On this past weekend's radio program, I talked about the liberal Democrats' job
Brian Kapp, co-founder and principal of Kapp/Scanlon, joined me on the program to talk about the current state of our economy. July was a tough month with 484,000 new jobless claims last week alone, $165.04 Billion in federal deficit spending (second highest July deficit on record), home foreclosures up 6%, and a recent correction in the investment markets. Brian suggests that these headlines, coupled with certain leading indicators (including the ECRI index, LEI index, and NFRB surveys), indicate that we may already be in a recession, and that we will probably see negative growth by the end of the third quarter 2010. Brian has been steadfast in his negative predictions for the immediate future, and I have found his independent perspective to be insightful.
I also talked with Dale McCoy, a Pittsburgh electrician and union member, about his new blog The Blue Collar Commentary available at glenmeakem.com. Dale is a great guy who loves this country and is concerned about the Democrat's steady drift towards the political left, and President Obama's destructive agenda. If you wish to learn more about Dale and his concerns, please read his "Open Letter" and his Biography.
President Obama's promise to put Americans back to work is being undermined by his tax, borrow, and spend agenda. Obama was elected President of the United States in part because of his promises to cut deficit spending and to make the Bush tax cuts permanent for anyone making less than $200,000 a year. He and the liberal Democrats in Congress have failed to do both. Instead, they have increased annual deficit spending to well over $1 trillion and will implement the largest tax increase in U.S. history on January 1, 2011. And with each passing week, more and more Americans suffer due to high unemployment, a lousy housing market, and rising foreclosure rates. We must vote "progressives" out of office in November, and replace them with conservative leaders who offer REAL economic and political PROGRESS for the American people.
We have eleven weeks to go until election day. Keep on fighting for America!
Glen Meakem is a successful technology entrepreneur, venture capitalist, and
conservative talk radio show host, who offers information and insights on how
individuals and our nation can be more successful. Glen's unique perspective has
been shaped by his experiences as founder, chairman and CEO of the B2B internet
success Freemarkets Inc - which he founded in 1995, took public in 1999, and sold to Ariba in 2004. In 2005, Glen co-founded Meakem Becker Venture Capital, a firm that invests in early stage start up companies. Concerned about the liberal political agenda that has gripped the United States and his home state of Pennsylvania, Glen launched the Glen Meakem Program in 2008. Glen served as an officer in the United States Army Reserve and is a veteran of the First Gulf War. He also earned his undergraduate degree from Harvard and his MBA from Harvard Business School. For more information about Glen and the Glen Meakem Radio Program, or to read his blog,
please visit http://m1e.net/c?82673202-dwXQXyTNvSW/I%405613399-Si2RkDiFR5Q3c