Well, to this date he’s been unable to get a loan even though he’s got other real estate property to use as collateral.

The property which the house being built on is worth 3/4 of a mil by itself, yet the banks won’t lend on it until the house has (at a minimum) an occupancy permit.

He’s been funding the construction with proceeds from a small restaurant and an Architectural salvage business that he’s owned for the past 4 years.

But since business at both of those have slowed down he has now reached the point where he can’t guarantee the construction crew that he can pay them in full each week so whether any of them (besides me) show up for work tomorrow remains to be seen.

And yes, he’s a self described die-hard liberal who voted for Obama, (I didn’t) and gets his news from CNN and the LATimes, so of course he blames Bush for the banks not lending him money.

He won’t even watch the video of the senate hearings regarding Fanny and Freddy, (where the regulator was getting hammered by the dems for having the nerve to suggest that there was a problem with either of them).

Recently though, he has stated that he’s not sure Obama knows what he’s doing on the economy!

Regardless, there are another 15 small business employees out of work in Los Angeles today.

The rise in unemployment after the crash of 1929 was a blip compared to soaring unemployment reached after a series of unprecedented government interventions by Hoover and Roosevelt. From February 1932 to December 1934 (almost 3 years), the unemployment rate was at least 20%, and was 19.3% in January 1935.

The evidence suggests that it was not the financial crisis in 1929 that caused massive unemployment, but politicians’ attempted “solutions”. Are we repeating that history now?

And, what is causing it now (CNBC):

Small business owners are standing by the fence and watching, paralyzed by regulatory uncertainty. They aren’t hiring precisely because of government intervention in the economy. So-called stimulus won’t change that.

Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s agenda has mortified almost every machine of job-and-growth creation in the country.

The One couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly, and regardless of his image in the press, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings.

And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats will face a bloodbath in 2010.

There are no Alinsky Rules for Running an administration. The Axelrod cadre did not include any skilled managers or executives. It just handed supporters a title. What even the press starting to note, aside from recognition of the suicidal expenditures, is the evidence of internal chaos, conflict of authority, riding off rapidly in all directions, confusion of an out of control, planless egomania. The rats will soon be jumping ship as panic sets in.

I believe the GOP has he elements of a plan in the minds of a few reliable thinkers. Unfortunately the RNC is a hopeless, sclerotic, mess of witless, classless, swampy-bottomed elitists. They are as mistrusted as the Democrats, and rightly so. Anyone who would turn to Carl Rove for strategic counsel, the genius who kept Geo. W. from having regular, frequent “fireside chats” and press appearances after 9/11, who let hit him fly over Katrina, peering compassionately out the window on his way to a dinner in DC, instead of putting his feet on the ground in New Orleans, deserves to lose – again. Any GOP that thinksit can gain ground in ‘010 by nuanced persuasion on “issues” is terminally self-delusional.

The movement exemplified by the Tea Parties is not simply anti-Obama, anti-socialist; it is anti-same-old GOP/RNC politicians.

Put your money on Palin. She’ll have a simple plan and lead the Exceptionalists to a balance of power that will force the dead-asses out of the Republican party next year.

1. The current surging fuel cost (World oil prices doubled during the last 6 months) is overwhelming the market rally.
And the pending clean energy bill might serve as a second stimulus package world-wide boosting private investments.

2. People are so worried about losing their job, coverage, denial of treatment, which seems to increase bank deposit latetly. That means stimulus funding mainly goes toward bank deposit for a rainy day increasing jobless rate. It proves again that a healthy society yields better productivity, prosperity.
It is time to ‘Change’ the notion of the public health as a fundamental human right and install ‘a safety system for all’ like all of the other industrialized nations, I think.

3. The stimulus funding begins to mobilize just 11%, meanwhile, the auto industry has undergone its restructuring with the massive job-related impact.

4. The pandemic swine flu has been hurting the global economy seriously.

Thank You !

Take for example the Jon Stewart clip. Not only did he spend a big chunk of it ridiculing “the other guy”, for no reason than to get a cheap laugh … he then had to – HAD TO – marvel at Obama’s supposed intellect and worldliness.

Here’s the thing: BS. BS on Obama casually reading Urdu poetry. Oh he might have glanced at a poem or two so he could back up his claim if called, but nonsense. He doesn’t read Urdu. He isn’t a gourmet chef. He’s a narcissist. He truly believes he knows everything. And he spins so many convenient lies people buy without question that he can’t even remember when he actually met his wife.

Obama is our Cliff Clavin president. “Errraaahh, it’s a little known fact …”