AmusingComments Off on The Economy: Bailouts and Bull with John Stossel
Mar192009
John Stossel is one of the few reporters who are not afraid to tell the truth. In this clip he explains that the current recession is being made worse, by the Democrats in Washington. They’re telling Americans that things are desperate, and that the only solution is more Government. The reality is that the Economy isn’t as bad as they claim, and if left alone, would run it’s course and start recovering much sooner than it would by throwing more money into failing companies.
John Stossel discusses how government spends/waste taxpayer money and the consequence of intervention in the economy.
AmusingComments Off on Largest in U.S. History: National Debt Hits $11 Trillion
Mar182009
This happened on Hussien’s watch and all in less than two months after he was elected. He is systematically destroying this country at a rapid pace. Can you say Jimmy Carter on speed?
The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history.
The new Treasury Department figures on the national debt were released as the non-partisan Congressional Budget Office is expected to project that the annual budget deficit will be higher than previously estimated by the White House’s Office of Management and Budget. The debt, which refers to the cumulative amount of money the government owes, hit $10.9 trillion on Friday.
AmusingComments Off on What Does One Trillion Dollars Look Like?
Mar142009
What does one TRILLION dollars look like?
All this talk about “stimulus packages” and “bailouts”…
A billion dollars…
A hundred billion dollars…
Eight hundred billion dollars…
One TRILLION dollars…
What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I’d take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like.
We’ll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go.
A packet of one hundred $100 bills is less than 1/2″ thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.
Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.
While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet…
And $1 BILLION dollars… now we’re really getting somewhere…
Next we’ll look at ONE TRILLION dollars. This is that number we’ve been hearing about so much. What is a trillion dollars? Well, it’s a million million. It’s a thousand billion. It’s a one followed by 12 zeros.
You ready for this?
It’s pretty surprising.
Go ahead…
Scroll down…
Ladies and gentlemen… I give you $1 trillion dollars…
(And notice those pallets are double stacked.)
So the next time you hear someone toss around the phrase “trillion dollars”… that’s what they’re talking about.
(step by step calculations & dimensions are here for those who may be interested)
AmusingComments Off on ‘Hoarding’ of Ammunition Since Obama Election Created Shortage
Mar142009
It is good to see that “The Messiah” is stimulating at least one sector of the economy. I imagine there’s also been a run on canned goods, bottled water, first aid kits and duct tape.
Pitchforks, torches, tar and feathers are on my shopping list!
Four months after the election of President Barack Obama, firearms and ammunition sales in Tulsa remain at a fever pitch.
Popular self-protection ammunition is often sold out at local stores, weapons are flying off shelves and the state reports an 87 percent increase in concealed carry permit applications for February 2009 over February 2008.
“People are hoarding. They’re creating a shortage,” Jim Prall at Sports World on 41st Street said of ammunition sales. “We’ve sold more ammunition in the last three months than we sold last year.”
Gun sales spiked in November with the election of Barack Obama and Democrats adding to their majority in Congress. But local gun dealers say the spike is turning into a steady climb with political worries about gun rights as well as worries about the economy and potential for increased crime.
