$5,657,492 to create a single job! Has Washington lost its MIND?

According to the Special Inspector General for TARP, Washington has spent a total of $3.7 trillion on bailouts and Fed money-printing — NOT including trillions in other government guarantees — to fight this recession so far.

Meanwhile, since the labor market began recovering a bit this year, a total of 654,000 jobs have been created.

So let’s do the math: Just divide $3.7 trillion spent by the 654,000 jobs that were created, and you’ll see that

Every one of those new jobs cost
a staggering $5,657,492 to create!

That’s more than an outrage; it’s patently idiotic: The median income for full-time American workers is only about $45,000. At that rate, it will take nearly 126 long years for each new job to generate paychecks worth over $5.6 million!

And with an average tax rate of 25 percent, it will take the government about five hundred years to recoup the money from income taxes.

Worse: Despite the fact that Washington has thrown money at this recession like there’s no tomorrow, nearly TEN MILLION Americans are still relying on unemployment checks to put food on the table:

• Right now, 4.45 million American workers are receiving regular unemployment insurance. Plus,
• Another 5.28 million are receiving emergency benefits just extended again by Congress.

If all this truly could plant the seed for a healthy recovery, it might pay off someday, somehow. But it’s not working, and, just as the government’s political and financial capital is running out, unemployment is RISING again: Just last week, initial jobless claims were expected to drop. Instead, they surged: A staggering 484,000 workers filed for unemployment benefits for the first time!

Just as we’ve been warning you, this much-vaunted recovery is proving to be a sham. And what we’re seeing in the cards for the months ahead is equally astounding.

In contrast …

These Foreign Economies
Are Still Enjoying Solid Growth

Recent news of a “slowdown” in China means their GDP may grow by “only” 9 percent this year, STILL four times better than the U.S., which economists now estimate could be around 2 percent.

And “a slowdown” in Singapore would mean “only” 12 to 13 percent growth instead of the 14 to 15 percent recently forecast by Prime Minister Lee Hsien Loong.

What about the recoveries in countries like Brazil and Australia? They barely had a recession to begin with. So there was virtually nothing to recover from!

This is why their stock markets have been greatly outperforming ours.

And this is why it’s so critical that you join us online the day after tomorrow (Tuesday at noon Eastern Time), when my team and I present “Eight Bold New Forecasts for 2010.”

But registration for this watershed
event CLOSES TOMORROW!

Our mission at Tuesday’s historic briefing is simple — to help you anticipate … protect yourself … and profit throughout the rest of this year and well into 2011:

• Mike Larson will report on the Federal Reserve’s plan for the months ahead — why the future of the U.S. economy is now more closely linked to “Helicopter Ben” Bernanke’s money-printing obsession than ever before …
• Claus Vogt will check in from Berlin to reveal what the U.S. news media won’t tell you about the newest and gravest dangers posed by Europe’s on-going economic nightmares …
• Tony Sagami, who lives in Asia, will give us his “boots-on-the-ground” assessment of the greatest profit opportunities in China and Southeast Asia …
• Rudy Martin, our South American expert will highlight opportunities in two nations he believes will outperform most of Asia in 2010-2011, and …
• Ron Rowland, rated by Hulbert as a top investment authority over the past 17 years, will name the ETFs he believes will be the world’s best performers for the rest of 2010 and beyond.

Here’s just a small sampling of the indispensable investment news, analysis, forecasts and recommendations you’ll receive during this briefing:

• NEW explosion in Washington debt just ahead: The shocking reason why the U.S. deficit is about to blast through the $2-trillion-per-year barrier and beyond — no matter WHO GETS ELECTED in November …
• The European sovereign debt crisis is over — right? WRONG! Startling evidence that the worst — by far — is still ahead …
• Is the Chinese boom just another bubble? Or is it for real? What’s the best way to profit? What’s the #1 mistake to avoid?
• The often-overlooked Asian nation with economic growth that makes China PALE by comparison: Its stock market is beating the Dow by more than NINE to ONE!
• Two Latin American countries set to outperform Asia: They have no foreign debts. They’re fundamentally stronger than China and India. Huge profits possible!
• PLUS CRITICAL SELF-DEFENSE: Our experts will give you specific strategies for protecting your wealth as each of these major trends bursts into the headlines, and …
• SPECIFIC INVESTMENTS SET TO SOAR: Recommendations anybody can follow … that are as easy to buy and sell as IBM and Microsoft … and that could multiply your profits many times over.

This all-important briefing is our gift to you, and registering takes only a few seconds.

But registration CLOSES TOMORROW: So be sure to reserve your place before then.

Here are the details:

Date: Tuesday, August 17, 2010

Time: 12 Noon Eastern Time

Format: High-quality video online

Price: $0 (Click here for your free ticket)

Good luck and God bless!

Martin

---

© 2010 by Weiss Research, Inc. All rights reserved.

15430 Endeavour Drive, Jupiter, FL 33478