Tuesday, May 26, 2015

With Stetson in hand

Weekly unemployment claims continue to hover at levels that predate the Bush Administration, this despite the supposed boom that Bush created by cutting taxes for the rich & after Obama raising them back up again supposedly hurt investment from the Job Creators.

Job creation numbers for April have moved back up to normal levels again now that the West Coast port strike is over and the truck driver labor actions to recover stolen wages have been successful. Trucking companies will no longer be able to pretend their drivers aren't employes and will pay huge amounts in back pay and penalties.

Greece is coming to its monthly crisis about paying its creditors or not. The IMF and private bankers are still demanding grueling austerity and the privatization of public assets. Greece's new government continues to simply say no. At some point the euro bankers are going to give in or Greece will start printing its own money.

The indignados (the outraged) Party has swept local elections across Spain to the chagrin of the ruling party. With General Elections required before the end of the year this anti-austerity party seems poised to take control of Spain less than a year after Syriza took control of Greece running on the same platform. This has to give the euro bankers pause or maybe they just don't care. It's not like their attempts conquer Europe will be met with War Crimes trials this time. There's always the potential for them to acquire more wealth and power next year.

The Texans have momentarily halted their threats of Secession to instead call on the Yankee Carpetbaggers to send them still more disaster relief. How can the Red States complain with a straight face about Federal Government spending when everyone of them get considerably more money back than they pay in? The Texas economy narrowly avoided free fall when the plunge in oil prices gave way to a partial recovery, it seems it wasn't Conservative pro-business policies causing the Texas Boom but simply the high price of oil.  

Twitter @BruceEnberg - where you can learn how Obama is using the cover of Jade Helm to invade Mexico and force them at gunpoint to take Texas back.