Bankster Layoffs Hint End Is Near

From here:

Remember when George W. Bush damaged his presidency and legacy by arrogantly proclaiming “mission accomplished” on an aircraft carrier as he announced the end of our wars in Iraq and Afghanistan? He looked foolish when thousands more American soldiers came home in body bags and tens of thousands more were badly injured.

The reality Bush didn’t understand was that this was only the beginning of a guerrilla war using terrorist tactics. The biased liberal media, of course, never let the American public forget Bush’s mistake. They called him dumb and arrogant.

The question now is what do you call someone stupid enough to repeat the same mistake as his predecessor? You call him Barack Obama.

In his State of the Union address, a smug, arrogant Obama just declared “mission accomplished” on multiple fronts. He gloated that the economy is booming and the “fact” that he has defeated ISIS. Obama told Americans the recession is over, that it’s time to move on. He said it’s old news and it’s time to ignore any mention of hard times.

Really? If Bush was dumb and arrogant for announcing “mission accomplished,” what does that make Obama for repeating the same mistake? Is there a word for stupid squared?

It’s clear ISIS isn’t defeated. If anything, ISIS is getting stronger every day. The terrorists are laughing in our face as they behead more hostages, capture more territory and actually publicly threaten the president of the United States.

And the economy? Within days of Obama’s State of the Union “mission accomplished” speech, bad economic news came in droves. Obama’s policies and never ending new regulations are not helping the economy; they are destroying it.

Only days after Obama’s speech, it was disclosed that 50,000 bank employees were laid off in December (only days before the speech). Yes, I said 50,000 in one month.

But Wall Street wasn’t alone. EBay announced massive layoffs only days after Obama’s State of the Union — about 7 percent of its workforce.

American Express just laid off 4,000 employees (about 6 percent of its workforce).

Baker Hughes announced layoffs of 7,000 (about 11 percent of its workforce) the same week.

Energy and oil companies announced the layoffs of thousands and predicted 20,000 more could lose their jobs in one North Dakota town by summer.

Forbes is reporting that IBM will soon announce layoffs of 100,000 employees (25 percent of its workforce), although IBM denies that number.

Teen clothing retailer Wet Seal just declared bankruptcy and closed 338 stores.

Retailers like Macy’s and J.C. Penny are closing stores and laying off thousands of employees. Retailers are closing thousands of stores after a poor Christmas shopping season and laying off hundreds of thousands of employees. A poor Christmas shopping season? Funny, but that doesn’t sound like Obama “saved” the economy, does it?

Durable goods orders in America have literally collapsed.

Earlier this week, the stock market plunged 500 points on news of disastrous earnings reports from major companies across the U.S. Not only are companies reporting terrible fourth-quarter results, but they are severely downgrading their 2015 sales and profits predictions.

More terrible news. The entire EU is on the verge of collapse. It just happens to be America’s No. 1 trading partner.

Recovery? For the first time in history, a majority of public school students in America live in poverty.

For the first time in history, more businesses are failing each day than opening.

For the first time in history, there are more people on welfare, food stamps and other handouts than working in the private sector.

Americans on disability are up by 50 percent.

Food stamp use topped 46 million for the 38th straight month.

We have the lowest workforce participation rate in modern history.

Almost 100 million working-age Americans aren’t working. 

And 107 million Americans are on some form of welfare. Is it a coincidence that about the same number are unemployed as collecting welfare?

And all of this “success” and “saving” of the economy was achieved by adding $8 trillion to the national debt in only six years. Obama has exploded the debt by an unimaginable 70 percent.

The Director of the CBO just called the debt “unsustainable” and predicts we are the verge of fiscal crisis.

Not surprisingly, economist Robert Johnson reports the wealthiest hedge fund managers and other assorted Wall Street bankers and billionaires fear instability, unrest and riots and are busy buying farms in New Zealand to escape the violence to come.

Oh, and even if you believe the lie that the economy is doing wonderful, it’s all at the expense of our future. Interest rates are at zero. Raise them even a few points and just the interest on our skyrocketing debt will eat up the entire U.S. budget. Now add in the cost of Obamacare (just revealed at $50,000 per person over the next decade), and all the taxes in the world won’t pay for the interest on the debt. Our economy will be overwhelmed. Like Humpty Dumpty, no one will ever be able to pick up the pieces again.

The Great Recession isn’t over. We may actually be in the eye of an economic hurricane. Remember, it’s calm and quiet in the eye of a hurricane. It seems like the worst is over. But the worst is yet to come — it’s on the other side of the eye.

The stats above make it clear there is no recovery. Obama didn’t “save” the economy. He simply lied… again. He just made it up. Obama is proof of the saying “Liars make the best promises.”

So now you can add to the list of the great lies of all time:

  • “Mission accomplished.”
  • “If you like your insurance, you can keep it.”
  • “The shadow of the crisis has passed… Tonight we turn the page…”

Those words are a testament to the arrogance and stupidity of Obama. Get ready for the second more deadly half of the hurricane.

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