Sunday, September 27, 2009

Against all enemies, both foreign and domestic.

On the foreign enemies front we see that Iran sent a letter to the IAEA disclosing a large uranium enrichment plant near the southern city of Qom.

This is bad news times ten. I must admit that I am quite surprised that Israel has not already attacked Iran. Israel's security has always been priority one and any threat to it has been harshly dealt with.

The only possible reason that Israel has not yet attacked Iran would be their fear of Russian retaliation............which could/would be massive and then the U.S. would have to jump in with both feet. Not a pleasant prospect.

The Iranian disclosure (we, apparently, have known about it for a while) of the second nefarious reactor now guarantees an Israeli response. Considering the logistics of a conventional strike on Iran's nuclear facilities, the Israeli's may have to use a couple of small nukes themselves to properly get the job done. At any rate, an Israeli strike at Iran would cause us serious problems as well.

The international community is finally getting upset at Iran since there is no legitimate purpose for the second facility except to produce weapons grade uranium. This may be the saving grace for Israel. The Russians might even sit out getting involved, but they will have to have a huge carrot offered to them which I think they will accept, but we will have to pay for it later.

For political purposes Israel may have to wait while the world tries out harsh sanctions against Iran, but Israel may just decide to hit them in the very near future anyway....................stay tuned.

 

On the domestic enemies front the economy is still a big one. It is being reported that the unemployment rate for young Americans aged 16-24 is 52.2%. This means more kids staying at home with their parents who will have to continue to support them for several more years. It also means that their co-signer parents will have to start paying back their kids student loans, so less money to spend, and consumer spending is 70% of our economy.

Two thirds of the jobs in the U.S. come from small business, but none of the Obama stimulus bills have any significant assistance for small biz. (largely because big biz can afford bigger bribes and payouts to politicians) Thus, we will continue to have high unemployment.

No job, no pay the mortgage, so, forclosures will continue to increase and retail will continue to suffer, putting more people out of work. On the bright side the stock market will probably continue to rise until the elites decide to cash out and then Humpty Dumpty will come tumbling down.

Besides the high unemployment for the entry level young workers, white collar middle manager layoffs have increased 56% since 2007. So, yes, the rich have been getting richer. What happens when the middle class bread winner gets laid off/let go and their kid just graduates from college with large student loan debt and no job prospects? You starve to death is what happens...............and you will start seeing that happen soon too.

There was a time when I thought these things would just work themselves out, as they have in the past, but now I just do not think they will.

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