Welcome to the American Revolution II

Welcome to the American Revolution II
But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
"We face a hostile ideology global in scope, atheistic in character, ruthless in purpose and insidious in method..." and warned about what he saw as unjustified government spending proposals and continued with a warning that "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex... The potential for the disastrous rise of misplaced power exists and will persist... Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."Dwight D. Eisenhower

Monday, August 23, 2010

America bankruptcies, creative destruction?


Going for broke

Bankruptcies rise in America


Aug 18th 2010

http://lonelyconservative.com/wp-content/uploads/2009/12/capt_eec48bfa75d2419180ddad8ef6e3a761_obama_correspondents__dinner_dcsa121-300x263.jpg BANKRUPTCY filings rose 20% in the year to June 30th compared with the previous 12-month period, according to statistics released on August 17th by the Administrative Office of the US Courts. This takes quarterly filings to their highest point since tougher bankruptcy laws were introduced at the end of 2005. That change brought a spike of bankruptcies, as companies and individuals rushed to declare themselves broke under the more lenient old regime. The data suggest that an older trend is reasserting itself. This is could be more bad news for America—or it could just mean that Obama creative destruction is alive and well.http://1.bp.blogspot.com/_KynvqWKMoNY/S9sD1sZdekI/AAAAAAAAAHs/OYFxChUKVLs/s1600/pimp+obama.jpg

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