TV News LIES

Monday, Oct 23rd

Last update05:20:13 AM GMT

You are here News Editorials Bruce Enberg: The Jade Rabbit says, "Nǐ hǎo" (hello)

Bruce Enberg: The Jade Rabbit says, "Nǐ hǎo" (hello)

E-mail Print PDF

jade rabbitNew unemployment claims fell sharply the week before Christmas despite widespread weather problems that were putting a drag on business activity. Early numbers suggest that retail sales were up for November and December, justifying the increase in business inventory during the third quarter. This would be in line with the declining layoffs, if inventory sold as predicted as more production will be required in January.

The Federal Reserve is cutting its $85b per month QE3 bond buying program by $10b in January and this is causing bond interest rates to climb. But so far this has had no negative effect on the stock market that continues to set records. At $75b we're still talking about the better part of a trillion dollars a year in stimulus. Of course this is 'soft stimulus' that mostly ends up as bank balance sheet entries.

If the government would spend $1t per year on infrastructure the US would be booming like China, instead of drifting toward becoming a third world colony of the People's Republic of China. Did I mention they have a rover named the Jade Rabbit on the moon? Twenty years ago there were almost no private cars in China, now the 'commies' are a bigger market for cars than the US. In five years their economy will be bigger than the US across the board.

The Republicans continue to attempt to sabotage the economy by cutting transfer payments such as unemployment benefits to 1.3 million laid off workers. Remember these people were fully employed at one time or they wouldn't be eligible for benefits. They aren't 'deadbeats', it's just that Conservatives sent their jobs to China.

More...


Most Recent Related Stories...


You Only Believe the Official 9/11 Story Because You Don't Know the Official 9/11 Story

9/11 - you don't know the official story of 9/11I don't believe the official story of 9/11 because I know the official story of 9/11!During...

Maybe Trump is a kind of cry for help from the Earth, a human flare

Maybe Trump is a call for help from the EarthSo are we heading for a Mad Max-style future? I don’t think so. After having lived...

The Civil Rights Division has a proud legacy. Eric Dreiband is unfit to lead it

Civil Rights Division deserves a better leaderOver half a century ago, Congress passed the Civil Rights Act of 1957 in what was...

The Bombs of August : In Remembrance of Hiroshima and Nagasaki

Hiroshima and Nagasaki rememberedOn Monday, August 6, 1945, after six months of intense firebombing of 67 other Japanese cities,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!