More U.S. banks have failed during the first three years of the Obama Administration than in all eight years of the George W. Bush Administration.
Three banks have already failed in 2012, following the 92 banks that went under in 2011 and the 157 banks that failed in 2010 and the 140 banks that failed in 2009, according to the Federal Deposit Insurance Corporation.
Congressman Jim Gerlach, R-PA 6th Dist., is partnering with state and federal agencies to provide information about international trade to local employers.
Gerlach will be holding a Free Trade Agreement Forum for local businesses on Friday to provide information about the resources available for employers interested in selling their American-made products overseas.
Here are the details:
WHAT: Chester County Economic Development Council WHEN: Registration and light refreshments will be served at 8:00 A.M. The program will begin at 8:30 A.M. and end at 12 noon. WHERE: Chester County Economic Development Council, 737 Constitution Drive, Exton PA 19341
From a press release issued by Gerlach:
President Obama this week sent free trade agreements with South Korea, Panama and Colombia to Congress for ratification. These free trade pacts are expected to create new opportunities and new jobs for local companies by lifting tariffs and other barriers imposed on U.S. goods.
The Small Business Administration, Export-Import Bank, U.S. Commercial Service, World Trade Center Philadelphia, and the Pennsylvania Department of Community and Economic Development will discuss the array of resources available to companies. Two local businesses – Allied Wire & Cable of Collegeville and Analytical Graphics Inc. of Exton -- also will share tips on how they have succeeded in international trade.
How many times can one person get it wrong? Barack Obama still doesn't have a clue on how to turn around the U.S. economy.
From an op-ed by Sen. Ron Johnson:
Since taking office in admittedly tough economic conditions, the president has taken America 180 degrees in the wrong direction. His failed $825-billion stimulus, Obamacare, Dodd-Frank and the explosion of his administration’s other job-killing regulations have combined to put a stranglehold on our economy.
The liberal Los Angeles Times, an Obama supporter from Day 1, admits on its editorial pages what Barack Obama and his economic advisers refuse to see: They got it all wrong on the economy. The newspaper says it's time for a fresh start.
The Republican National Committee has done a nice job of recapping Barack Obama's legacy on the economy so far. Hekavu, job.
HOW HAS OBAMA DONE?
$1.65 Trillion: Projected Federal Deficit For FY2011 – Will Be The Largest In U.S. History. (OMB, 2/14/11) $1.42 Trillion: Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 10/7/10) $1.29 Trillion: Federal Budget Deficit For FY2010 – Second Highest In U.S. History. (CBO, 10/7/10) 44.6 Million: Americans Receiving Food Stamps. (The Wall Street Journal, 5/31/11) 14.0 Million: Unemployed Americans. (Bureau of Labor Statistics, Accessed 7/14/11) 6.8 Million: Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 7/14/11) 2.5 Million: Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/14/11) 2.0 Million: Private Sector Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 7/14/11) 1.8 Million: Jobs Lost Since Obama's Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 7/14/11) 1.59 Million: Personal Bankruptcies In 2010. (United States Courts, 2/15/11) 9.2%: Unemployment Rate. (Bureau of Labor Statistics, Accessed 7/14/11)
Tony Phyrillas is the editor and content manager of The Mercury, a two-time Pulitzer Prize-winning daily newspaper in Pottstown, Pa. Phyrillas has won national and state awards for political commentary, including first place for column writing in 2010 by the Pennsylvania Associated Press Managing Editors. Phyrillas has been featured on National Public Radio and The New York Times and is a frequent commentator on radio and television programs. He co-hosted 'Talking Politics with Tony Phyrillas & Mike Pincus' on WPAZ 1370 AM from 2008 to 2009.
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