Daily Archives: July 16, 2009

Jul 16 2009

Colorado bankruptcy filings has soar in 2009

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Heavy mortgage debts and a tough economy pushed Colorado bankruptcy filings up 38 percent in the first half of the year.

The U.S. Bankruptcy Court for Colorado recorded 13,041 new filings in the first half of the year, compared with 9,470 in the same period of 2008.

“I’ve been doing this long enough to see four recessions, and this is the worst I’ve seen in the last 24 years,” said Stephen Berken, a Denver bankruptcy lawyer.

Berken, who filed four cases Wednesday, said unmanageable mortgage debts are behind more filings. Historically, high medical bills, divorce and job losses trigger filings.
People with businesses in real estate, construction and mortgages are showing up in increasing numbers, said John Turner.
Small businesses, especially retailers, are hurting Read More

Hang on there people in Colorado you have seen nothing yet until all of Obama’s tax increases hits home to pay for his socialist healthcare and Cap and Trade bills. Wait until the inflation of the dollar comes because of Obama printing money that we don’t have. Oh yes its going to get much worst in Colorado and all the States! Thats what you get when you elect a socialist president with radical policies!

LINKS:

(1) Socialized health care and the death of choice

(2) Video: Health rations and you

(3) Small Business Lender in Danger of Bankruptcy

Jul 16 2009

Obama Owns The Economy, “Give it to me!” says Barack!

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With four simple words — “Give it to me!” — President Barack Obama took possession of the economy.

For months, the White House and Obama’s economic team have laid the economic crisis at the feet of President George W. Bush. But there comes a point in a presidency when inheritance becomes ownership. Obama made that pivot this week in Michigan, the state suffering the worst unemployment in the nation.

“I love these folks who helped get us in this mess and then suddenly say, ‘Well, this is Obama’s economy,’” the president said, pointedly deviating from his prepared text. “That’s fine. Give it to me!”

It was a defiant moment, reminiscent of Bush’s own “Bring ‘em on!” taunt in 2003 to militants in Iraq.

Like Bush’s brash challenge, Obama’s could haunt him, too. It’s a calculated risk that confronts his critics head-on and casts him as an activist, on-the-job president.

Rep. Candice Miller, R-Mich., said Tuesday, voicing a common GOP refrain. “I don’t even think we have Wendy’s jobs anymore. Where’s the beef? Where’s the jobs?” Read More

Obama was ready on day one he said, Obama was ready for the 3 O’clock call and so far I don’t think he was ready for his diapers to come off for training pants! Our country is in a mess and we the people have a hard road ahead caused by Barack Obama and his socialist policies.