BIG DEAL ---> Iran

If turns out that Iran's big announcement -- a so-called blow to global powers -- was a complete BUST! While marking the 31st anniversary of the Islamic Revolution, President Mahmoud Ahmadinejad boasted that Iran had produced its first consignment of 20 per cent enriched uranium.

BIG DEAL. We knew that Iran was heading in that direction. I expected something bigger and better....worse. I expected a game-changer.

This does nothing but increase the likelihood that Israel will end up attacking Iran. If Israel looks to stop Iran, they'll have to do it soon. I hope it never happens, but it does....
WAR WAR WAR


Oh well, in other news. I had my first job interview since being back in Flint and was invited for a second round.

JOY JOY JOY

http://www.abc.net.au/news/stories/2010/02/12/2817415.htm?section=world

Consumer Spending CRASHES!

According to the Commerce Department, consumer spending fell 0.4% in 2009 -- the biggest drop since 1938. Now many of you will say that this is a good sign, because people are saving. And I agree. People are saving, but this necessarily means that the consumer economy must crash. Now, we've all heard about the reports about the 5.6% increase in GDP for the fourth quarter of 2009.
It was basically the result of slower inventory declines. Yes, the government's cash for clunkers and first-time home payer tax credit programs helped, but they were nothing but a costly short term pain reliever. The economy still has cancer and it is my belief that it is terminal.

US consumer spending rises less than expected
http://news.bbc.co.uk/2/hi/business/8491727.stm

GDP
http://online.wsj.com/article/SB10001424052748704194504575031611193012080.html

Is Target Demoting 8,000 Workers to cut Health Care Cost?

When I hosted a live session on my BlogTV, a guy called in and told me about his friend who had been demoted by Target. Apparently, Target is demoting 8,000 full-time employers to part-time status in an attempt to save money and cut health benefits.

I discovered an article that confirmed the story, but the source seems questionable. I want you guys to dig a little and report what you find.

Is Target demoting 8,000 full-time workers to part-time status to avoid paying for health care?


http://jobs.aol.com/articles/2010/02/04/target-to-demote-8-000-ouch/?icid=main|htmlws-main-n|dl8|link6|http%3A%2F%2Fjobs.aol.com%2Farticles%2F2010%2F02%2F04%2Ftarget-to-demote-8-000-ouch%2F

Blog TV Feb 7th

Join me on BlogTV on Sunday at 4PM ET.

Unemployment Drops to 9.7% Here's the REAL story!

What's going on with the economy?

Move people are losing their jobs, but the government is interpreting it in a way that misleads people. The government admits that we lost at least 20,000 jobs in January 2010 and yet the unemployment rate dropped from 10% to 9.7%.

How is this?

Let me break it down in a way that everyone can understand.

There's an imaginary country.

The Republic of Centonia.
Population: 100

Now, if you exclude the elderly and youth, you have 60 workers participating in the economy. If you have 20 people who are not working. Under normal circumstances, the unemployment rate will be 33.3%.

Why?

There are 20 unemployed workers for every 60 participants.
20/60= .333
You convert .333 to 33.3%

If five unemployed workers stop looking for work. The Centonian government can do what the U.S. government does and simply declare that they are not apart of the workforce.

That means you subtract the 5 from the participant group and and the unemployed group.
60-5= 55 people participating in the economy
20-5= 15 people counted as unemployed.

That means 15 out of 55.

15/55= .272
Which gives us Centonia a lower unemployment rate of 27.2%.

So you have the same situation. 100 citizens. 20 people not working. But if you remove the discouraged workers from the unemployment count, you get a lower rate.

Same amount of people not working. Better number.

27.2% sounds better than 33.3%.

The U6 rate dropped, too. But you have to keep in mind that when people lose their unemployment benefits, they are not necessarily counted for the U6.

Bottom line: We're losing jobs and the unemployment rate is not showing that.

Thank You Very Much

First, let me say thank you for all of your support. I originally started this blog as a means of expanding my message beyond Youtube. I wanted to provide my viewers with another means of communicating ideas. Unfortunately, I have found that I do not have enough time to run this blog, search for a job and continue to produce quality videos.

So I don't know how many people are reading this. Judging by the number of comments on my pages, I would say three or four. I just want to say thank you for your support.

I'll see you on Youtube.

http://www.youtube.com/user/DEMCAD

Deficit: UP and away it Goes!

President Obama has just submitted a budget that will blossom to $1.6 trillion. Yep! Why not?! If we're headed to hyperinflation, why not make it the greatest hyper-inflationary depression that we can produce. if we try hard enough, we maybe able to beat Zimbabwe.

The teleprompter-in-chief unveiled a $3.8 trillion annual budget.

Anybody jumping into the dollar?!