Sad day for Americans...

Discussion in 'Chit Chat' started by PohPoh, Sep 8, 2008.

  1. Sigh...

    Today, my fellow Americans, our government decided to increase the national debt, debt that our children and grandchildren will be forced to pay back, by more than 100%...

    Make no mistake - this is unprecedented in the history of this country, and in the history of economics. Never has a government bailout been this large, this widespread, and the consequences of which will be so utterly damning as to confuse and frustrate even the most ardent scholars of the future.

    I'm angry. I'm pissed. And it's not because of trading (in fact, I have traded this well)'s because even ME, a reasonably intelligent professional, KNOWS that this is the wrong thing to do..

    Jane and Joe Smith who foreclosing?
    Billy Stockholder?
    Foreign entity X holding FRE/FME corp bonds?


    Damn this socialization of losses.
    Damn the inflation.
    Damn the lies.
  2. well, they did give something for the average American taxpayer today

    550,000 more guest workers dumped on the job market

    From: Roy Beck, President, NumbersUSA
    Date: Sunday 8SEP08 8:45 p.m. EDT

    US House reacts to 5-year unemployment high with vote this week for 550,000 more foreign workers


    No sooner had the Labor Day speeches extolling American workers ceased than the leaders of the U.S. House of Representatives decided to bring up a bill this week to inflict 550,000 stab wounds onto those American workers.

    That's right: A week after we hear that official unemployment is at a 5-year high, House leaders are going to try to move a bill to offer 550,000 MORE permanent greencards, above the 1 million immigrants already planned!

    This is a red-alert crisis.

    That means you and everybody you know needs to read about the emergency and look over the opportunities for action at:

    I am going to tell you a few things in this alert but urge you to read the full situation in my blog on the NumbersUSA home page:

    Please feel free to write your comments and communicate with other readers at the bottom of the blog.

    And please place links to the blog on every chat room, blog or newspaper where you usually leave comments.

    The only way we are going to beat all the cheap-labor-industry lobbyists and the congressional establishment on this is with truly massive response.

    Those of you with Representatives on the House Judiciary Committee (and a few more of you with other special situations) will find faxes to send on your Action Buffet corkboard. Many others of you will find phone notes.

    If you don't find a note for action to take, just call up the Capitol Switchboard at 202-224-3121 and call your Representative to see if he/she is aware of the insanity being considered over in the Judiciary Committee.


    By Roy Beck

    Here's another entry in the contest to find out whether many politicians are just stupid or are cynically evil:

    THE CRISIS: The feds announced last week that our official unemployment rate has soared to 6.1%, the highest since September 2003.

    THE CONGRESSIONAL RESPONSE: But this week, we get to see what ACTIONS the politicians plan for us. First out of the blocks, the Democratic Leadership of the U.S. House of Representatives is responding this week by trying to shove through a bill -- H.R. 5882 -- which would provide about 550,000 permanent green cards to foreign workers next year. And those would be ABOVE the 1 million permanent green cards already planned!

    (Read rest of this section in the blog.)


    Let's take a quick look at the employment statistics that don't seem to matter to Members of Congress who are pushing H.R. 5882:

    The official unemployment rate soared 0.4 percentage point to 6.1%, the highest since September 2003. The unemployment rate was under 5% as recently as February.

    342,000 jobs were simply eliminated throughout the economy last month.

    And the number of people officially looking for work and unable to find it rose by 592,000.

    (Read rest of this section in the blog.)


    There are so many Members of Congress who work primarily for the interests of the cheap-labor lobbyists, it is difficult to single out just one to be the face of all that is idiotic, cynical and callous about our immigration policies.

    But Rep. Zoe Lofgren (D-Calif.) gets to be that face this week. She is chair of the House immigration subcommittee. She long has served on that committee, doing the bidding of the corporations in her Silicon Valley District.

    But her decision to move H.R. 5882 through the Judiciary Committee is not just about getting more higher skilled foreign workers instead of hiring American tech workers.

    No, this time she's bringing in foreign workers to take nearly every kind of job in America. The only criteria really is that you have a couple of years experience in the type of job you would be taking from an American worker. These 550,000 extra greencards would be for engineers, health workers, construction workers, service workers, manufacturing workers -- well, they would go to foreign workers who do all the kinds of jobs that have been disappearing!

    (Read rest of this section in the blog.)


    Rep. Lofgren and other pushers of H.R. 5882 think they have come up with a really clever way to get around the general public opposition to immigration increases.

    Their gimmick is "Recapturing Unused Employer-Sponsored Visas."

    (Read rest of this section in the blog.)

    Every Member of the House Judiciary Committee should be phoned and told that 592,000 additional Americans were thrown onto the official unemployment rolls last month (and that doesn't count the millions already unemployed), and that the 550,000 jobs that H.R. 5882 would give to foreign workers ought to go to the unemployed Americans.

    And please don't let the congressional staff tell you that these foreign workers are needed because unemployed Americans are looking for different kinds of jobs.

    These 550,000 greencards would go to virtually every kind of foreign worker. And virtually every kind of American worker is losing jobs right now.
  3. If the USA sucks so bad, why not renounce your citizenship and move to another country?

    I don't buy all this 'I am so angry' BS until you whiners start packing up your sh**, change all your USD into EUR/CHF and setup shop offshore.
  4. This is nothing new, and it is sure as hell is not the first time our taxes were redirected toward someplace we don't like. There is not one damned thing you can do about it, so you are wasting your time worrying about it. Trade.

  5. 4487 posts since 2006?

    ever consider getting a life?
  6. This story was told 15 years ago when some of us saw NAFTA coming and warned America about it. The sheeple just went along with their elected leaders, and I expect the next 15 years to be no different. America has had its best day. Hope you enjoyed it. Make money, save it for the long haul, for the market opportunities of present will not always be here.
  7. So much for a "free country".

    It's becoming so socialist day by day, that's it's probably less free than Russia!
  8. I voted Perot in 92 because of NAFTA/Looming globalism

    Not because I thought he was perfect, but because he discussed this issue honestly
  9. This is a sad day for Americans only because it brings out the worst whiners once again, whining and bitching how terrible everything is.

    Don't like it in the US? LEAVE and STFU!
  10. A lot of people have and others are doing just that!

    (Still the best market to trade, though.)

    #10     Sep 8, 2008