The Great Depression Online

Great Depression Online Archive Issue:

Opportunities Too Big To Resist

Great Depression Online
Long Beach, CA
September 14, 2010

Inside This Issue You Will Discover…

*** Good Intentions
*** No Greater Motivator
*** Opportunities Too Big To Resist
*** And More

Good Intentions

What’s with all the signs?  We see them everywhere we look.  But not just Project Funded by the American Recovery and Reinvestment Act signs.  The latest signs to dot the city scape shout NOW ACCEPTING E.B.T.

Jack in the Box, Church’s Chicken, Wing Stop…and more.  These signs are popping up faster than Lindsay Lohan drops out of rehab.  Hardly a day goes by without another fast food peddler posting an E.B.T. sign in its window.

If you’ve never heard of E.B.T. we’ll forever end your bliss.  It stands for Electronic Benefits Transfer and, in essence, is a food stamps debit card.  We’re in a 21st century depression, you see, instead of soup kitchens and cabbage stew it is government funded debit cards and buffalo wings dunked in ranch dressing.

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There are thousands of talented writers who make a pittance from their writing because they don’t know what readers want to buy or how to sell it to them.  That’s the opinion of Robert W. Bly, a self-made multi-millionaire and author of 77 book including Write and Sell Simple Information for Fun and Profit, just published by Quill Driver Books.

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And, as with any wealth redistribution program, potential for misuse abounds.  In fact, we’ve heard reports of California welfare recipients using state-issued debit cards to pull out cash from ATMs located in Indian Gaming Casinos.

Let’s see…  The state’s 76-days behind schedule passing a budget, controller John Chiang could issue scrip in lieu of real money to state workers any day now, yet the state is inadvertently subsidizing Indian Gaming with E.B.T. cards.  Good grief.  Where have all the good intentions taken us?

But that’s not all…there’s more…

No Greater Motivator

Census figures for 2009 will be released this week and the word on the street isn’t good…

“The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty,” reports AP.

“Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase to the range of 14.7 percent to 15 percent.

“Should those estimates hold true, some 45 million people in this country, or more than 1 in 7, were poor last year.  It would be the highest single-year increase since the government began calculating poverty figures in 1959.  The previous high was in 1980 when the rate jumped 1.3 percentage points to 13 percent during the energy crisis.”

It’s pretty simple.  Higher unemployment generally means higher rates of poverty.  More poverty means more E.B.T. cards.

So if there were no E.B.T. cards everyone would starve…right?

Well, of course not.  Remember, most people aren’t helpless…and it doesn’t take much to earn one’s daily grub.  Plus there’s no greater motivator than an empty stomach.  When faced with the choice of sitting around with an empty stomach or getting up and getting after it, we suppose, even the most lethargic among us, will chose the latter.

Opportunities Too Big To Resist

There are many things we could ridicule the President for.  Like that his Nobel Prize is a farce.  Or that he throws a baseball like a girl.  Or even his dog named Bo…if you’ve seen the thing, you can’t help but point and laugh.

But while the AP story noted the record poverty increase occurred “on President Barack Obama’s watch,” for this we’ll give him a pass.  The events leading to massive unemployment and poverty increases took place long before he came to office. 

Nonetheless, when faced with the largest economic downturn since the Great Depression the President, took his cue from his Chief of Staff, Rahm Emmanuel…

“Rule one: Never allow a crisis to go to waste,” said Emmanuel in November of 2008.  “They are opportunities to do big things.”  And that he’s done…

The President signed the American Recovery and Reinvestment Act to stimulate the economy with $800 billion of borrowed money.  He nationalized General Motor on the taxpayer’s tab.  He signed into law the capital consuming “cash for clunkers” program.  He rammed universal health care down the people’s throats.  And much, much more…

The opportunity for Obama was too big to resists.  And his ideology is too full of conceit to do otherwise.  If this keeps up, we’ll all be using E.B.T. cards for dinner.

Bon appetite.


M.N. Gordon
Great Depression Online

P.S.  According to Bly, the surest road to a six-figure income as a writer or Internet marketer is to sell how-to and self-help information.  While poems and short stories earn next to nothing, and most novels never pay back their advance, the public has a huge appetite for how-to instruction on everything from growing tomatoes to tantric sex.

Click here NOW for more information and to start writing for fun and profit today!

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