Category Archives: Economy

Bank Failures Continue on Barack Obama’s Watch

Three years ago today, I shared news about the skyrocketing number of bank failures during President Barack Obama’s time in office. Today, I share an unbelievable update.

Screenshot of July 12, 2012, post on bank failures under Obama.

Screenshot of July 12, 2012, post on bank failures under Obama.

On July 12, 2012, I not only recalled details from a July 13, 2008, piece in which I highlighted the Federal Deposit Insurance Corporation‘s list of 33 banks in the United States that had failed since 2000, but I also showed readers how many banks had failed between July 2008 and July 12, 2012. Specifically, I wrote:

The list of U.S. banks that have failed since 2000 has grown from only 33 in July 2008 to nearly 500 today, and the vast majority failed AFTER President Barack Obama took office.

What has happened since publishing that post three years ago? According to this FDIC list, another 67 banks — or almost two per month — have gone under. Included among them was the Feb. 27 failure of Doral Bank in San Juan, Puerto Rico, with more than $1.3 billion in assets at the time of its closure — and the Sept. 13, 2013, failure of  The National Bank of El Paso, with $3.1 billion in assets at the time of its closure, a figure listed atop Wikipedia’s “List of largest U.S. bank failures.”

In total, approximately 600 banks have failed since I began keeping score, and the vast majority — more than 80 percent of them — failed during Obama’s watch. And that’s a problem, because the United States of America can do better and must do better!

For links to other articles of interest as well as photos and commentary, join me on Facebook and Twitter.  Please show your support by buying my books and encouraging your friends and loved ones to do the same.  To learn how to order signed copies, click here. Thanks in advance!

Click on image above to order Bob's books.

Click on image above to order Bob’s books.

Who’s Telling Truth About Nation’s Job Numbers?

Today, I ran across conflicting numbers about the nation’s employment situation. You decide who’s telling the truth.

Sen. Claire McCaskill's (D-MO) Job Numbers Lie

One set of claims (above) comes from Sen. Claire McCaskill (D-MO). In a graphic on her Facebook page. She shares this: “ICYMI: The economy has added 12.3 million private sector jobs in the last 62 months.”  In case you missed it, Claire, the economy is in the toilet thanks to you and your president’s misguided and dangerous policies and actions.

Zero Hedge: Not in Labor Force

A second set of claims comes from the popular website, Zero Hedge, and is accompanied by the an explanation that describes the April 2015 jobs payroll report as “unambiguously” unpleasant and indicative of “the accelerating deterioration of the broader economy.”

Bureau of Labor Statistics 5-9-2015

Finally, a set of numbers from the Bureau of Labor Statistics shows the civilian labor force participation rate in the form of a chart that resembles a playground slide more accurately than it does anything positive about the economy.

All that in mind, please take my advice: DO YOUR HOMEWORK BEFORE YOU RE-ELECT ANY DEMOCRAT OR REPUBLICAN RESPONSIBLE FOR THIS SLIPPERY SLOPE.

For links to other articles of interest as well as photos and commentary, join me on Facebook and Twitter.  Please show your support by buying my books and encouraging your friends and loved ones to do the same.  To learn how to order signed copies, click here. Thanks in advance!

Click on image above to order Bob's books.

Click on image above to order Bob’s books.

Author Finds Uncashed Check in Box of Memories!

On Sunday, I found a check — dated Sept. 14, 1970, and payable to yours truly that appears to have never been cashed — and decided to look up the bank online to see if I might be able to cash it today.  I was astounded by what I discovered.

I found this check while rummaging through a box of old photos recently acquired from my parents.

I found this check while rummaging through a box of old photos recently acquired from my parents.

After finding the check while rummaging through the contents of a box full of memories given to me by my 90-year-old parents recently as part of their never-ending effort to downsize, I went online and ran a Google search for the exact phrase, “Waukomis State Bank.”

The top search result looked promising, so I clicked on it and learned the small bank then located on Main Street only a few miles south of my forever hometown of Enid, Okla., had “merged with financial assistance into Cimarron Bank” Dec. 8, 1988.

Still curious, I clicked on the FDIC number shown for Cimarron Bank and learned it had “merged without assistance into The Bank of Woodward” May 28, 1993.

When I clicked on the FDIC number shown for The Bank of Woodward, then located on Main Street in a town about an hour west of Enid, I learned it had “merged without assistance into Boatmen’s National Bank of Oklahoma” May 29, 1993.

Another click — on the FDIC number for Boatmen’s National Bank of Oklahoma, then located on South Boulder Avenue in Tulsa — yielded news of yet another change in the banking landscape. The bank located almost two hours east of Enid had “merged without assistance into Bank of America, National Association” July 11, 1997.

Though I assumed the trailed ended there since Bank of America was still an active bank, I clicked on the FDIC number for the Charlotte, N.C.-based banking giant and discovered I was wrong. Somehow, Bank of America, National Association had “merged without assistance into Bank of America, National Association” July 23, 1999, the same day BoA had merged with NationsBank N.A.

And that’s where the trail ended for the uncashed check that will turn 45 years old in less than eight months. If only I had cashed that 25-cent check. Oh, the possibilities!

To see the face of the kid who should have cashed that check a long time ago but probably didn’t know how, click here.

For links to other articles of interest as well as photos and commentary, join me on Facebook and Twitter.  Please show your support by buying my books and encouraging your friends and loved ones to do the same.  To learn how to order signed copies, click here. Thanks in advance!

Click on image above to order Bob's books.

Click on image above to order Bob’s books.

Halloween Flashback: A Teachable Moment from 2008

EDITOR’S NOTE:  Today, I share an updated version of a post I published for the first time Oct. 24, 2008, describing what Halloween 2009 would be like for American children if Barack Obama became the nation’s 44th president. Little did I know, things would turn out worse that anyone could have anticipated. Please read and share.

Biden-Obama-Pelosi

I’m not a big fan of Halloween, but I have some advice for those of you who expect to allow your children to take part in the ritual of trick-or-treating. Use the five guidelines listed below and allow the 2014 version of the costume- and candy-intensive holiday to serve as a teachable moment about socialism and about “spreading the wealth around” in the manner touted so often by candidate-turned-President Barack Obama:

1.  Tell your child he cannot eat any of the candy he collects and will, instead, have to take all of it to the Democrat or Socialist Party office nearest his home (wipe tears);

2.  Tell your child he will have to turn over his bags full of candy to the government-authorized agents who, while working in concert with the aforementioned parties, will also record his name, Social Security number and contact information for future use (wipe tears);

3.  Tell your child he will have to wait 12 weeks for the government-authorized agents to count all of the candy he collected and repackage it for equal-share redistribution among all children in their community (wipe tears);

4.  Tell your child that, within 12 weeks, he should expect to be provided instructions as to how he might be able to pick up a his fair and equal share of the treats he collected after the government-authorized agents finish counting all of the collected collected candies (wipe tears) [Note: Because aforementioned agents are products of Common Core teaching, counting may take longer than 12 weeks.]; and

5.  Tell your child that the scenario above offers a glimpse of what the future in the United States will look like if socialism is allowed to flourish (wipe tears for last time) and that he can keep his children from having to experience such pain by voting for — and by encouraging others to vote for — Big-C Conservatives whose values line up with those of this country’s founders and the framers of the U.S. Constitution.

Please vote wisely Tuesday and in 2016.

Click on image above to order Bob's books.

Click on image above to order Bob’s books.