First, Meredith Whitney buckled under the intense criticism of her assessment last year that many municipalities would go bankrupt. I guess since that particular shit didn't hit the fan within a standard 3 month/one-quarter time frame, Ms. Whitney's confidence crumbled. Well, last week this item hit the newswire, and I'm sure it wasn't reported on CNBC/Bloomberg/WSJ/Barron's: LINK Ms. Whitney was right, now she has to grow some "brass."
Second, the Government "one-upped" itself. Currently it pays unemployed workers, who qualify for benefits, to not work. One can get paid not to work for up to three years now. May as well let Mexican workers sneak in to the country and be vilified for doing the jobs that those who are getting paid not to do those jobs taken by the "illegals" would otherwise have to take if they weren't getting the Government welfare payments (unemployment benefits are indeed "welfare"). So now the Obama Administration is implementing a program that lets employers hire jobless benefits workers as temps AND enables these workers to continue receiving welfare. In other words, the Taxpayer is going to pay for temporary workers to work at no cost to employers who take them on: LINK Whoever said there's no such thing as a free lunch has never met Barack Obama or the U.S. Government.
Speaking of free lunches, Michelle Obama's luxurious travel schedule has been a point of irritation for me since Obama was inaugurated. Talk about milking the system. The Taxpayers are constantly paying for her, her friends and all the security involved while she takes vacations normally taken by wealthy trust fund heiresses and nouveau riche trophy wives. It's beyond appalling. In January she was in Aspen for a long holiday weekend courtesy of the Taxpayer. I doubt she even knew what Aspen was before Barack Hussein was anointed El Hefe.
Today, someone sent me this snapshot of an ad someone placed in the Panama City (FLA) News Herald back in February: