You
know me… when I see something that is just totally a lie going around the
internet I am going to try to correct it as much as possible. I get tired of
propaganda! I am not affiliated with any political party but I do tend more
toward the standard conservative hoping for the best candidate to regardless.
But, I do get tired of reading “BS” like the picture below.
Former
president George W Bush’s term was from 2001-2009. Obama officially took office
in January 2009.
Let
us start with the countries “Credit rating.” “By December 2008, structured
finance securities accounted for over $11 trillion worth of outstanding U.S. bond
market debt (35%). “The lion’s share of these securities was highly rated by
rating agencies. More than half of the structured finance securities rated by
Moody’s carried an AAA rating—the highest possible credit rating. In 2007 and 2008,
the credit worthiness of structured finance securities deteriorated dramatically;
36,346 tranches rated by Moody’s were downgraded. Nearly one-third of
downgraded tranches bore the AAA rating.”[1]
These securities are the Wall Street
investments only not the Federal Government—just paper. Oh wait we stopped
banking on the “gold reserves” and started banking on toilet paper during the
Nixon Administration. These financial securities hinges like the rest of the
world’s ability to invest in each other.
We
cannot put a credit rating on any National Government because it is much more
complicated than the credit rating of an individual. Countries do not have
government credit ratings of A, AA, AAA, etc., which I understand is rating
only for Wall Street investment purposes. Individual ratings are generally A,
B, C, D, and F. We can try to put a number on the US at being an average of 636
which is a “D” but still that does not stop the US from borrowing money from any
country that has it to lend. It also does not stop the majority of the States
either whose credit rating is “D.” [2]
I can be wrong in my understanding on this point because I am not highly
knowledgeable in this area.
In
December of 2008, the unemployment rate was 7.2%. [3]
As of the end of April 2014, the unemployment rate was 6.3%.[4]
These numbers I have trouble with because there are too many questions like: “Are
these numbers strictly the unemployed or those who dropped off the unemployment
compensatory roles?” I have never gotten a definitive answer as to these
numbers and am highly suspect of them period.
The
gasoline comparison is hilarious! In January of 2001, the average price of gas
was $1.55 per gallon. In the summer of 2008, the prices varied and exceeded
$4.25 per gallon.[5] Gasoline
prices are up from last week, closing this week at $3.67 per gallon.[6]
It went up $2.70 during Bush’s
administration and went down $.58 per gallon so far to date. Oh boy!
The
National debt is an age old issue and also somewhat comical. In December of
2001 the national debt was $5,728,739,508,558.96.
As of December 2008 the national debt was $10,699,804,864,612.13. As of
the end of April 2014 the national debt is $17,508,437,127,661.62. This
point I have to say the author of the below picture was correct. Give him/her a
proud two thumbs up for correctness. So what is the point? The national debt
increases every administration. [7] Based on these numbers, it
should be at $20 Trillion by the end of President Obama’s administration.
I just do not feel like looking up the wars, or the number of
weeks of unemployment, and the annual budget is another laughable matter.
The government by law will not run without an annual budget. It
is written into the constitution. Did it change? No it has not. So to state
there is not an annual budget is facetious to all the government employees that
were laid off last year in 2013. Was that a conspiracy theory when they shut
down the government over the budget?
Out of seven of those points, I have shot down 4, agreed with
one, and refuse to comment on two.
When President Obama took office, I voted for him because he
seemed the best choice at the time and the only logical choice the second time
around. I vote on qualifications only. Many people voted on color, which I
could have used that analogy. He is as white as he is black and I am stating
that with tongue in cheek because I am multiracial, multinational; but,
foremost an AMERICAN MUTT. I hope and pray for a president who can perform in a
better manner than the past 20 years of presidents.
Keep in prayer each other.
Lying lips are an abomination to the Lord, but those who act
faithfully are his delight. Proverbs 12:22.
When the Spirit of truth come, he will guide you into all the
truth, for he will not speak on his own authority, but whatever he hears he
will speak, and he will declare to you the things that are to come. John 16:13
God bless you all and keep you safely in his arms.
[1] Acemoglu, Daron,
Kenneth Rogoff, and Michael Woodford. “Credit Rating Crisis.” NBER
Macroeconomics Annual 2009 24.3: 161-207 (accessed 31st May 2014) http://www.nber.org/chapters/c11794
[2] “National
Average Credit Score.” Money-Zion.
2013. (accessed 31st May 2014.) http://www.money-zine.com/financial-planning/debt-consolidation/national-average-credit-score/
[3] “Unemployment in
December 2008.” Bureau of Labor
Statistics. 13th January 2009 (accessed 31st May,
2014) http://www.bls.gov/opub/ted/2009/jan/wk2/art02.htm
[4] “Databases,
Tables, & Calculators by Subject.” Bureau
of Labor Statistics. May, 2014. (accessed 31st May, 2014) http://data.bls.gov/timeseries/LNS14000000
[5] Verrastro, Frank
and J Robinson West. “Stop finger-pointing on gas prices.” CNN. 3rd April 2012. (accessed 31st May 2014)
http://www.cnn.com/2012/04/03/opinion/verrastro-west-gas-prices/
[6] “Average gas
prices.” Consumer Reports. May 2014
(accessed 31st May 2014) http://www.consumerreports.org/cro/2012/11/average-gas-prices/index.htm
[7] “Daily History
of the debts results.” United States Treasury. (accessed 31st May
2014) http://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=01&startYear=2009&endMonth=04&endDay=30&endYear=2014
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