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America at the crossroads...One vote from faded glory

Posted by thekeenobserver on Monday, May 04, 2009 8:06:36 PM

Back in October of '74 (1774), anti-British sentiment had spiked to a fever pitch throughout all the 13 colonies:

There was a decided furor against Lord North in Parliament and King George III. Their passage of the Intolerable Acts had the colonies in unanimous opposition against the hated Crown.

Hence, delegates were sent to convene the first Continental Congress-- all seeking remedy against tyrannical economic injustice from abroad. And from that convention, a fateful vote was cast to decide the only partisan question that had remained. And its outcome would play a critically important part of both American and world history.

By the 1770's, there were a multitude of German settlers-- roughly 300,000 American colonials were of German ancestry. Many resided in the rural parts of Pennsylvania, where they constituted almost one third of the total population. Large parts of New Jersey, New York, and Delaware were also "bi-lingual."

Thus, a vote in that first congress was proposed: it would be up to that original body of 55 representatives to determine if English were to be spoken-- or German.

In attendance during that first session was Pennsylvania delegate Joseph Galloway, who had stood up before the vote and spoke ardently in favor of reconciliation with the Crown; and it was he who ended up casting that one critical vote that determined the final 28-27 tally in favor of English.

Predictably, Galloway would later join the Loyalist cause, eventually fleeing to England; but were it not for the turncoat's critical ballot, the standard language of the world may have been German.

In 1868, it was another one-vote margin which changed the course of history: It was Abraham Lincoln's successor, president Andrew Johnson, who was saved from impeachment by only one vote.

During Johnson's trial, the House had voted by a 2/3rds margin to impeach. But since senate rules also required a 2/3rds majority, the 36--18 margin needed fell short...35 -19.

Once again, were it not for one vote, America's Reconstruction Era would have proceeded in an entirely different direction, and this land would not be the same country that exists today.

In 1886, Rutherford B. Hayes--sporting one of the great presidential names (aside Millard Fillmore)--defeated Samuel Tilden 186-185 in the electoral college, in the most bitterly partisan presidential election in history.

It was yet another 'skin-of-the-teeth' one-vote margin that again had decided the course of America's fate.

Then, on November 8, 1921, would come a vote in Europe that would decide the fate of the entire world: It was on that day that the infant Nazi party met at the Rathskeller beer hall in Munich, Germany, where Adolf Hitler was elected by ONE VOTE to be its first leader.

This may have been the most critical one-vote margin in world history--up until now.

Presently, the democrats are a mere vote shy of capturing the "magic" 60th senate seat-- a filibuster proof margin-- and may propel America into its most critical phase of history since the tumultuous 1850's, when again our country was at an inflection point-- a political chasm so wide that it could not be breached.

Ironically, this dilemma could all have been avoided if the GOP had even showed the slightest inkling of political foresight. But now, our nation may stand at the political brink for yet a third time in its 235-year history.

Exhibit A- last summer, senator Ted Stevens (R-Alaska) was indicted by the Justice Department on a flimsy, trumped-up of charge of "failing to report campaign gifts." During the entire 4-month judicial process, the republicans meekly chose to not protest the suspicious indictment at the onset; and senator Stevens' eventual false conviction came to stand-- and it was scratch one critical republican senate seat.

Exhibit B- On Tuesday, November 4, in the last general election, republican Norm Coleman defeated democrat Al Franken by 725 votes (out of almost 3 million total ballots cast) in the Minnesota senate race. But by Wednesday night, Coleman’s lead had shrunk to 477. By Thursday night, it was down to 336. By Friday, it was at 239. And by Sunday night, the difference had gone down to just 221 -- a total change of 504 votes. And all occurring BEFORE any recount.

And now, Franken is about to be declared the winner by an 225 vote margin. Since election night, Coleman has lost EVERY legal challenge, and Franken has magically gained 1000 votes.

Suspicious? Naw...Democrats always play fair 'n square.

Once again, from the day after the election, the republicans stood by and played ostrich, as democratic operatives from around the country flew into Minnesota and took charge of the critical recount, and literally stole Coleman's victory.

Yup--good job Minnesota GOP-- scratch another seat.

Exhibit C- now that "Benedict" Arlen Specter (R-Pa) has 'defected' to the democrats, scratch seat # 3; And this may be the coup de gras' for the GOP that marginalizes them into a regional party.

Remarkably, many ostrich-like republicans are treating the Specter calamity as if it were actually a POSITIVE, and are in "denial" about the ominous consequences---one party rule in Congress.

So has the GOP lost their ability to count to 60? Now the only thing standing between one-party rule for posssibly the next generation is Minnesota Governor Tim Pawlenty.

A  political dilemma now faces Pawlenty if the Minnesota state Supreme Court rejects a final appeal by Mr. Coleman over the disputed recount, putting the burden on the Governor whether to certify Mr. Franken as the official winner.

Governor Pawlenty could refrain from signing, and give his fellow Republican (Coleman) a chance to take his case to the U.S. Supreme Court, while leaving the Senate seat vacant-- denying the democrats the one vote magic 60 filibuster proof vote.

But If Pawlenty votes to allow the odious Al Franken to be seated-- it's when the levee breaks--the gates will be flung open, with chairman Obama smiling broadly as his leftist congress rams through a flood of legislation that will transform this country hard left into the "disunited states of Amerika."

By far, the most over-reaching effect (If Franken wins #60) is the inevitable passage of AMNESTY REFORM, spelling the end of an all-English speaking America, and the irreparable transition from a melting pot to parallel societies.

So prepare for "bi-lingual everything"... street signs...TV commercials... corporate phone messages & voice mail ....newspapers...magazines...printed directions on labels; even bilingual schools and internet sites.

Does this sound like the America we all love? Two languages (Spanish-English)...two cultures...and a clannish minority population unwilling (or unable) to assimilate into the American mainstream.

A generation from now, many will be wondering..."what country is this?" And "Latin America" would now span north & south for almost the entire western hemisphere.

And if Franken wins-- with no senate filibuster protection-- Obama also gets everything else handed to him on a Congressional platter:

-cap 'n trade taxes on energy consumption
-card check- forced unionism
-nationalized health care
-a feeble, downsized military;
- wide open-borders- a peril to national security
-endless judicial appointments of radical leftist judges
--green energy mandates-- "plug-in" cars
-environmental marxism (Co2 declared a "poisonous gas")
-takeover of major private enterprise
-ACORN everywhere subverting elections
-deficit social spending on steroids
-Obama's 3rd and 4th terms -passage of a constitutional amendment

And how would one-party rule affect the First Amendment?

It'll silence conservative talk radio, Christianity in public, and spell the onset of a plethora of laws against legal opposition to gay marriage, gay rights, and hate crime legislation-- even silence our ability to speak out against democratic candidates during elections.
 
It can be noted that Barack Obama received 64 million votes last November-- many of them from 2 voting groups-- 70% of the under-25, and 95% of the African-American bloc.

Democrats claim Mr. Obama has a mandate, but in reality, 260 million Americans did NOT vote for Barack Obama, or his tyrannical plan for wealth distribution that could  provoke an unwilling silent majority.

Remember the first time a tyrant pushed Americans beyond the brink? It was economic injustice that led to a revolutionary war. And what was the root cause of the Civil War?  Was it just slavery itself...or one group being pushed into an economic corner, and either lose their traditional way of life-- or fight to keep it.

And so, they chose to secede from the Union.

Americans are like no other people; when faced with economic tyranny, they'll only stand for so much before they decide to take action; and soon we may be on the verge of the next political flashpoint.

It took a full 30 years for the Civil War to fester, and within another generation, the political winds may shift to where the country PERMANENTLY divides on partisan lines, as conservative-minded states invoke their Tenth Amendment rights, as Texas governor, Rick Perry, recently mentioned.

History always repeats. Could it be possible that our federal union could disintegrate again? What would our country look like in another generation (or less) if Obammunism goes unopposed?

Remember Canada...that nation up north? We don't hear a whole lot from the Canadians these days, do we?

They were once a proud, prosperous country, and prominent on the world stage. In the Second World War, Canadian serviceman had the reputation of being some of the toughest Allied fighters of the war.

But then in the 1970's came Prime Minister Pierre Trudeau, and now, Canada is a country of faded glory.

It only took a decade for the popular Trudeau to "socialize" this once proud nation to where it is today-- a non-descript pacifist land, with a moribund economy, a downsized military, a weak dollar, a low standard of living, and the plague of nationalized healthcare.

And given the uncanny devisiveness of Barack Obama--- with his propensity to enslave unwilling Americans within his utopian ideas-- will we be seeing this same "Canadian-like" transformation in America?

Obama will now be on speed-dial, and could do it within his first term. And the only thing standing in the way of this American nightmare is that ONE vote.

Like 150 years ago, half of America may again see no sense of pulling the weight for the other half, or staying part of a union where America is no longer is the land of the free.

Governor Pawlenty can either vote to seat Franken-- a self-aggrandizing political move that would appease the state's liberal population-- or choose to patriotically stand in the way of tyranny, and preserve Mr. Coleman's fight to appeal to the US Supreme Court.

Is America about to follow in Canada's footsteps, and become a nation of faded glory? Once again it's come down to a final critical vote from just one person.

And like the first Continental Congress in 1774, outraged Americans must stand loudly in protest over the intolerable democratic theft of the 60th senate seat, for it could determine our country's fate for the next generation-- or perhaps forever.


www.keenobserver.blogtownhall.com



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Obama's in Washington...Wall Street takes a "bow"

Posted by thekeenobserver on Thursday, April 30, 2009 3:29:47 PM

St. Patrick's day, March 17-- America's favorite traditional, non-official holiday.

And going back to March 17,1976, it was a St. Patrick's day to remember for all investors, when on that day the Dow Jones Industrial Average rose 13.78 to 1009.21, and actually closed ABOVE 1,000 for the first time.

Yes laddies, the green beer on Wall Street was flowing in abundance on that storied St. Patrick's day. It touched off a wild wave of optimism: Brokerage houses across America, whose staffs had been withered down unrelentingly in a grinding 3-year bear market, were now beginning to hire again.

Spring 1976 was indeed a time for optimism in America:

The Alaskan pipeline was well underway, and was creating a new frontier of jobs above the Arctic circle. In the lower 48, large industrial companies were gearing up for new production, as orders for capital goods came pouring in.

GM was only 3 months away from introducing its brand new, beautifully designed "B- Body" line of cars that auto pundits predicted would be a huge success . The classified ad pages were expanding. It seemed as though everyone at once was starting to hire.

College grads and Phd's--who were working as gas station attendants and waiters-- now were getting replies to their resumes, as jobs offers in their fields of study actually began appearing in their maiboxes.

For the U.S., it was good times ahead after a terrible, frightening 3-year recession, that had seemed like it would NEVER end.

But then in November, 1976 came the election of James Earl Carter; and like a plane with a unconscious pilot at the controls, America's economy began another downward spiral to yet another teeth-clenching, gut-wrenching recession.

On the day after New Years, January 2, 1980, the Dow Jones had closed at a pathetic 824.57. In early 1979, inflation had reached a startling 11.3%, and by March,1980, it had soared to 13.5%. And interest rates dealt the final coup de' gras to Carter's economy, rising from an abysmal 11% in 1979, to an agonizing, staggering 19% by Jan 1981.

It was the first time in history that all three indicators simultaneously had been in such distress, and a new term emerged to define the debacle --stagflation.

But although Carter's ineptness ruined the economy, let give him at least SOME credit-- he had done it passively (unintentionally). And he did possess SOME business management expertise, because our beloved 39th president actually had spent much of his life running the family peanut farm in Plains, Georgia.

But now, we are under the wonderful economic tutelage of Barack Obama, our know-it-all, supremely confident anti-president, who professes to have all the answers to revive our grievously wounded economy.

But unlike Jimmy Carter, Mr. Obama has never run anything in the private sector, not even a Koolaid stand as a child in Indonesia, or even so much as a paper route during his adolescence in Hawaii.

Attention Wall Street... look out below!

Yes, Mr. Barack H. Obama-- the Harvard-educated lawyer--he's got all the answers... all the spiffy retorts...and all the solutions. Got a foreign policy problem? Blame Bush. Got a problem with high deficits? It's not his fault-- that too started with the "Boosh" administration.

Yes, Barack's an expert at blaming everyone but himself. He's just so smart; so prestigious, and "too cool for school." Plus the leftist media will support the his infallibility "to the bitter end"-- and it may get here sooner (2012) rather than later (2016).

Just you wait there a-while, Mr. Obama.

Our radical leftist 44th president may be facing a little surprise ahead, and it's the one thing he hadn't figured into his Machiavellian plan for ensnaring our fragile economy within his mega-government web of Socialism.

Mr. Obama can seize the auto industry, ransack the banking industry, tax the energy industry to oblivion, control the health care industry, plus whatever else the congress is willing to cede to this insatiable fascist.

But the one thing that our anti-president didn't figure on, is something immune to his politics, immune to his personality, immune to the slanted liberal media--even immune to congressional legislation:

The one economic indicator that cannot be fudged, manipulated. spinned (spun), or misinterpreted, can be found on Wall Street -the NYSE--the "home" of the Dow Jones Industrial Average.

(music)"Oh give me a home... where Obama can't roam..."

Right now Wall Street "experts" (propagandists) claim the Dow is on a roll--recently closing above 8000-- up over a thousand points from just a few weeks ago.

But in the parlance of the insiders (who really influence market direction), it's nothing more than a "sucker rally"-- the result of tens of thousands of solicitations by individual brokers trying to earn a living, "jaw-boning" hapless small investors to..."Hurry up, now is the time to get in before the next big move up."

The next big move up? Somewhere out there Gordon Gekko must be smiling.

But is now the time for greed on Wall Street---or fear?

With all those stellar economic events lurking on the horizon, the real insiders (the "smart money") knows that the market has nowhere to go but down--way down--possibly to 4900 in the next 18 months.

And no wonder. Wall Street and the market ALWAYS looks out ahead 18-24 months; that's why the insiders make the money that small investors unwittingly yield to them, as they buy high in unrealistic optimism, and sell low in panic.

It's always been that way on Wall Street...except for now.

As we look out ahead for the next year or two, it may be a long time coming before ANYONE (either a smart-money insider, or average Joe investor) ever sees these levels in the market for another 20--30 years.

But why?

The American economy has never before experienced what's on the horizon-- the intentional destruction of our free markets-- courtesy of our know-it-all (except for Wall Street) anti-president, Barack Obama.

Let's take a quick economic inventory of what's in store for Wall Street (and Main Street) in the next 2 years:

-higher income taxes--less disposable income for consumer spending
-higher business taxes for both small and large companies
-more government regulations for both large and small companies
-higher energy costs
-dollar inflation from rampant deficit spending
-cap 'n trade carbon taxes on energy
-card check (forced unionism) which will drive up business costs for everyone
-high unemployment--the result of clean air regulations on heavy industry
-higher energy costs for electricity- i.e. clean air penalties for coal-generated power
--higher corporate taxes for American companies doing business overseas
--more IRS audits driving U.S. capital offshore-- less domestic business investment

The Obama administration (regime) has a 5-year plan--it's all been figured out. Tax all fossil fuel energy. De-industrialize the Midwest and the South, where they burn coal. Force the auto industry to make cars nobody will buy. Force the banks to accept unnecessary bail-out capital, and then decide to whom they may lend it.

So expect a rapid transformation for private business from the free market to a government-planned economy, where you'll still own it-- but Big Brother now runs it!

And how do you think Wall Street will react to this? The same way it did from 1933 to 1945-- the last time a socialist president assumed total control, where the government can introduce itself any time, anywhere, into the private decision-making apparati, and levy restrictions on what private enterprises will be able to do within their own boardrooms.

EXAMPLE: Recently King Obama "summoned" all the credit card companies to Washington to tell them..."you can no longer 'overcharge' your customers." So just where in the Constitution is the president allocated the power for that? And where was the outcry from the private sector against it?

Now an emboldened Obama will soon be telling banks what interest rate they can charge, what private companies can produce, what type of workers (union) they can hire, how much they can produce--and at what price.

Is this a free market...or economic fascism?

So the Dow-Jones to 4900? Why not, as Obama's economic fascism takes hold and begins to strangle everyone's bottom line.

What effect will it have on the heavy industrial companies and energy companies? And what will happen to the transportation industry, the small business community, and the individual taxpayers themselves?

It's all so very simple: As government controls and regulations go up, everyone's bottom line will go down-- way down-- and taking down the stock market, our economy, our 401K's, and dashing the hopes and dreams of everyone who had the outlandish notion that they could some day become financially independent.

And now, it's all about to be dashed upon the rocks of Obammunism.


www.keenobserver.blogtownhall.com


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Haw-haw; Obama gets the last laugh on America again!

Posted by thekeenobserver on Monday, March 23, 2009 6:01:23 PM

William Joyce, the infamous British traitor, was the German counterpart to Tokyo Rose during World War II.
 
He was nick-named Lord Haw-Haw by the English press; and from Oct 1939 to April 1945, his nightly broadcasts (originating from Hamburg) would rail against Winston Churchill, and supplied England with a endless line of propangandized stories of Nazi superiority, and the sheer futility of Allied efforts to defeat them.
 
So it wasn't long before Lord Haw-Haw (originally from Ireland) became a figure of fascination and hate during the long six years of the war.

Through his nightly broadcasts, Lord Haw-Haw attempted to discourage and demoralize American troops and the British population within radio listening range. Many found the broadcasts so absurd (hence the name Lord Haw-Haw) that they were seen as a way of relieving the tedium of life in Britain during the war.

Stories by Joyce sought to unnerve the British public. He often revealed information which was censored, and could only have been known via Germany's spy machine in Britain. As a result, Allied troops and British civilians listened to Lord Haw-Haw's broadcasts with great curiosity in spite of the infuriating content and grievous exaggerations.

Lord Haw Haw had a widespread audience (estimated at a peak 9 million) even if the majority of what he said was nonsense. Joyce was also occasionally credited with broadcasts that would alter Allied battle strategy-- such was his reputation at the time.

Finally, at the end of the war, he was arrested by British Military Police, taken to London and found guilty of treason, then hanged in 1946.

But now, the Lord Haw Haw of the Whitehouse, Barack Obama, and his "straight man",  Tim Geithner (Treasury Secretary) are now broadcasting a new battle strategy in their war on capitalism: they’ve decided to use their cover from the AIG furor and 'morph' the tempest into a juicier target--executive pay--a cancer upon socialism.

And like any cancer, Dr. Obam-o & staff will be treating the executive pay "problem" with a large dose of Marxism.

Executive pay is definitely not the reason for the world's economic mess-- and Obama knows it; but his Politburo (crisis management team) senses a huge opportunity and they're certainly not given to passing it up.

A recent New York Times press release revealed how the Obama "attack plan" on executive pay would work: (quote)..."The new rules will cover ALL financial institutions, including those not now getting federal bailout money, and could also be applied "more broadly" to publicly traded companies, which already report about some executive pay practices to the SEC"…"A central aspect of the plan would give the government greater authority to take over and resolve problems at large ‘troubled’ companies that are unregulated by Washington."

Translation: We’ve had a minimum wage law for years. Now the Obama administration senses an opening -- a MAXIMUM wage law.

Da! Is good policy for Amerika , eh Komrades?

So after placing salary restrictions on any remaining banks, Wall Street firms, and other major corporations, who’s next? Those remaining who "make too much" and "have more than they need", such as anyone with an income greater than 250K? Da!

And what would stop the DC marxist monsters from changing the rules, and going after pre-existing 401 K's, and rescinding the tax-free, after age-59 cash distributions? This new regulatory threat will put a chilling effect on small business SEP investments, and will slash the number of Americans who open Roth IRA's, because of fear of double taxation.

Yes indeed, Lord Haw Haw Obama will laugh away as he assaults working Americans from all sides-- a relentless barrage upon the wealth of upper income people-- as he merrily tranfers it to the leeches of society who will vote him a second term.

But now-now America, let’s not complain too much. Just remember last fall. Mr. Obama campaigned as a moderate, and told America... "My lack of executive experience doesn't matter."

And when it comes to lacking experience, Barack Obama leaps forward with shining credentials-- he’s never managed anything in the private sector-- not so much as even a paper route.

And no one in Obama cabinet, nor in his circle of advisors (or any of his czars) has any business experience in the private sector.  They're all ex-bureaucrats, lawyers, teachers & ex-politicians of similar ilk, all of whom share his marxist disdain for capitalism and free markets.

The result? None of them –not one--have a clue about what to do about the banking crisis, let alone the economy in general.

So Obama is basically 'winging it', incapable of coming up with any ideas, and going from one crisis to the next relying on his political instincts, his teleprompter, and of course...his sense of "gallows humor."

Hardy har everyone--especially for all those 52.7 % who voted for the anti-president.

And while Obama bashes away at the private sector, he reacts to crises by simply keeping up his poll numbers--his surefire way to solve things.

So he goes on ESPN to draw up his NCAA brackets--a grave priority of national concern. He goes on the "Tonite Show" and cracks sarcastic jokes. He goes to Camp David to shoot some hoops; he goes on "60 Minutes" and laughs off questions about the crisis of the economy.

Obama visits elementary schools; he travels back ‘n forth to Chicago; he parties every Wednesday night in the Whitehouse with the stars.  He flies around on Air Force One, acting like a college freshmen away from home for the first time-- the big man on the DC campus with national credit card in hand.

Meanwhile, he’s spending the nation towards catastrophe and yuks it up--calling it necessary to “fight the economic missteps of the past 8 years.”

But all the while, he tells people…”I HAVE JUDGMENT.”

Examples of Obama's sound presidential judgment abound:

Example #1: barely two weeks ago, he was telling everyone "it was the worst crisis since the Depression." But now, seeing his poll numbers drop, Obama claims "the economy is FUN-damentally sound". Um-hmm. Very sound indeed.

Example #2:  Barack's recent proposal for taxing Americans' workplace health benefits,
only to do an about-face after the virulent wave of unpopularity that quickly ensued.

Example #3: Closing Gitmo and releasing the prisoners, echoing the foolish Carter Marielito debacle of 1980, where thousands of violent murderers were unleashed upon the U.S.

Example #4: deficit spending trillions, similar to paying off one credit card with a new higher interest credit card-- and calling it "sound economic policy".

The new Congressional Budget Office predicts Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion WORSE than the administration predicted in its budget just last month.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy-- figures that are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product-- a dangerously high level--involving wild federal spending programs, and trillions of dollars of debt that will be placed on our families for generations to come.

Example #5: no new domestic drilling, while we'll send OPEC an estimated $3/4 trillion in badly needed U.S. capital this year, perhaps the most insanely ludicrous energy policy of any nation on earth!

And instead of tax cuts for those who create jobs, our anti-president will tax them more onerously, further dragging down the economy. Obama's plan is to increase taxes by more than $1 trillion in the middle of an economic crisis.

And how much more of Obama's hilariously sound judgment can we take? It's only a matter of time before it all blows up into a protracted recession, hyperinflation, or a second depression, or worse-- he blunders us into a flash Mideast war.

But the best part of Obama's judgment? He never takes the blame for anything; always some excuse, but always an explanation.

As Abe Lincoln once said... "you can't fool all the people all of the time". But Mr. Lincoln never figured that some day, there'd be an Obama to come upon the American political horizon, a man who absolutely, positively, is the most clever American politician EVER.

And the Great Distractor's judgement is absolutely bulletproof when it comes to mastering marxist tactic number one--creating a common enemy.

Last fall, Obama had America literally frothing at the mouth with President Bush. And now, the new Obama strawmen are the AIG executives.

And no matter how dire his circumstance, Lord Obama always miraculuosly escapes, and gets the last laugh on the voters, who always are eager to swallow his political bait.
 
And here's a cool "for instance"-- ACORN is behind all the ‘protests’ at the AIG homes! How's that for a shocker? And who else besides the Great Distractor could have come up with such an ingenious scheme of having ACORN operatives call all the talk shows, and mass e-mail their congress people about how "OUTRAGED" they were at the AIG bonuses.

And it worked. Even the congressional Republicans fell for the ruse. And the media ran with it.

So think about it; what average American would take the time to fabricate "homemade" signs and march downtown in protest against AIG? Or who would actually pay their hard earned money (plus time) to go on bus tours in posh Connecticut suburbs to sight-see and rail against the AIG executives' lavish homes?

What do people expect... that AIG execs prefer public housing? Maybe after Congress & Obama get done with them, they'll be eligible to apply for section 8.
 
Liberal democrats always take satisfaction in punishing achievers and rewarding the leeches, as if making rich people poorer will spark the economy.

Yup...we swallowed the bait again. Obama is laughing, ACORN is flourishing, and democracy is languishing, as we continue to march in lockstep with a leftist Congress, and follow our anti-president into his utopia of marxist oblivion.

www.keenobserver.blogtownhall.com


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Will Obama and hyperinflation destroy this nation? Yes he can!

Posted by thekeenobserver on Thursday, March 12, 2009 4:16:00 PM

Get out the wheelbarrows. Prepare for heavy lifting. Congress is setting us up for 1920's Germany, and the hyperinflation that once destabilized that country-- leading to the rise of a Austrian lad who's grandfather went by the name of Shicklegruber (Adolf Hitler).
 
In only the last five months, the U.S. overall money supply (M-I) has nearly tripled. M1 includes cash, total demand and government deposits with commercial banks, and money in all the federal reserve banks. And according to best current estimates, M2 (the current money supply in circulation) is hovering at just around 7 trillion dollars--give or take a few hundred billion.
 
But ho hum--a hundred billion here and a hundred billion there-- no big deal to a Congress bent on keeping themselves in power, while they simultaneously destroy every American wage earner's standard of living-- perhaps permanently.
 
Our hallowed 111th Congress is acting like a college freshmen who's just received his (her) first credit card, deficit spending as if they were awarded some unlimited ethereal financial prize, to be spent as one sees fit --with no accountability--and no consequences.
 
To an extent this is true.
 
Yes, long after the inevitable hyper-inflation overcomes America- perhaps ten, fifteen, or even 20 years down the road, the recklessly-spending Congressional perpetrators can choose not to run, and retire on federal pension worthy of a monarch.
 
But does anyone realize that this money the Congress is now delegating for stimulus, supplemental budget expenses, etc. isn't real money, or in fact, that it is not OUR money?

The money is not borrowed. The money is PRINTED.

Current amount of money in circulation (M2) = 7 trillion. Now add the 1 trillion anti-stimulus bill Obama signed into law recently, and every dollar American workers will now earn is worth 14.2% less-- just like that.
 
Now add the 410 billion supplemental budget federal spending bill (earmark-laden) that has just passed, and do the math again: $410 Billion divided by $7 Trillion = 5%. That's right sports fans, in just 3 weeks, your buck has just turned into little more than 6 bits...an inflation rate of almost 20% in less than a month!
 
And the wheelbarrow is getting heavier --basically amounting from more debt to pay off debt. Such fiscal brilliance! The "big money" liberals trying make the impossible possible-- printing money backed by nothing, pretending the interest is free (non-existent).
 
Nancy Pelosi wants a second anti-stimulus bill; Fed chairmen Bernacke says the first one "may not have been enough". Barney Frank is calling for more stimulus. Obama wants 600 billion for revamping (socializing) health care...a Congress running rampant with earmarks...Hillary wants almost a billion to rebuild Gaza. And always accompanied with that ad-nauseum exhortation: "We need to act now."
 
Sure: Act now-- but pay later-- and to what disastrous end?

But mysteriously this fiscal recklessness is never called into question by the media. Even Herbert Hoover would probably know that to add more debt onto an already growing $12.4 trillion existing pyramid of financial obligation would invite catastrophe.

The annual debt interest payment right now is at $600 billion--and growing--an unsustainable amount. Yet Obama and the Congress want to add another 3.4 trillion in deficit spending to fund a boundless plethora of unending federal programs--fiscal insanity on steroids!

Meanwhile, "the bearded one"- Ben Bernacke-- will be toiling away, printing all this "new money" in the fed basement.

And it matters not when Bernanke injects this newly printed money into the economy—it’s how much that counts, because all fed injections immediately act to distort the nation's production structure. The larger the injections (and the longer they continue) the larger will be the distortions. These "funny-money" injections equal more dollars chasing the same amount of goods and services-- ergo...inflation-- which exerts downward pressure on the value of the dollar.
 
With the eventual surging of prices at home, and a depreciating exchange rate, foreign holders of greenbacks might one day decide that they have had "enough"-- starting a run on the currency by dumping their dollar balances-- forcing the Fed to raise interest rates ever higher, and triggering a more devastating recession; or a scenario even worse than the original Great Depression-- a second hyperinflationary depression-- 1920's Germany revisited.
 
In a more simple analysis, let's say we've been building a debt pyramid over the last decade, and now we'll be adding huge new amounts to the base at the bottom, while all the while, the interest will be coalescing at the top. And given time and the continuation of reckless deficit spending, the debt pyramid may become distorted in shape-- growing top heavy-- and at last, it tips over.

Ergo...hyperinflation.

But our beloved anti-president, Mr. Barack Obama, will be long gone out of office when and if that occurs; and of course, living large on his ex-presidential pension.

So should the "average Joe" be mindful about WHEN and IF we do run out of the printing option? And how much of a concern should it be now for all Americans, who already have more than enough to worry about concerning the economy?

Could the world eventually become so flooded with PAPER dollars, that some of our lesser foreign creditors begin to say: "Okay Meester Bernacke...we hold enough of these flimsy dollars now, so if your foolish American Congress wants more credit, we'll need something more solid than all this paper currency in return."

So bye bye Fort Knox...hello national insolvency. And then what?

Then it'll be time to break out the Kruggerands (gold coins) hidden in the cellar, because American money won't be worth the paper it's printed on-- and the Fed won't even have enough credit left to purchase the the green ink.

And the OPEC countries and the Chinese (previously reluctant to dun their number one trading partner) will then be forced to pull their "debt  triggers", and deliver the final coupe de' gras. Then its turn out the lights America-- the party's over. We'll have descended into the financial nether existence of a third world nation, totally bereft of all liquid assets, with liabilities extending "as far as the eye can see..."

So Mexico-- prepare for a taste of your own medicine: Americans might one day be reverse-migrating into your territory, with all of them seeking a sense of survival after hyperinflation comes to the fore, and completely destroys the affluence of a once-proud and powerful nation.

www.keenobserver.blogtownhall.com

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Say Brother, can you spare a trillion?

Posted by thekeenobserver on Friday, January 23, 2009 4:29:37 PM
 
Prediction: the United States will begin an extremely anemic economic recovery later next year that will continue until early 2011. After that, when the bailout money has long dried up, America will slide back into another, even deeper recession.

Pretty blunt, eh?

And bluntness is exactly what's called for now. Americans should be asking pointed questions, and realizing that all this bailout-T.A.R.P.-stumulus jargon is nothing more than a trojan horse for printing money, and spending our way into an ethereal fiscal twilight zone, where numbers become unimaginable.
 
But the Dumbocrats and President Obama are gung ho about this insane so-called stimulus, which does exactly that-- a reckless, senseless, stupid attempt to print-n-spend our way out of a rapidly expanding recession.
 
And "only the government can break this cycle"... right Mr. Obama? More stupidity!  Only the government can MAKE this cycle (i.e. the pump-priming, deficit spending of the 1930's) .

The definition of insanity as read is: "Insanity is doing the same thing over and over again and expecting different results." How 'bout the definition of 'stupid'; is that much different?
 
Remember the New Deal? Franklin Roosevelt attempted to spend America out of a depression, and only prolonged the misery for an entire decade. If there ever was a time to go out and create a huge stimulus / spending / welfare bill, it sure isn't now.

But Admiral Obama blithely sails onward, seeking to re-arrange the deck chairs on the Titanic.

Sorry Mr. Obam-0h, your message of "Change" is very shortly going to go from "Change we can believe in," to..."Brother can you spare a dime?" This was the popular mantra of the 1930's, when Americans everywhere tried to slough through the hardscrabble misery of the original Great Depression.
 
And the the trillion dollar deficit economy of Obama might just get us into a second depression, or a ten year structural recesssion, complete with misery indexes, stagflation, and all those other nightmare statistics from the economic failure during the Carter years of the late 1970's.
 
And according to our econo-genius new president, we should plan to see "trillion-dollar deficits for years to come." 

1 trillion dollars...do we even realize how many zeros follow that? Ai-yee...that's 12 zeroes to the left of the decimal point!  A trillion is a million-million dollars. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it,14 years before it reeled out one trillion dollar bills.
 
Plus, think of the huge carbon footprint it would leave behind.

What is frightening is that Obama's expansive government deficit spending is on course to where well have a $4 trillion dollar budget in 2010-- zeromania on steroids! That's a mere 4,000,000,000,000,000. And for much of that Mr. Obama plans on borrowing from our overseas creditors.

Not exactly grounds for the Nobel Prize in economics.

It now takes more than all of the income taxes collected last year just to pay the 'debt service' (interest) on the national debt; and it is estimated that at the present rate of national debt increase, our national obligation will balloon to a tidy 18 trillion dollars by the year 2015. But to Barack Obama, a trillion here, a trillion there, ho-hum; nothing out of the ordinary.

Currently the national debt clock is ticking, and now stands at $9,937,463,000,000.00. Now consider that all this massive debt in addition to the still-ticking time bombs of Social Security and Medicare! What, me worry?


But with a 100% increase in the debt by the middle of the next decade, and no more income taxes left to pay the debt service, how do you suppose our children and grandchildren are going repay this unimaginable sum that every American today is leaving them?

Obtuse, dumb, stupid ...that's what these these reckless and pig-headed idio-moronic politicians are acting like.

And this idiopathtic notion that we can grow and prosper our nation by deficit spending, is just that-- stupid...moronic, and dangerous! If you destroy the economy it will never get moving again!

And what our government  politely calls "deficit spending" could aptly be described in a criminal court as "counterfeiting" and "check kiting"; but whatever the terminology, it all comes down to the same thing-- spending money one does not actually have.

Over time, this excess printing of money is akin to money growing on trees, and it will inevitably destroy the value of the dollar in a wave of hyperinflation. And inflation, in any form, simultaneously attacks all money, whether it's invested in some 401 K mutual fund on Wall Street, or stored within zip lock bags hidden in your freezer. Inflation can literally destroy a nation overnight.

So here we are with a stimulus plan that legally counterfeits the money we borrow, but yet, we expect it to stimulate the economy. But what it may stimulate is a rapid slide into insolvency.

So if we continue to print more money, what happens after the world eventually becomes flooded with currency, and the nightmare scenario ensues: the dollar's value sinks to the point where it can go no lower...but still the recession deepens. Then what?  The economic bungee cord breaks, and there’s no bounce back-- that’s what!

And Obama's famous quote on 60 Minutes,"deficits don't matter," is the last message that needs to be sent to a spend-happy Democratic Congress, where trillion has become the new billion; and dare we breathe it-- causes another depression.

And "deficits don't matter" may go down in history with Herbert Hoover's, "prosperity is just around the corner"..."two cars in evey garage"...and the infamous, "a chicken in every pot"; all the same phrases Mr. Hoover spoke in 1930 that marked the beginning of the acute phase of the original Great depression.

 

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One Nation, Under God?

Posted by thekeenobserver on Friday, December 12, 2008 4:50:38 PM
 

ATTENTION ALL KOMMISARS: For the good of the State, Central Planning has just issued its first 2 year program: Spending a trillion dollars for aid to the jobless, direct assistance to the cities and workers; job-creating construction of roads, schools and other public works, and investing in technologies creating 5 million green energy jobs of the future.

 

Prime minister Obama has decreed that the deficits matter not...."We will be going deeper into debt for at least two years by spending hundreds of billions of dollars or more to stimulate the economy." (end of pronouncement) 

 

Today, if we go back in history, just about every truly catastrophic economic event that has occurred in the last century -- from the depression to the savings and loan crisis to the current housing crisis -- all have at their root in government intervention in the private market.

 

But despite all the evidence to the contrary, Obama wants to get soviet and put the federal government in charge of the economy. Obama's critics lampoon him as a socialist, a liberal, a communist, a leftist, etc. But no matter what label one would hang on the Chosen One, it all goes back to this one basic tenet- the federal government is inevitably slower, dumber, and less competent than private industry. And Obama knows the more he can expand it, and the more bureaucracies he creates to run it all, it's just that many more bureaucrats and dependents who will be there in four years to vote for his second term.

 

Yes America, call it whatever you want, but this whole big mega-billion, multi-trilllion quadrillion-zillion stimulus spending spree, is little more than your basic democratic formula for vote-buying. After all, if you boil away all the fat and pork, America will be left with little more than some repaved roads, retro-fitted bridges, and better insulated schools and federal buildings, all courtesy of prime minister Barack Obama, whose name will be everywhere inscripted on all these public edifices. The only thing missing will be his portraits hanging everywhere, like they have in Romania and North Korea.

 

And what of all the workers? (i.e. the proletariat).  What's to become of them after all the roads have been resurfaced, the bridges reconstructed, and the school buildings refurbished? These are unskilled, make-work jobs, and will have little value in the private sector. So by the process of deductive logic, we must conclude that yes, they'll be transformed into government drones, and drawing extension after extension of long-term government unemployment compensation.

 

Basically, Chairman Barack can't miss. He'll spend whatever mega-billions on creating all the new government bureaucracies to run all the different stimuli programs, then he'll add more new federal departments, and new czars to run all of them. And then there are the workers...theyll be so many new government workers, it'll be like the draft of '42, only you'll be trained under the flag of Obammunism, and will join a virtually army of newly-minted government dependents, who'll all be there to vote for the second term of prime minister (and paymaster) Obama.

 

And while all this stimulus-deficit-spending is occurring, what about the flip side...the private sector, and the frightening numbers of a ballooning national debt? Obama's disregard for deficits is almost child-like; as if money DID grow on trees.

 

In it's most simple analysis, let's say we've been building a debt pyramid over the last decade, and now we'll be adding huge new amounts to the base at the bottom , while all the while, the interest will be coalescing at the top. And given time and the continuation of reckless deficit spending, the debt pyramid may become top heavy and will begin to tip over...but prime minister Obama will be long gone out of office when and if that occurs.

And and even more disturbing, is that a country under the rule of Obammunism, (or any communist country), is the fact that morality will be trivialized, and belief in God may become politically incorrect under the Obama regime. Look for new legislation and legal challenges to get God out of our sociey as much as possible.

Look at how the liberal leftists have already gone out of their way to marginalize Christmas as "just some holiday", which is to be held in the same esteem as kwanzaa, or even the atheist way of expressing it...'being good for goodness sake'. Public nativity scenes are the equivalent of obscenity, and receive court challenges from people who're "offended". If these people are so offended by God, one wonders what will happen to them when they are about to reach their final destination, and discover, to their ultimate dismay, that their atheism had played an eternally malevolent trick upon them.

And worse, under Obammunism, well see a litany of "San Francisco" behavior freely exposed around the rest of the country. There will be gay parades in every major city; and hundreds of same-sex court challenges for everything from gay rights for marriage, down to gay protection from harassment, or offensive, anti-gay language in any public venue. There will be gay wedding specialists, gay escort services, and every other type of "underground" behavior now openly visible in the public discourse.

And aside from all this, we haven’t even considered all the planned parenthood clinics that will expand around the country faster than the dollar stores, and the resulting abortion on demand mentality--all abortions all the time-- will further diminish our country's long-standing tradition as a God-fearing Christian nation, as life itself becomes cheap. Look for euthanasia to become legal, and Dr.Kevorkian office expansions in all the major population centers. All this could become  stark reality during a second 4-year term of obammunism.

Who knows...Obama would probably attempt to even remove the inscription "in God we trust" from our coinage and currency if the political climate so permits. And the pledge of allegiance doesn’t stand a chance...one nation, under God? And a child heard saying..."my right hand up to God" during recess could be grounds for expulsion.

 

Yes, look for the expansion of parallel societies, and political correctness taken to previously unimaginable extremes, during the regime of Barack Obama. And if America wants to see a vision of itself after two terms of President Barack Obama, they only need to look today toward the left coast at San Francisco, and judge for themselves.
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