This room is for the discussion of current events,cultural issues and politics especially in relation to Catholic values.
Saint Thomas More was martyred during the Protestant Reformation for standing firm in the Faith and not recognizing the King of England as the Supreme Head of the Church.
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The leader can make a difference in a trend, but the leader needs to know the difference between right and wrong.
Apologies to others for the diversion from the forum's premise.
CREDIT UNIONS by contrast are essentially private corporations owned entirely by the depositors/customers (shareholders/members) - any one of which may submit themselves for consideration as a board member. Profits do not "leave" the institution, but return to the shareholders. In addition, Credit Unions have higher restrictions on them - for instance they must retain higher "reserves" (they can't over leverage themselves as much as Banks) - which protects their members. They have virtually the same "Deposit Insurance," and they enjoy a little better tax treatment as a tax-paying entity.
The BANKS have been attacking Credit Unions for quite some time. About 30 years ago, the banks wanted access to the CU's reserves; A Senator from Oregon was one of the lead defenders. More recently, the banks have been petitioning the Gov't to remove their favored tax status of CU's, largely because CUs have been gaining ground - especially after the recent economic debacle. I believe the Banks 'lost' in both cases.
There was actually a national, grass-roots "dump your bank" day a couple of years ago that saw thousands of depositors withdraw from Banks and move their funds to Credit Unions (I don't recall what the $ figures were); the Banks were quite displeased - they got the memo, but not the message.
I hope this helps.
It is impossible to rightly govern a nation without God and the Bible"
If the country crashes, most of the people you know and probably you yourself will be dead within two weeks. Look at the pictures of the aftermath of Tropical Storm Sandy or Hurricane Katrina and you can begin to get an idea of what life would be like without gasoline, food, water, or electricity. Take away any semblance of authority, and there you have "post-crash" America.
If you have any friends or relatives anywhere else in the world, be very nice to them; you may need them, because you would be far better off there than here (and it doesn't matter where "there" is).
It has been many decades since we have been self-sustaining citizens who lived on farms and had the skills and the wherewithal to tough a situation out and survive. I don't think anyone has any idea of what a crash would look like. The idea that we will all simply get together and put together a new government is absurd; the Civil War would look like a birthday party in comparison.
We all know the figures, no matter what party is in office, do not present an accurate picture., for no other reason that people who are not working and are not actively seeking work are not counted as unemployed. Nevertheless, those figures are compiled in a consitent manner across all administrations.
However, a more complete examination of all the Governments data in this report shows the following.
1) This is now the longest stretch of 7.5% + unemployment on record.
2) Only 47% of adult Americans have full time jobs.
3) Only 58.7% of the adult civilian population is working at any job.
Now someone could argue that points 2 & 3 are misleading since the adult civilian populations include stay-at-home moms (Dads) Handicapped and other health challenged individuals whose infirmities preclude them from working, etc.
But granting them their objections and adjusting the figures for those cases still leaves those numbers at a disturbing high level.
If adult participation in the working force were at the same level as before this whole mess started, 9 million more Adults would be working than there are today.
So much for those deluded Obummer voters who believe that Democrats and Obummer are more concerned with the poor and average persons in our country.
Would a Republican, in the latest case Romney, be able to do better. Hard to say even though Romney has demonstrated an ability to succeed in the past, something that Obummer could not even convince a mentally challenged person to believe about himself.
I would argue, that no one, Republican or any of the fringe parties. could do worse. After all when Obummer, Pelosi, Barneke and the rest have done absolutely nothing right (and I am not just talking about economics) the worst anyone could do is to do exactly what this group of Yahoos has done.
I know so many people who have several jobs and I recently heard
someone say they had 5 part-time jobs, to be able to
pay their rent and support their family. No full time job with benefits for
That is what has happened to America.