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In my lifetime, I've never seen a President pass the buck like our current President. The good news is that we have a couple $1,000,000+ buses for him to use now.
The economy would have been fine, if not for "bad luck", according to Obama
"The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."
Except for its updated details, much of the president's speech resembled the stump speeches he gave when campaigning for Democrats before the 2010 midterm elections. But the White House claims this trip is non-political, part of the president's officials duties to discuss economic issues with the public. For the three-day tour through Minnesota, Iowa, and Missouri, the Secret Service has rolled out two new buses, costing more than $1 million apiece, to take the president and his aides around the countryside.
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Wal-Mart Profit Up, US Same-Store Sales Fall
Sales at Wal-Mart's U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters.
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Source: Walmart |
Wal-Mart [WMT 49.98 
0.23 (+0.46%) 
], the world's largest retailer, said on Tuesday that it earned $1.09 per share from continuing operations, up from 97 cents a year earlier and near the high end of its forecast of $1.05 to $1.10.
0.23 (+0.46%) ], the world's largest retailer, said on Tuesday that it earned $1.09 per share from continuing operations, up from 97 cents a year earlier and near the high end of its forecast of $1.05 to $1.10.Excluding a decline in the market value of currency derivatives, acquisition costs and other items, earnings were $1.12, compared with the average analyst estimate of $1.08, according to Thomson Reuters I/B/E/S.
In May, Wal-Mart said same-store sales at the Walmart chain in the United States, excluding fuel, would be down 1 percent to up 1 percent. Analysts, on average, were expecting a decline of 0.6 percent, according to Thomson Reuters data.
Strong sales at its smaller Sam's Club warehouse clubs and international stores have helped mitigate the impact of a slump in sales at the U.S. Walmart chain.
Still, the U.S. Walmart business is the company's biggest by far, accounting for $260.3 billion, or 62.1 percent of sales in fiscal 2011.
That business has seen customers move to even lower-priced dollar stores as unemployment remains high and inflation cuts into people's spending power.
*********************************************************************************** 10 Signs That Economic Riots And Civil Unrest Inside The United States Are Now More Likely Than Ever
You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble. We have raised an entire generation of young people with an "entitlement mentality", but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to. If you are under 30 in America today, things look really bleak. The vast majority of the good jobs are held by people that are older, and they aren't about to give them up if they can help it. It is easy for the rest of us to tell young Americans to "take whatever they can", but the reality is that there is intense competition for even the most basic jobs. For instance, McDonald's recently held a "National Hiring Day" during which a million Americans applied for jobs. Only 6.2% of the applicants were hired. In the old days you could walk down to McDonald's and get a job whenever you wanted to, but now any job is precious. The frustration among our young people is palpable. Most of them feel entitled to "the American Dream" and they feel like the system has failed them. Unfortunately, many of them are already turning to violence. But the economic riots and the civil unrest that we have already seen are nothing compared to what is coming. Americans are angry, and as the economy continues to collapse that anger is going to reach unprecedented heights.
In recent days, even many in the mainstream media have been openly wondering if the riots that happened in London could happen here too. There is a growing acknowledgement that this country is headed down a very dark path.
The sad thing is that these riots accomplish absolutely nothing. The recent London riots did not create any jobs and they certainly did not solve any economic problems. Instead, they actually hurt the economy even more because a huge am0unt of property was destroyed and people are even more afraid to continue with business as usual.
But when people get to the end of their ropes, most of the time they are not thinking rationally. When frustration erupts, the results can be very, very messy.
All over the United States we are already seeing some very troubling signs of the violence that is coming. The following are 10 signs that economic riots and civil unrest inside United States are now more likely then ever....
#1 Going to the state fair used to be such a fun thing for American families to do. But now no place is safe. The following is how one local ABC News affiliate described the "flash mob" attacks that took place at the Wisconsin state fair recently....
Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of "hundreds" of people. One officer described it as a "mob beating."
Police said the group of young people attacked fair goers who were leaving the fair grounds. Police said that some victims were attacked while walking. They said others were pulled out of cars and off of motorcycles before being beaten.
One eyewitness said that the flash mob attacks at the Wisconsin state fair absolutely overwhelmed the limited police presence that was there....
When I saw the amount of kids coming down the road, all I kept thinking was, 'There's not enough cops to handle this.' There's no way. It would have taken the National Guard to control the number of kids that were coming off the road. They were knocking people off their motorcycles.
You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble. We have raised an entire generation of young people with an "entitlement mentality", but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to. If you are under 30 in America today, things look really bleak. The vast majority of the good jobs are held by people that are older, and they aren't about to give them up if they can help it. It is easy for the rest of us to tell young Americans to "take whatever they can", but the reality is that there is intense competition for even the most basic jobs. For instance, McDonald's recently held a "National Hiring Day" during which a million Americans applied for jobs. Only 6.2% of the applicants were hired. In the old days you could walk down to McDonald's and get a job whenever you wanted to, but now any job is precious. The frustration among our young people is palpable. Most of them feel entitled to "the American Dream" and they feel like the system has failed them. Unfortunately, many of them are already turning to violence. But the economic riots and the civil unrest that we have already seen are nothing compared to what is coming. Americans are angry, and as the economy continues to collapse that anger is going to reach unprecedented heights.
In recent days, even many in the mainstream media have been openly wondering if the riots that happened in London could happen here too. There is a growing acknowledgement that this country is headed down a very dark path.
The sad thing is that these riots accomplish absolutely nothing. The recent London riots did not create any jobs and they certainly did not solve any economic problems. Instead, they actually hurt the economy even more because a huge am0unt of property was destroyed and people are even more afraid to continue with business as usual.
But when people get to the end of their ropes, most of the time they are not thinking rationally. When frustration erupts, the results can be very, very messy.
All over the United States we are already seeing some very troubling signs of the violence that is coming. The following are 10 signs that economic riots and civil unrest inside United States are now more likely then ever....
#1 Going to the state fair used to be such a fun thing for American families to do. But now no place is safe. The following is how one local ABC News affiliate described the "flash mob" attacks that took place at the Wisconsin state fair recently....
Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of "hundreds" of people. One officer described it as a "mob beating."
Police said the group of young people attacked fair goers who were leaving the fair grounds. Police said that some victims were attacked while walking. They said others were pulled out of cars and off of motorcycles before being beaten.
One eyewitness said that the flash mob attacks at the Wisconsin state fair absolutely overwhelmed the limited police presence that was there....
When I saw the amount of kids coming down the road, all I kept thinking was, 'There's not enough cops to handle this.' There's no way. It would have taken the National Guard to control the number of kids that were coming off the road. They were knocking people off their motorcycles.
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