Jon Stewart Interviews Obama Economic Advisor Austan Goolsbee

Check out the latest from the Obama economic advisor about the state of the American economy.






From Denny: One of the Obama economic advisors is Austan Goolsbee. Jon Stewart interviewed him recently about what exactly is going on in the economy and how The Obama Economic Team is grappling to get its hands on this runaway monster. They recognize the difficulties in getting down the unemployment rate. One of the ways in which they are taking measures to do so is by funneling credit to small businesses so they can hire. After all, it's the small businesses who are the heroes of the economy. Small businesses hire 80 percent of the workers in America.

This guy, Austan Goolsbee, is a straight shooter as he discusses what the President and his economic team are dealing with on a daily basis. Interesting stuff! And you know the biggest reason this video clip is on my blog is because Stewart lets the interviewed actually talk, minus all the "gotcha" dumbed-down journalism.

Americans Lose Jobs Twice As Fast As Immigrants Gain Jobs

In the  2009 jobs report, immigrants gained 656,000 jobs while native-born Americans lost 1.2 million.





From Denny:  A new disturbing report about jobs gained among immigrants (legal and illegal) vs. severely lost among native-born Americans is about to be released from the U.S. Census Bureau and Department of Labor data by the Pew Hispanic Center. What it proves is that immigrants are gaining jobs twice as fast as native-born are losing them.

Prez Obama Slaps Down Big Banks For Shady Home Foreclosure Bill

Obama catches last minute sleaze Republicans and Big Banks tacked on into new bill to cheat homeowners of their consumer protection rights while in foreclosure.

From Denny:  Leave it up to the Republicans to sleaze the public and try and slide yet another scumbag piece of legislation past the public and the President.  Fortunately, the White House caught it in time.  As it was, none of the Democrats in the House or the Senate realized they had been sleazed by the Republicans with a last minute tacked amendment they didn't know they were about to vote into law.  They thought the law stood as agreed with no changes yet they got snookered by the Republicans and their handlers yet again.

Obama Investigates: Big Banks Screw Up Home Foreclosures

Learn how the Big Banks just screwed themselves out of all their profits.

From Denny: Who really feels sorry for the greedy Big Banks who have repeatedly raped the wallets of the American public? Awww, everyone all together now in unison, "Can you hear me now???"


Big Bank Bailouts 

Months ago, with the public loudly complaining, Big Banks took big bailouts and pluncked them down on to their profit lines instead of turning around to stimulate the economy by putting the monies out into small loans for the middle class. In short, money has dried up for development - big or small construction projects and homes, and small businesses are dying for lack of funding. Getting financed on a home loan is virtually impossible. It will be months, maybe as long as a year, before small businesses can tap into the new small business loans the Democrats managed to pass in Congress recently. Until then it's anyone's guess how many small businesses will bite the dust.

Obama Sends Thousands More Jobs Out of America: Mexico

*** Prez Obama tricked by GM to send thousands of jobs out of America and to Mexico.




New GM CEO Dan Akersan is from the Carlyle Group, famous for sending American jobs overseas


From Denny: Here's what is really happening and how the President got snookered by Big Business, namely the auto makers and, in particular, General Motors.

GM just reported their best quarterly profit in six years: $33 billion. Yet they are suddenly changing out their CEO to a guy who is with the Carlyle Group. What is the reputation of the Carlyle Group? These guys are a bunch of snakes. They are known for shipping jobs overseas.

As soon as this new GM CEO, Dan Akerson, was announced GM made a move to create a new plant in Mexico to the tune of a $500 million investment. Those are American jobs getting shipped out of the country yet again by Big Business.

Team Obama did a lousy job and did sloppy negotiations nor did they hold Big Business to the fire to do more than save jobs. They did not get any commitments from the auto industry, namely General Motors and Chrysler, to create jobs. And, so, the American taxpayers who footed the bill for all these bailouts gets the reward of thousands of their jobs getting sent out of the country.

It's time for Team Obama to step up and defend the American worker and take back those jobs - and those tax breaks for American Big Business who stiff arm us. As it is, the jobs that need to be created to get us back to a stable economy is huge: the astounding number of 22 million.

Foreclosure Violated Military Act: Yet Another Reason Not to Live in Texas

*** A soldier returns from Iraq only to find his own Homeowners' Association sold his home at sheriff's auction.





From Denny: The whole neighborhood is in an uproar to discover a Texas homeowners' association thought nothing of it to foreclose on a house only owing a mere $800 in dues. A more than $300,000 house sold at sheriff's sale for a pittance to "an investor": $3,200. Then the homeowners' association re-sold it for the low price of $135,000 to another investor who proceeded to evict the original homeowners, the family of National Guard Capt. Michael Clauer.

Just one problem here, folks, there is the Servicemembers Civil Relief Act (SCRA). This federal law has been around since World War I to prevent sleazy businessmen from profiting unfairly while soldiers are on active duty away from home. The only way to foreclose on a military service person is for it to be ordered by a court. Yet the law did nothing to protect this military family. And that's the heart of so much of what is wrong in America today: we have the laws to protect yet no one enforces them so they end up toothless.