Read, research and think

I have been forecasting an impending financial collapse worse than what we experienced in 2008 because, despite what the Obama administration would have us believe that unemployment is low and the GDP is up, the truth of the matter is that the essential structure for a healthy economy is critically lacking. Those include jobs, company profitability, the ability to earn wages and low unemployment. All those elements today are at substandard levels. The stock market is going to collapse in a way that will make 2008 seem mild. Move your money out of the stock accounts and into money market or bonds that will not be so vulnerable to the impending crash.

Money market accounts barely yield interest, but I keep my money there because it’s safe. Another area where I make my money work for me is in real estate. There’s a healthy supply of inventory on the market these days and homebuyers don’t have to overbid just to get into a house. There are great deals out there and for investment purposes the return on investment is substantial considering the minimal out-of-pocket expenses.

For those of you who haven’t heard of Bill Whittle, I urge you to look up his YouTube video “Why Benghazi Matters” at http://youtu.be/dKsiDV1LuJA that encourages people to read, research and think. Whittle outlines in great detail the timeline of the events leading up to and following the Benghazi attacks that claimed four Americans lives. The compelling video highlights the lies that President Obama and then-Secretary of State Hillary Clinton perpetuated that blamed an Internet video for the attacks, and their incompetence and complacency in response to repeated requests for increased security at the embassy. In addition, Whittle details the numerous mornings in 2012 when Obama chose to campaign rather than attend his daily morning intelligence briefings. Whittle shines a direct and unflattering light on the minimal level of competence and character our president possesses.

Obama is continuing to campaign despite the ravaging war in Israel, the onset of the Ebola virus, and a border left wide open to illegal immigrants. In a speech Obama delivered last week he blamed the Republicans for blocking every idea and issue that would help the middle class in regards to raising the unemployment rate, fair pay for women, solving the immigration problem and investing in education.

First of all, I don’t think the government should decide how much people should earn, rather, the free market should make that determination. By raising the minimum wage it will force small businesses out of the market. One dollar per hour raise multiplied by ten employees at forty hours a week each adds up very quickly and will destroy a modest business’s bottom line. In regards to fair pay for women, the Equal Pay Act of 1963 already addressed the issue. Obama accuses Republicans of not trying to address the broken immigration system, but in fact, Republicans and I believe that we need to seal the border first and foremost before we can explore an efficient solution. We need to stop the bleeding first.

When it comes to education Obama maintains he would like to see additional investment, but in my opinion there is an abundance of free money out there in the form of student loans, loans that are so exorbitant that a college graduate will never be able to repay. College is not necessary in achieving success. I am a college drop-out and I’m doing very well for myself.

Peggy Joseph, an everyman, was at one of Obama’s rallies in 2008 and was elated of the prospect of a Black president, gushing to a reporter that she will no longer have to worry about paying her mortgage or putting gas in her car. Very recently she was interviewed for a documentary, and how her opinion has changed reflects that of millions of other Americans in regards to what Obama has “accomplished” in this country. She likened him to the little man behind the curtain in The Wizard of Oz, “(Obama’s) not who we thought or expected him to be,” she said. She admitted that gas prices are higher and she’s having more difficulty today making her mortgage payment. “We needed change. A change for the better, not for the worse. Don’t trust others for the truth, we need to do our own thinking,” she concluded. Her switch in mentality about our president reflects others like her and truly offers a glimmer of hope that this country will rebound to the principles and values it was founded.

Ed Hoffman is the host of the Main Event on AM590 which airs Saturday 9:30AM- 10:30AM and Sunday 4:00PM- 5:00PM.