Thursday, March 11, 2010

Black Women Financial Crisis, Does God guide you? Puerto Rico Statehood? Scammer Obama, Scam Democrats, Lying Deceitful sack of shit liberals and Would you rent a friend?

Median Net Worth of Single Black Women in Prime Working Years: $5
In case you somehow harbored the notion that the other half doesn’t live differently than the rest of us, an eye-opening report released by the Insight Center for Community Economic Development, “Lifting as We Climb,” analyzes a topic that too often gets short shrift, the net worth, or “wealth” of the lower economic strata. The media (to the extent it has taken up the issue of income inequality) has focused on the rising concentration of income and assets at the very top, and less attention has gone to the obverse side of this coin: the relative decline of the standing of lower ranks.

This study drew on the 2007 Survey of Consumer Finances, which is conducted one in every three years and is considered one of the most relaible sources of information on wealth disparities. The analysis uses the same definition of net worth as the Federal Reserve does. The report notes:

While the 2007 data is the most recent release of the SCF to date, it is important to take into consideration that most of the data were collected prior to the economic downturn and therefore present a more favorable portrait of levels of wealth than is likely to be the case currently. Nonetheless, the overall patterns depicted with respect to wealth of whites versus non-whites are likely to hold. If anything, the portrait of wealth holdings for people of color is likely to be less favorable today than it was in 2007 since people of color hold greater amounts of their assets in homeownership (see Table 4) and communities of color have been hardest hit by the foreclosure debacle. Therefore, the data provides a “conservative estimate” of the current wealth holdings for women of color.

Here is the punch line:

However, while white women in the prime working years of ages 36-49 have a median wealth of $42,600 (still only 61% of their white male counterparts), the median wealth for women of color is only $5.

Once they get past their childbearing/rearing years, single black women do better. Their net worth rises to nearly $60,000 for the 50 to 65 cohort. But single white women show a greater increase in net worth across the two age groups, of nearly $70,000.

One of the few papers to pick up this story, the Pittsburgh Post-Gazette add some more disheartening factoids:

Black women, in general, were more likely to have participated in the subprime loan crisis with upper-income black women being five times more likely to have received a high-cost mortgage than upper-income white men.

“The popular image is they spend too much, which is the reason they are running up credit card and consumer debt, but the cost of living has risen faster than income, and they need to go into debt for basic daily necessities,” Ms. Lui said. “It’s compounded because unemployment is twice as high in the black community than it is in the white community.”

Huffington Post has a short write-up by a project manager at the Insight Center, but that is the sort of exception that serves to prove the rule, that of lack of media interest in the fate of the poor and near poor.


God Helps with Personal Decisions, Most Americans Say - Life Science
Most Americans believe God is involved in their everyday lives and concerned with their personal well-being, though the well-educated and higher earners are less likely than their counterparts to believe in such divine intervention, a new study suggests.

Scott Schieman, a sociology professor at the University of Toronto, examined data from two recent national surveys of Americans and their beliefs about God's involvement in their everyday lives.
Whites in U.S. Edge Toward Minority Status - CBS
Demographers say 48% of Kids Born in 2008 Were Minorities, and This Year Could be the "Tipping Point"

Statehood for Puerto Rico and the Potential Fiscal Impact of Official Bilingualism for the United States
Recent developments have advanced the likelihood that voters in Puerto Rico may soon vote on a sequence of ballot initiatives that could result in the granting of statehood status. Should Puerto Rico become the 51st state, a number of issues with major implications for both Puerto Rico and the United States would need to be addressed, including significant tax issues.

President Obama’s Budget Gimmicks - NRO

The president’s recent budget proposal would raise taxes by $3 trillion over the next decade. Yet the president would put most of these new revenues into new spending rather than deficit reduction. Overall, the national debt would double over the next decade — a total of $74,000 per household in additional debt dumped into the laps of our children and grandchildren.
Democrats are such slimy bastards…

The Slaughter House Solution- Human Events

Pelosi has a new health care bill scheme to bypass a vote on the Senate health care bill. The House would simply “deem” the Senate health care bill as passed as part of the House budget reconciliation “fix” bill vote.

National Journal is reporting that Pelosi buddy and House Rules Committee Chairman Louise Slaughter (D-N.Y.) is devising what Republicans have termed the “Slaughter Solution” -- a special rule trick that would seek to bypass a vote on the Senate health care bill “deeming” it passed by in the voting rules for the reconciliation bill.

(Slaughter spoke at the President’s health care “summit” of the dire need for health care reform because people are being forced to wear dead people’s dentures.)

House Republican Whip Eric Cantor (R-Va.) was asked about the “deeming” issue at a pen and pad session with print reporters.

“The public has been outraged by a lack of transparency in this bill,” Cantor said. “If the majority and the Speaker can just deem this bill passed in the rule -- that means no one has the right to even vote on it in the House and to see their level of support. That is certainly unprecedented in a bill of this size and scope.”

The tyranny of the majority. Slaughter is playing precisely the “rules be damned” game Pelosi has since becoming Speaker. She should be getting calls from every voter across America.

Read: Pelosi’s Latest Healthcare Scheme

Nancy Pelosi: Health care was 'hijacked' - Politico
House Speaker Nancy Pelosi concedes that Democrats allowed the health care reform debate to get “hijacked” by insurance companies and other interests set on killing the bill.

This bitch is retarded!

Liberals are such slimy bastards...

Sarah Palin Expected to Testify Against Leftist Tool Who Hacked Her Email Account- First Things

Liberals are such lying slimy bastards...

Today’s Reminder: Matt Lauer Is a Leftist Political Hack & Liar

On Monday, leftist Today Show host Matt Lauer interviewed Karl Rove and pushed the leftist line that George Bush lied America into the Iraq War; that Bush made up the weapons of mass destruction charges against Saddam Hussein.
NewsBusters has the transcript and video.
Bottom line remember how every leftist lied and stated that George Bush made up the weapons of mass destruction story in order to go to war with Iraq. Lauer as well as every other ignorant ass liberal forgot that we live in the age of YouTube and the internet and his lies can be fact-checked in a number of seconds.
Lauer “forgot” that every democrat was saying the same thing as Bush in 2002-2003 and spoke in even harsher terms against Saddam and his WMD.

Democrats Confirm Iraq's/Saddam's Weapons of Mass Destructon

I left the following on a local blog on 9/09/2004 and 9/22/2004

I guess they both lied Huh?:.about Saddam's chemical and biological weapons capacity:

"Evidence suggests that it has begun renewed production of chemical warfare agents, probably including mustard gas, sarin, cyclosarin and VX. Intelligence reports show that Iraq has invested more heavily in its biological weapons programs over the last four years, with the result that all key aspects of this program - R&D, production and weaponization - are active. Most elements of the program are larger and more advanced than they were before the Gulf War. Iraq has some lethal and incapacitating agents and is capable of quickly producing and weaponizing a variety of such agents, including anthrax, for delivery on a range of vehicles such as bombs, missiles, aerial sprayers and covert operatives which could bring them to the United States homeland. "
Sen. John Kerry (D) 10/09/2002

I guess they both lied Huh?:.about Saddam's missiles:
"Since inspectors left, the Iraqi regime has energized its missile program - probably now consisting of a few dozen Scud-type missiles with ranges of 650 to 900 kilometers that could hit Israel, Saudi Arabia and other U.S. allies in the region. In addition, Iraq is developing unmanned aerial vehicles (UAVs), capable of delivering chemical and biological warfare agents, which could threaten Iraq's neighbors as well as American forces in the Persian Gulf. "
Sen. John Kerry (D) 10/09/2002

I guess they both lied Huh? convince us that Saddam was making nukes:
"Iraq has maintained its nuclear scientists and technicians as well as sufficient dual-use manufacturing capability to support a reconstituted nuclear weapons program. Iraqi defectors who once worked for Iraq's nuclear weapons establishment have reportedly told American officials that acquiring nuclear weapons is a top priority for Saddam Hussein's regime. "
Sen. John Kerry (D) 10/09/2002

I guess they both lied Huh?:. America to believe that Saddam could have a bomb by 10/03!!!
"If Iraq could acquire this material from abroad, the CIA estimates that it could have a nuclear weapon within one year."
Sen. John Kerry (D) 10/09/2002

I guess they both lied Huh?:. about needing the international community's support:
"Can we really leave this to chance, when we could eliminate this deadly threat by acting now in concert with the international community, or alone if the threat is imminent -- which it is not now? In my view, we cannot. "
Sen. John Kerry (D) 10/09/2002


One of the main reasons for Bush's victory will be that he has successful led millions to believe the horrible falsehood that somehow the Iraqi's were in on 9-11.
I'm sorry some of us are such idiots. Maybe a strong hit off the ole pipe or a nice cold glass of Crown will set us idiots straight.

"One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line."
- President Clinton, Feb. 4, 1998

"If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq's weapons of mass destruction program."
- President Clinton, Feb. 17, 1998

"He will use those weapons of mass destruction again, as he has ten times since 1983."
- Sandy Berger, Clinton National Security Adviser, Feb, 18, 1998

"We urge you, after consulting with Congress, and consistent with the U.S. Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively
to the threat posed by Iraq's refusal to end its weapons of mass destruction programs."
- Letter to President Clinton, signed by Sens. Carl Levin, Tom Daschle, John Kerry, and others Oct. 9, 1998

"Hussein has ... chosen to spend his money on building weapons of mass destruction and palaces for his cronies."
- Madeline Albright, Clinton Secretary of State, Nov. 10, 1999

"In the four years since the inspectors left, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al Qaeda members. It is clear, however, that if left unchecked, Saddam Hussein will continue to increase his capacity to wage biological and chemical warfare, and will keep trying to develop nuclear weapons."
- Sen. Hillary Clinton (D, NY), Oct 10, 2002.

Oh I forgot...

"Without question, we need to disarm Saddam Hussein. He is a brutal, murderous dictator, leading an oppressive regime ... He presents a particularly grievous threat because he is so consistently prone to miscalculation ... And now he is miscalculating America's response to his continued deceit and his consistent grasp for weapons of mass destruction.... So the threat of Saddam Hussein with weapons of mass destruction is real..."
- Sen. John F. Kerry (D, MA), Jan. 23. 2003
The reason why I post this is because there are STILL people today, reasonable intelligent people who STILL believe that Bush single-handedly manipulated everyone into getting us into Iraq.

It is weird I found this piece this morning because I showed these quotes to a young man the other day. Lefty, Democrat who dislikes Republicans and thinks all Republicans are war mongers and who is a history buff however HE HAD NEVER SEEN ANY OF THESE QUOTES FROM DEMOCRATS. The look on his face when I showed him these quotes was priceless!

I will keep saying this until the day I die; in fact I may have it put on my tombstone.

“Ignorance is what allows liberalism (Democrats) to prosper”

WTF!? - Mississippi prom canceled after student requests to bring same-sex date
WTF!? - Obamaganda: Another School Sings Praises to Dear Leader
Would you rent a friend? - Fausta

There are 108,000 friends for rent on RentAFriend, site founder Scott Rosenbaum says. It costs nothing to list yourself for hire.

It costs $24.95 a month, however, to shop for friends. There are currently 1,200 paying members, Rosenbaum says. The site is 5 months old.

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