Friday, June 04, 2010

Obama's Trainwreck Economics, Part 22,556

Lemmeeeseee, heah, Gomer....

The National Debt is over $13Trillion and grows at $4.9Bn/day. Unemployment is setting records and most Census temps are off the payroll as of July 1st. Fannie and Freddie are losing money faster than BP's pipe is losing crude. And Gulf-area fishing and tourism industries are almost dead....

What to do? What to do?

Shut down all the REST of the jobs in the Gulf, of course!

A backlash is building against the Obama administration's offshore drilling moratorium, which some argue worsens the harm to a Gulf Coast economy already losing fishing and tourism business to the oil spill.

Louisiana politicians, including Sen. David Vitter and Governor Bobby Jindal, have sent letters to President Barack Obama urging reconsideration of the May 27 executive order

...The order to idle 33 deepwater rigs could sideline as many as 7,000 highly paid rig workers and cost four to five times as many support jobs at catering, service boat and drilling supply companies, the oil and gas association said.

Not to mention all that "foreign oil" dependency this will cause.

(And for those of you who live in Wisconsin and think that this has minimal impact up here: bzzzzzzzzzzzt. Wrong-o! Check your Thomas Directory. There are lots of Wisconsin manufacturers who actively supply the oil and gas industry in the Gulf.)

Cloward-Piven is operative! Bankrupt the US and its citizens!

Memo to citizens:


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