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post #1 of 4 (permalink) Old 03-24-2009, 10:33 AM Thread Starter
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Cafferty Tea Party

Yet another lefty coming to his senses. The shiny socialist orb is starting to lose it's luster and reality is starting to set in. Unfortunately, many years of damage cannot easily be undone. Can we possibly learn from our mistakes this time or are we condemned to repeat them?

Cafferty: Idea that next generation would have a better life is now at risk
By Jack Cafferty
CNN

NEW YORK (CNN) -- There is a chill wind blowing across this land of ours.

People are losing faith in their ability to realize the American dream. While AIG pays out $165 million in bonuses to people who arguably contributed to the need for the federal government to hand them $170 billion of our money, and while politicians lie about who crafted the language that allowed this kind of stuff to happen (Are you listening Chris Dodd?), the average American is seeing his future disintegrate in front of his eyes.

Here are some numbers that suggest we are losing hope:

A CNN-Opinion Research Corp. poll shows 39 percent of those surveyed say they're very confident they'll be able to keep up their quality of life. That's down from 45 percent a year ago.

Fifty percent of homeowners with a mortgage say they're very confident they can keep making their house payments. Again, that's down from 58 percent a year ago.

Also down are the percentages of Americans who are confident they can pay their other debts, things like credit cards and car loans.

When it comes to saving for long-term goals, it's even worse.

Only 24 percent of parents say they're very confident they'll be able to pay to send their children to college, and only 22 percent of those who are still working think they'll be able to save enough for retirement.

This used to be the country where each succeeding generation could look forward to a better quality of life than their parents enjoyed.

In the meantime, as the federal government continues to print money that isn't worth the paper it's written on and as our national debt soars past $11 trillion, a United Nations panel is set to recommend that the world ditch the U.S. dollar as its reserve currency in favor of a shared basket of currencies.

One of the enduring strengths of the dollar has been that it has always been the currency of choice in times of crisis. But that's not the case anymore. Our ballooning deficits have driven down the value of the dollar so much that the Chinese government recently asked for guarantees from Washington that the Treasury bills they own are safe.

All of this isn't lost on the average American. Last week there were protests and demonstrations by taxpayers in cities all around the country who are beginning to object in increasing numbers to runaway government spending, taxes, bailouts and our growing national debt. These protests were called tea parties. Has a familiar ring to it, doesn't it?
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post #2 of 4 (permalink) Old 03-24-2009, 10:56 AM
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Sorry to burst your bubble but most of us have been saying that for five years. The next generation was already screwed by the time we got to $8Trillion in National Debt and our Manufacturing base wandered offshore.

Everything is just piling on.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #3 of 4 (permalink) Old 03-24-2009, 11:00 AM
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I never view Cafferty is a Leftist. His idea is not new, not even remotely. Many people in this country feel that way for a very long time. I feel that way for a long time.

I will say this, I will not be surprised this country will go through a major change at the end of Obama's term given all the high hopes with his Administrations from the get go, along with it's historic significance.

I have been saying all along, this country is only one pay check away from a general revolt and that time is ticking along side with the Doomsday Clock.

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post #4 of 4 (permalink) Old 03-24-2009, 11:18 AM
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Cafferty a lefty?

He's about as left as Bush.
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