Source:
http://www.huffingtonpost.com/2013/10/03/america-one-photo_n_4039793.html
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- Government Shutdown (eloves2run.wordpress.com)
Tag: US economy
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US Shutdown In Photos
US Shutdown 
US Past Shut downs 
Effect US Shut downs 
Gallery Closed. 
Spin off of US Shutdown 
Cemetery Closed. 
President Barack Obama U.S. President Barack Obama delivers remarks about the launch of the Affordable Care Act’s health insurance marketplaces and the first federal government shutdown in 17 years as he’s joined by U.S. Health and Human Services Secretary Kathleen Sebelius (R) and Americans who will benefit from the Affordable Care Act in the Rose Garden of the White House October 1, 2013 in Washington, D.C. (Photo by Win McNamee/Getty Images) 
MLK Jr. Monument A U.S. Park Service worker hammers a iron stake into the ground to install a fence around the Martin Luther King Monument in Washington, D.C., October 1, 2013, as the first U.S. Federal government shutdown since 1995 begins. (PAUL J. RICHARDS/AFP/Getty Images) 
Capitol Protesters A protester covers his mouth with a dollar bill as he joins others in a demonstration in front of the U.S. Capitol in Washington, D.C. on October 1, 2013 urging congress to pass the budget bill. (JEWEL SAMAD/AFP/Getty Images) 
Barack Obama President Barack Obama pauses while speaking in the Rose Garden of the White House in Washington, Tuesday, Oct. 1, 2013, about the government shutdown. Congress plunged the nation into a partial government shutdown Tuesday as a protracted dispute over Obama’s signature health care law reached a boiling point, forcing some 800,000 federal workers off the job. (AP Photo/ Evan Vucci) 
Protesters for federal workers idled by the government shutdown gather outside the San Antonio office of U.S. Sen. Ted Cruz, R-Texas, Thursday, Oct. 3, 2013, in San Antonio. (AP Photo/Eric Gay) 
Statue Of Liberty Tourists take photos of the Statue of Liberty while riding a tour boat in New York Harbor, Thursday, Oct. 3, 2013. The statue is administered by the National Park Service and is closed as a result of the government shutdown. (AP Photo/Mark Lennihan) -
Palin: Obama administration selling out US allies, willing to surrender superpower status.Really?
sarah Palin 
US ceased to be a super power after contributing to World War II.After that that status has been the in the mindset of US politicians and spooks who saw an enemy in every corner;took measures based on the above assumption that US is an international cop and such misadventures depleted US economy and nowhere has US been successful , be it Vietnam of yore and Pakistan/Afghanistan of late.
Instead of trying to run the country’s economy and governing the state , successive Presidents, barring JFK, landed US in further quagmire by intervening in in the assumed allied Allies’ internal affairs ,which they hated and achieved nothing in the process , be it economic prosperity or imagined ‘leverage’ over such countries ; in return, the Balance sheet is avoidable loss of precious American lives and Billions of US tax payers money.Tell me , which so called Allies have helped US in times of need?
As for Israel, Obama is doing what is morally Right and slowly building up good will for the US that US is well meaning and helps those indeed with out ideological tags. This , you should , as know non American countries welcome.They feel now US can be trusted rather than feared.What more a does Nation want?
What do you want to do with Russia?-it is down and out.China ,you have to live with the necessary evil,you need their markets for the welfare of your economy.
As for terrorism goes ,even the present steps of interfering in Pakistan Iraq and Afghanistan shall yield Vietnam results, nothing more.
Let US govern itself
World will take care of it.
World was here before US came into being and shall be despite US.
Set your economy aright by living within means, stop out sourcing, create more employment and desist printing US instruments and paper money with out adequate Gold reserves,stop using plastic money, shore up your inland security.
This is the route to salvation.
Making impassioned speech is one thing running the country is another.STORY:
NORFOLK, Va. – Sarah Palin on Sunday painted President Barack Obama’s administration as a cowering giant intent on surrendering the nation’s mantle as a superpower and willing to sell out its allies.
The former John McCain running mate addressed a paying audience of several hundred people in Norfolk and accused Obama of selling out ally Israel in over its naval blockade of Gaza and treating Israeli Prime Minister Benjamin Netanyahu shabbily.
On May 31, Israeli naval commandos killed nine pro-Palestinian activists in clashes aboard a Turkish ship headed for Gaza, setting off a world outcry and forcing Israel to ease its three-year-old blockade.
She also said Obama lacked the resolve to stand up to Russia and China.
“Do they think, really, that we’re getting anything in return for all this bowing and kowtowing and apologizing? No, we don’t get anything positive in return for this,” Palin said at the event spearheaded by a Norfolk talk radio station.
“So while President Obama is getting pushed around by the likes of Russia and China, our allies are left to wonder about the value of an alliance with our country any more. They’re asking what is it worth,” she said.
http://www.pentictonherald.ca/stories_world.php?id=275939 -
US Economy-Portrayed ina lighter vein,unfortunately accurate.
It is the month of June, on the shores of the Black Sea .
It is raining, and the little town looks totally deserted. It is tough
times, everybody is in debt, and everybody lives on credit.
Suddenly, a rich tourist comes to town.
He enters the only hotel, lays a 100 Euro note on the reception counter,
and goes to inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 Euro note and runs to pay his debt to
the butcher.
The Butcher takes the 100 Euro note, and runs to pay his debt to the pig
grower.
The pig grower takes the 100 Euro note, and runs to pay his debt to the
supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 Euro note and runs to pay his
debt to the town prostitute that in these hard times, gave her services
on credit.
The hooker runs to the hotel, and pays off her debt with the 100 Euro
note to the hotel proprietor to pay for the rooms that she rented when
she brought her clients there.
The hotel proprietor then lays the 100 Euro note back on the counter so
that the rich tourist will not suspect anything.
At that moment, the rich tourist comes down after inspecting the rooms,
and takes his 100 Euro note, after saying that he did not like any of the
rooms, and leaves town.
No one earned anything. However, the whole town is now without debt, and
looks to the future with a lot of optimism.
And that, ladies and gentlemen, is how the United States Government is
doing business today. -
Goldman Sachs-this is where the dole out goes.Goldman CEO ‘settles’ for a $9 million bonus .
To say the least ,this is obscene.
Story:
The price tag for Goldman Sachs CEO Lloyd Blankfein getting some peace of mind: nearly $60 million — and the distinction of being paid less than JPMorgan Chase’s Jamie Dimon.Despite guiding Goldman Sachs through its most profitable year ever, Blankfein will get a bonus of just $9 million, all of it in stock and a far cry from the $68 million he bagged in 2007, which at the time was Goldman’s best year ever.
http://www.nypost.com/p/news/business/pauper_payout_C0dESz1keGxvzbq3sgRMSI#ixzz0emX5rqW2
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Obama 2010 budget projects new record for deficit
To have 10% of GDP as Deficit and that too when you measure it against growth rate of 5.7%, the trend is not encouraging.However the decision to invest in Education and Research will yield long term benefits.
The basic issue to be addressed to i.e.cut down conspicuous consumption and stimulating growth , is missing.Unless this is done along with less spending on peripheral products rather than infrastructural projects, the US Economy shall continue to tatter.To sustain growth in Employment, small businesses need to be given incentives, while easing credit policies on them along with reduction in Imports of products and services.Story:
Dubbed an old-style liberal tax-and-spender by his Republican opponents, Obama is under pressure to convince investors and big creditors like China that he has a credible plan to control the country’s deficit and debt over time.
While maintaining policies this year aimed at protecting a still-fragile economic recovery, in common with other major industrial nations, Obama will save money by curbing 120 federal projects, including a powerfully symbolic mission to return to the moon, but invest more in education and research.
Polls show voters are worried by the weak condition of U.S. finances, and Obama plans to create a bipartisan fiscal commission to figure out future options on taxes and spending.
Obama’s budget for the fiscal year to September 30, 2011, which must be approved by the U.S. Congress, forecasts a deficit of $1.56 trillion in 2010, equal to 10.6 percent of the economy measured by gross domestic product (GDP).
The figures were given to reporters in a preview of the budget, which is due for release at 10:00 a.m. EST. Obama is scheduled to discuss it at 10:45 a.m.
This latest rise was partly due to spending linked to a package of emergency stimulus measures Obama signed last year.
The increase in the deficit compared with a $1.41 trillion shortfall in 2009 that amounted to 9.9 percent of GDP. But this funding gap was forecast to dip to $1.27 trillion in 2001, or 8.3 percent of GDP, and fall to roughly half that as a share of the economy in the final year of Obama’s term in 2012, meeting a key pledge.
NO CAP-AND-TRADE REVENUE SEEN
The budget incorporates healthcare legislation before lawmakers. But an administration official told Reuters $646 billion in projected revenue from a controversial cap-and-trade climate change bill had been dropped from the budget, implying the White House is doubtful the measures will pass Congress.
“To continue job creation and to continue economic growth over time, it is important to bring those out-year deficits down,” White House budget chief Peter Orszag told reporters.
U.S. growth jumped by 5.7 percent at an annual pace in the fourth quarter, but this has yet to translate into greater hiring, and unemployment of 10 percent is near a 26-year high.
http://www.reuters.com/article/idUSTRE60U00220100201?feedType=nl&feedName=usmorningdigest
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