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Really, Unexpected?

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"Consumer confidence tumbles, home prices stagnate" goes the headline on a Reuters article. It continues "Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling".

The lack of depth never ceases to amaze me that Washington types display when writing these articles. Really, was this unexpected? Where did you go to get your information for the article, or is it something you just assumed?

The economy has been going south steadily, for almost 5 years now, you think it might be wearing thin with the consumer?

Not only is he/she faced with the prospect of losing a job, losing hours, if already  unemployed, there's the prospect they may be losing that. In addition to those gloomy prospects, they are already feeling the pinch of inflation, no matter how Washington screws with the numbers to make it look better.

They just got finished putting their kids back in school, Christmas is waiting in the wings, high heating bills are coming, yada, yada, yada.

Out here in corn country ms. reporter we call that a double whammy! And you are surprised at the unexpected drop in confidence?

When we get rid of the lousy leaders we now have in Washington, maybe the gloom will be lifted, assuming we get someone in there who actually gets something positive accomplished.

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A recent Rasmussen poll finds that 66 percent of the American public opposes forgiveness of one of the "Occupy Wall Street" gangs loudest demands. The gang is finding no sympathy with their demand for forgiveness of student loans.

Nearly 1 trillion dollars in loans are at stake. And why should they be forgiven? Was it the American taxpayer that made the decision to trade the indebtedness for a collage education?

The people that "demand" forgiveness of debt, that was knowingly made, have missed an important lesson in life, the lesson of consequences of actions. They signed the dotted line, taking on the debt, in return for what they wanted at the moment and were unable to pay for.

It all points to one of the main problems that the American society has created over the years, the problem of lack of responsibility for one's actions. When this problem is solved most of society's other problems will cease to exist.

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Netflix Stumbles

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Netflix is taking a beating in the stock market. Ever since their decision to restructure existing plans in July of this year the graph has been going south.

CEO Reed Hastings used the word "arrogance"  in a blog post Sunday. This isn't the first time the mighty have fallen because of that attitude. There have been many big businesses  die quickly because they thought they could do what they please and the customer base would just go along.

I've seen this kind of thing happen to movie stars, TV personalities; anyone or anything that is made by the public, can be destroyed by the public. It would do those entities made by the public well to remember that phrase.

Netflix plans to separate its by mail DVD service from its online streaming service and they will be two completely different operations. Customers who want both services will be billed separately for each service.

It will be interesting to see how the public takes this latest decision, will the slide continue, or will the business stabilize.

Business's would do well to remember the power of the people.

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Obama's Job Proposal

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"Obama to propose $300 billion jobs package" the headline of a Reuters report states. Since the last stimulus was such a rousing success, sure lets follow this whiz kids advice and throw another $300 billion at the problem.

Economists Timothy Conley (University of Ontario) and Bill Dupor (Ohio State University) found that the American Recovery and Reinvestment Act of 2009 (ARRA) created or saved about 443,000, mostly government, jobs, and destroyed or forestalled more than 1 million private-sector jobs.

Had those same billions been spent on initiatives that benefited the private sector and small business we wouldn't be having this proposal to spend billions more. We wouldn't have an employment problem.

Obama and his minions continue to create an unfriendly atmosphere for business in this country, as demonstrated by the ridiculous justice department raid on Gibson Guitar Corporation last month.

As long as this administration is intent on leading this country down the socialist path, these economic and employment problems will persist. Again in 2012 we will be Hoping for Change.

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