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U.S. called a house of cards just on brink

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  • Loren
    May 22, 2008 4:39 p.m.

    Drew has it down to a T. I agree. All going along as planned so many years ago.Get ready for the chip, and the concentration camps, and or survival outside of the system............if you can. As for Ron Paul..If indeed He is what he claims,He will be shot in the first month. I agree with most of his ideas, But???

  • Loren
    May 22, 2008 4:31 p.m.

    Tis true,...China could dump our Debt,and since they own All of our national Debt they can do as they please. However, what has been missed is the FRNs your spending are only worth 2 cents now...alas thank you FDR , and the Large bankers assoc. called the Federal Reserve. Congress through a underhanded political con job authorized the Fed to print money. (Circa 1930s) and Congress was the ONLY body authorized by the Constitution to print Money to begin with. Along with this deception came the removal of our currency and it's Gold backed base. Then came the overlording of IRS which was only intended to collect from Business gains, and US "aquired" Territories(circa 1930s) and not from Citizens Income. When Gold was removed from the "Standard of our Backing the USA began the destructive decline it is in now. Then came the credit influx and checking accounts(credits and debits) another destructive convenience for greedy Americans.So here we are.

  • Guy Fox in Key West/Havana
    April 21, 2008 5:04 p.m.

    Where there is no insight, the people perish!

    The ignorant and clueless Amerikans will now $uffer a terrible karma for $ellecting George W. Bush (and his neocon moron cronies) in 2000. Old Coyote Knose that the corp-rat profiteering $cams of the IRAQ-NAM invasion and occupation is only the beginning of a complete and total economic collapse of the United $tates.

  • Patrick Faiola
    April 21, 2008 8:36 a.m.

    It is too late to make changes, who ever wrote the article is only partially informed. The system is beyond repair because of DEBT, DEBT, and more DEBT. Since it cannot be repaid, it cannot be repaired, and anybody that thinks differently is delusional. The hyperinflation rout will only be another short term band aid. The cost will be paid back in poverty, hunger,and a drastically changed world.

  • Spanky 2
    March 3, 2008 12:48 p.m.

    And the alternative to Bush was $40 a gallon for gas be/c of carbon taxes for the coldest and wettest winter during global warming. Everybody's comments here today show how uneducated all of you are. The House of Reps holds the purse strings to our government and no President ever has. Look back to when we had a balanced budget and see the person and group who did it. It was not a President nor was it a party. The people in Congress (party doesn't matter) have run this country into the ground, financially. As long as we sit and talk about it and do NOTHING else, we will continue on the course. It's like the wall building against illegal immigration: if we truly wanted it, we would build it. The majority don't so it won't be built. The majority don't care about our situation so they won't change it. Look at our only electable candidates for President and tell me we really want change. They are all of the same mold. When crisis hits we will effect change and until then the sky will fall. No pain, No Gain

  • Chicodoodoo
    March 1, 2008 7:49 p.m.

    We need to resurrect the Continental Congress and start over. The government is so corrupt and self-interested that it no longer serves the people. It will destroy itself and us, so the sooner we get started, the better.

  • Drew
    March 1, 2008 4:05 p.m.

    Bush is irrelevant, who is elected next is irrelevant (if it's not Ron Paul), and who is in Congress is irrelevant, as the true Kings of our nation remain the same, no matter who is in government. Our government is outdated, as it has been transcended by the multinational Corporation, an institution which transcends sovereignty and boundaries and has no morals. Corporations are excellent at concentrating wealth, and with the government's help (by manipulating legislation) are unstoppable. National media is owned by only 6 companies...pay attention to the radio, television, and newspaper, and you'll hear the same stories over and over again.

    Liberal and conservative, Republican and Democrat, rich and poor...words all designed to divide us and think of people in terms of groups instead of individuals. I for one, am an AMERICAN, and that's really all that matters. There is no difference between the elephant and donkey anymore, as they have the same major goals. "Global Warming"? The "War on Terrorism"? They are both unwinnable, and are manufactured ideas to give us an enemy (no matter how vague). We are ruled by the Rockefellers, Rothschilds, and Morgans of this world, and THEY can't be voted out of office.

  • Don S. Robertson
    March 1, 2008 2:50 p.m.

    Dr. Mr. Lee, Thank you very much for quoting Stephen Studdard's remarks, "U.S called 'house of cards' on brink." I am age 81 and have observed the increasing federal debt over many decades, with one excuse after another. I has always disturbed me that our Social Security money was not put into an account to be returned later. We are storing food and preparing for the consequences which we agree are most likely to follow. Thanks again.

  • Adam
    March 1, 2008 1:36 p.m.

    To What makes us fail? | 9:18 p.m.

    Your narrow view is astonishing. Didn't the Great Depression teach you anything? There are economic forces at work that are larger than individuals. Those economic forces provide jobs (or not), prosperity (or not), and peace (or war). Key groups and individuals in government and social organizations make decisions that affect the lives of the masses who, through no fault of their own, suffer from the decisions of others. It doesn't matter whether they want an entitlement or want to work hard - it is beyond their control. Hopefully, you can have the opportunity to become educated about how societies work. It is unfortunate that you have failed to do so to date.

  • happy day!
    March 1, 2008 12:04 p.m.

    wow.... that's an optimistic fellow... I think I'll go see if I have a garden hose that I can attach to my tailpipe....

  • War Party Media
    March 1, 2008 10:44 a.m.

    The whole Liberal vs Conservative debacle is a joke.

    Americans arbitrarily pick sides, blaming the other for all their woes. Liberals in this state feeling that they know all there is to know because they listen to NPR, and Conservatives hanging on every word of Glen Beck.

    Take a look and see who all was there when NAFTA was signed into effect ensuring the slow death of America's middle class.

    The major players on both sides are owned by the same special interest groups and think tanks. They pretend to be opposing forces, but behind closed doors they are sleeping in the same bed.

  • Jud
    March 1, 2008 9:38 a.m.

    Studdert helped create this mess. Working for Reagan, spending ourselves crazy on defense while cutting revenues. Steve, you're a little late with the critique... look in the mirror, you Reagan guys set the pattern. If I told my wife I was going to cut our income and go into debt for a safeload of guns, she'd have me committed. That's what we should have done with you.

  • John Wayne
    March 1, 2008 8:29 a.m.

    John Wayne said it best...

    "I will give you nothing and you will not give me nothing. I hire men to do a job, for which in return, you will provide me with a good days work. Then, I will not have given you anything and you will not have given me anything."

    I'd like to see a politician say this and mean it!

  • Ronald A. Young
    March 1, 2008 2:19 a.m.

    I do not think we are on the Brink Of Anything. Right Wing Talk Show Hosts Aside. We are a Blessed Nation. Chosen to be the place where The Gospel was Restored. Plus the place where The Last Dispensation Began. I think we will be a Less Blessed Nation if we continue to allow Abortion. Also Alternative Life Styles might be a bit hampering. I fear for America that we do not have enough Trained and Equipped Military to handle all possible Domestic and Border Issues. Another Million Men/Women Under Arms would not hurt a bit. A Draft would focus young people, if to do nothing else then to avoid it, by doing something. Many Vietnam Vets are Collecting or are going to Collect Social Security another 10 years and they will really begin to die off, just from Old. I like the Idea of a flat sales tax and no income tax. I get large refunds but its my and my wifes money and I'd rather not pay it in the first place. Sales Tax is fair and equal covers everyone. My biggest fear aside from getting old. Is Abortion goes unchecked and Sherrill Law becomes excepted.

  • To: What makes us fail
    Feb. 29, 2008 10:06 p.m.

    We see things differently. I believe an even bigger problem is the "us versus them" mentality that seems to have evolved in America. We seem to have forgotten that "we're all in this together."

    People in America SHOULD feel "entitled" to basic services (police/fire protection, education, emergency health care, food if we're starving, or shelter from harsh weather) as long as there is any way at all that America can afford it.

    Everyone, even the wealthy, needs to care more, and to be willing to sacrifice if necessary. I honestly think our war efforts would be more successful if EVERYONE joined in the sacrifice.

    We need political leaders who can inspire us to work harder, care more, and yes, even share more.

    (Good points about working hard, getting educated, investing, and obeying the law.)

  • Anonymous
    Feb. 29, 2008 9:53 p.m.

    Funny about entitlements. Oil companies selling oil for over $100 a barrel feel entitled to not pay royalties. Conservatives feel entitled to wars without paying for them. Ranchers feel entitled to grazing right at below the market rate. Contractors have convinced Bush they are entitled to immunity for loosing billions in Iraq. Niel Bush, of failed S&L fame, felt he was entitled to a 12 million dollar contract for educational CD's as his part of hurricane relief.

    We have seen the largest transfer of wealth in American history.

    Conservatives still blame the poor, elderly and the handicapped. You widowed mother's Social Security check for $819 is he problem, the veteran at the VA hospital is the problem? The child born into poverty is the problem.

    The problem has been working Americans voting for lap dogs of the wealthy. "The wealthy pay more taxes!" The question should be who benefits more from government? The rich get the loin's share of government benefits. Who educates their workforce, defends their economic interests and control air traffic and builds highways to enhance commerce? Who developed the computer, the Internet, Jet engines and micro electronics?

  • What makes us fail?
    Feb. 29, 2008 9:18 p.m.

    I believe the biggest problem in America, is a sense of entitlement. People think they deserve this or they deserve that. Some people are more willing to commit crimes than earn an honest living. Some people are more willing to live a meager lifestyle for free (off of the taxpayers) than to get an education and work for a living. Somebody commits an accident, and the "victim" feels entitled to millions and never having to work another day in his or her life. Hard work and earning it for yourself is what makes our country great. Many people think they deserve to own a nice home and 2 or 3 nice vehicles. They think they deserve an all expense paid retirement and free health care. News Flash, those producing are carrying the load. The freeloaders are worthless. Work hard, spend less than you earn, invest the difference, get an education, and obey the law. If everyone did those simple things, we would be much better off. I think our ancestors would be ashamed at how slothful we are and how much time we waste watching TV, playing video games, and eating out all of the time. Sickening...

  • Re: Change is Good
    Feb. 29, 2008 2:20 p.m.

    The liberal mind is nothing to be proud of either. You all should read get a clue from above. He is right on.

  • Re: Sean F.
    Feb. 29, 2008 2:10 p.m.

    The phrase is ignorance is (Bliss)

  • Highland resident
    Feb. 29, 2008 1:16 p.m.

    Who has created this "House of Cards", Mr. Studdert? Are you acquainted with the CFR, the Trilaterals, the Bilderbergers, who, since 1921 (when the CFR was founded) have worked relentlessly on the destruction of America? Learn about them, Mr. Studdert, and you will see that these people provided the string pullers behind the Government.
    Just as a side note, I haven't voted for a SINGLE President or pres. candidate since Barry Goldwater. These neocons have sabotaged the candidacy of RON PAUL! He is the only one who could change the course this country is going. But, he's not "anointed" by the establishment!!! You, as former Stake President, should know better!

  • sean f
    Feb. 29, 2008 12:19 p.m.

    Adam Obrey, Ha! Ignorance is bless for the likes of folks like you. If you only had a clue.

  • change is good
    Feb. 29, 2008 11:59 a.m.

    The conservative mind is resistant to change. Afraid of change. Terrorized of change.
    Yet change is natural and inevitable.
    In doing nothing, putting up roadblock after roadblock, these conservatives become a part of the problem.

    Is it November yet?

  • lowonoil
    Feb. 29, 2008 10:59 a.m.

    We will get leaders who will do the right things when all the crowds at campaign rallies are chanting "Less, Less, Less!"

    Our politicians are constantly advised about what should be done for the long term good of our country. The advice gets dismissed immediately as political suicide.

  • Adam Obrey
    Feb. 29, 2008 11:00 a.m.

    OH! You mean someone who was the man who made sure the chairs were set up for the Pres. is now aware of the problems in American. This man was the advance party man for the "Big Honcho" in the white house. He never
    made a policy decision or was in on one. His biggest
    task was to make sure the lights were on.

  • War Party Media
    Feb. 29, 2008 10:30 a.m.

    Ad-hominem
    Red Herring

    Familiarize yourselves with these terms and call people out when they use these devices. Otherwise there can be no productive discourse.

    That is all for now. Feel free to resume feeling superior to everyone else.

  • roger
    Feb. 29, 2008 9:51 a.m.

    people get the government they deserve,don,t look for a leader to get you out of this mess.do your home work,democracy will not survive if it has an electorate who is completely ignorant of political and social issues and be willing to share a little don't always think in terms off what's in it for me!

  • Get a Clue America
    Feb. 29, 2008 8:57 a.m.

    Politicians and the Media are killing us and we keep voting for them and believing them.
    Latest Example: They are fighting over the whether or not we should be able to wire-tap the bad guys( DuH)
    We continue to grant citizenship to children of illegal aliens born in this country and give them welfare/food stamps and Medicaid to help them make a living in this country illegally. ( Duh)
    Our troops shoot back into a home that is firing on them, and it is reported that they killed some civilians who also happened to be in the home ( DuH)
    We continue to buy oil from our enemies and fund the war against us instead of building oil refineries( complete with all the pollution controls) it would actually cost us less and stimulate our economy. (Duh)
    Gas prices are causing the economic ressession. ( Duh)
    We don't do enough manufacturing in our country( Duh)
    America quite watching to see what Brittney spears is going to do next and get involved in your country. Every incumbant politian should be voted out of office the next time we get a chance.Let's stand up for this country.

  • Don't blame others first
    Feb. 29, 2008 8:50 a.m.

    All you people who call him a "prophet of doom," you should read the book before making such statements. And those who blame him as "part of those administrations"? Get real. One man, particularly an advisor (largely on foreign, not domestic, policy) is not responsible for the state of the nation. You need to absorb the point of this book which is Personal Responsibility. The government is a reflection of the will of the people, who are also irresponsible as a whole. No one man, even the president, is solely responsible for our economy. Bush is not solely responsible for the current problems, nor was Clinton solely responsible for the prosperity during his terms in office.

    The bottom line is, take responsibility for yourself, get yourself out of debt and dependence on foreign countries and oil, and THEN demand that your government do the same.

  • Anonymous
    Feb. 29, 2008 8:40 a.m.

    Mahershal(whatever) is no doubt a member of the John Birch Society.
    The most paranoid and self-absorbed group in the country.

  • Read the Founding Documents
    Feb. 29, 2008 7:46 a.m.

    The answers to our problems are all contained in the Founding Documents. Number 1, a military for a national defense (nothing mentioned about our "interests.") along with a caveat regarding foreign entanglements. The Founders would never have sold out our production capabilities and they would not have accepted foreign loans to support our debt. They would not have created the entitlements, no income tax, etc. What you have now is rampant Treason and Corruption. When former Sen. Bob Dole represents Dubai, Sec. James Baker..the Saudi Arabian Gov't. and Bill Clinton making deals with the Chinese during his reign, not to mention the current Obama who is tied to racists individuals and organizations, such as Farakan,...well folks..throw into the mix the horrible acts of violence in this country, probably attributed to prescription drugs, AKA..anti-depressents..you have a country that is in a moral, spiritual, and political abyss. The answers lay in the Bible and the Founding Documents.

  • Mahershalalhashbaz
    Feb. 29, 2008 5:55 a.m.

    James Madison said "crisis is the tool of the tyrant". That is what Al Gores global warming is all about. Remember McCarthy and Benson who were made out to be fools because they said our government had communists in it? Well, they were right, and now the communists (or elitists) have taken over. If you want to know who they are, look to see which politicians push the global warming agenda. Huntsman the younger, Arnold, Rocky Anderson, the governor of Arizona, most democrats in congress, President Bush, and on and on. These people are the elitists who are trying to overthrow our government. We need to arrest them immediately. They purposefully are trying to bankrupt us (Bill Clinton=we need to let the economy slow down to save the environment) so they can let their chinese/russian allies march in here while we are down after the economy crashes. Why do you think Giuliani/Bloomberg tried to outlaw guns over & over (and still are). Our government has been hijacked at every level. These people have trillions. The US has......debt enslavement. Repent or be destroyed. God is the only one who can fix this mess we're in, and only if we repent.

  • Mahershalalhashbaz
    Feb. 29, 2008 5:48 a.m.

    I am one of the nuts who believes the world trade center was an inside job. I agree with the post above. The real nut jobs are the ones who believe otherwise. I've heard of killing 2 birds with one stone, but bringing down 3 giant steel buildings with 2 birds=ridiculous. It's so funny to hear people like the 2 guys from popular science who wrote their debunking book say how hard it would be to bring those buildings down as a demolition. Nearly impossible they say. You can't even believe the thousands of pounds of explosives it would take, and the 100's of men who would have to work around the clock to pull off such an incredible feat they say, yet they believe a few uneducated Muslims who have barely ever flown an airplane before can do it. God help us. Repent fast. He's the only one who can save us. The Elite in this country are the ones who are in government, and they want to conquer this nation. They purposefully have weakened us by spending us into oblivion. Can't anyone see they are trying to get rid of guns, freedom of speech, and religion?

  • Rob H
    Feb. 29, 2008 5:30 a.m.

    Obviously the Iraq War is a problem. When Bush/ Cheney took office, the debt was 5 trillion. Now it is 9.3 trillion, and increasing by 1.5 billion a day! That is crazy.
    Iraq is a mess, and I believe we should clean up our mess there, but I don't think we can afford to follow McCain's policy of staying there indefinitely. Barack Obama will get us out so we can start taking care of things here at home. We have got to get our bus out of that ditch. It will be tough, and we can't just leave the Iraqis, but it's time to get out of that squalor.

  • Dave in Colorado
    Feb. 29, 2008 1:24 a.m.

    It may take a very serious economic downturn to wake up the country and get a guy like Romney elected. This is so reminiscint of 1976. Be prepared for 4 years of economic misery.

  • I Love America
    Feb. 29, 2008 12:43 a.m.

    The problem, as I see it, is two-fold. One: Economics is not taught in any significant way in American High Schools. Two: Civics is ALSO no longer taught. How else can you explain anyone voting for politicians who fully intend to raise taxes and also intend to spend more than they bring in? The people making these unbelievably bad decisions are Ivy League educated. The know better than this, yet they continue to persue the same course. My belief is that they know they will have passed away beforre this becomes a real problem. The current group of national leaders, Republican AND Democrat, will not be treated well by history. But the American people who allowed this will also shoulder the blame. Eternal vigilance is the price of liberty.

  • James
    Feb. 28, 2008 11:27 p.m.

    Studdert is exactly right. He is not blaming any particular president or single politicians for this mess, he is simply stating the facts and that it is America's problem. He did advise four presidents, and held the title as "Special Assistant to the President" while serving with Reagan and Bush. His book is simply stating the facts and does not point fingers. It is a wake-up call to all of us. Thanks Mr. Studdert for standing up! Just bought his book on Amazon.

  • FREE AMERICAN
    Feb. 28, 2008 11:02 p.m.

    The flood is upon us. The US is being flooded and we can't do anything about this. Our future will be a third world country unable to care for our own. We will be a nation of poor, depressed self rightoues individuals who can only think for themselves. The masses will spoil in the quagmire and stiffle those who have tried to keep this nation free. Our house of cards will not stand unless change is made. To make change, use the tool provided and that is the power to VOTE. Several people I know said they will not vote this election. This attitude is what will keep us in the present. Change the people in office, that will bring about change in our society. We as a nation need to stand up and voice our opinions and concerns on the direction we are being led. Lets hope our children have a better presence of mind when its their turn to run this country. This country will change after 11 MAY 2008. Our indebtness to foriegn countries will keep us hostages for decades to come.

  • Born American
    Feb. 28, 2008 9:30 p.m.

    In your heart of hearts,have you truly not understood this was coming? You with your heads in the sand will be the first to scream for government to save your irresponsible butts and you know it. So get up,go down to the welfare office and get in line so the rest of us will know who you are.
    LDS folk,did you listen to what your leadership told you to do all these decades? You'll make it through OK if you did.
    Everyone else,have you used the good sense you were born with,or did you succumb to greed and the need for instant gratification and the hunger for status?
    As a nation,we have consistently voted people into office who serve only themselves,and keep us off their backs by robbing our future to give us crumbs for today. IF we are very lucky,we may yet have time to throw the bums out,ALL OF THEM,and restore the Constitution. Take a good look at Ron Paul and see for yourselves if he isn't our best shot at a future that isn't a wasteland for us and our children and grandchildren. Time to THINK people!

  • Pay Day Loans
    Feb. 28, 2008 8:28 p.m.

    As a nation we are walking on VERY thin ice.

    Reading some of the unconcerned Utahn's comments lead me to believe that the economy in Utah is doing better than the rest of the nation, until I remembered that Utah is one of the leading places for pay-day loans.

    Out in Illinois (where I live) poor people (making less than 20K per year) are driving around brand new cars costing them $500/mo and talking on the newest cell phones. They then drive their expensive car home to a beaten down 1940's apartment, turn on their 60" plasma screen, and throw away their Medicaid bill without opening it.

    Lenders are responsible for this mess!!! Extending credit to people who will irresponsibly max it out then end up being unable to pay for it is placing our economy on VERY thin ice.

    Creditors need to clamp down for a LONG time and stop extending credit irresponsibly to pad thier own wallets.

    Don't get me started about pay-day lenders...

  • TOT
    Feb. 28, 2008 7:47 p.m.

    Re:Spanky,

    Nut jobs believe that it means nothing that structural girders in the basement of the WTC were cut at an angle with molten metal running down the side. Nut jobs believe that Building 7 fell down all by itself when it was barely damaged.

    It's amazing that LDS who believe in " a secret combination to overthrow the freedom of all people" reject out of hand the warnings of Ezra Taft Benson when he said this self same secret combination was gaining power in our country.

    Ostriches!!

    It's monstrous. It's uncomfortable. But it's true.

  • Johnny
    Feb. 28, 2008 7:30 p.m.

    I heard the speech -- what a fantastic tribute to America. This gentleman is a real patriot who loves our country. His remarks were a warning, sound and well reasoned and full of supporting facts. I hope he keeps speaking out about what a mess our national house is. We are not living today in a house of order.

  • Re: Spanky
    Feb. 28, 2008 7:30 p.m.

    "Starting an unnecessary immoral war that has/will cost us trillions, and ruined our reputation in the world."

    Ever heard of something called the "World Trade Center?"

    Ever head of something called the "Gulf War?"

    Learn you history before you make another stupid comment like that. The current war in Iraq is in part a carry over from the first Gulf War. That war never ended. There was a cease-fire, not a peace treaty. Saddam Hussein violate the terms of the cease-fire, so hostilities recommenced. Whether you agree with the recommencing of hostilities or not, those are the facts. As far as Afghanistan and the current fight against Al-Quaida and other terrorist groups in Iraq, perhaps two airplanes being steered into the World Trade Center had something to do with that. Or are you one of those nut jobs who believe that was an inside job?

    BTW: tax cuts for the rich? That's ludicrous. I'm not rich, and I got a tax cut. At the time, I was making about $20,000 a year. I went from paying very few federal income taxes to paying nothing. I make more than that now, but my tax bill is still next to nothing.

  • Vienna
    Feb. 28, 2008 7:10 p.m.

    Mr. Studdert deservees applause for speaking the truth! As for his role at fonix a dozen years ago, if you remember it did well until he left and then his successors ran it into the ground. So get off the guy's case. I just bought his book and I'm loving it! Long overdue!!

  • Spanky
    Feb. 28, 2008 6:42 p.m.

    Re: The War

    No, it will be your many kids that will suffer because of who you elected to the White House. If you don't want to take responsibility, fine, don't. As for Bush, mockery is too good for him, and I find it amazing that so many people are willing to give him a pass on running up the biggest trade and budget deficits in the history of the US. Giving tax breaks to the most wealthy. Selling government to big business. Starting an unnecessary immoral war that has/will cost us trillions, and ruined our reputation in the world.

  • Anonymous
    Feb. 28, 2008 6:36 p.m.

    Re: The War -
    "... hating Bush and the Mormons..."

    What utter childish nonsense!

  • Re: The War
    Feb. 28, 2008 6:17 p.m.

    Have any of you blaming the war ever even bothered to look at the national budget and how much we spend on entitlements? More importantly, do you have any idea how much we have promised in future benefits?

    Even if the war in Iraq had never been started we have really spent less so far on it than we spend IN ONE YEAR on entitlements.

    You see, the issue here is not the war or how much you hate bush and Mormons. It is what is going to happen in ten years of kicking the can further down the road. Fine, mock the guy all you want. It's your kids that will suffer.

  • Nor Cal!
    Feb. 28, 2008 5:58 p.m.

    ""I was appalled to see the United States Congress spending so much time, resources and energy over the issue of steroid use by professional ballplayers, when there are weighty issues that affect not only the country today but the country's existence for generations to come," he said."

    Hear hear!

  • Get a job!
    Feb. 28, 2008 5:48 p.m.

    WASHINGTON, DCResponding to the nation's worst unemployment rate since the Hoover Administration, President Bush addressed the nation's 8.2 million unemployed workers in a televised speech Monday.

    President Bush urges America's jobless to get off their duffs.
    "The economy has been on the rebound for months, but 5.6 percent of you are still out of work," Bush said. "Come on, people: Get a job! Don't just sit there hoping that you'll win the lottery. Turn off that boob tube, get off that couch, and start pounding the pavement."

    When the number of people taking part-time jobs because they can't get full-time work is factored in, the unemployment figure approaches 15.1 million, a number Bush called "unacceptable."

  • Unbelievable!
    Feb. 28, 2008 5:35 p.m.

    Who are these people that are dragging this guys past business ventures into the equation? I dont even know what Fonix is but come on this article is about taking a stance from the status quo. Not a botched business deal. You got a beef on that, take it up somewhere else. You got something constructive to say about the greatest nation on the earth digging a shallow grave, please pipe in! Loved the article, agree one hundred percent.

  • Rich
    Feb. 28, 2008 5:40 p.m.

    Ooops. The government should NOT have been paying billions in SS payments to people who could have got by without it.

  • Rich
    Feb. 28, 2008 5:38 p.m.

    Anonymous, I'll tell you what today's neo-cons would have to say about this guy's concerns.

    He is right on. Government is too big and tries to do much, meddling in too many lives, too many businesses, and in too many arenas. People who want the government to provide them with things are finally going to realize there is no such thing as a free lunch. The government should have been paying billions in Social Security payments to wealthy retirees or to anybody who is capable of working. The government should not have wasted billions wastefully, not only in the military but in almost every other facet of its operation. People should say, let's scale back governmental spending except where it is actually needed. Then let's cut taxes so that people can invest or save their money how they see fit. Many of us used to be producers and got tired of paying all our profits to the government. The government should be promoting business, not fighting it and sucking it dry at every turn.

  • nothing is wrong
    Feb. 28, 2008 5:37 p.m.

    There is nothing wrong with the economy.
    This is just something the liberals conjured up.
    You know how those trouble-making do-gooders are. Always trying to draw attention to something that need no attention. Always wanting change. Always wanting progress.

  • shadow
    Feb. 28, 2008 5:28 p.m.

    Si, el presidente said we are not in a recession.

    One month ago he told us we had to spend borrowed money in order to head off the recession!

    It must have worked!! Hallelujah!!!

    But wait a minute, the checks have not been sent out...

    Huh?

    No wonder no one will buy a used car from this guy.

    The Shadow Knows.

  • bhparkman
    Feb. 28, 2008 5:22 p.m.

    Prepare. We got sold out.

  • Rob Shiveley
    Feb. 28, 2008 5:08 p.m.

    It's more than a little dismaying to see the representatives of our government are more interested and focused on determining (for example): if a brain-dead women had the right to be allowed to die, whether baseball players took (or didn't take) human growth hormone or steroids (completely legal substances, by the way), whether an elected representative had an affair while in office; and the list goes on. These are things a tabloid publication might be preoccupied with, but not the government. Why do we allow our elected government representatives to get away with such rubbish? Why don't we, as the people, hold them accountable for their actions? Why don't we demand proficiancy and accountability? Why don't we require complete transparency? Why don't we demand checks and balances? Maybe we are simply asleep at the switch. Maybe we just don't care. Perhaps we're brainwashed by religions that demand complete obedience to figures of authority and have conditioned a sheep-like attitude, resulting in a loss of critical thinking. Maybe we're too hooked on soft drinks, junk food and the American Idol and have lost our capacity for rational thinking. Wake up people and get a grip. Quickly. Before it's too late.

  • Guy Fox- Key West/London
    Feb. 28, 2008 4:59 p.m.

    WHERE THERE IS NO INSIGHT, THE PEOPLE PERISH! AND WHOM THE GODS WOULD DESTROY, THEY FIRST MAKE MAD!

  • money to burn
    Feb. 28, 2008 4:56 p.m.

    A consumption tax, such as a national sales tax, could benefit the nation's economy.
    As a man with a massive income that I only spend on necessities, this sounds like an ideal plan.

  • Unemployed are unpatriotic
    Feb. 28, 2008 4:57 p.m.

    WASHINGTON, DC According to a Labor Department report released Monday, Americans who lost their jobs in the past year are doing little to aid the recovery of the nation's economy. "Unemployed Americans are neglecting their patriotic duties by spending far less than the gainfully employed," the report read. "Until these laid-off workers start pitching in and buying things, America's economy will continue to stagnate."

  • John
    Feb. 28, 2008 4:51 p.m.

    It is time for an american revolution to over throw the capitalist rich and establis a new social worker's society of justice and equality for all citizens. What ever is good enough for our elected officials should be available for all our citizens: medical care, retirement, etc. It is time to bring back the unions and organized labor.

  • Anonymous
    Feb. 28, 2008 4:48 p.m.

    During the Great Depression the song "Buddy can you spare a dime?" was popular.
    I wonder what happy jingle will surface for the Great Depression II ?

  • everything is rosey
    Feb. 28, 2008 4:45 p.m.

    Today the president of the United States told us we are not in a recession.
    Hang on, I want to mention this to the guy repossessing my couch.

  • got mixed up
    Feb. 28, 2008 4:39 p.m.

    WASHINGTON, DCAmid growing concerns about the faltering stock market and deepening recession, President Bush vowed to tackle the nation's economic woes head-on Tuesday, assuring the American people that he "will not rest" until Saddam Hussein is removed from power.

    "Our nation's economy is struggling right now," said Bush, delivering the keynote address at the National Economic Forum. "Our manufacturing base is weak, new home sales are down, and unemployment is up. Millions of our people are suffering. That is why I stand before you tonight and make this promise: Saddam Hussein will be stopped."

    Added Bush: "This man tried to kill my dad."

    Shortly thereafter, an aid told the president Saddam Hussein had already been disposed of.

  • buy back time?
    Feb. 28, 2008 4:28 p.m.

    The prices of U.S. homes fell by 8.6 percent in the second quarter, the steepest in 20 years.
    Does this mean I'll be able to buy back my foreclosed home back soon?

  • Steve
    Feb. 28, 2008 4:30 p.m.

    Don't shoot the messenger. Forget about who this guy is or what he has done Or if he is to blame. Read the article! What he is saying is absolutly true. We are buying crap at the store. What was once made of metal is now being made of plastic. You take it home and it lasts for a few days. You could go down and buy parts for your old products but now you just throw them away. It is greed plain and simple. It is people buying 4,000 square foot homes with no children. It is people eating out every night and paying 15.00 bucks a plate. I can't believe how prices have gone up. Gallon of ice cream 1 year ago 4.99 one year later 7.99. Inflation is so bad but no one is saying a word. When inflation is high you raise interest rates. Nobody wants to do the hard things. we all want someone else to do it for us. Pay down your debt, buy a used car, live in a modest home, and get prepared cause its coming whether you like it or not.

  • Deny-side economics
    Feb. 28, 2008 4:30 p.m.

    WASHINGTON, DCFielding questions from reporters at a Tuesday press conference, President Bush defended his adherence to the principles of deny-side economics. "Nope," the president said. "I keep hearing people say that the U.S. economy is troubled, but that isn't true. Our economy is strong. We just have to keep on doing what we're doing, and everything will work out." Leading economists say they are curious to see whether the president's optimism will trickle down into the public consciousness

  • Ernest T. Bass
    Feb. 28, 2008 4:21 p.m.

    The republicans are entirely to blame for this mess. It began with insurmountable deficits during Reagan/Bush 1.
    The current budget proposed by Bush 2 will include the largest debt in the nation's history.
    Republicans have ruined this once great nation.

  • Economy is easily the best
    Feb. 28, 2008 4:20 p.m.

    WASHINGTON, DCWhile speaking to a group of White House reporters, President Bush fended off questions about the weak state of the dollar, the expected long-term deficit caused by Social Security and Medicare payments, and a faltering housing market by assuring reporters that the U.S. economy's ability to have such a widespread negative impact on the world only further proves it is "easily the best."

    "Our recent credit crisis alone has been enough to depress share prices in Japan, Rome, China, and Brazil," a smirking Bush said during a press conference Thursday.

    "Sounds to me like our economy is still pretty powerful." Bush later added that he was equally proud of the impact U.S. foreign policy has had over the past six years, adding that only a truly great president could be capable of fostering so much hatred across the globe.

  • Rasputin Part V Cont.
    Feb. 28, 2008 4:05 p.m.

    Ref: Nuclear Option
    Continued from Part IV
    The stage is set, the Eisenhower administration is deep into re-construction, the Berlin Air lift is over and ideas and plans to stop the Soviet threat to flood the world's economy with Gold Certificates are under way and being developed. The Russians are having a great deal of trouble with feeding their people and are asking the U.S. for economic aid. Secretary Benson is sent to the Soviet Union to assess the Agronomic situation. He reports to the President, upon his return, that the entire Soviet agricultural environment is grossly antiquated and their systems of production, harvesting, processing and distribution are so inefficient that nearly half of their production doesn't even make it out of the fields. Their technologies are almost non-existent and the government takes it's share without the remotest sense of helping their own farmers to increase production......... We begin to sell grain to the Russians and under our close supervision and monitoring the Greenback Gold Certificates are eliminated in huge quantities as partial payment. We sell them Combines and Tractors and Gold Certificates in huge amounts are again eliminated. On and on and on...... They finally ran out....SECRETLY

  • Anonymous
    Feb. 28, 2008 4:04 p.m.

    The way things are going - I'd say man is on his way out.

  • The war
    Feb. 28, 2008 4:04 p.m.

    is a major part of our national debt. Let's stop pretending its the overspending liberals and accept that Bush's illegal (immoral) war isn't the culprit.

  • Stop
    Feb. 28, 2008 3:53 p.m.

    worrying. President Bush says there is no recession on the horizon. Everything is OK now. I'm also very proud of our pre-emptive strike on Iraq. What country can we invade next.

  • Definitions
    Feb. 28, 2008 3:55 p.m.

    When your neighbor loses his job, that's a recession.
    When you lose yours, that's a depression.
    When your wife loses hers, that's a panic.
    Sorry for the attempt at humor on such a serious topic, but I couldn't resist.

  • Spanky
    Feb. 28, 2008 3:51 p.m.

    We have a society based on greed, materialism, violence, only the strong survive, get all you can while you can at any price, war, arms manufacturing. And at the head of those values are George W. Bush and the Republican party. Those things are admired in our society. People who espouse welfare(one of Christ's doctrines by the way), equality, compassion, sharing, generosity, are mocked in the US today. What does this society expect? That God will come down and save us because we're his chosen people? What is happening in the US is a reflection of how we are as a people, our values, what we have done, and we're going to pay a price for it. And guess what. Going to church on Sunday, but worshiping the dollar Monday through Saturday doesn't cut it anymore.

  • To Spanky
    Feb. 28, 2008 3:50 p.m.

    THis problem was in the making long before BUsh ever thought of the White House. Goes back to FDR. Your comment is glib and sophmoric.

  • Paperboy
    Feb. 28, 2008 3:38 p.m.

    The rampant and unrelenting movement within the U.S. away from the foundational secular underpinnings established by the strict separation of Church and State, as laid out by this nation's founding fathers, has essentially undermined the thoughtful discourse and reason, once a hallmark of a rational America, and contributed to blatant intellectual dishonesty. Sound science and evidential decision-making has been replaced by Creationism and magical thinking. Rational discourse about the environmental destruction wrought by overpopulation of the human race has been replaced by severe limitations on public support for sex education and birth control options. The consequences of allowing extreme religious voices to dictate the course of public policy has been disastrous and will only get worse, unless the people of the U.S. elect to make a fundamental change in the direction of this country. We need to course correct now.

  • Rasputin Part IV cont.
    Feb. 28, 2008 3:27 p.m.

    Ref: Nuclear Option
    Continued from Parts I,II,& III

    Immediately after World War II, with most of Europe including Russia, lying in shambles. Food.....or rather the shortage of food became the greatest threat to the survival of the people of war torn Europe and Western Russia. Agricultural commodities became almost non existent in Western Europe. The United States, with it's production capabilities completely intact, and men swiftly returning from the war to farms and factories, production of everything needed for our own use and to send to our needy allied friends in Europe picked up and began to be shipped. The rebuilding of Germany would also soon begin.......until the Soviets made a move to divide Germany by isolating the Eastern portion of the divided Capital city of Berlin. The Soviets had only a modest capability to sustain themselves, but their eagerness to seize the rich fertile plains and valleys of Eastern Europe catalytically put the world into a tailspin.

  • Rashers
    Feb. 28, 2008 3:14 p.m.

    @ Not Scared. Did you wake up from that dream yet?

  • patriotic spending
    Feb. 28, 2008 3:17 p.m.

    Not to worry.
    The President of the United States today said we were NOT in any recession.
    So come on everybody - go out and max out those credit cards!
    If you don't - you must hate America and the troops.
    (er ... sorry,... never mind about the troops thing)

  • Greg
    Feb. 28, 2008 3:05 p.m.

    Better not delay, take heed of the warnings that have been given. Prepare to get your year's supply in play.... :-)

  • A great reminder AGAIN!
    Feb. 28, 2008 3:03 p.m.

    It is good to hear these wake up calls. Who are we to think we can live on decadence and debt, trading in our freedoms for a little security.
    However because Bush proclaims himself a "man of God" we all will allow our republican leader to strip our freedoms away and chain us with debt.
    Maybe Ezra T. Benson, David O McKay and Skousen were right after all
    Maybe all is not so well in zion.
    Oh well we might as well just flip back on the tube and let someone else worry about this, or better yet, lets just call the guy who wrote this nuts.

  • canauck
    Feb. 28, 2008 2:56 p.m.

    Live within your means,folks Because the TV has an ad for "a new and better" thingy,actually means,buy me sucker.

    Simple really,save for your future and the future of your kid's,heck they will need all the help we can offer.

    We all have to "purchase" goods,but "shopping" is for the stupid.

    If you need it buy it,if you want it, wait a week,bet you will not buy half the junk(re:made in china:) you thought you wanted.

    Only one way to change "our" governments,starve them.

    If it can be taxed, DO NOT DO IT.

    Trade with your friends and your enemies.

  • Kate
    Feb. 28, 2008 2:57 p.m.

    Mr. Studderts ability to take what he has learned through service to OUR country and then to speak out - is admirable! From some of the comments I've viewed, I'm seriously concerned with the inability of folks to think one advisor can constitute or be personally responsible for what a nation continues to do. I give him kudo's for saying it like it is with regard to the state of affairs in Washington and our country. Perhaps reading the book will give us a more in depth understanding of how we got to where we are today. Let's try to assess the damages and hopefully we can bring back some control in our government and in our personal lives. This is a direct and cumulative result of years and years of wreckless, riotous spending, and back scratching in our political arena. I believe this behavior is conspicuously evident - we TOO have adopted it in our personal lives. EVERYONE in America is to blame for what has transpired today, so let's figure it out and try to make some changes. Magninimoty is not an outdated word either. We need to embrace it a bit more in my book. THANKSMRSTUDDERT!!

  • Critical Issues Press
    Feb. 28, 2008 2:32 p.m.

    Apologies to Jasen Lee -- he did mention the name of Mr. Studdert's book. Ooops.

  • Rasputin Part III cont.
    Feb. 28, 2008 2:27 p.m.

    Ref: Nuclear Option
    Continued from Parts I&II:

    The Soviets fear was so great that before the war ended they took several drastic measures. Thousands of Allied soldiers were taken prisoner including hundreds of Americans. They held them prisoner in Goologs in far remote areas such as Siberia. Many Soldiers were released as deals between the Soviets and the other Allied nations were concluded. Many American Soldiers however, were held for many years and the Soviets continued to use them as bargaining chips until sadly, our own government allowed them to be forgotten. This whole story is not one that our government wants revealed. A movie about the Gold Certificates and the recovery of the plates used to print them was made in the 1960's and shortly after the first screening all copies and the original were confiscated.

    Getting back to the time of Eisenhower's selection of Cabinet members...... There were several members of the LDS Church who were selected for various under post positions within the Eisenhower Administration. However, one LDS man by the name of Ezra Taft Benson....as Secretary Of Agriculture, would secretly help the United States Government develop a program that would stop the Soviets plan.

  • John Reynolds
    Feb. 28, 2008 2:03 p.m.

    He is absolutely correct with every point.
    Those of us who are informed and aware know this to be true !

  • Knowah
    Feb. 28, 2008 1:52 p.m.

    If Studdert had any original thought it would die of loneliness. His outlook is real, but very, very outdated. Give us something new, PLEASE!!

  • no recession?
    Feb. 28, 2008 1:58 p.m.

    It doesn't take a Ph.D in Economics to see how the U.S. economy is in trouble.
    Today the President of the United States stated (or should I say, as he read from the usual pre-written speeches given to him) "we are not in any recession."
    What dark days for America.
    Is it November yet?

  • SLMG
    Feb. 28, 2008 1:34 p.m.

    I read nothing new in this article. Everything Studdert says is true and has been for as long as I can remember and that is many years, it is always scary when it is put in front of your face like this article and probably his book. Studdert and his ilk report all that is wrong with America but give only vague solutions to the problems, mostly gloom and doom.
    If you think that America is the only country living on credit and running up tremendous debt, every westernize country is doing the same thing, it is a global problem. Answer, quit spending and start saving, not just the countries but each and every one of us. We are all part of the problem so we can be part of the solution.
    As LDS we have been told to be prepared in all ways and that includes financially, get out of debt and stop all unnecessary buying.
    Immigration and terrorism are not the biggest threats to this country, we are with our out of control spending.

  • Conservative
    Feb. 28, 2008 1:33 p.m.

    I am conservative, but joe Lieberman is one of the few in politics that can be called a statesman today.

    McCain, Clinton and Obama are politicians... Power hungry, more of the same... politicians....

    We are turning into a 3rd world country in fornt of our eyes....
    Hope we all have talents to raise our own gardens or have the foresite to have a storage of food supplies.... Read about the great depression... we will most likley suffer the same.

  • Deseret
    Feb. 28, 2008 1:24 p.m.

    Must feel pretty good to use the power of censorship on someone you don't agree with.

  • BUSH
    Feb. 28, 2008 1:27 p.m.

    Well DUH!

  • Critical Issues Press
    Feb. 28, 2008 1:21 p.m.

    Read Studdert's Book, America in Danger. Surprised that Jasen Lee did not mention that Studdert was talking about the book during his address to The Hinckley Institute of Politics. Look around, you can find it if you are interested.

  • ditto
    Feb. 28, 2008 1:18 p.m.

    Ditto to "SamHill" This guy is just trying to sell books. After watching what he did at Fonix, I am not sure I would trust any opinions that he has.

  • Rasputin Part II cont.
    Feb. 28, 2008 1:17 p.m.

    Ref: Nuclear Option
    Continued from Part I:

    Poor old Harry Truman. First he had to be told about the Atom Bomb after FDR died in office and had to make a rather hasty decision to use them. Then looking at re-construction and all that would be needed to begin rebuilding Western Europe, he's finally told of the the Soviets plans to flood the world economy with legal U.S. Currency backed by gold. (NOTE: Under FDR the U.S. had been taken off the Gold Standard in the 1930's and it was actually illegal to own or possess gold.) Fortunately for Harry, he lost his bid for election and so Dwight Eisenhower inherited this problem of the Gold Certificates. For Utahns and for members of the LDS Church this is where the story gets interesting. Ike carefully began filling his cabinet and looking for key advisors to help solve the re-construction issues and many issues with the emerging New Soviet Union The Soviets thinking of what the post war world was going to become was far different than the perspective of Great Britain, France the U.S. and all of their allies. The Soviets were fearful of not being included in World affairs

  • Hear, hear
    Feb. 28, 2008 1:05 p.m.

    The man is right on the mark. The trouble is that even a new President can't bring Congress and the Courts back in line. It would take hundreds of newly elected leaders with the same platform to turn this mess around. The chances of that are nil.

  • Age of critical thinking
    Feb. 28, 2008 12:40 p.m.

    Sorry MTM -
    It must be difficult for you to witness the GOP (with The Bush Doctrine at the head) - imploding right before your very eyes.
    The age of critical thinking has begun - and there's no stopping it now.
    Then it's on to the New Renaissance!

  • Rasputin
    Feb. 28, 2008 12:35 p.m.

    Ref: Nuclear Option
    Obviously many are unfamiliar with what you are talking about. But there are some of us pre- Cold war fogies still around. The Russians had nearly the same stranglehold over the U.S. up until the fall of the Iron Curtain. F.D.R. under the Lend lease program had authorized the Treasury department to issue a series of Gold Certificate printing plates to the soviets during World WarII. There were several sets of these plates made. The Soviets wore out several of the sets printing and stockpiling Billions of Greenback Gold Certificates and secretly warehousing them. When we tried to get the plates back only the worn sets were returned. The Treasury Department realized the significance of the problem right off...... that much more currency had been printed than accounted for. Intelligence sources later confirmed what the Soviets were up to and that they still possessed two remaining near mint sets. The last of the sets were smuggled out of the Soviet Union by British agents in the 1960's. The soviets were never able to capitalize on destroying our economy for several reasons. I'll have to continue this later since I need to go and limited to500characters.

  • MTM
    Feb. 28, 2008 12:23 p.m.

    It's all his opinion, and we all know what opinions are like.

    Shame so many people jump on his bandwagon and then attempt to blame President Bush for what's (in his opinion) happening. Anything to attack the president.

  • Huh?
    Feb. 28, 2008 12:11 p.m.

    Maybe the folks here criticizing this guy for his 'doom and gloom' story should take five minutes and do some research on the issue. Many government agencies and think tanks (conservative and liberal) have been sayong the exact same thing for years. It's not exactly news.

    I might also add, this is not a Democrat vs Republican issue, it is a Democrat and Republican issue.

    Pull your heads out of the ground. We can't grow out of this mess.

  • Not All Bush
    Feb. 28, 2008 12:04 p.m.

    The blame Bush atitude is hardly fair here. This all started back with the inception of entitlement programs. War on poverty anyone? Every Democrat who has sought to increase entitlements and every Republican who cut taxes without cutting spending has contributed to this mess. Both parties are to blame.

    Bush's claim to fame is that he has accelerated the process by adding the prescription drug benefit to medicare and fighting for and passing tax cuts.

    I would also like to add that the Democrats new messiah Obama (the likely next pres IMO) hasn't exactly acknoledged the issue in any of his platitude laden speeches. In fact, last I checked his entire platform was based oodles of new spending. Change indeed, thats all you'll have left in your pocket if he's done.

  • Earl
    Feb. 28, 2008 12:00 p.m.

    I'm a little (maybe a lot) surprised that the Federal Reserve hasn't been brought into this discussion. When you base an economy on fiat money, there is nothing to back it except the vague concept of "consumer confidence." Once that's gone, it's not worth the paper it's printed on. Bernanke and his cohorts have been flooding the market with cheap dollars which make it more profitable to borrow and invest in real estate, for instance, than to save. The fractional banking system encourages debt and discourages saving. It's a sucker's game.

  • How About
    Feb. 28, 2008 11:51 a.m.

    at the next election we vote out all the individuals running for re-election and vote in a new group of, Oh Wait, the new ones running for office are as bad as the ones in office, Hmm. Maybe we start at the lowest level and vote out the state legislature. Then anyone holding national office and keep doing that until we get what we need and that is a group of individuals who understand if we are to continue to exist we need individuals that have honor and respect for the family, diligent work ethics, absolute values of right and wrong, honesty in business practices, wholesomeness in leadership, respect toward authority, moderation rather than excess, marriage as a prerequisite before having sex or bearing children, believe in a family which consists of both a father and mother, taking responsibility to provide for our own such as ones spouse, family and children, and so forth.

    Course, Hmm, those people are hard to find anymore.

  • J
    Feb. 28, 2008 11:42 a.m.

    I realize there are many perceptions of problems abounding at all levels of government, particularly the Federal Govt. They seem largely rooted two things:
    1) Money
    2) Power

    I agree with JH that term limitations for all elected officials are a matter of prudence and of constitutional reform. This will prevent to a large degree, career politicians.

    I would go one step further, and propose a part-time federal congress. Let them work for a living like the rest of us, and represent much like other state legislatures do, part-time.

    I believe this will deter power and money hungry individuals from political office. For there will little of both at the federal level, when compared with the current situation.

  • part of the problem
    Feb. 28, 2008 11:33 a.m.

    When you do nothing but proclaim: "I am a conservative - nothing needs fixing" - you become part of the problem.

  • Anonymous
    Feb. 28, 2008 11:33 a.m.

    Time to start the wind mills, improve the efficiency of solar cells and develop geothermal resources. If we can't or won't face up to the obvious it's going to become necessary to face an even less desirable fact... that there will be a renewal for the mining of uranium and developing and utilizing more Nuclear power. Even worse we face the possibility of losing our National parks to allow further oil related development. Utah, Colorado Wyoming and Alaska are the states who will suffer the most. The development of our tar sands and shale oil resources have already begun. Oil produced from tar sands is already being piped into the United States for refining from Canada and several even bigger pipeline projects have already left the drawing boards and will soon begin. It won't be long until the same will be happening in Utah and it's neighboring states.
    If we want money in our pockets and food on our tables then we need to shut down Wal Marts all over the country and do away with the the North American Free Trade Agreement. It's time for the CEO's of these U.S. Corporations to tow the line and think American First!!!

  • Once Politically Active
    Feb. 28, 2008 11:29 a.m.

    I know Studdert personally and find him to be one of the most gentle, caring and heart-felt individuals I've known, or leastwise that's what he projects. However, he has one huge failing... he is a party line individual and will not hesitate to sacrifice an individual to an organization's agenda even if the organization is wrong. Does that make him bad? No! But it does tell something of the veneer this person works from behind.

    He was and is still the champion of Reaganomics.

    Reaganomics is a fantasy of disastrous proportions and consequences. Reagan's tax break benefited only the rich and privileged, which he offset with the single largest peace time social security tax hike in history... to pay for his tax break... at the sole expense of middle class Americans. We're still suffering from the residual of his fantasy-based economics.

    Want to straighten out America's economy? ... get back to giving middle class Americans a fair shake. Politicians (from both parties) need to quit making economic war on middle class America. Maybe it's time to scrap the whole tax code and implement the Fair Tax. For sure, middle class America would be the primary beneficiaries to that one.

  • Spanky
    Feb. 28, 2008 11:13 a.m.

    Today, when Bush was asked about gas reaching $4 per gallon by spring, he replied.."That's interesting. I hadn't heard that. ... I know it's high now." This is the kind of president that Republicans wanted. God help us all.

  • kent
    Feb. 28, 2008 11:13 a.m.

    Now all we have to do is get some real people like mr studdent run for office. There is no one out there running for political office, locally ar nationally that I would even waste my time to vote for. Two wrongs don't make a right.

  • Nuclear Option Explained
    Feb. 28, 2008 10:59 a.m.

    My comment makes perfect sense. "Nuclear Option" is the term China's own state media uses to describe the scenario of China dumping our debt on the financial markets. China threatened to dump our debt on the market last October when our government threatened trade sanctions, in an effort to force the Chinese to allow the yuan to float. You haven't heard much about our government trying to force the Chinese to allow their artificially low currency to revalue to what it should be. Why haven't you heard anything about it? Probably for the same reason you can't boss your bank around.

    Here is the bottom-line point in case you don't understand currency and debt markets: China could absolutely devastate the country without ever firing a nuke.

    It is true that China would be hurt by the Nuclear Option, but not nearly as much as we would be. We "need" much more than a bike, a 400 sq. ft apartment for 7 people and a few cups of rice and vegetables per day.

  • Anonymous
    Feb. 28, 2008 10:52 a.m.

    Oh, great. Another self-declared "authority" trying to give the Skousen conspiracy clan more ammunition for their "end of the world" scenarios and panic speach.

    What a fool this man is. Doesn't he realize HE is part of several administrations that got us into the mess he is proclaiming?!

    If the sky is really falling the way he claims, then HE is to blame. And if he is that stupid, then perhaps there is reason to believe that such stupid people really have set us up for a meltdown...?

  • Rick
    Feb. 28, 2008 10:03 a.m.

    Everybody, when you get your stimulus check from the IRS in a couple of months, make sure that you look toward the west, because it is the Chinese who are loaning you that so-called "free" money in the form of treasury bond investments. One of these days the flow of investment money from China will slow, and all of the sudden the lives of every US citizen will dramatically change. The slowing of investment money from China is inevitable, even though when it happens it will cause them pain as well. The only question is when.

  • Anonymous
    Feb. 28, 2008 10:08 a.m.

    To Nuclear Option | 9:56 a.m.

    How exactly does dumping US debt on the market have anything to do with "nuclear" anything? Your comment makes no sense. Please explain, if you are able.

  • Nuclear Option
    Feb. 28, 2008 9:56 a.m.

    Ever heard of the Nuclear Option? It has been discussed by top ranking Chinese officials. It goes like this: China holds so much of our debt that if they chose to dump our debt on the market they could destroy the dollar, and thus the country. You might think that China is so intimately linked to our economy that they wouldn't do such a thing. I hope that is the case, but China isn't exactly known for doing what you would expect. If our relations with them become strained, or they want to send a message they could easily exercise less than the Nuclear Option, which would still be devastating.

  • Anonymous
    Feb. 28, 2008 9:27 a.m.

    At least congress is working on fixing the steroids in major league baseball problem....

  • Layman Economics
    Feb. 28, 2008 9:20 a.m.

    This guy is spot on in the points he makes. As was mentioned we need to go back to self sufficiency which has been redefined by the PC as isolationism.

    One point that never gets mentioned is the economic earning disparity. I'm still seeking an intelligent argument as to why (if we are all created equal) one guy who delivers an essential service or product to the market is worth $10.00 an hour and another guy (irrespective of how many pieces of paper he has on his wall), deliver the equivalent essential product or service be worth $20,000 a minute.

    Is not government subsidy directly related to the disparity of earning. Why is it that the medical industry can casually charge fees that require insurance to pay the charges to begin with? Then instead of asking them for a rational explanation we instead grow government by stealing the fruit of the labor of those who are already under paid to pay those who are over paid.

    It's been clear to me for some time that capitalism without moral boundaries is a contributing factor relating to this coming financial tsunami.

  • Anold Evans
    Feb. 28, 2008 9:06 a.m.

    Where was this man when he joined the Reagan team? Was everything great then and now it's gone to ___ in a basket? Forget the house cards, if you could collect all the books about what is or has been wrong with American and burn them, you've solve the energy crisis. Thanks but no thanks to you, you offer nothing
    of any help to this country.

  • Thank "W" for the mess
    Feb. 28, 2008 8:56 a.m.

    And we as a State wanted ot want to continue to vote Republlican? Lets get someone like Clinto who balanced the budget and paid down the debt.

  • Grant
    Feb. 28, 2008 8:47 a.m.

    As an adviser to the past several administrations, it appears that Stephen M. Studdert himself is more to blame for our situation than any single president.

    Shame on you, Stephen M. Studdert! You are a BAD adviser!

    So why should we listen to his "sky is falling" rhetoric??

  • Federal budget
    Feb. 28, 2008 8:46 a.m.

    Folks..read the IRS 1040 booklet under the federal budget and look at Interest on the debt, entitlements, and military spending and then you'll see where the money goes. Social Security should only be for when you retire, now it is an umbrella. Bush increased the size of government by over 7% per year. The problem is that the republicans and dems are run by big government types now..we need a conservative party in power to fix things.

  • Why don't we....
    Feb. 28, 2008 8:36 a.m.

    ... declare bankruptcy as a nation and start over? It seems to work for those who can't meet their obligations at the consumer and business level. Why not the national level? Those that are hording our money will be bummed when the notes they are holding are worthless. Those that are citizens can exchange their current savings for "new" dollars. Man, I should be President. :)

  • parallel
    Feb. 28, 2008 8:39 a.m.

    I, too, am concerned about the mountains of debt and negative savings rate in this country. One thing we do have, however, is political stability (comparative, relative stability, that is) that accounts for the house of cards still standing.

    You can draw a parallel to major league baseball; for years many teams lose millions of dollars, but the owners can turn around and sell them to someone else for more than the total of what the seller paid for the team plus all cumulative losses. there's some intangible there.

    That's not to say we can just go willy-nilly on our merry way and everything will work out. Nor does it mean we have to adopt Jimmy Carter's 1970's theme of go without, reduce your standard of living, and accept that your are now third rate. Make responsible choices about what you really need as opposed to want. What do you really have a right to expect from others in the form of their taxes as opposed to what services you are willing to pay for yourself? All of this needs to be tempered with compassion for the disabled and the general good (public education, law enforcement, etc.)

  • should I laugh or cry?
    Feb. 28, 2008 8:29 a.m.

    WASHINGTON - President Bush said Thursday that the country is not headed into a recession and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts.

    I don't know if I should laugh, cry or throw-up?

  • Anonymous
    Feb. 28, 2008 8:19 a.m.

    I wonder what currency the prophet of doom receives when he sells his book and collects appearance fees. controversy without solution seems to pay. I prefer the cllected works of "chicken little."

  • Curious Question
    Feb. 28, 2008 8:22 a.m.

    Would anyone on this blog be interested in pushing for congressional term limits? There's been much ado made about change in the current election round, but changing the White House, in my opinion, won't affect a very broad or long lasting change. Clip the out of control Congress wings with term limits and we may really see some substantive change.

  • samhill
    Feb. 28, 2008 8:15 a.m.

    Advisor to four Presidents?? In what position precisely.

    From what I've heard of your part as the Chairman in the Fonix debacle, I can't imagine what advice you could give that would either be uniquely informative or, more importantly, valid.

  • Anonymous
    Feb. 28, 2008 8:14 a.m.

    And so a new day of revelation has dawned. We have a bureaucrat who has made his fortune feeding at the Washington trough tells us all is (or was) wrong. Hello! Are we that stupid?

  • Anonymous
    Feb. 28, 2008 7:58 a.m.

    Wonderful article! Yet, America should stop blaming our elected officials and government. We've chosen this course thus far. The change must now begin in our own lives, in our own households. Personal debt and responsibility must begin with us, including our own involvement with how our community, state and federal government are run. We've been sitting idly by as a people. The ship is about to hit the iceberg and we've had no desire to steer its course until panic sets in. Massive change must take place now to redirect the course, if possible, but the finger pointing elsewhere, should point to our own lives first and our choices we have made to lead country down this path. Then take ACTION in our communities and government to make the change.

  • Roger Babbitt
    Feb. 28, 2008 8:03 a.m.

    Since when does this "Rush" alike become an authority on the future of the United States? He, evidently, was a part of the "Reagan Revolution" which has resulted in the state of affairs now. What has conservative politics brought us to this point in time but housing crisis, a dead end war, Roe vs. Wade stronger than ever, larger government and a loss in the confidence of America. If, this man is going to through rocks, he should remember he was part of the "House Of Cards"
    built by his cronies.

  • Crazy Mormons
    Feb. 28, 2008 7:57 a.m.

    and their food storage and philosophy of getting out of debt. Mabey the time will come when they will be thought of as the genious's they are...

  • glory days are over
    Feb. 28, 2008 7:58 a.m.

    I am afraid it doesn't matter who is voted in or voted out.
    The glory days when America ruled the roost are over. Time to re-evaluate your prorities and values.
    Less is more.
    The best things in life are free.
    Perhaps there is someway I can serve somebody.

  • Wrong Priorities
    Feb. 28, 2008 7:49 a.m.

    it seems that many Americans have become obsessed with wealth and will happily buy something cheaper made in China so that they can have money to pay an outrageous mortgage on a large house, or make the payments on their Mercedes Benz car.

    This is reflected in big business who can save manufacturing costs and make a bigger profit by setting up their plants overseas, and putting American workers out of their jobs. The Government leaders have the same mindset, do whatever is necessary for re-election, without any concern for the health and prosperity of the United States.

    In days gone by, most Americans priorities were God, Family, Country. Today it seems that what most Americans value is materialism at any cost.

  • M.M.
    Feb. 28, 2008 7:38 a.m.

    Too simplistic to blame "George W. Bush & Company"
    for everything.
    If every person would look to theirselves, and how they are contributing to the problem, there would be solutions to many of our ills.

  • So Much For "Globalism"
    Feb. 28, 2008 7:43 a.m.

    What does Globalism mean to me? Let's begin with China...our national bank. We allowed them to dump cheap products on our markets, manufacturers to relocate there, multinationals, etc..the U.S. consumer can buy the 3.00 lamp at walmart while the us worker gets layed off. Our products sit while foreign product sell...DA who got bought off in congress?? China buys our TBILLS, Saudi's hord US dollars...and we've successfully allowed ourselves to be extorted. Another DA
    Politicians, repubs and dems, spend billions on education, prescription drug benefits, entitlements, and then we need to print more money while our debt rises.
    Instead of investing in American production, we have essentially sold out, spend more than we have, and then find ourselves in one big mess.
    Then, we allow anyone to invade our country to take all of our public assistance for free for them, and at our expense. Plus, under the so-called "multiculturalism" agenda, we have assaulted our Western heritage and displaced it with relative irrelevancy.
    Hey Congress, forget Clemens and get something done!

    Well folks, this is why I voted for Ron Paul.

  • BBKing
    Feb. 28, 2008 7:29 a.m.

    First, we should keep one thing in mind, and that is this gentlemans conflict of interest. Much as we have chided our legislators for not having it.

    This gentleman has written a book which I have not read but the title suggests, the more doom and gloom the higher the sales.

    This does not mean what he says is wrong. It does mean we should keep that in mind as we listen to him. A grain of salt.

    That being said, certainly we could fix a great deal of problems by balancing a budget. Stop going selling bonds, etc to China and Japan. We need to create an actual energy policy that must include diversifying the sources of our oil. And we need real leadership. Take Ethanol, that is a joke. Nothing but government to the highest bidder.

    I agree with the assessment that President Bush and company are horrible in these areas. The tax cuts have helped significantly. What they did not do everywhere else is more hurt than the tax cut help.

    The problem with Romney, which guy do we get? The one who balanced Mass budget by increasing fees $700+million, or the business manager extroidaner?

  • Jim in GA
    Feb. 28, 2008 7:29 a.m.

    I and many others have seen this coming for years. We are no longer an Independent Nation. As the article stated, we are too much dependent on foreign countries for our financial well-being.
    Every time a mention is made, or a step is taken, to help us become a more self-reliant nation, there arises objections that, in the case of oil, 'it will harm the environment, and any progress toward independence stops.
    The gentleman is correct. We need less political correctness and more political responsibility.
    This year's offerings for new Presidential Leadership is sadly lacking. I give blame for this largely on our press and media in general for having no interest in promoting the 'good of the nation'.

  • DeLaval Milker
    Feb. 28, 2008 7:18 a.m.

    Thank you for the insightful slap from reality. It's not enough, I'm sure, to wake us from our stupor of celebrities and immigrants, but it does draw attention to what's really going to bite us.
    We want the war, especially here in Utah. The four billion a week has to come out of someone else's pockets, though. We want, and will only vote for, tax cuts.
    Trouble's comin'.

  • We The People
    Feb. 28, 2008 7:15 a.m.

    The government is just a reflection of the people. Unfortunately, we get what we deserve. Government irresponsibility is a reflection of personal responsibility.

  • JH
    Feb. 28, 2008 7:16 a.m.

    When are we going to do something about "term limits" on congressmen. Having a Representative in Washington for years turns all good men bad and all bad men worse. Get them in, get them out. It would be interesting to see if someone else could do better. We will never know so long as we keep re-electing the same guy.


    Is it time for change? Let it start there!

  • russ
    Feb. 28, 2008 7:00 a.m.

    Definitely paints a bleak picture. And most of what he says is correct.

    Yah just can't vote for more of the same. You have to vote for someone who will change this digging of the hole.

  • John
    Feb. 28, 2008 7:04 a.m.

    This trend toward self destruction started out of the great depression with the administration of FDR and has continued with more and more people expecting more and more money in some form from the government. The government has become the controlling economic power in the country because of their ability to tax and the penchant to win elections by handing out entitlements (bribes) to every class of citizen. Until we reverse this attitude we will continue down the path of economic collapse. It could start with each of us becoming more dependent on ourselves by reducing or eliminating our personal debt and become self sufficient and not having to rely upon the government although programs they have passed like medicare require our older citizens to become dependent on government and now Hillary want national health care which will end up really bankrupting us. It is time to wake up and quit being complacent about what is happening around us.

  • Ryan
    Feb. 28, 2008 7:03 a.m.

    What will happen when the world has grown tired of "America: World Police", and they decide that WE are a threat and part of the "Axis of Evil"? Will we be able to defend our homeland if half of our military is stationed in Europe, the Middle East, and Korea?

    Bring them home, and let's focus on OUR problems!

  • Mel
    Feb. 28, 2008 6:56 a.m.

    I agree "Utah Resident" and Bob G. I've been, much less articulately, saying the same thing and have been told I wasn't 'patriotic'.

  • Buster
    Feb. 28, 2008 6:54 a.m.

    Bush did what he set out to do. There was a budget surplus. Bush's job was to extract as much money as he could and send it along to his patrons. At that, he's succeeded wildly. To the devil with the rest of us.

    Bin Laden was a lucky break for him, giving him a means to frighten us while he emptied the till.

  • Not Scared
    Feb. 28, 2008 6:52 a.m.

    What if Saudi Arabia stops selling us oil. Many African nations would love to replace Saudi Arabia. What if China holds trillions of dollars. Count the number of Chinese. A one year crop failure divided by over a billion people who would have to buy rice from us would settle the score. Nearly all Americans know where we will sleep tonight and where our next meal will come from. Our questions are should we vacation at the beach or the mountains. You have to be in the dark to be afraid of this monster.

  • Kevin
    Feb. 28, 2008 6:45 a.m.

    I wonder if taxes will have to be raised simply for government bonds to keep their AAA rating.

  • Utah Resident
    Feb. 28, 2008 6:31 a.m.

    Thank you George W Bush and Company.

  • EBOB454
    Feb. 28, 2008 5:59 a.m.

    Living off debt is like robbing a bank. It works great until the robber gets caught or runs out of money. Since the robbers in the USA are our politicians (law makers) and their associates, running out of money is the only real issue. The party will end in the USA when:

    (1) Foreign nations will no longer lend (give) money to the USA.

    (2) The money supply can no longer be expanded without causing hyper inflation which would be opposed by WE THE PEOPLE.

    (3) A significant percentage of tax revenue is required to pay interest on government debt.

    (4) A significant percentage of other income is required to pay interest on non government debt.

    Stimulating the economy by Debt Creation is a hoax. The USA needs to focus on Wealth Creation.

  • Anonymous
    Feb. 28, 2008 5:54 a.m.

    Our necons would call this guy "from the drive-by media" or worse yet - a traitor to America for suggesting that anything could be possibly wrong.

  • Anonymous
    Feb. 28, 2008 5:49 a.m.

    Of course the day wouldn't be complete without some Rush O'Hannity whining about his attachment to Mitt Romney. : >

  • Bubble going to burst
    Feb. 28, 2008 5:25 a.m.

    People are so worked up about terrorism and illegal immigration. All smoke screens, this is the real issue of the coming election. We are going into debt to the tune of 1 billion dollars per day to China. While national debt accumulates, personal debt is also buring the wick on the other end of the candle. Our greed and materialism are consuming more than is being produced. The laws of economics dictate the bubble will be burst and a balance of equilibrium will occur. It's just a matter of when, beause the dollar is already losing much power. Quit buying cheap Chinese manufactuered goods.

  • Bob G
    Feb. 28, 2008 5:07 a.m.

    Where has this guy been hiding? This article should be posted on every desk of every representative at every level of government. Someone with clout has finally put in writing what has been so obvious for years to the american consumers and the american people, at least to some of us. However, it will require our representatives to stop thinking about self interest. It seems many advisors to those makeing the decisions have not listened to. Why hire advisors if they don't listen to them? Our highest leader, Bush, is more concerned about being able to eaves drop on his neighbor and countrymen than the state and stability of our economy. Bush never has shown any intelligence to lead a nation, he acts more like a CEO for corportate america than the leader of a powerful nation of people. When this country does crash, and every day that goes by it gets closer, it will make the great depression look like a cake walk. Every thing that was set in place to prevent the cause and effects of the great depression has been overturned and nullified. The greatest national security threat to our country is from within, not Iraq.

  • Concerned
    Feb. 28, 2008 4:52 a.m.

    This country for the past fifty years has been sold out to the higest bidder by our elected officials in washington D.C.these same officials put their hands on the holy bible and swore to uphold the constitution of the U.S.A.about the only thing they have accomplished is lining their own pockets at the expense of the taxpayers.it amounts to outright TREASON but none are held accountable.if this countrys finances were fully investigated we as a country would be shut down like ENRON.!!!!!!

  • HB
    Feb. 28, 2008 4:11 a.m.

    There is no more "power of the polls". In the 1970's, newspaper stories pointed out that three out of every five people in the United States were dependent upon government for their living. That would include welfare recipients, Social Security recipients, and those employed by government in the endless bureaucracies administering these programs. The two out of five in the private sector will never be able to out vote those who want to maintain their government paychecks.
    I believe it was Benjamin Franklin who said that we would lose our freedom when people discovered that they could vote themselves money from the government. And the government is not a producer; it must always pass laws to take money from the producers to give to others who did not earn it.
    I would like to see some in depth articles on how many people today are depending on government money versus those who are producers.

  • Ed C. Cook
    Feb. 28, 2008 3:47 a.m.

    Since when are these ideas new? Every since FDR, some
    Republican has predicted America's demise.

  • TOT
    Feb. 28, 2008 3:38 a.m.

    Now is the time for a man like Ron Paul. Romney is more of the same.

  • TOT
    Feb. 28, 2008 1:50 a.m.

    WOW!! A little truth and warning in the newspaper. This guy is on target. Of course, these are the same things that bloggers and others have been saying for more than three years, some for many years. The comptroller general just resigned after warning for years what's coming. That should scare you.

    "Today the United States of America is a house of cards that could tumble at any time," he said.
    "The elements of a perfect storm of destabilization and crisis are all about us."

    You stick your head in the sand at your own peril.

  • Gibson
    Feb. 28, 2008 1:35 a.m.

    I respect Studdert for being forthright. He is also a very engaging speaker. What he didn't say is this is the time for a man like Romney. Four years from now may be too late.