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Tuesday, October 26, 2010

Today in history: Earth was created 6,014 years ago

Allowing for a combination of subsequent calendar adjustments, today is - according to Bishop James Ussher (1581-1656) - the 6,014th anniversary of the creation of the earth at 9 A.M. on 26 October 4004 B.C.

The Left's war on the economy

Obama may be losing the War on Terror, but his War on the Economy is headed full speed ahead. The joblessness, the unemployment rolls and an economic in which the only people still making money are in the government, in public sector unions or on Wall Street is no accident. It was the intended result all along. 


Contrary to the liberal worldview, most Americans didn’t want to be on the dole, they wanted a working economy. And the popular wisdom among them today is that Obama is a well-meaning failure. Most Americans will go to the polls and vote based on that popular wisdom. They generally don’t hate Obama, yet they don’t think that he or his party are up to the job either. 

But Obama didn’t fail. Obama succeeded. He succeeded at doing exactly what he was supposed to do. Damage the American economy in order to undermine the country’s status as a Great Power and the independence of the average American from his government. The goal of this party and this man was never to oversee an economic recovery. And why would it have been? Obama and his allies on the left believe that a prosperous economy is the root of all evil, and the chief obstacle to the people embracing a government mandate for socialism.

For many over 55, recession strips away savings, jobs

USA Today: A growing number of Americans age 55 and older have put their retirement dreams on hold as they face a dismal financial reality: The recession has forced many into unemployment, stripped away years of their savings or dramatically reduced incomes during what they had hoped would be their final high-earning years.

Greece Likely to Default By 2013 as Debts Remain

Greece is likely to default over the next three years because budget-cutting won’t be enough to reduce the nation’s debt burden, Pacific Investment Management Co. Chief Executive Officer Mohamed A. El-Erian said.