Recession fears grow after S&P downgrade hits fragile economy

(AJC business reporter Michael Kanell and I wrote the following story for Sunday’s paper.)

Economists worried Saturday that the nation’s already hobbled economy may be stumbling back toward recession after a tense week that ended with the unprecedented downgrade of the U.S. credit rating.

Friday’s downgrade was only the latest — and perhaps most embarrassing — wound, following a near-default by the federal government, a 513-point tumble in the Dow Jones industrial average and increasing financial troubles in Europe.

“I put down 25 percent as the chance of recession,” said Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University. “If you asked me three months ago, I would have put down 10 percent.”

To understand the downgrade, follow the signals on Wall Street, he said.

“I would like to watch the stock market for the next three days,” Dhawan said. “It could turn out to be a non-event. But the economy is very fragile.”

Some experts judged the chances of recession as high as 80 percent, which could set off another round of foreclosures and bankruptcies.

Experts define a recession as a contraction of the economy — a loss of production as well as jobs. The latest national recession — a brutal decline that destroyed more than 8 million jobs — officially ended two years ago.

But growth since then has been weak, and that can feel a lot like recession. And a slow-growing economy is vulnerable.

“It really looks like we are getting a protracted period of low growth that could give us recession if it’s not managed well,” said Emily Sanders, president and CEO of Sanders Financial Management in Norcross. “And right now, it doesn’t look like it’s being managed well.”

The 11th-hour debt deal reached last week might have been good for cutting future deficits, but by cutting spending in the short-run, it will hurt job growth, she said.

“There isn’t anything in the new debt deal that will give us more employment,” she said.

Sanders has been shifting her clients’ assets away from stocks and into cash. But the recent retreat in stock prices has made some companies look like a bargain, and she said she has “started to selectively buy.”

Jack Markwalter, CEO of the Atlantic Trust wealth management firm in Atlanta, said he doesn’t expect another recession. But to ensure the country doesn’t fall into one — and instead start creating more jobs — he said, the “political paralysis” evidenced during the debt talks must end.

A bipartisan approach, based on compromise, is needed to reach a long-term plan on the debt that will restore business confidence to invest in jobs, Markwalter said.

“We’re constrained by the political inability to respond to the problem … and weak leadership,” he said.

The Standard & Poor’s downgrade, he hopes, will be the necessary “shot across the bow” to change the dynamics in Washington.

If that happened, he said, business confidence would rise and some of the $2.5 trillion in cash that companies are stockpiling may be spent, creating jobs.

But more than confidence or the cost of borrowing, most companies are just waiting for business to get better, said economist Roger Tutterow of Mercer University.

“I don’t think there’s any business that thinks that interest rates are too high and that is holding them back from investing or hiring,” said Tutterow, who raised the probability of a renewed recession to one-in-three from well below 20 percent.

One reason that economists are becoming more pessimistic is that the odds of a dramatic government intervention to spur the economy are low.

The Federal Reserve, which controls money policy, already has used various means to lower short-term and long-term interest rates. Those measures have had limited impact on job growth.

On the fiscal front, the 2009 stimulus package was followed by an end to the huge job losses but only timid hiring. There is little political support for another stimulus.

Instead, Congress and the White House have spent the past several months engaged in what many see as a political fiasco. Angry negotiations on how much spending to cut and how to cut it almost led to the nation’s first-ever default.

For metro Atlanta, which in recent months has barely begun to emerge from a three-year downturn, the prospects are even gloomier than the national picture, Tutterow said.

“We have been lagging, and I think we are likely going to keep lagging,” he said. “That is simply because real estate was so important to the Atlanta economy.”

When the housing bubble burst, jobs evaporated in the region by the tens of thousands, lost especially from construction, but also banks, architecture firms, legal services and other companies.

The immense overhang of foreclosed homes — and the huge drop in home values — also hammered households across the metro area.

The metro Atlanta economy cannot rebound until housing comes back and that will not happen for a long time, Tutterow said. “And for middle-class Americans and Atlantans, a lot of their perceived wealth is tied to their home value.”

Until the real estate market stops dragging the economy down, the region’s recovery will be sluggish at best, economists say.

Metro Atlanta lost 265,800 of its jobs — a staggering 10.8 percent of the total — between 2007 and January of this year. Since then, growth has been modest — about 34,000 jobs.

Meanwhile, the unemployment rate, which seemingly peaked at 10.7 percent last year before dropping, has climbed back to 10.5 percent, according to the Bureau of Labor Statistics.

That bitter statistic only partly reflects reality: It does not include about 88,000 people who have dropped out of the metro labor force entirely in the last three years.

The national economy started shedding jobs in early 2008. Those losses accelerated. In the last three months of that year, almost 2 million jobs evaporated.

Job losses slowed in mid-2009, but there was no job growth until 2010. Since then, roughly 1.9 million jobs have been added.

Nationally, the economy added an estimated 117,000 jobs last month, the government reported Friday. While better than expected, that number still falls far short of the job growth needed to meet demands of a growing population while putting a significant dent in the unemployment rate.

“To get back to the pre-recession unemployment rate by the middle of 2014, we would need to add roughly 400,000 jobs every single month between now and then,” economist Heidi Shierholz of the Economic Policy Institute said in Friday news release. “In other words, we need jobs to grow more than three times as fast as occurred in July, just to make it back to the pre-recession unemployment rate three years from now.”

– Henry Unger, The Biz Beat

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59 comments Add your comment

Bobby Blue

August 8th, 2011
6:43 am

Wait a minute….. So the first one did originally end?

Tom E. Gunn

August 8th, 2011
6:44 am

It is amazing to me how politicians and economist can continue to be surprised by the rate of job growth? Due to NAFTA, and the influx of 5 million ( or what ever the REAL number is ) aliens taking jobs that are here, THERE ARE NO JOBS! The housing economy was driving the service industry jobs, which is where all the job growth was. Stop and ask yourself, what do you buy that is made in the USA? Then you will realize where the jobs are.

Mark in ATL

August 8th, 2011
6:54 am

This Hope and Change are something we can believe in……….but when did the first recession end?????

destin dawg

August 8th, 2011
7:06 am

they just don’t get it !! Can’t be anti business and create jobs while adding Taxes, regulations, etc… Class warfare… can’t be pro union and create jobs… Unions don’t don’t expand the pie… they just cut it up…. we can’t all work for the Gov’t.. we need private sector jobs.. No leadership… look at the world markets…. no confidence… I have no HOPE.. and little CHANGE left !!!!


August 8th, 2011
7:13 am

I just blame everything on Bush and you morons buy it. :)


August 8th, 2011
7:22 am

When there is a republican in office, the media does not observe the nicities of following the actual definition of a recession…GDP declines for two quarters in a row…but will be sticklers forever with a Democrat in the White House.
Obama is presiding over the weakest recovery in my memory. He inherited a difficult situation but his policies have only served to make things worse. Traditional liberal ideology always results in stunted growth, a lagging private sector and soaring deficits. And Obama is a traditional liberal.
He sees government as a wise and powerful solution. He sees business as the enemy. He has no clue where jobs come from or go. He looks at the world through a lens of “omnipotent judge”, trying to create “fairness” instead of being a wise steward trying to create freedom and opportunity.
Obamanomics has failed.


August 8th, 2011
7:32 am


August 8th, 2011
7:35 am

Seriously, whose idea it was that the first recession had eneded?! Truth is It never did…


August 8th, 2011
7:48 am

tom e gunn: there are no jobs? i can’t find competent people to work at my restaurant for $10 per hour. Maybe our country sucks b/c too many people blame others instead of looking in a mirror. U.S. is still the largest manufacturer of goods in the world, and not by a small margin. i believe by at least 6%, which is huge. also, i purchase only american made equipment at my restaurant, not b/c i’m patriotic, but b/c the equipment made here is much better than equipment from china or mexico. Before blaming the illegal aliens, the government, or your neighbor, look at yourself first.


August 8th, 2011
7:53 am

tome e gunn: my point about buying american equipment is about leaving the consumer to purchase the best available product for the money. putting more restrictions on trade will not increase the quality of our products. getting rid of illegals will not improve the job outlook. look at our farmers in south georgia, for $10 per hour, they couldn’t find nearly enough people to pick the crops. shut up about illegals taking jobs that were meant for you.

Tom E. Gunn

August 8th, 2011
7:56 am

Tell the people in North Ga, or North Alabama the factories are still running. How many EVERDAY items do you buy that say made in USA? Don’t get started on the illegals! And where is your restaurant? Did you locate near low income housing or on a bus route? If not don’t be surprised when you can’t find help at that wage.


August 8th, 2011
8:12 am

Tom E. Gunn, we are not living in 1950. It’s a global market. let the best product for the price win. we either adapt or complain like little girls. BTW, most of the factories that are closing in north georgia is textiles in the home improvement or building sector, i.e, rugs, woven fabric, etc…. those jobs disappeared with the housing crisis. and by the way, most restaurants pay $7.25 an hour to clerks. i choose to offer more. my restaurant is called McDonalds. have you heard of it?

native atlantan

August 8th, 2011
8:13 am

Too late to make changes in my 401k which is down 15% right now, otherwise my money is staying in cash for now until I see this mess turn around.


August 8th, 2011
8:14 am

Obama’s priority was “Healthcare Reform” for 2 years; he wanted to go down in history, being the first President (as we know, several have tried and failed) to accomplish this daunting task. He’ll go down in history alright, being the first President to get our AAA rating lowered! I can’t wait to her him explain this one!



August 8th, 2011
8:17 am

Tom E. Gun, are you willing to pay triple for your hunting jacket b/c it was made here? i didn’t think so. You sound like an economic socialist pig. you can’t even out competition by eliminating the competition and expect the same quality of goods. We will never return, NEVER, to making little plastic toys. let the chinese do it. when inflation goes up in their country due to their own success, then, another developing country will grab the baton and make the stupid little toys.


August 8th, 2011
8:19 am

nokiddingsherlock, where is your McD’s?, my renter needs a job fast, or things don’t end very well for him in 60 days.


August 8th, 2011
8:21 am

Disgusted: we can only hope Obama doesn’t do a second tour. as a business owner, i am very fearful of the new health law. it will have a huge negative impact on my business.


August 8th, 2011
8:23 am

rapidEvictor: LOL i’m in snellville.


August 8th, 2011
8:31 am

Tom E. Gunn: i agree with your loss of patience with the government and the way some companies behave. i just don’t agree with over regulating how companies do business. if they send jobs overseas, then we, as consumers, should punish them. i did. I dropped a AT&T b/c i couldn’t understand the customer service reps from India. I will not fly with Delta, they also route customer service calls to India. This is how i deal with companies not utilizing the resources we have here. This should be a choice from the consumer, not more regulations.

Free Enterprise

August 8th, 2011
8:31 am

Looking for a job is definitely a waste of time! Out of 100s of resumes I’ve submitted not 1 call back and bills keep coming like a woman’s menstruation!

So, instead of crying like a little girl I turned to “cash cropping” if you know what I mean. F a job!


August 8th, 2011
8:35 am

congrats to the GOP, instead of coming together as a unit congress, the whole agenda and they said it in words and deeds was to crush President Obama, and that they wanted him to fail, well I’m here to tell you when you dig a grave for your brotha you better dig two because you are going in too. Things were definitely looking up if you have a Stock portfolio you were making bank. Now with the Tea Party and the Dept Ceiling mess things are slipping back to 2007 levels. Pat yourself on the back GOP, you are suceeding on your campaign promise to do him in.Now that you have done that what are you going to do to make the country better. You have no answers, no solutions all you people can do is hate and I’m hope the American people are wise to you.


August 8th, 2011
8:41 am

How can this not be the fault of the Tea Party and the GOP? They OPENLY STATED that they were willing to default on our obligations. Seems pretty obvious a downgrade of the credit rating would ensue.


August 8th, 2011
8:55 am

Obama can use this as a wake up call to rally the nation to greatness again. What does he do? He chastises S&P and blames them. This sums up his leadership. 2012 can’t get her soon enough.


August 8th, 2011
9:04 am

I work in foodservice and volunteer for a couple of non profits. I don’t have a checking account; my car is paid for and life isn’t half bad. It could be better.You guys could make it so if you would quit arguing with each other. Your beerless leaders are laughing at you while you die of a thousand cuts as they grow and don’t bleed.


August 8th, 2011
9:04 am

OK, here we go. Becasue I think Obama is the world biggest dumb ass, you want to call it hate.

After 2 1/2 years you are starting to understand how you cant keep blaming everything on Bush.

So now you blame the Tea Party. Get use to it, we are taking our county back. The moden day plantation is going away. Deal with it.


August 8th, 2011
9:13 am

S&P said that they believed the “deal” was inadequate to address the fiscal problems of the US economy. We committed to government spending at a rate that we cannot afford and those commitments are about to grow quckly if we don’t do something about it. S&P simply said that they don’t see the political guts to address the problem. Silly people who blame the tea party are not looking at the facts. The tea party folks did this country a greatr service in bringing the issue of government spending to the fore front. Until this downgrade, it was clear that Obama and the democrats did not care.
Now we will have to work out how to address the demands of our social programs and the implications on growth and consumption of raising taxes.
A few things are clear.
1. SS and Medicare must be reformed. Hopefully this can be accomplished by restricting escalators and not cutting actual benefits
2. Milatary spending will have to be reduced. Those who want to gut the pentagon are out of touch with the dangers of the world and the consequences of their meat axe approach. On the other hand, we will have to adjust the size of our military to move forward.
3. Discretionary spending will have to be cut. In real terms. Obamacare was an expensive expansion of entitlements that we cannot afford.
4. Taxes will have to be reformed. There are far too many exceptions and engineered options in our income tax system that create economic distortions, reducee revenue and create the impression of unfairness. I would hope that we might be able to agree that those with more should pay more but that everyone who has income should pay taxes on that income. We need some fundemental fairness in in the code so that some of us are not able to tax the rest of us.
This will be painful, but hardly catastrophic. Demagogues will rile up the troops and create emotions that will make any solution impossible. Use of language like terroists does not help us move to a solution.
Will Obama lead? Or will he put being a liberal democrat above being our President? We went throug the whole debt debate and he had no plan. Neither did the democrats. They need to put a real plan on the table.

The Answer Is

August 8th, 2011
9:18 am

DO NOT VOTE for any incumbent, period. Local, State or National. We MUST get rid of these career politicians!!! How many times do we need to be hit in the head with a hammer? Please help and do your part, vote out all of the incumbents be they democrat or republican. THAT IS THE CHANGE WE MUST MAKE!!!!!!!

The Real Fletch

August 8th, 2011
9:18 am

I am a little confused as to when the last recession ended as well…modest gains shouldn’t be considered the “end of the recession” IMHO. To blame the GOP is pretty mindless when the meat of the issue in its entirety is a 35% increase in national debt and 114T in unfunded liabilities coupled with an economy that is growing by fractions of a percent. We’ll just keep blaming each other till the whole thing collapses. I think we need to raise taxes; I don’t like it but we are painted into a corner. However, that is not enough, we need to make some pretty hard decisions on spending and funding – this is something the Dems have a lot trouble with. The Tea Party and the super Liberal are very similar in their attitudes and obsitnance; neither willing to make meaningful concessions.


August 8th, 2011
9:24 am

How do you like behind closed door politic,s now my friend,s? While you were hiding money under the table cheating the system you brought it upon your self,Corporate America owns you now!,Good Luck.Go Tea Party.


August 8th, 2011
9:46 am

I have read two theories about what ended the previous depression, FDR’s social programs or World War II. Both have one thing is common massive Government spending. Instead we seem to have
a Tea Party led desire to return to Herbert Hoover’s failed policy of government inaction. People,
we need to remember the poet’s warning “Those who forget the past are condemned to relive it”.


August 8th, 2011
9:49 am

Who cares, keep on printing and spending, what could possibly go wrong. Right libs?


August 8th, 2011
9:54 am

How much is this now Obama’s war a week? 5Billion? No need to do the math!! Very slow return of our solders on the top of that. Whatabout corporate tax policies, that benefit only the US government! ( Not The People, not FOR THE PEOPLE!!)That is why corporations do business outside this country. Can this be changed? Yes, but not with this devided, and disfunctioning congress.


August 8th, 2011
10:10 am

Our government is a reflection of our values. Will the dim-witted dumb a$$ American become extinct ? Or will we continue the transformation into Tea Party Patriots led by Ru$h Limbaugh armed with his high school diploma.

New hoe And Change Needed

August 8th, 2011
10:16 am

As long as the poor people can have HBO and IPhones…thats hte imprtant thjing. They cannot afford healthcare but can afford Viginia Slims and HBO.

And our president fights for these people. I mean how can anyone say they think Obama is doing a great job with a clear concience?


August 8th, 2011
10:33 am


Last I heard, Rush was pretty successful and signed an $80 million contract several years ago. Plus, he gives lots to Marine Corp (that’s pronounced “core”) and other charities.

So if he has achieved that level of success “armed with his high school diploma”, I’ll bet you’ve achieved a lot more.

Will you please share it with us?

New hoe And Change Needed

August 8th, 2011
10:39 am

Who cares if someone went ot college. I care about the platform of the parties nd right now the tea party is the only platform that is pushing for real Hope and Change.

Reduce union power, cut abusive tax evasion, cut abusive entitlement theft, make criminal punishment a deterant to doing crime, make the US a tax friendly place that business will wan tot flourish in.


August 8th, 2011
10:44 am

President Obama is having another fund raiser tonight. So much for pivoting to jobs.

And then shortly he’ll be taking his corporate jet to Blue Hill Farm on Martha’s Vineyard. $30,000 per week I hear.

And the DJIA is down 350 points. Which is the Tear Party’s Fault as we all know. Or Rush’s. Or….


August 8th, 2011
10:46 am

Glad you updated your moniker to “hoe and change”.

The old was was getting as tired as Obama’s rhetoric.

But if you think it’s funny, that’s OK. But you’re the only one.


August 8th, 2011
10:51 am

We’re far beyond any recession here. This is “Depression 2.0″, and it will only get worse. BTW….this isn’t mere happenstance, but rather by design of the Globalist Elite who seek to dismantle our Constitutional Republic. To achieve this goal, they’ve green lighted the destruction of the U.S. manufacturing base via (traitorous) “free trade” agreements like NAFTA, CAFTA, etc. Now, they aim to take apart the (fading) middle class thru this manufactured depression, Central Banking Cartel, the illegal invasion & mass in-sourcing (of 3rd rate H-1B workers). It’s all by design…so the Elite’s long sought totalitarian dystopia can be implemented.

Uncle Tom

August 8th, 2011
10:56 am

F U republican trash

Big Money

August 8th, 2011
10:57 am

For the bad economy, should I blame:

a. George bush
b. Republicans
c. Tea party
d. All of the above
e. Only Republicans and tea party


August 8th, 2011
11:04 am

“That bitter statistic only partly reflects reality: It does not include about 88,000 people who have dropped out of the metro labor force entirely in the last three years.”

I believe a large number of those drop outs are illegal aliens (”undocumented workers”) who departed the metro area because of the poor economy. If that’s the case then the net result is positive in terms of public services (schools, hospital emergency rooms, welfare) and crime.

Jim Crow

August 8th, 2011
11:10 am

F U Democrat Garbage.


August 8th, 2011
11:17 am

Folks, don’t buy into the (bogus) “Left vs. Right” paradigm. It’s leveraged as a control mechanism by the Globalist Elite…who control BOTH GOP & DNC “leadership” (2 sides of the same coin).


August 8th, 2011
11:23 am

What we need to do is a wholesale de-worming of the government, then the private sector and small business will have the confidence to get our economic engine going again.

Obamanomics at work

August 8th, 2011
11:36 am

What did you really expect from a potus who has never worked on a budget in his life and had zero executive experience coming into office.

Doesn't matter

August 8th, 2011
11:48 am

It doesn’t matter which party wins. This system just doesn’t work because we don’t have leaders anymore, only politicians. Really its our own fault. We vote these crooks in then leave them to do as they please. 200 years ago we would have been at the white house with torches and pitch forks for a lot less than this.

It’s amazing how we boast if this party or that won things would have been different. It wouldn’t. We’d be in the exact same spot with McCain, Obama, or Bozo the clown. Nobody has a clue how to get this train wreck back on track.

We’ve been spoon fed bad health, reality tv, faulty education, laws that promote divorce, family disruption, bad kids, and now the seeds that were planted have born fruit. And we gobbled it up.

Everyone wants to come to america to be free but freedom is never free. We’ve paid with our broken families, broken homes, and shattered dreams, and now we sit at the doorstep of collapse. Ultimately a country where everyone has rights means none have rights. Cultures that have endured for 100’s of years come here and are fractured within 10 years. Though you do have fun in the process.

What’s really amazing is our military is currently stationed in 140+ countries worldwide, and ours is on the brink of collapse. Its probably better that way. Now when we turn on each other it won’t be our own army forced to eliminate us, it’ll be our neighbor.

Btw, good morning everyone. It’s beautiful outside. LOL


August 8th, 2011
12:28 pm

Wow. Can we at least blog about the issues instead of attacking one another? Really? This just proves that if we could only redirect our anger from one another to the issues facing this country, then we would acheive “BIPARTISANSHIP.” At the rate that we belittle one another, then we as a country have failed. And right now, I don’t think anyone on this blog can argue that point.

Let’s face facts, Bush, although I was not a fan, was the sitting President when these shenanigans started. We as Democrats SAID NOTHING. Bush deregulated the Banking Industry, again DEMOCRATS, we SAID NOTHING. Our budget surplus disappeared overnight, DEMOCRATS, we SAID NOTHING. However, when the Bush years ended,the push came for CHANGE. I never saw a more unified country on that election night. In all my 50 years. But it was only one night.

Since President Obama has been in office, at almost every turn, it has been political warfare. It has been on to discredit him and play on the fears of the citizenry. A birth-certificate? Really? This country needed relief from out of control healthcare costs. Something to help everyone, no matter what your party affiliation was. Instead, we the people got a watered down version that is still being challenged by one segment of the Republican party. Ever wonder why? President Obama advocated for better education opportunities for our nation. Instead we have a full on attack to limit and cut even further the DOE. Now I ask any of you, who would locate a corporate business, plant/factory, in a region with uneducated employees? Our involvement in unwarranted wars, President Obama came to the American public with the truth. These wars were not paid for. We were hemoraging billions of dollars, but these wars, that caused the deaths and injury of thousands of our nation’s best (ex-Army, Hoo-Rah), were not even on the books. I don’t know about you brothers and sisters, but when my financial house is out of order, I want to know everything that I owe to formulate a plan to pay it off. Instead we got attacks on unions and CBA’s. The vehicle that created the middle class, where most of us came from.

We have an FAA shutdown, happening now. We have cities literally dying (R.I.P. Detroit). We have been downgraded people, from AAA to AA. For our political differences. Our idealogies. Our fear of one another. I, and many others, see it as our inability to work together. Our disrespect of one another. Our at-oddsmanship. The unwillingness to compromise for the greater good. Face it folks, no one can have everything they want. NO ONE.

But the crazier thing is we have no jobs. We have no means to provide for the most important thing that we all covet, our families, our kids, our lives. All in the name of political gamesmanship. I’m a liberal and know that I cannot have single payer healthcare, my brother, the Tea Partier, knows he cannot dissolve government. But we agree to disagree, and then work together to find common ground with compromises on each side.

Why can’t we do that as a government? Why can’t we do that as people?

Cannot say right now

August 8th, 2011
12:57 pm

When we allowed ourselves to fall into the trap of “Vicitimization” EX: It is not Billy’s fault he killed the girl, his Daddy beat him. It is not her fault she (the teen) was driving drunk, she made a bad choice because she is from a single parent home.

NO people….it is their fault because they made choices.

Just like this mess is our fault for allowing it to happen. We stopped holding our politicians accountable too.

Can it change? SURE. It will take real work though.

TAKE BACK OUR SCHOOLS….Stop defending those APS morons and demand the kids be educated.

TAKE BACK OUR JOBS….Demand that the Government yes tax incentives give those big bad Corporations a reason to bring work back to the US.

TAKE BACK PARENTING…Demand the right to discipline your child–discipline not beat–without fear of being locked up.

DEMAND that real VICTIMS get the help they need…go back and talk to your neighbors and befriend them. So that if a child is in a bad spot, YOU can be there for them to go too and help them get the help they need.

We can sit and blame this group or that one all day long.

However, until WE THE PEOPLE demand our liberties….they will be revoked.

hen in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — The Declaration of Independence

Or to quote the music Claude-Michel Schönberg & Alain Boublil from Les Miserables–yes I know that was about France!—

Do you hear the people sing?
Singing a song of angry men?
It is the music of a people
Who will not be slaves again!
When the beating of your heart
Echoes the beating of the drums
There is a life about to start
When tomorrow comes!

Will you join in our crusade?
Who will be strong and stand with me?
Somewhere beyond the barricade
Is there a world you long to see?

Then join in the fight
That will give you the right to be free!!

In this case the “fight” is with the ballot and getting off your butt and getting active in your community!


August 8th, 2011
2:32 pm

“I never saw a more unified country on that election night. In all my 50 years. But it was only one night.”

Really? What kind of “high” were you “on” that night?

When a group of people vote for a man for the wrong reasons, THIS IS WHAT HAPPENS!!! Obama should have NEVER been put into THIS position, and the people that voted for him only have themselves to blame. We needed someone with a large bit more experience, someone that would have projected confidence not arrogance, someone that would have put the country first instead of his own agenda – THAT is who should have been elected. Heck, Hillary would have been a better President.

Timing is EVERYTHING. A President Obama in better economic times, lets say 12 years later would have been the thing to do. A President Obama with more experience would have been better for our country. The impatience of a moronic voter base has help to further destroy our nation. Yet, somehow a large majority still has their heads buried deep, somewhere! The irony is the people that are hurt the most are the very people that voted for Obama, but you would never get this ilk to admit their mistake.

I hope the worshippers WAKE UP and convince Obama not to run for re-election. I HOPE President Obama realizes this and does the right thing for our country so that real CHANGE can happen SOON!