Student Fears in Jobless America

Barack Obama, the US president, sounded a positive note on Friday following the reports of a rise in regional employment opportunities when he spoke to workers at a company in the state of North Carolina.

The president said the US economy still had a long way to go until it fully recovers, and that many people were still suffering the effects of the recession.

Among those facing grim employment prospects are university students. With graduation time approaching, those leaving school are entering a bleak labour market.

Al Jazeera‘s Rob Reynolds visits a group of students to hear their concerns about the future.

 

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Limbaugh on Market Collapse: Obama Engineering the Decline of America

Rush Limbaugh booking photo from his arrest in...

Rush Limbaugh

Top-rated talk radio host Rush Limbaugh finds a “silver lining” in the downgrading of America’s credit rating: There no longer is any doubt that President Barack Obama can be roundly defeated in 2012.

“Obamageddon — that’s what we have witnessed since Friday,” Rush told his listeners on Monday.

“Obamageddon. Barackalypse Now. The only silver lining I can find is that as far as 2012 goes, Obama’s a Debt Man Walking. Anybody want to tell me he’s not landslidable now?

“Let me repeat this as the Media Tweak of the Day: ‘What we have witnessed since Friday is Obamageddon, Barackalypse Now. And the only silver lining out there is that as far as 2012 goes, Obama’s now Debt Man Walking.”

In his blistering attack on Obama and the Democrats, Limbaugh asserted that “we have a president that’s overseeing — engineering — the decline of the American republic.”

He also charged that Democrats are trying to play the blame game against Republicans over the financial crisis.

“Obama is always running around complaining and whining and moaning about all that he inherited from George W. Bush,” Rush said.

“Well, he inherited a AAA credit rating, an unemployment rate of 5.7 percent.

Editor’s Note: Some experts fear that 50% unemployment, a 90% stock market crash, and 100% inflation are on the horizon. Watch the Aftershock Survival Summit Now, See the Evidence.

Limbaugh’s comments came the Monday after Standard & Poor’s downgraded the U.S. credit rating from AAA to AA-plus , and the Dow tanked 634 points. Obama blamed the downgrade on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.

Obama stopped short of sharp criticism of Standard & Poor’s for its downgrade of U.S. debt to AA-plus from AAA on Friday. Senior administration officials have accused S&P of going ahead with the downgrade despite a $2 trillion mathematical error.

“Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we have always been and always will be a triple-A country,” Obama said.

As Obama spoke, stock markets were registering another steep decline, dropping more than 450 points in afternoon trading.

A joint bipartisan congressional committee, to be formed under the legislation passed last week that averted a government default, is to report its recommendations in late November on how to cut $1.5 trillion in spending over a decade.

Obama said he would offer his own recommendations for fixing the problem and cited again the need to raise taxes on wealthier Americans and make modest adjustments to popular but expensive entitlement programs.

Limbaugh took the president’s comments about the S&P, and threw them right back.

“What are the Democrats doing? Blaming the referees! Blaming Standard & Poor’s! That always changes the outcome, doesn’t it? Blame the refs.

“So go ahead and blame Standard & Poor’s all you want, Democrats. Now they’re blaming the military! Barney Frank and the Democrats are trying to say it’s the military’s fault that we’ve been downgraded.

“This is the fault of the Democrat Party,” Limbaugh said, exasperated.

Limbaugh went on to say: “So now we know what Obama got for his birthday: A downgrade of our credit rating, probably exactly what he wanted in his heart of hearts . . .

“World War II, we had a AAA credit rating, and we lose it now, and for what? For what great purpose did we lose it? Except an ideological hatred of American capitalism and a love of class warfare, what did we lose our AAA rating for?

“Think about it: Obama’s finally managed another major accomplishment on that list he told us he had, that list that he said he’d only done about 70 percent so far. At long last, Obama and his fellow Democrats have finally been able to convince the world that we are just another country, after all. There’s nothing exceptional about us or our economy.

“For crying out loud, France has a higher credit rating than we do. France! They produce cheese and perfume, for crying out loud!”

But one person who does not buy into the theory that Obama is deliberately undermining the economy is Donald Trump. The billionaire developer said on Monday that the president is incompetent not malicious.

“There is a theory that he is doing it on purpose but I absolutely do not believe that. He’s just ill-equipped to be president,” Trump told New York’s WOR radio. “Tremendous wrong moves are being made.”

Host Steve Malzberg asked him if he thinks that Obama takes a sip of champagne every time a trillion dollars goes out of the economy.
“No, I really don’t,” replied Trump. “You just have a president who is not doing a good job.”

Read more on Newsmax.com: Limbaugh on Market Collapse: Obama Engineering the Decline of America
Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!

‘Aftershock’ Book Predicts Economic Disaster Amid Controversary

Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers.

Initially screened for a private audience, this gripping video exposed harsh economic truths and garnered an overwhelming amount of feedback.

“People were sitting up and taking notice, and they begged us to make the video public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.

But that wasn’t as simple as it seems. Various online networks repeatedly shut down the controversial video. “People were sending their friends and family to dead links, so we had to create a dedicated home for it,” DeHoog said.

(Editor’s NoteWatch Bob Wiedemer’s Aftershock Survival Summit video

This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he was one of three economists who co-authored a book correctly warning that the real estate boom and Wall Street bull run were about to end. A prediction Federal Reserve Chairman Ben Bernanke and his predecessor, Alan Greenspan, were not about to support publicly.

Realizing that the worst was yet to come, Wiedemer and company quickly penned “Aftershock.” However, just before it was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.

“We got lucky,” DeHoog said. “I happened to read the original version, which contained this ‘unpublished chapter,’ which I think is the most crucial in the entire book. Wiedemer gave Newsmax permission to share this chapter with our readers.”

With daily economic forecasts projecting doom and gloom and no recovery in sight, people need to learn how to survive economic disaster. During the past quarter alone, unemployment skyrocketed to 9 percent. Inflation continues to soar and the U.S. national debt crisis is still on the fence between raising the debt ceiling or massive budget cuts, with no resolution in sight.

During Newsmax’s Aftershock Survival Summit video, Wiedemer discusses the dire consequences of Washington, D.C.’s, bipartisan, multi-decade “borrow-and-spend” agenda. He also explores the inflation nightmare, the impending plunge in home prices, the looming collapse of the stock and bond markets, a possible historic surge in unemployment, and how to survive what life in America will be like in the days of the “Aftershock.”

Despite appearances, Aftershock is not a book with the singular intention of scaring the heck out of people. Although it does provide a harsh outlook for the economic future of America, the true value lies in the wealth of investment tips, analyses, predictions, budget advice, and sound economic guidance that people can act on immediately, offering a ray of recovery hope and an indispensable blueprint for life after shock.

Viewers of Newsmax’s Aftershock Survival Summit video heard detailed advice for handling credit card debt, home and car loans, life insurance, unemployment issues, how to beat inflation, making personal budget cuts and many more recovery tools to survive the economic aftershock. They also took advantage of a special Newsmax offer for a free copy of the new edition of “Aftershock,” which includes the final “unpublished chapter.”

(Editor’s Note: Watch Bob Wiedemer’s Aftershock Survival Summit video

For a limited time, Newsmax is showing the Aftershock Survival Summit and supplying viewers with free copies of the “Aftershock” book (while supplies last).

Read more on Newsmax.com: ‘Aftershock’ Book Predicts Economic Disaster Amid Controversy
Important: Do You Support Pres. Obama‘s Re-Election? Vote Here Now!