How Obama is deliberately crippling U.S. economy
Ever since Barack Obama was elected president in 2008, Americans have heard a lot about “progressivism,” Saul Alinsky’s “Rules for Radicals” and the “Cloward-Piven Strategy” of orchestrated chaos – basically, intentionally causing an existing system to break down in order to “rescue” it by instituting a new system. In other words, a “fundamental transformation.” Conservatives believe this is Obama’s playbook.
Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days
Outside of the federal government’s Bureau of Labor statistics, the Gallup polling organization also tracks the nation’s unemployment rate. While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven’t been worthy of note. But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.
Obama prodded the nation’s top financial regulators on Monday to act swiftly and finish writing rules designed to prevent a recurrence of the 2008 financial crisis that helped precipitate a damaging recession from which the country is still recovering.
The Dow Jones Industrial Average’s 225-point decline on Thursday marked its biggest drop since June 20, followed by a lacklustre Friday that left the benchmark average down nearly 3% so far this month. The blue-chip average has suffered back-to-back triple-digit-point declines and 10 drops in the past 14 trading sessions. U.S. Treasury bond yields rose to their highest level in two years last week.