Maybe Obama’s economic “chickens” have come home to roost !

Supply and demand rules not individual countries nor companies!

The proposed system isn’t perfect but it is probably better that the mess the FED has made of the current system.

This is not as far fetched as you would think! At some point in the near future no one will lend the Federal government any more money. In 8 full years Bush added 4.9 Trillion to the debt. In 5 years and 8 months Obama added 7.2 Trillion to the national debt. On January 2001 the national debt was only 54.3% of the GDP today it is over 100% and climbing — we have been living on borrowed money since 9/11 and at some point those that have lent the money will want to be paid back!

The following re-post shows the facts and figures of what is happening in our counter as Obama and his appointed minions “Fundamentally Transform” the country into their vision of what it should be. The next result of 6 years of this has been to shift large percentages of the middle class out of the work force and its worse than what is presented here as the BLS reports do not count self employed or military jobs both of which tend to the higher side in the middle class.

The bottom line is that there are fewer and fewer jobs in the middle class which as this post suggests those people have either gone on welfare or taken early retirement. That means that few and fewer “workers” that pay taxes are going to be forced to take care of more and more people that are not working.Using BLS figures, as of last month, only 46.0% of the population of the united states was holding a job. 6 years ago that was 48.5% of the population which means that we are short at least 8.0 million jobs right now.

Obama’s Unemployment Rate Is 5.9% ~ But 5.9% Of What?: 29% Of U.S. Labor Population Out Of Work And Out Of Labor Force!.

As most any competent economist will tell you minimum wages do nothing for the beginning or low end workers. If yo raise the $8 worker to $15 then all those between $8 and $15 will demand increases and those from $15 to where every (especially with union contracts) will also what a raise. The bottom line is within a few years the purchasing power of $15 will be the same as it was before at $8 so there is no gain. Also with cheaper and cheaper tech the cost benefit from automation gets better and better The current order takers only push buttons and make change. Flip the terminals around and let the customers enter there own orders. How many stores today have self checkout lanes so the concept is not new and at some pay level that is what will happen.