Most Americans continue to have favorable opinions of capitalism and the free enterprise system.

However, just 24% have a favorable opinion of socialism. A new Rasmussen Reports national telephone survey finds that 67% have an unfavorable view of that economic system. (To see survey question wording, click here.)

Well THAT didn't take long. The confetti thrown on college campuses has barely been swept up after Barack Obama's reelection, and reality has smacked more of his children in the face. This is happened faster than any of these fools could have imagined. You will recall that Obama's union children at Hostess found out what real life is about last week. This week, his college student children got their dose of cold truthThe stroke across the student loan crowd's face is the news that in the 3^rdquarter, the number of student loans in default has skyrocketed.

.....The amount of outstanding student loan debt has reached $956 billion, having climbed $42 billion in just the last quarter alone. Obviously, the effects of a 53% underemployed/ unemployed rate among those graduating from college last May is taking hold of these young fools. Fully eleven percent of all student loans are delinquent for more than 90 days.

Probably very few of Obama's college children, who have outstanding school loans, understand that they can NEVER walk away from their debt because it is NOT dischargeable in a bankruptcy; but they will soon find out. How they expect to live a life of their own in a country that offers them no jobs but demands repayment for their useless degree is a mystery.

Worse still is that this report is “likely to understate actual delinquency rates because almost half of these loans are currently in deferment, in grace periods or in forbearance and therefore temporarily not in the repayment cycle” according to Zerohedge.com. The explanation goes on to say: “This implies that among loans in repayment cycle delinquency rate are roughly TWICE as high".

The rate of delinquent student loans jumped by 2% in just the three months following last May, and the total amount of outstanding student loans is now pressing $ 1 trillion. Since trying to tell these foolish children this was coming made no impression, maybe the demand letters the hounds at the IRS will be sending them will make an impression.

We meet on the heels of an enormous people's victory. It was a long and bitterly contested battle in which the forces of inclusive democracy came out on top. The better angels of the American people spread their wings,”

....blacks, Hispanics and women worked together to defeat “racist … white people” and that it now is time for the Communist Party USA to work on the foundations established by Obama on issues regarding the environment, homosexual marriage and minorities to its potential.

“Worse still, close to 65 percent of white men cast their vote for Romney. What motivated them can't be reduced to race alone. A substantial number of white people, I'm sure, bought the idea that in an underperforming economy Romney would be a better steward than the president. And there were other issues that motivated them to vote for Romney as well,” he said. “But, at the same time, for many of them, racism must have either taken up the biggest space in or is closely entwined with the bundle of resentments and wrong understandings that accounts for their voting behavior.”