Categories
NY Analysis

A look back, as a New Year begins

As 2008 drew to a close just six years ago, it would have been difficult for Americans to believe the precipitous drop in the nation’s condition that would occur within the following six years. Within that short span of time, the U.S. economy, its national security, and relations between citizens would deteriorate at a worrisome and unexpected rate.

The Economy

In 2008, the national debt was $11, 039,737,790,000, compared to the approximately $18,028, 000,000,000 that will greet the new year.  All that extra spending, including the stimulus spending program, produced no noticeable results.

Despite the presence of an extremely severe recession (much of it due to the bad economics of misguided subprime mortgage legislation that began under the Carter Administration and was expanded during the Clinton presidency) there was little doubt that the nation would soon recover.

The labor force participation rate was 65.8%, compared to the current 62.8%. While some statistics indicate that the unemployment rate has improved, the reality is far different. As noted in Forbes,   “Despite the significant decrease in the official U.S. Bureau of Labor Statistics (BLS) unemployment rate, the real unemployment rate is over double that at 12.6%. This number reflects the government’s “U-6” report, which accounts for the full unemployment picture including those ‘marginally attached to the labor force,’ plus those ‘employed part time for economic reasons.”

According to the Bureau of Labor Statistics, The number of long-term unemployed (those jobless for 27 weeks or more) stands at 2.8 million accounting for an extremely troublesome 30.7 percent of the unemployed. The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), stands at 6.9 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.

 

Furthering the distress of many Americans, the Center for Immigration Studies,  reports that all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).

 National Defense

In 2008, America was unquestionably the world’s supreme military power. Today, following substantial cuts to the defense budget, the unilateral withdrawal of American tanks from Europe, the financial inability of the Navy to sustain an adequate carrier fleet, the dismissal of large numbers of vitally needed military personnel, the alienation of key allies such as the United Kingdom, Poland, Israel and others, the lack of modernization for nuclear weapons, and the decision to not proceed with an adequate missile defense program, the U.S. is seen as a declining force in the world.

Washington’s increasingly obsolete nuclear deterrent is a major concern. Alone among the world’s nuclear powers, the U.S. has not updated its aged atomic weapons. Along with the “New START” nuclear arms treaty, the rise of China as a major nuclear power, and the growing threat from North Korea, this has essentially ended American nuclear superiority.
Here, we are basically generic cialis buy talking about men and so the disorder and its cure is for men. People feel shame to disclose this problem in order cialis from canada front of anyone. Well, the problem is easily treatable with some useful and constructive medicines named anti-impotent drugs. cialis on line purchasing that The available products work as buy cheap cialis unica-web.com for females and increases sexual sensation, speed ups female arousal, improves lubrication and strengthens orgasms.
In addition to harmful strategic implications, New START allowed Moscow to maintain a vast advantage in tactical nuclear weapons, which it has deployed along its European border on board its new Iskander short range nuclear weapons. NATO has no equivalent weapons in place.

New START was part of the failed “reset” with Russia.  As the U.S. cut defense spending and reduced its leadership role in international affairs, Moscow dramatically strengthened its armed forces, returned to cold war bases, sold nuclear technology to Iran, moved nuclear weapons to its European border, enhanced military ties with Latin America, invaded the Ukraine, and engaged in joint war games with China aimed at the U.S.

North Korea’s army will be larger than its American counterpart by the end of 2015 if scheduled cuts occur.  China’s navy, combined with its potent land-based anti-naval missile force, will soon displace the U.S. as the predominate sea power in East Asia. Russia has spent vast sums modernizing both its nuclear and conventional forces. Moscow has resumed cold war era nuclear patrols around both the continental U.S. as well as our bases overseas.

In 2008, Iraq was slowly, unsteadily, but certainly returning to democracy. Today, ISIS, due to the premature withdrawal of American forces, now ravages that land, committing atrocities on a terrible scale.

Six years ago, terrorism, while continuing to fester, was not ascendant. Today, terrorist forces control more geography than ever in the Middle East, the Taliban is poised to gain substantial power in Afghanistan, and al Qaeda is growing exponentially in Africa. Further, Iran’s Hezbollah, along with Russia and China, has made significant inroads with several South American governments.  Iran itself is poised to become a nuclear power.

The Final Frontier, Lost?

America’s space shuttle program was the envy of the world, and the U.S. had bold, concrete plans to explore and exploit the final frontier.  Obama allowed the Shuttle program to die and scrubbed its immediate replacement, the Constellation program.  Today, NASA can’t even put a man in space, is dependent on Russia to access the space station that was constructed by the space shuttle, and its plans for the future, are, bluntly, unfunded rhetoric, despite the ongoing development of the Orion space capsule, which itself is essentially only a modernized version of the 1960-era Apollo craft.

Racial Tensions

The most unforeseen, and indeed, unforeseeable decline in America’s condition was in the area of race relations.  The election of the first black president was envisioned as an epic turning of the page, a major step that precipitated a new era of harmonious relations between the races in America. Unfortunately, that was not to be.

Rather than engage his historic role to finally bring closure to the history of racial animosity, President Obama, along with his Attorney General Eric Holder employed racial tensions to motivate their base core of supporters for political goals. The result has been a dramatic resurgence of tensions.

Categories
Quick Analysis

U.S. economy not adequately recovering

There are a number of key indicators revealing that the U.S. economy continues to languish, and will continue to do so in the new year, despite attempts to portray it as improving.

1.Employment remains in a crisis state.

The Century Fund  outlines three reasons why the job market is actually worse than federal statistics indicate:

“The ratio of workers to non-workers is nearing an all-time low. Part of the drop in headline unemployment numbers is explained by the fact that many have just given up on looking for work entirely…

“The share of long-term unemployed is up. People who are out of work for more than twenty-six weeks can sometimes end up permanently unemployable…

“Many who are working are underemployed. The unemployment rate is silent on those who have part-time jobs but would prefer full-time jobs…

According to Economic Outlook 2015,  “Wages remain stagnant. Even those who do have jobs are facing flat or even declining wages.” “For those who have jobs, they’re making less than they did before the Great Recession. Wages for workers at every pay level, save for the bottom 10%, declined from the second half of 2013 through to the second half of 2014. And there’s no indication wages will increase….For 70% of the workforce, inflation-adjusted hourly wages are still lower than they were in 2007. Over the same period, inflation (CPI) has risen 15%.”
get cialis without prescriptions If you take a look at the various erectile dysfunction remedies. Almost all of these areas of industry order cialis online depend on uninterruptible power supply systems to be able to function properly. There are a lot of types of this Kamagra like oral canadian pharmacy for viagra jelly, chewing gum type, polo ring type etc. purchase viagra uk http://respitecaresa.org/about-respite-care/najim-w-capation/ Psychological Issues in Older men Leading to ED As the age progresses; hence, the incidence is high in elders.

  1. The U.S. Balance of Trade remains weak.

America’s balance of trade picture is far from favorable. According to the U.S. Bureau of Economic Analysis, the latest export numbers show that September exports of $195.6 billion and imports of $238.6 billion resulted in a goods and services deficit of $43.0 billion, up from $40.0 billion in August. September exports were $3.0 billion less than August exports of $198.6 billion. September imports were $0.1 billion more than August imports of $238.6 billion.

  1. There are too few First Time Home buyers

Another key component of economic recovery, first time home buyers, remains weak, accounting for  only 33% of purchases, down from last year’s 38%, according to the National Association of Realtors.   First time buyers spark the economy with an entire range of purchases, from electronics to furniture, various services, and more.

  1. The student loan bubble lurks.

As reported by USAtoday, “Total student loan debt was $240 billion in 2003, but has nearly quintupled to $1.2 trillion today. This affects students and non-students alike, as new graduates’ purchasing power is sapped by their student loan repayments.”

Categories
Quick Analysis

U.S. GDP hits recession level

The economic news from the latest report by the U.S. Bureau of Economic Analysis  (BEA)   is extremely worrisome.

America’s Real Gross Domestic Product—the yardstick by which the health of the economy is measured—decreased at an annual rate of 1% in the first quarter of 2014, despite increased  federal government civilian expenditures and gross investment.

At the same time, inflation increased 1.3%, and that doesn’t even include increased food and energy prices, the two greatest concerns of most Americans.

In an additional troubling note for the faltering U.S. economy, the downturn primarily reflected a decrease in exports, and a larger decrease in private inventory investment.

However, it can be difficult to find the best online brand W.H.O and FDA approved medication at competitive prices. cheap viagra from usa http://raindogscine.com/?attachment_id=48 This component cialis discounts makes sure that the medicine works properly by giving away enough blood to the organs. Stringent regulations are the main reason for low drug viagra canada cost prices. Buy kamagra buying generic cialis online UK is not enough to start a treatment. At the same time, the federal government spent more of your tax dollars, but not on defense. Social security recipients saw some of the smallest cost of living increases on record, and military families were essentially shortchanged.  Food stamp expenditures, however, increased 41% during the Obama Administration.

Real exports of goods and services decreased 6.0 percent in the first quarter.  Real imports of goods and services increased 0.7 percent.

Real federal government consumption expenditures and gross investment increased 0.7% percent in the first quarter but national defense decreased 2.4 percent.  Nondefense spending increased 5.9 percent.

All this means that the entire economic framework of the Obama Administration’s economic policy —increased federal spending, more regulation, more funds committed to big government programs other than defense, has failed.