FOREX TRADING

What could one say while the world looks to be coming unitedly nicely? President Obama gave a wonderful speech yesterday about how the US in on the road to recovery. His stimulus packages have helped turn the corner, the stock market is up, thousands of new jobs have been created, and as Hillary Clinton cynically said during the Election “the sky opened up, the sun rose brightly, famine and poverty were erased, as the savior has come.”

I wish I could believe Obama but the umbers there just don’t make sense. Lets take unemployment data as an example of how the numbers are not what they seem. In Oregon, a state in the North Western part of the US just above California, Obama’s stimulus created 7,500 jobs – or at least that is the claim they’re making. Now while it’s true that those jobs were created, they weren’t permanent – as a matter of fact, most of them were no more than 37 hours, about 1 weeks worth of work.

Considering that they spent over 10 million dollars creating those jobs, you’d think that 7,500 people would still be employed, in point of fact approximately 74% of the recipients of those jobs are no more in those jobs and are not eligible for unemployment insurance as they didn’t work long enough at this job to qualify for the benefits.

And then, you are able to take 7,500 people off the unemployment lines, or more specifically, off the books – but the reality remains that they’re still jobless. Forex Traders need to have all the information before making trades, they cannot rely on words alone as many times the choice of words used are meant to deceive.

Padding the numbers isn’t going to make things better, action will. And Obama looks intent on continuing his spending – overpaying for things like cheese and ham and toilet seats in the name of stimulating the economy.

A Federally subsidized program that repairs public toilets cost the taxpayers more than 18 Million Dollars, the total number of toilets that were repaired were 993, that’s a total of 18,127 Dollars per toilet. I don’t know about you, but I would like one of those I my house.

I could use it to truly be presidential in my own home by flushing my Dollars down the drain.