashes, Black Monday 10/28/1929, Black Monday 10/18/1987, Soviet Union Black Friday 10/18/1991 and Black Tuesday 10/29/2008
[2] 2008 Debate: "It's the economy, stupid" by Robert Singer
[3] 'Why Joseph Biden will be the Next Vice President of the United States' by Robert Singer
Robert Singer is an Entrepreneur and the author of a forthcoming book on the Federal Reserve. His articles cover politics and the financial and environmental implications of our consumer society. The articles have been main headlined and can be found on numerous popular websites: Marketoracle, Silverseek, Goldseek, Daylife, LAprogressive, Canadafreepress, Opednews, Daily.pk and many of the Wordpress sites. Richard Daughty, The Mogambo Guru, proclaimed him a Junior Mogambo Ranger (JMR)
Dem Bones is Connected To De Debt Bone, an analysis of the Federal Reserve, can be found on many highly rated global financial websites including G. Edward Griffin’s Unfiltered News. Edward Griffin is the author of the definitive work on the Federal Reserve, The Creature from Jekyll Island.
Meat, Milk and Motors: The New China Syndrome, an essay about China first released in February 2009 has been widely posted and read on the Internet. Quotes from the article can be found in The Wall Street Journal Digital Network and the essay was the Top World Story on the Pakistan Daily website for a week.
by Robert Singer
Robert Singer is a retired information technology professional and an environmental activist living in southern California. In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for the personal computing industry.
In September of 2008 he wrote his first commentary for OpEdNews about our consumer society. Since then over 20 articles have been published on Opednews, Marketoracle, Silverseek and many other Internet sites. They cover social, economic and environmental issues facing Americans and the rest of the world in the 21st century.
Many of the articles are also available on his authors page at OpedNews: http://www.opednews.com/author/author20310.html
© 2009 Copyright Robert Singer - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Robert Singer Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
