Underemployment Near 20% In U.S.

Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released on Tuesday.

In findings that appear to paint a darker employment picture than official U.S. data, Gallup estimated that about 30 million Americans are underemployed, meaning either jobless or able to find only part-time work.

Underemployed people spent 36 percent less on household purchases than their fully employed neighbors in January, while six out of 10 were not hopeful about their chances of finding adequate work in the coming month, the poll said.

Gallup surveyed more than 20,000 U.S. adults from January 2 to 31. The results have a 1 percentage point margin of error.

The poll comes at a time when voter anger over the slow economic recovery is running high and President Barack Obama's hopes of boosting employment through government programs have been frustrated by partisan rancor in Congress.

The U.S. unemployment rate fell to 9.7 percent in January but remains near record highs.

Gallup found that underemployed Americans were more likely to have a favorable view of Obama, with 55 percent approving of his performance as president against 49 percent of the public.

The poll's estimate of U.S. underemployment is higher than official statistics. The Labor Department says 16.5 percent of American workers were without employment or worked part-time for economic reasons in January against Gallup's 19.9 percent.

A Labor Department official said the government rate may be lower because it factors out temporary seasonal changes in employment to better reflect the underlying economy.

"MY OWN AMERICAN STIMULUS PLAN"

I believe that "My Own American Stimulus Plan" is more cost effective to Americans than President Obama One Trillion Dollar Stimulus Plan that will bankrupt our children's future. The First part, of my Stimulus Plan is to have a "Federal Tax Free Holiday" for the next six months. This means that Average American can take that extra money home in Federal Taxes in there next Paycheck and stimulate the American economy right away. The extra money in there pockets will help Americans through these tough times. The Second part, of my Stimulus Plan is to lower all six "Income Tax Brackets Five Percent" that means if at the top you pay 35% you will pay 30% and at the bottom if you pay 10% you will now pay 5% and that will stimulate the economy right away. The Third Part, of my Stimulus Plan is to lower all Capital Gains Rates 75% on dividends and that will release a lot of extra money to be invested into the American Economy. President Obama was asked this question by Charlie Gibson of ABC News that cutting the Capital Gains Rate helps the economy, because people use that money to invest in the American economy and create jobs. President Obama as usual did not know what the hell Charlie Gibson was talking about when it came to cutting the Capital Gains Rates. The Fourth Part, Of my Stimulus Plan is is to have a Tax Free Holiday for "Three Years" if people decide to take money out of their IRA because, they have been laid off from there job. This should be enacted today by Congress so, that Americans can access this money without paying a large penalty because of the country economic woes. The Fifth part, of my Stimulus Plan is to lower all taxes on small businesses because, they create 80% of all the jobs in America. I believe that there should be a Government infusion of 50 Billion Dollars into small business who want to expand their workforce in the next two years. Finally, lower all corporate taxes in America 5% because, of declining profits and a smaller workforce. The more money Corporate America has in it's own pocket the more they can spend on new employees and new technology. This plan that I have put forth could stimulate the economy right away if it was enacted by Congress and the President today. President Obama Stimulus Package is not going to stimulate the economy it is just another waste of a Trillion Dollars.

DEPRESSION 2009 "PART ONE"

The collapse of the whole American economic system is coming soon and most Americans are not being told the truth about the true nature of our financial problems. In major cites like Detroit they are already suffering a Depression with the lack of city services and jobs. The Federal Government will have to help the average American who happen to be unemployed and the poor with programs such as unemployment benefits, Medicaid, Social Security, and Food Stamps. The American people in a Washington Post Poll feel that the new Obama Administration policies will bring us out of a depression but, they happen to be sadly mistaken. The American people believe that there leaders can lead them out of a financial crisis with there socialist policies. The Average American does not know history and they believe that the FDR policies of the 1930's will lead us out of this depression but, it was actually World War Two that lead us out of the Depression. I feel that these large bailouts and stimulus packages will destroy the American currency all around the world. The American currency in the near future will be like the German currency in the 1920's when you could not by a loaf bread with a wheel barrel full of money. I believe that the current economic conditions are comparable to a war fought between Central Banks around the world and the private sector and the war is likely to be a protracted and will lead to high volatility in all asset classes. There will be big up swings and down swings in the market and that will show you the true instability in the world markets. The Federal Government is terrible at running the economy from Washington. The American Economy will soon have Hyper-Inflation at a high level because, they are making the same mistakes that Germany, Zimbabwe and other failed countries economic policies from the past. If you see the commercial real estate market and the bond market crash that is when you will see the American currency collapse and you will see a new North American Currency. Finally, this is part one of several articles I will write about the American Depression and the coming change in currency. The next articles will be about the new American Currency called the Amero that was sent to the China Central Bank early this year.

CAROLINE KENNEDY STATE TOUR "STOP'

The Caroline Kennedy State Tour makes me sick. The tour was basically, a coronation by the Democratic Party Elite so, that she will receive the appointment by Gov. David Patterson as soon as Sen. Clinton is confirmed as Secretary Of State. The only way she will not receive the appointment is if Gov. Patterson gives it to Attorney General Andrew Cuomo. Gov. Patterson may give the vacant seat left by Sen. Clinton to Attorney General Cuomo because, Cuomo may run for Governor in 2010. This would eliminate Gov. Patterson biggest competition to retain the seat vacated by The former embattled Gov. Elliot Spritzer. Caroline Kennedy visited Syracuse, Rochester and Buffalo and listened to all the upstate Mayors concerns about the economy. This is the first time she ever visited the City of Buffalo. Therefore, how in the hell can you listen to a Mayor for a hour and learn about the issues and difficulties of Western New York if you have never campaigners in this area. This is the favorite part of her listening tour she, met with the "King Maker" the Rev. Al Sharpton who gave his blessing at Sylvia's Restaurant in Harlem. This made me even more sick watching this clown act while we, are going through a mini-depression. This women is not qualified for the position of Senator of the State Of New York and everyone reading this article knows that I am telling the truth. The only reason why she is receiving this consideration is because, Caroline Kennedy won the biggest lottery in the world the lucky gene lottery. Caroline just happened the to be Daughter of President Kennedy so, she deserves the job because, some "Dumb Ass Americans" in the Elite West Side Of Manhattan believes that she is part of American Royalty. The media would not have accepted this from a Average American like Gov. Palin who started from the bottom like all Americans and they called her unqualified to be Vice President even though she was a Governor of Alaska. The Liberal Left Wing Media has not attacked Caroline Kennedy qualifications because, she is part of the socialist elite in America. Finally, if she is appointed Senator this is just another nail in the coffin of a dying country. I totally believe that there will be a new American Revolution and the American people will not show any sympathy for the Liberal elite in America who hate everything that made American great.

"A NEW AMERICAN REVOLUTION"

The way things are going in America today we may need a new American Revolution. The way are Federal government is run by the President and the Congress is unacceptable to most Americans. This Federal Government is bailing out some of the most "Notorious" Wall Street Firms in the history of American. These bailouts that the Federal Government is giving out to these Wall Street Firms without any consequences for there actions in destroying the American economy. There have been no arrests at Lehman Brothers, Merrill Lynch and many other Wall Street Firms that have misused stockholders and investors money. The Federal Government has no control over there wild spending spree over the last six months and they are destroying are children's future. I wake up every mourning and hear that our new President-Elect Obama is going to spend a Trillion Dollars on a stimulus package similar to the New Deal. This could be a disaster because, anyone who knows history knows that the New Deal did not get us out of the Depression it was World War Two. I have a Governor in New York State who believes that you should tax everything that is humanly feasible for example this clown wants to tax you for buying shoes, soda, and any thing "Clown Ass" thing you can think of in your mind. This is unacceptable because, the average American is getting shafted from every angle they are losing there jobs and getting higher tax bills. The Federal and State Governments have to shrink there budgets to fit the harsh times that we are living in today. The Federal Government should not be a ATM Machine for every problem that a Bank or a Wall Street firm is having because of bad management. These firms should be allowed to fail just like any other small business in America. This Bailout money should be going to Small businesses because, they create most of the jobs in America today. Finally, if the Federal and State Governments don't get there act together there will be another American revolution and you will not see Americans with pitchforks they will have guns and they will truly want change.

OBAMA "TRIlLLION DOLLAR STIMULUS PACKAGE"

The Obama Administration will be presenting a Trillion Dollar Stimulus package right before he is inaugurated President Of The United States. This package will cover re-building the nations infrastructure and so-called job training programs. I know that President-Elect Obama is trying to solve a difficult problem with the economy but, to throw a Trillion Government Dollars at the American economy so, that Wall Street can be happy that is a tremendous mistake. President-Elect Obama has to understand that money does not grow on trees and that there has to be some type of fiscal responsibility when it comes to running a government. This Stimulus package does not include his first federal budget which more than likely will be over Three Trillion Dollars. This means in the first year of his Presidency he, will have spent Four Trillion Dollars of our children's money and we will probably have to bailout even more banks and firms. If you don't think that we are spending money like Germany in the 1920's you are highly mistaken. This could sink the nation into a deeper depression if this Stimulus Plan does not work, because of the lack of fiscal responsibility by Bush and Obama. The Obama Administration has to present a program to pay down our Nations Debt and Federal deficit. This nations debt when you add up all of our bills we owe about 50 Trillion Dollars in world Debt. The nations deficit is about 400 billion dollars and that could be managed if the economy turns around in the next two years. The Obama Administration should use the stimulus package on certain areas of the economy that will help the average American get jobs. Finally, we have to spend the taxpayers dollars wisely or we will eventually, run out of money and create a massive depression. Our federal government cannot keep throwing money at failed corporations and failed government policies. The Welfare State has to end or our nation will end up like a Third World Country.

"WALL STREET PIRATES" MONDAY QUICKIE

These Wall Street Pirates who have destroyed the American economy have to be held accountable for there illegal actions. The CEO's who headed these large Wall Street Firms should be arrested and indicted for there crimes against America. The average American is suffering because, of the lack competence and leadership by these CEO's who only care about how much money they can make in there quarterly reports to Wall Street. This failure of leadership has had a ripple affect and cost millions of jobs in almost every sector of the American economy. President-Elect Obama should give his Attorney General Eric Holder the responsibility of prosecuting these CEO's for there economic crimes. The head of Merrill Lynch Stanley O' Neil walked away with 150 million dollars and nobody is holding him responsible for destroying one of Americas greatest Wall Street Firms. The big problem I have is that we are bailing out these large Wall Street Firms and the leadership who destroyed these large firms are still in charge. The American people are tired of our government giving there money away to the so-called best and the brightest so, they can keep on making the same business mistakes that has put us on the brink of a depression. The only people who seem to be hurting is the middle and lower level employees at these large firms who are losing there jobs at a record pace because of the lack of leadership from these corporate executives. Therefore, when these companies take a piece of the government bailout package their should be a requirement that you cannot layoff thousands of employees. Finally, I know that there are people out there who say there is no law on the books against a firm for being incompetent but, there is a law against hiding the real value of the corporations stock and the value on the stock market.

BUY AMERICAN "THIS CHRISTMAS SEASON"

This Christmas season try and buy American. I know that it is extremely difficult to find products that are made in America but, is is essential that we support American workers through these difficult times in the American economy. I am so, tired of taking a product off the self and finding that it was made in China. The United States Government "Sold Out" the Average American worker in the late 80's early 90's to the large American Corporations who wanted to move there manufacturing base to China. These free trade deals help destroy the American Manufacturing base in states like Ohio, South Carolina and Pennsylvania. I believe in free trade but, can we get a deal that is beneficial to the average American worker so, that they can have some job stability for the next ten years. The same companies who are standing in front of Congress today asking for a bailout are some of the same companies who supported the Free trade deal to China so, the they can get cheap labor. This is why I have no sympathy for any of these companies because, they had no regard for the average American worker and there families. The only time that these companies show economic patriotism is when they are standing in front of Congress asking for another bailout. Therefore, these large Corporations, did not care about the average American worker when they were making profits. Finally, we have to pull together to help each other through these struggling times and if you find a product that is made in America buy that product because, you might be saving a "Average American" worker there job.