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A "threatening" letter to the President:

 

Thanks Mr. President:

 

The con job all started back when you delivered your keynote speech at the 2004 Democratic convention, when you said..."The pundits like to slice and dice our country into Red states and Blue states: Red states for Republicans, Blue states for Democrats. But I've got news for them...there are no red states, or blue states... but the United States!

 

Yes; thanks a lot for that memory.

 

Of course, we should have known right along, when you spent 750 million dollars to get elected to a job that pays 450 grand-- that was the omen right there. 

 

Bur now that you've achieved your goal, what have you done? Instead of the audacity of hope, and crossing partisan lines, you've had the brazen audacity to bestow upon the people nothing other than fear, anxiety, and uneasiness-- a divisive slap in every voter's face, who trusted your shallow promises that there were better days ahead for America.

 

And how about your pledge to unite those red & blue states? Whatever happened to that?

 

As a matter of fact, it was kind of neat the way you dispatched your ACORN operatives into every "battleground state" and made sure they registered enough phony voters to put you over the top. Indeed, we certainly admire you for that!

 

And thanks for the way you promised that everyone would need to sacrifice "in these difficult times," but spent $150 million on your inauguration, and have gone along to be the all-time "party president" in the Whitehouse; with $125/lb. steak dinners, and lavish spontaneous excursions to all parts of the globe-- we sure appreciate that.

 

Strangely, it almost seems that you had this planned all along:

 

You appointed a so-called cabinet of moderates, who've acted as nothing other than extremists, and have been complicit in your campaign to change America FAR to the radical left-- a change we were all deceived in.

 

Then it was your $787 billion stimulus that has done nothing for employment, but was only designed to buy votes for your re-election, at a stiff price: it would guarantee to all but bankrupt the next two generations under massive levels of interest-accumulating debt.

 

And then you rammed through a budget of $3.4 trillion, which fulfilled your vow of "trillions of dollar deficits as far as the eye can see"... something you predicted last November when you laughed about it on "60 Minutes."

 

Is this the way you treat your presidency-- like it's all a big joke?

 

And speaking of jokes, how you and your lovable wife must laugh together each night in the Lincoln bedroom,  thinking up tomorrow's next big fabrication; she has been an inspiration toward your goal of a socialist America; there can be little doubt it's been your intention all along. 

 

Of course, you are above all this because YOU'RE the President.

 

Yes Mr. President; all your ideas...the stimulus, cap 'n trade, card check, the ballooning, obscene deficits; the takeover of GM; the expropriation of the banks; the government usurpation of private health care-- all will go a long way to effect those great changes you promised for America.

 

And once you will have achieved your noble goal, just think of all the wonderful effects your socialism will have on our country:

 

It will destroy the farmers.

 

It will destroy much of the private sector.

 

Small business people will be taxed to ruin.

 

And the so-called middle class families-- who've work hard all their lives for what they have, and then voted for you-- what shall become of them?

 

All these people who supported you, now they need to be taught a lesson: their success has been on the backs of the poor and disadvantaged, so it's "get even" time:

 

Your cap and trade bill will rob the average American household of tens of thousands of dollars over the next decades. 

 

Your card check bill will deprive the American worker of his right to remain independent in the workplace.

 

Your stimulus bill has been an anti-stimulant; it has cratered the economy to near-depression levels of unemployment.

 

Since you were elected, the Dow Jones Industrial average has plummeted to its lowest level since 1997--and has ruined the retirement plans of many Americans, who will now be forced to work past age 65. 

 

Instead of solutions, your policies have spawned problems into every corner of America; in only 150 days, you have already wrought a wave of destruction far worse than any possible nuke could have done.

 

So is this your payback to all those people who elected you, who believed in your so-called objective of uniting America

 

You have spread anxiety, uncertainty, and have changed hope into hopelessness; a metamorphosis from a perfectly-functioning economy to one now tottering on the rocks of socialism.

 

Indeed, quite the accomplishment!

 

And all made possible because-- unlike the other great presidents who used their God-given talents to better their country-- you have chosen to become the greatest con man in American political history. 

 

But why Mr. President?

 

Why would you do this? What has America ever done to you but made you rich and famous, and has rewarded you beyond your wildest dreams?

 

Why would you disregard all that came before you, as if it had never happened? All the blood that has been spilled; all the battles fought; all the wars for freedom over the last 235 years; now, it will all go for naught, just because you were able to con your way into the Whitehouse.

 

You conned the people about GM; you conned the people about the banks, your budget, and the stimulus. You conned the people about alternative energy, and the so-called threat of global warming.

 

Now, you are conning the people about government health care, claiming..."It will only make your private insurance company become more competitive!"

 

But socializing medicine will change everything: it will shorten life spans; it will force the infirm to wait unnecessarily for the urgent care they now can obtain immediately.

 

It will also force the young to pay unnecessarily for unwanted insurance, to subsidize the elderly and poor --those who cannot afford it. Meanwhile, you lie about it all with a straight face..."It won't affect the plan you have now!" 

 

And once you're gone from Washington, all of this will be your legacy.

 

But someday Mr. President, you'll get yours...it'll be payback time.

 

No, it won't come from the people; nor the Congress; nor the Republicans, nor the courts. In fact, your payback probably won't come from anywhere in this earthly world; but things always have a way of evening out.

 

Instead of using your superlative talents to accomplish good, you have chosen the opposite bent, and have abused the marvelous gifts God gave you for your own selfish earthly ambitions.

 

Yes Mr. President; the God you obviously don't believe in will be the One who will ultimately assign you to your rightful place in the hereafter.

 

Yours truly;

 

The Disappointed, Disillusioned People of America

 

P.S. Best of luck Mr. Obama: once you reach your final destination, you're certainly going to need it.

 

 

 www.keenobserver.blogtownhall.com

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Driving the EPA bulldozer over America's fragile economy

 

Get your motor running...head out on the highway! Everyone has heard "Born to be Wild", the classic 60's hit song. Especially Barack Obama, and his radical leftist cadre of cabinet appointees.

You can almost read their minds:

Taking a cue from the "first 100 days" of Franklin D. Roosevelt's 1933 presidency, the Obama administration seems to believe in striking while the iron is HOT, and--like the words of the classic song --firing all of their guns at once.

But will all the new radical Obama measures eventually "explode into flames"?

Right now Obama is rattling off one leftist declaration after another, in conjunction with enough deficit spending to defy description. First it was mandatory "no-choice" abortions; next was the anti-stimulus bill; then a spending bill; then educational reform... nationalized health care... renewable energy...card check. Now we have talk of another second stimulus bill.

You name it, and Mr. Obama is planning to "bring it on" before the ardor for his anti-presidency cools off and falls back to reality.

America is about to realize that Obama's Kennedy-esque speeches (and soaring rhetoric) were not of the heart, but from only a teleprompter screen. Now he's removed his campaign mask and assumed his true socialist identity.

And next on comrade Obama's target list: destroying the energy industry.

Despite the fact that America uses gasoline and diesel to run 95% of its transportation needs, Generalissimo Obama has decided to make war on fossil fuels, and has wasted no time in reversing a decision that would have allowed oil exploration offshore, and opened up new exploratory leases within public lands in our interior.

Remember last year's horror of seeing, "regular 4.29", posted on street signs of gas stations? Just keep Mr. Obama's reversal in mind the next time pump prices head back up to 4 bucks/gallon.

But Obama would like to arrive at the European levels of 6, 7-- even 8 dollars /gallon. After all, didn't he accuse America as being wasteful and profligate? And that we are a nation comprising 5% of the world's population, yet consume (hog) 25% of the world's energy?

Mr. Obama will soon remedy that! How? By what he's about to do-- cleverly restrict our energy supply. And all under the masquerade of saving the environment, and halting the decline of the polar bears before its too late.

Despite the fact that we have a huge tracts of land containing an estimated 1.8 trillion barrels of oil (in the shale of our western states), America keeps getting drilled again and again.

First it was Nancy (Nazi) Pelosi, who has prevented every Republican domestic drilling bill from even reaching the House floor. And now our leftist
Interior Secretary, Mr. Ken Salazar, is putting the brakes on a Bush administration plan to open 77 new parcels of land to oil and natural gas drilling, while instead promising a “new way forward” for offshore wind projects. 


Salazar criticized the
Bush administration’s “drill-only approach,” saying the U.S. needs a "comprehensive energy" plan that considers all the "potential resources" in the oceans.

Great. Marvelous. No new oil drilling, no new domestic supply, and an open invitation to the commodity traders to again bid up the world price of petroleum back to $144/barrel -or even higher-- once the world economy revives.

Obama and the dumbo-crats keep lecturing about renewable and alternative energy (the justification is always environmental); but they're openly hostile to cheap and readily available fossil fuels, and are more than willing to treasonously allow us to send $700 billion a year to OPEC than drill our own oil and keep the money at home.

Yes America-- elections do have consequences.

And at a time when proposals for higher taxes are politically unpopular, the radical leftists in Congress have decided to thumb their noses at the average Joe, and are about to spring another cleverly disguised way to squeeze even more tax money from Americans.

Right now, Congress is debating legislation that would create a European-style scam that "caps" the maximum allowable amounts of CO2 from power plants, heavy industries, manufacturers, and you guessed it-- our vehicles.

So once it passes, everytime we get our motors runnin', and head out on the highway, every American driver will not be victimized as a taxpayer--but as a consumer.

This cap and trade system is "designed" to give companies incentives for reducing emissions; but unsuspecting Americans will soon realize it's nothing but a hidden tax in the form of higher utility bills (natural gas & electric) that will jack the prices of everything, including gasoline, food and consumer products.

Obama and his Stalinist minions claim that, "Cap and trade is there for a reason...you cap and trade to pay for investments in renewables, which will lead the country to energy independence."

Energy independence? The arrogance of the democrats know no bounds! And it's all courtesy of an American electorate that is so dumbed-down scientifically, that they know not the difference between harmless CO2 (carbon dioxide ) and poisonous CO (carbon monoxide).

So who was it that said, "We get the government we deserve?" And its a treasonous one indeed. 

 

Realistically, by collecting cap and trade fees from American companies--with the cost borne by consumers-- we are in effect, subsidizing our foreign competitors (China, India, et. al) who have already stated that they're placing economic development above any environmental considerations

It's economic war on every working American who uses energy, and will reduce our economy into a miasma of plunging competiveness, lost jobs, and foolishly misplaced alternative energy investments.

Now let's introduce Dr. Steven Chu, (aka "Dr. No"- no new drilling)  Obama's Energy Czar, who doesn't have "faith" in nuclear power, has called coal, "his worst nightmare," and predicts "dire consequences due to global warming".

But meanwhile, Sweden is "warming" to nuclear power, because in their misguided lengthy attempt to be a leader in alternative energy, they've discovered it's extremely difficult to replace conventional energy with solar and wind. So the Swedes will set aside a 30 year ban on nuclear reactors, and are joining a rapidly growing list of nations who view emission-free nuclear as the best way to deal with "climate change".

 

But predictably, the Obama administration has lent a deaf ear to all this, and has taken an opposite tack-- no nuclear-- at least  for now.

 

Expansion of nuclear power could create tens of thousands of badly-needed U.S. corporate jobs (such as with GE and Westinghouse) and would require a multitude of construction workers to erect new reactors. And these would be high wage jobs--not just some make-work stimulus proposal. And more importantly, it would put America on track to returning to the 90's when the country last prospered as a full-wage economy.

But leftist Chu (and comrade Obama) are having none of it, and have rejected the already agreed-upon desert site at Nevada's Yucca Mountain for nuclear waste storage, saying... "that it's too close to the water table and could harm the environment."

So another solution to America's energy (and employment) problem literally "bites the dust."

Next in line for battle is the EPA's attack on coal, which will be led by Climate Czar, Carol Browner, who recently declared..."The Obama Administration will soon make an "endangerment finding” on carbon dioxide"...and that..."The next step is a notice of proposed "rule making” for new regulations on carbon-dioxide emissions".

 

An "endangerment finding?" Rule making?

Translation: Coal companies --prepare for chapter 13. Consumers --prepare for a 100% hike in your electric bills; and America-- get ready to turn out the lights.

How much more insanity can our country endure! This will turn out to be the ultimate attack on all of America-- the EPA determining that carbon dioxide is a dangerous pollutant-- and setting off the most extensive set of costly regulations in American history.

So you think insane too strong of a word? Hah!

 

Browner's new clean air decree will tag any source as emitting more than 250 tons of a "declared pollutant" as being subject to regulation, potentially including schools, hospitals, shopping centers-- even commercial hog farms and bakeries.

So if you like to eat meat, or enjoy an occasional donut or a fresh loaf of bread, get ready to go vegetarian, unless you want to pay dearly for your dietary staples-- they're gonna cost a lot more once Ms. Browner gets through with her destruction of America's standard of living

So prepare for a revival of that the beloved tradition, "Depression Era cooking". Beans and greens anyone?

The EPA's so called "registry plan" would cover about 13,000 facilities that account for 85 to 90 percent of the nation's greenhouse gas output. EPA Administrator, Lisa P. Jackson, in a recent statement, crowed..."This is a critical step toward helping us better protect our health and environment -- all without placing an onerous burden on our nation's small businesses".

 

But unless you push a hot dog cart or have a roadside hamburger stand, count on the EPA breathing down your neck with these so-called "reporting regulations". Even a farm with more than 25 cows would have to document their "emissions" of methane and other greenhouse gases.

 

Got milk? Maybe not for long--this portends more small farms closing down, and permanently higher dairy and meat prices.

It's all part of the cover-up to restrict supply, and drag America down to an energy-starved, tax-burdened, third world socialist nation, with Obama and his Politburo of cabinet members proudly beaming..."mission accomplished."

 

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Is Obama exploiting fear to facilitate his socialist power grab?


Dateline: November 17, 2008-- it was hailed as a legendary market call from an investing legend. It was the mother of all buy signals. It was a bold call, albeit one grounded in well-established investment theory.

Warren Buffett, the billionaire investor who made his fortune buying stocks on downturns, had advised America to buy stocks; but this time it turned out to be a calamity.

And now Mr. Buffett, Barack Obama's formerly highly-touted economic guru, recently emerged from out of his hiding place and pronounced in his news letter..." the U.S. economy will remain in a shambles through 2009".
 
Oh, but not to worry; Mr. Buffet forecasts..."better days ahead for the country".
 
Sure-- better days ahead-- trillion dollar deficits as far as the eye can see. Bleak outlooks for all the nation's large banks; and Barack Obama's repeated claims that our nation is in the worst economic crisis since the Great Depression-- all are jawboning the stock market southward.

The result? The Dow hit a low this week not seen since the glory days of 1997, below the 7000 level. And the economic tea leaves and news coming out of financial companies is still so alarming that investors feel no other alternative than to head for the exits.

But how concerned is the White House about the impact of the recent $11 trillion in wealth that has vanished from the stock market?

Apparently, not much

"I think it is unwise to believe everything we do is designed to cause an immediate market reaction, or that the score should only be kept by that,'' said Robert (Mr. Smirk- rhymes with jerk) Gibbs.

The smirky-jerky White House press secretary, continued... "If you look at the news of the week, the market probably processes in a lot of information, whether its price increases, or a lot of news throughout the globe about a deteriorating economy". Gibbs then suggested, "it's more likely a reflection of the nation's challenges, not merely a reaction to what the White House is doing."

Translation: anti-president Obama is not responsible for this downturn--it's what "we inherited" from the failed policies of the Bush administration, and a greedy Wall Street taking advantage of Main Street.

But traders and investors alike beg to differ:
 
Stocks are a bet on future performance and earnings. And right now, people have low to no confidence in the fiscal and monetary gyrations the Obama administration is going through. The stock market has incrementally shed value since Mr Obama was nominated, then elected, and then inaugurated--- each event caused another prolonged dip in stock prices.

And now with every doom and gloom statement Mr. Obama  makes (to innoculate him against failure of his program), stocks churn again.  Stock values always decline during periods of uncertainties; and what could be more uncertain than Obama's recent "to-and- fro" pronouncements, which virtually guaranteed the disastrous drops.
 
Every other word out of Obama's mouth is "crisis" or "calamity" or "catastrophe"; and investors and traders alike respond accordingly. A huge psychological component to the underlying market always exists; yet Obama obsessively continues to play his calamitous game of boogie man vs. Wall Street.

But could there be some ulterior motive...a more cunning reason? Is Obama exploiting fear and insecurity to facilitate his socialist power grab?
 
Obama claimed he would be a transformational leader; but the only thing transformational about his anti-presidency is that it will transform the dollar into a worthless currency, and the country into a third-world socialist nanny state.
 
And just WHEN will the media stop their cover-up for their candidate, who became our selected (not elected) 44th president? When does Obama actually become accountable for his policies' impact on the economy?
 
Obama seems to reflect a compulsion to keep driving the Dow down.

Yes indeed, he'll show those "greedy fat-cats" (a.k.a. the American public) who dared to invest in the stock market!  And as he's talking down the Dow, he's dragging down capitalism and the free market economy. It’s all part of his government dependency plan.
 
And going back to ever since his socialist comrades in Congress-- Pelosi & Reid-- took over on March 3, 2007, when the DJ Index closed at 12474, it now trades below the crucial support level of 7000. Support levels are used by Wall Street technicians to predict emotional buy-sell trigger points in market indexes.

So look out below--there may be further downside --a lot further. Just in the first month that Mr. Obama has been in office, the DJI has lost 1000 points.

And the stock market could continue to get pounded with Obama's insane, inane, financial agenda: spending $787 billion (before interest) on the economic debt expansion package (disguised as a stimulus); and then another $400 billion in supplemental spending-- and introducing a $3.5 trillion budget that next year alone will result in the highest annual budget deficit in U.S. history, which will consume an unheard-of 12.3% of the nation's gross domestic product.
 
But that just for starters! Obama forecasts trillions in deficit spending in his first term; then the next week, he's gung-ho for a plan halving the upwardly-spiraling deficit.

So if you were a big money investor, what would you think?

Obama's insanity-calamity deficit-spending profligacy has Wall Streeters heading for the hills; And with Obama on his current socialist, wealth-transfer, tax-hike frenzy, it will only worsen to the point where 1930-32 could become the new market model for Obama's wealth-destroying policies.

Right now, the market climate on Wall Street resembles an old time Japanese horror flick: Wall Street investors fleeing in panic from the Barack Obama wealth destruction monster--breathing his fire of higher taxes and socialism at every American financial institution.

And Wall Street sees the writing on the wall-- their worst, post election fears are coming true--- sensing that Obama is going to keep on spending and spending, with his objective to make the USA into a complete welfare state.
 
But if only Obama would pay attention to history, and truly get behind a sound policy that would stop the bloodletting.

Obama obviously knows that he could stimulate investment by lowering taxes on the "job creators"...the small businesses. But that would mean surrendering---giving up wealth (power) to the private sector-- and undermining his aim to railroad power from Wall Street to Washington.

Currently, investors are longing for the Reagan years, when lower income taxes decreased the cost of capital, and thus lowered the "hurdle rates" for various investments and projects. And the Dow took off in October, 82 and rose magnificently until March of 2000, with the internet bubble bust.

Right now Obama could provide an overnight turnaround if he cut corporate taxes, which would to help bring jobs home from overseas, and also would reduce the cost of capital for more investment.

And if Obama reduced capital gains and dividend taxes from 15% to 7.5%, it also would lower the cost of capital and create more investment. Remember that the 2nd, 3rd, and 5th longest economic growth cycles have occurred after the top tax brackets had been lowered.
 
But Comrade-in chief Obama has other ideas; just look at what happens when he speaks:

On inauguration day you could follow the dive of the Dow as he delivered his address. Whenever Geithner and Bernanke spoke recently, the market dived. After the anti- stimulus bill was passed by Congress, the market dove.

Words are important to the markets; and so far Mr. Obama's words have given the market nothing but negative reassurances.
 
The market trades basically on solid expectations. But the one thing the Street cannot tolerate is uncertainty. And the market is spiraling down in a cyclone of economic bad omens. And worse, the specter of the Obama tax hikes has basically pulled the plug for any type of bounce for the Dow-Jones in the near future.

Wall Street is about creating wealth. But Obama is about destroying wealth. Oppressive tax policies on the wealthy destroy initiative; and destroy the most essential element of future economic expansion--CAPITAL. People seem to be thrown for a loop when that word 'capital' is tossed out there. That includes Barack Obama.

But the maddening question is: Why doesn’t the Chosen One choose to calm the waters? If Obama would only make a simple announcement: "We do not plan on raising taxes for the foreseeable future, because in a downturn, this is a bad idea".

But instead, we get: "Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes; not any of your taxes.
 
Translation: if you make over $250K, your lifestyle is going to mimic the stock market--it's about to take a sudden plunge-- and it will take the economy down with it.
 
And all during the prolonged plunge, Obama stubbornly has taken a phlegmatic approach to the massive losses in the market; while all the while, panicked investors and big money speculators--fearing another 1929-- are driven to panic selling.

But Obama doesn't see the losses as suffering for people, but rather an opportunity, because he suffers himself from that incurable disease-- economic socialist liberalism-- a disease which is always terminal, and has no cure.

Economic liberalism's symptoms are many, but the cause is simple-- those who suffer from it have never worked a hard day in their lives. They have no idea of what it takes to earn a buck in the real world; they never have had a real job in the private sector.

Thus according to comrade Obama; anyone who has more money "than they deserve," must surrender the excess to those who have less. A philosophy which is an anathema to Wall Street.

After 1929, the market didn't recover for 25 years, until1954. And for all we know it could go down much more from here, reminiscent of the good ole days of 1930-36.
 
So after 200 years of presidents who have praised the economic strengths of Americans, Obama is celebrating our weakness. His negative words have done almost as much damage to the stock market as all the financial challenges combined.

And Obama knows well the one TRUE economic index to be concerned with: the power a fascist can seize is directly proportional to the severity of the crisis.

Obama has learned well his socio-marxist-fascist strategy: It is much easier to frighten people than to urge them to do the right thing.
 
Barack Obama, former South Chicago community organizer; he was not trained to give people hope and encourage them to strive to be better; his training was to convince people that they were truly downtrodden and oppressed, and that only the government could save them.
 
So Obama welcomes a terrible economy-- it enables him to call it a crisis, and enact desperation measures that steal individual freedom from Americans. Obama wants everyone to need government. And bigger government bestows more power to Washington.
 
Fear and intimidation is a standard policy, Just look at Cuba (or any socialist nation) and you can see that Obama is ruling in the same manner as any socialist dictator would. Thus our anti-president needs a declining economy. It makes it easier to install full-fledged fascistic socialism.
 
Barack Obama- the Marxist man with a populist, preacher-like Mussolini slant.

So what's the best advice to Wall Street and investors alike? Buy "puts" on the option markets; go "short"; brace for further declines.

Until Obama learns the difference between being a leader and being a manipulator, the markets will descend. Until Obama learns how to solve problems, not exploit them, the market will go down.

But if Barack's callous calculations somehow don't work out-- if it's only one term for our fearless, socialist leader-- he'll find out that all along, tax cuts and prosperity (not fear and uncertainty) should have been the way to go.

And "Yes we can", will quickly turn into a..."I wish we did."


www.keenobserver.blogtownhall.com


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Say Brother, can you spare a trillion?

 
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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Commander Obama's first big mission-- fighting off a Depression


In March of 1933, President Franklin D. Roosevelt assumed the inaugural podium, and delivered his historic quote: "We have nothing to fear but fear itself".  And FDR, masterful in his role of playing political psychiatrist, knew instinctively that fear was indeed, about to engulf the nation into possible chaos, as the effects of the Great Depression were manifested across an anxious and hardscrabble America.

By late 1932, there were 12 million people unemployed, a rate of 26%. As a result of the stock market crash, 23,000 people had taken their own lives, unable to reconcile the fact that they had gone from rich to poor literally overnight. People actually WERE in danger of starving to death. There were no safety nets.

Thousands of financial institutions had become insolvent. Anecdotal reports around the country told of people returning to their local banks armed with guns, after they had first been refused the withdrawal of their savings. The nation was on the verge of financial collapse, had not Roosevelt stepped in with his message of optimism.

And presently, Americans are staring at the prospect of another economic debacle. The leading indicators are in free fall. Manufacturing is plunging. Banks aren't lending. Consumers aren’t spending.

President elect Obama, not mincing words, warned that without drastic government action, "a bad situation could become dramatically worse...If nothing is done, this recession could linger for years... My economic stimulus package needs to be passed swiftly."

Obama painted his pleas with a sense of deep urgency: "For every day we wait or point fingers or drag our feet, more Americans will lose their jobs. More families will lose their savings, and our nation will sink deeper into a crisis that, at some point, we may not be able to reverse."

Obama predicted unemployment could go above 10 percent, a GDP over $1 trillion below its full capacity, and the loss of the U.S. economy's "competitive edge" and global standing.

Obama's message was stark; in short, that, "a bad situation could become dramatically worse". Mr. Obama warned that the cost of his plan could be upwards of $800 billion. The increased spending comes at a time when the President-elect will inherit a record $1.2 trillion deficit.

But hey-- what's going on here? Obama's intrepid tone might be described as anti-Roosevelt fear mongering-- we have EVERYTHING to fear...we should all be very scared of a possible financial meltdown! Yes; the next great depression may be on the way, save for the intercession of the Great Savior's trillion-dollar stimulus package.

And how's this for some REAL fear-- the D.C. Metro system is issuing fare-cards with a photo of a smiling Barack Obama, to commemorate his upcoming presidential inauguration. But if ol' Barack was serious about the tough times ahead, he could have at least frowned a little for the picture, or sneered. But a smile during times of great fear?
 
And how's this for some stimulus? Fast approaching is Barack Obama's planned 50 million dollar inauguration. It will be a four-day affair, replete with the traditional balls for all the chic-chic Washington insiders. Indeed, all the more example of the frightening situation we are in.

But doesn't it seem a bit ironic-- to be calling for sacrifice on one hand, while toasting with Dom Perignone with the other? The country, in an enormous financial crisis, and the Obama administration is busy planning a party? Wow! Barack is really tightening the ol' belt.

Yes indeed...What a joy to have Obama guide our country during this difficult time! Sounds like a great way to stimulate the economy. Yes, for this inauguration, Mr. & Mrs. Obama, are going to let it all hang out!

While it's anybody's guess what Michelle Obama plans to wear for the big blow-out, Mr. Obama has already picked out his tuxedos for the many inaugural balls that are planned for the events. And it's a good guess that he probably isn't renting them from Ralph Lauren. Michelle's inauguration frock is anybody's guess; and it's a safe bet she won't be turning out in something off the rack from a department store. But whatever dress Michelle wears, she and her husband certainly deserve it!

And as far as the invitations go, the A- list isn't exactly a motley crew: Hollywood stars are dropping big money for tickets--many have already given $50,000 for their invitations, and several other perks. The events are likely to be the most star-studded celebration the nation's capital has seen in many years.

Oprah Winfrey, who dubbed Obama "the One" in the early primary days, will film her show from the Opera House at the Kennedy Center. Yup. we are indeed approaching a great financial crisis.

Mr. Obama has raised almost 25 million in donations from Hollywood, famous athletes, Silicon Valley, and Wall Street executives. So is this Obama's idea of building the economy from the bottom up?
 
Get this--more bottom fishing! Elizabeth Bagley, an ambassador to Portugal in the Clinton administration, has bundled together a contribution of $300,000 for Mr. Obama’s inauguration. And her husband, Smith Bagley, has come through for a bundle of $600,000. Mr. George Soros gave the maximum $50,000 individual contribution, as did four members of his family, for a total Soros donation of $250,000.

Other supporters now on board with Mr. Obama include Magic Johnson, the former Los Angeles Lakers star, and Robert Zimmerman, a longtime democratic backer from Long Island. While the inauguration committee bars money from corporations, it "accepts" money from corporate executives, who can give as individuals. Yup; the rules never seem to change...ya gotta pay to play.

Top executives from Microsoft, for example, have given a total of $300,000, and those from Google have given $150,000. Officials from several other technology and telecommunications companies have also contributed, including Robert Glaser, chairman of RealNetworks; Irwin Jacobs, founder of Qualcomm; and Chad Hurley, a founder of YouTube.
 
Yes! What a joy it is to have Obama guide our country during this difficult time. And not that long ago,  Mr. Obama told everyone that the American family should cut back on their spending because of the economy. But evidently, not everyone got the memo.

Hollywood is ponying up bigtime, and bestowing its treasures upon the Obama campaign. In addition to Steven Spielberg and wife, Kate Capshaw, the donors include Jeffrey Katzenburg; Jame Lee Curtis, Sharon Stone, Tom Hanks, Samuel L. Jackson, Jamie Foxx, Halley Berry, and Barry Gordy Jr., the founder of Motown Records.

So, did we leave any body out?

The $24 million pledged so far puts Mr. Obama more than halfway toward the goal of raising the $40 million to 50 million for what could be the most expensive inauguration ever, topping the $42.3 million that President Bush spent in 2005.

The star studded entertainment line up will include Chuckie Brown, Clones of Funk (a la George Clinton),  and P. Funk, along with special guest dancers, media celebrities, and more. It will undoubtedly go down in history as the funkiest inauguration ever in D.C!

Transportation officials and police in Virginia will divert private vehicles on I-95 headed toward the city onto the Beltway at Springfield. The unprecedented wholesale closing of Washington area roads and bridges is necessary because of what officials expect to be record crowds for the inauguration
 
Officials expect more than two million people, which means added costs for opening the Washington Mall, setting up extra JumboTrons, and providing 5,000 portable toilets. The District of Columbia alone spent more than $15 million in 2005 for the Bush inauguration, and says costs this year will at least triple to approximately 45 million.

And in this stark era of economic downsizing, the Obama team is planning a full schedule of events, both for the public and for donors. They include a procession by train into Washington from Philadelphia on Saturday, and a dinner for top financial contributors that night; a brunch on Sunday for donors; and a public welcoming concert at the Lincoln Memorial on Monday.

And lest we forget: the traditional inauguration ceremonies on Tuesday, followed by a parade and 10 balls at night. One of the official Obama balls is a “neighborhood” ball open to the public. The entire nation's capital will be the site of a massive celebration.

Rep. Eleanor Holmes Norton, (Dem-DC), has requested an additional $15 million from Congress to help the city cover costs. That would double the $15 million Congress has already allocated to pay for all national events and demonstrations in Washington during 2009.

D.C. Mayor Adrian Fenty worried that, "for a city facing a budget shortfall, and the same economic downturn affecting the rest of the country, now is not the time to rack up more debt". Fenty predicted costs for the city would run close to $50 million, and added to the basic 40-45 million Obama is raising, it's a grand total of approx 95 to 100 billion.

Sounds like a great way to stimulate the economy!

This is the same President-elect that campaigned on responsible spending; the same person who spent tens of millions on his convention acceptance speech; and now plans  on spending 1/10th of a billion for the cost of his coronation.

Yeah; Mr Obama is certainly showing us all the way to fiscal responsibility.

Two days before Thanksgiving at a Chicago press conference, President-elect Barack Obama asked the country for economic sacrifice in the face of a deepening financial mess...(quote) "If we are going to make the investments we need, we also have to be willing to shed the spending that we don’t need.”(unquote).

We're supposedly broke, Congress gets a pay raise, and Obama spends a fortune on a party-- some change this is going to be. And by the time they're done, there won't be any "change" left. And we the people are expected to hunker down and suck it all up--just a small example of what's to come in the next 4 years.


www.keenobserver.blogtownhall.com

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Hey, wait everybody! Aren't we supposed to have only one president at a time?


Students of history, take notice. We're all about about to make a sudden sharp left, and we're not talking about someone's back-seat driving instructions, either.

Hints of this upcoming "transition" (i.e. our "centrist" president-elect turns leftist) were evident in Obama's recent post-election "60 Minutes" interview on CBS, with Steve Kroft. One could literally see Obama's face brighten up like a sunrise during this exchange:

Kroft: Have you been reading anything about the Depression?
Obama: There’s a new book out about FDR’s first 100 days; and what you see in FDR is what I hope my team can "emulate"...

From this little snippet, it's overtly evident that Obama has studied Franklin Roosevelt assiduously. Obama could undoubtedly author a term paper titled, "Our 32nd President: How FDR saved America from prosperity for ten years, expanded the federal government and presidential power to unprecedented new levels; and became a cult hero and was re-elected 3 times, after creating millions of new government dependents."

This is basically the role Obama (the blank slate) was looking for all along ever since November 5. So he's now...ta-da, "the self adopted Son of FDR."

Presently, the democrats want Obama sworn in immediately. They're calling for him to "take charge"..."be more proactive". Translation: "Roll out the pork barrel now--our constituents are murmuring-- we cant wait any more!"

Since Obama has promised a massive rebuild of the nation's infrastructure, after January 21 it'll be governors galore coming out of the woodwork with..."Hey Mr. President, have I got a bridge for you!

Democratic freshmen Congressmen are lining up madly like at the entrance of Walmart on black Friday. They already smell the green to buy the votes they'll need for re-election in 24 short months , and are salivating in a virtual feeding frenzy. This pork-picnic anticipation has been building ever since that 60 Minutes interview, after Obama dropped this neutron fiscal bomb:

Kroft: Where is all the money going to come from to do all of these things...?
OBAMA: We have to do whatever it takes to get this economy moving again...and that we SHOULDN'T WORRY about the deficit next year or even the year after.

Attention everybody...now hear this! The Almighty Barack hath spoken; deficits do not matter now, so start the printing presses...break out the monopoly money, and give out the community chest cards to everyone 'cause Santa Barack is coming to town!

In the interim before his inauguration, Obama will spoon feed enough centrist rhetoric to keep his critics at bay, while he knows the economy is sliding downhill faster than the May 1940 fall of France. So under the guise of..."there's only 1 president at a time", O-bam-0 will act presidential, but non-committal. Then, just like FDR "taught him", he'll continue to let the crisis build, let the nation hope and worry, and then... poof! He'll magically appear as their savior on January 21. It's a pretty good game plan, and FDR hit a grand slam with it as far as being able to acquire power that was unprecedented in history up until that time in 1933.

Obama will act just "presidential enough" keep the nation in awe of his "coolness under crisis", and at the same time, he can continue to blame the falling economy on "the failed policies of the Bush administration". It's the old football strategy, running the same play as long as it keeps working.

And speaking of work, Obama recently has come out with a "2 year plan" (careful Barack, we're getting rather soviet here). Obama has directed his economic team to come up with a two year plan for job creation..."The key for us is making sure that we jumpstart the economy in a way that does not just deal with the short term, does not just create jobs immediately, but also puts us on a glide path for long term sustainable economic growth...a plan that not only creates jobs, but also puts the public agenda ahead of the agenda of the private interests."

But ironically, the private interests are those who would seize the opportunity to create ACTUAL work, which are the real job problems Obama claims he can solve, but will not.

Now lets get hypothetical: let's say Obama were to split the money 50-50 public vs private, and declare; "may the best sector win". The entrepreneurs and so called special interests would emerge. They would invest the government grants and put capitalism to the task of creating real wealth. America is a nation unrivaled for innovation, and new ideas would flood into the market, and people would be put to work fabricating new goods (electronics, communication devices, etc) which creates newly-needed support services, that beget more hiring, and then generates the wealth-multiplier effect that all viable markets create.

Markets create wealth because people are needed to carry out the demands of the users who seek those very same services and goods. But Obama knows nothing about free markets or real jobs, because he's never run anything, not even a paper route. And since Obama has never experienced real work, he thinks the government does everything best; just as did his patron saint of government failure, Franklin Roosevelt.

Back in 1933, FDR saw his opening to forge opportunity from crisis, and succeeded on a historic scale. We had the FERA, CWA, WPA,, the CCC. and the RFD, and every other thing he could dream up back then. Sure he created a lot of jobs, but not any real work! So the depression was prolonged because FDR for all his glory, couldn't create any wealth, which can only be done in the private sector. And previous history bears this out

The Egyptian pharaohs were probably the original socialists and originators of government programs to "create" jobs; and look at all the gigantic public works projects they produced; the pyramids, the Sphinx, and all the grand monuments of Egyptian innovation and engineering and construction. But since these were the original government make-work programs, other than the weather worn structures, when the Pharaohs died out, so did the economy, and the culture and the country fell into disrepair. And not much is different there today.

But what if the Pharaohs had used the private sector? If King Khufu had cut a deal with maybe some Assyrian contractors, they could have come in and HIRED the engineers and foreman, and laborers, stone cutters, block layers, and surveyors, and the waterboys. They would have been paid WAGES; and once the job was done, the contractors would have maybe moved on to Athens to construct the Parthenon, while all the workers would have been left with lots of money to spend.

Now this wealthier new Egyptian middle class could afford to buy things. They would have undoubtedly demanded some good provisions, and nice housing, and some cool garb, so than all new industries would have sprung up to provide them. There would have been an agriculture industry. There would have been a new apparel industry, there would have been new housing industries; all creating the need to HIRE more people, doing real work. Now the great new cities of Egypt would have sprung up. The population would have multiplied, and created a permanent supply/demand PRIVATE economy that may have flourished and possible elevated CAIRO as the Rome of its day, because all great nations were built and sustained by WEALTH!

All governments if they see fit, can create jobs but not wealth. If they could, poverty would be virtually non existent in the world.

A federal agency could hire people to dig holes, and hire a second group to fill them up. But then after the "project" was completed, (or the grant ran out), both groups would be dependent on unemployment compensation. This may be getting a little too flippant, but it illustrates the point-- government programs employ, but they do not HIRE. And these programs are paid by grants...they are not wages. But hiring and wages imply permanence, while employing and grants imply obsolescence...the government jobs never last because the demand for them was not there in the first place; it was created, not needed.

Once again, the missing part of the economic equation in government programs is THE demand side. If only the taxpayers money could have been better put to use, it would be different. The idea for any government is to create a political climate for the creation of wealth.

Example: if the government instead would provide low interest loans and tax breaks to small business (the real job engine of the United States), look at the huge difference. New small businesses from creative entrepreneurs now spring up everywhere; unemployment drops sharply; newly enriched workers begin buying new homes, TV's, cars, phones, computers, creating a new wave of demand for more workers who are paid more wages, and they now expand the unfettered free market ever further, and so on.

But Obama despise free markets, they diffuse power away from the government and back in the hands of the private sector; which is what Obama will be fighting against. The more power he can wrest from the private sector, the larger he'll be able to expand the federal bureaucracy; basically doing exactly what FDR did to win re-election for 4 terms, by creating a culture of government dependency. But wouldn't people be much better of with a real semi-permanent job rather than a monthly government hand out from the savior?

But it all goes back to expanded government dependency (socialism). And socialism doesn't generate wealth, but instead creates dependency, anxiety, misery, and class envy.

Obama may be our most promising, most inspirational president-elect ever, but the jury is out as to how America will fare under the soviet model of central planning, two year and three year programs, with czars appointed to run major industries, health care, energy and all the other czars that will be deemed necessary to "fix this crisis".

Obama's grand utopian vision will not create any private jobs. It will not create any permanent wealth. But it WILL dangerously inflate the dollar, and WILL saddle us with a 10 -to-20 year "plan" of huge ballooning budget deficits, burdened by the unsustainable interest on an out-of-control national debt, and portending nothing good for the long term; only the possibility of insolvency, bankruptcy, future misery, and a 3rd world economy, just like they have in Egypt now.



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Barack's economic bungee jump...will America survive?


Recently, Barack Obama and loving spouse Michelle, were interviewed by Steve Kroft on 60 minutes. It was a rather congenial Q & A  session of softballs thrown by Mr Kroft, where Obama talked glowingly of how he will live up to the challenge of the presidency, with all the faith of the nation and the world behind him.
 
The first topic, of course, was the economy, and how our new president would allocate the funds of his proposed 700 billion stimulus to avoid another Great depression. Of particular interest was the only hardball question from Kroft in the entire interview, who asked of Obama:

Kroft: Where is all the money going to come from to do all of these things? And is there a point where just going to the Treasury Department and printing more of it ceases to be an option?

OBAMA: We have to do whatever it takes to get this economy moving again, that we’re gonna have to spend money now to stimulate the economy. And that we SHOULDN'T WORRY about the deficit next year or even the year after.
 
Did you get that? We shouldn't worry about the deficit? Then shortly thereafter, came this blockbuster exchange:
 
Kroft: Have you been reading anything about the Depression?

Obama: There’s a new book out about FDR’s first 100 days; and what you see in FDR is what I hope my team can emulate-- is not always getting it right, but projecting a sense of confidence, and a willingness to EXPERIMENT in order to get people working again.
 
This is indeed some deep, deep economic pondering on the part of our newly minted president-elect. Mad economic scientist Obama says he would experiment-- try one thing, and if that didn’t work-- "well golly gee, it ain't my money so I'll just try another!"

So is professor Obama setting the stage for emulating the whims of FDR? Of course he is! It's that old reliable Italian economic model--the spaghetti on the wall stimulus! Mama mia! It's the same failed approach used by Franklin D. Roosevelt  that only served to prolonged the misery of the depression for 8 more years. And Obama is confident about wanting to emulate this? O solo mio...God help America!
 
But as with any harrowing crisis, the confidence of Obama always is there to calm the storm of concern.
 
But Kroft seems to have left out something: the ONE grave question that must be axed: Mr Obama...about that 700 billion stimulus package...what if it does NOT work? Uh, then what? What if none of the spaghetti strands manages to stick? Or aren't you worried? And what would you cook up for us next? Create new government jobs in the Supreme Court? Remember? Thats exactly what FDR (your new-found inspiration) tried to do in 1937? But it fizzled out. Something abut it being unconstuitutional or some thing, which probably wouldn't stop you once you "take over".

And should we also be mindful about WHEN and IF we do run out of the printing option? Should that be a matter of concern for Americans? Could the world become so flooded with PAPER dollars that our foreign creditors (OPEC/China) would say... "Okay...we have enough of 'em now, so if you American consumers want more credit to buy our stuff, we'll need something more solid than all this paper currency in return".
 
And sorry Mr Obama; there is no historical precedent for doing this. Back in the 1930's, it was a different sort of beast that had to be tamed.
 
By 1933, the U.S. had already passed the Smoot Hawley tariff, and president Roosevelt saw no need to rescind it, because we produced everything we needed back then. But FDR lengthened the depression with his original spaghetti-throw approach of trying various solutions, which only served to create more problems (not jobs).
 
Nowadays, it's vastly different; the "spaghetti" strategy  may only serve as history not repeating-- but rather defeating America down the road as a result of Obama's reckless mental utopia that..."deficits are not to be worried about". This is economic insanity! Is this any different from money growing on trees? That seems to be the attitude being conveyed.
 
Go Barack-0! Get that vote-buying stimulus money out there very day you're sworn in! Secure the "purchase" of your second term; then let some future administration take the fall when the abominable deficit man finally makes his appearance to collect on YOUR debts; and you’ll be rich and long gone, after having pulled off the one-time limited-edition Obama fleece of America.
 
But that’s down the road. First things first-- like professor Barack-0 says in his interview..."my first legislative goal will be to get Congress to pass an economic stimulus package that  will create jobs and put money in the pockets of ordinary citizens"
 
First and foremost Mr Obama, you cannot create jobs with government programs. FDR tried it and failed. and you too will find out that the laws of economics, supply & demand, cannot be repealed. Real jobs are only created in the private sector, which you despise. Government can create jobs, but governments can't create work.
 
Example:  instead of stimulating the consumers (demand side), lets say Obama decided to jigger the production (supply) side, and cut capital gains and income taxes, along with corporate taxes. Literally overnight, it would reduce the cost of doing business, ignite investment, provide motivation for expansion and new business creation, while concomitantly increasing the value of every stock on the exchanges...the result? A boom.
 
WHY a boom? Political uncertainty is lifted. Entrepreneurs emerge to put their creative ideas into reality. Corporations expand and hire. The market goes up as new money emerges from the sidelines and from offshore. Real work and real jobs then spread throughout the economy, creating a 'multiplier' effect.
 
And from a historical perspective, this is exactly what President Kennedy did upon taking office in 1961. His result? The 60's economic boom. Unemployment sank to below 5%. Qualified employees were actually scarce, and many positions were unfilled. And of particular note, this was before the onerous burden of government regulations, EPA restrictions, and before all the employee entitlements that exist today. It was an actual free market economy back then.
 
In the 60's, the Big 3 auto industry was in its heyday. Millions of new jobs were being created by companies like IBM, RCA, Dow Chemical, Dupont, GE, and hundreds more. The Fortune 500 were making a fortune. Corporate taxes were low. We had a positive trade surplus; the stock market flourished . Fed chairman William McChesney Martin, was outstanding in keeping inflation in check during the entire rapid economic expansion of Kennedy's "New Frontier " economy.

The nation prospered back then from all the things that the government was NOT doing. Government stayed out the way of the free market, and let the capitalists act as capitalists.
 
Now, contrast this to almost a half century later, and things couldn't be headed in a more ominous direction. Instead of a free market economy, we have the directionless, anything-goes, spaghetti-on-the-wall policy of Barack Obama. And the result? It's no longer is a free market economy.
 
Congratulations America! We now have a political economy, totally dependent on the whims of Washington's daily antics, and not at all unlike JUST BEFORE the depression economy of the FDR years, where government policies changed so rapidly, that business and the stock market just stood on the sidelines until the rules of the game were better defined.
 
But an economy without a rudder is like a child without its mother...fearful. uncertain, and overtly anxious about what to do next.
 
Presently, nothing PREVENTS real job formation more than what is presently occurring . We have corporate economic paralysis-- i.e. Who gets the next bailout? There's NO policy...so there's no rhyme or reason for any business or entrepreneur to move when they cannot discern the political climate. Obama campaigned with promises of higher taxes, and more government regulation--typical textbook, big government, anti-market liberal economics.
 
Now, Obama is applying bandaids to his campaign promises, and talking like a centrist, and that MAYBE, there will be no tax hikes. Maybe? Now the market is all the more confused, and businesses and banks hoard more cash, layoff more workers, and shift into survival mode. And "maybe" spells mayhem on Wall street, which also despises uncertainty.
 
Obama was elected in no small measure because he captured the hopes of so many, who said his soaring rhetoric reminded them of the beloved John Kennedy. But beyond the rhetoric, the comparison falls far short . Kennedy was about solutions.

But Obama appears to be all speeches, and NO solutions. Again, it's about the spaghetti approach to the economy.  Obama is the man without a plan...just keep printin' away in the ol' fed basement and fund massive government programs to "create jobs". But if you load up the plane with too much baggage, it can't take off.
 
Mr. Obama; will you ever learn... without real work to be done, there is no real underlying job. Government jobs are in title only. They only create bureaucrats to administer things...and there is no real demand for bureaucrats in a market economy.
 
But there is need for tradesmen, truck drivers and engineers. There is need for doctors, teachers, and accountants, because these are the people who perform the real jobs in the real world, and who provide all the goods and services to fulfill REAL needs .
 
Mr Obama will you ever get it? There is no REAL need for Federal government workers other than judicial, and law enforcement. There is no need for all the taxes to support  all the government administrators, the very people who suck the life out of all economies. And just leave all the rest of government up to the local and state entities.
 
Today, people can vividly recall not only what John F. Kennedy said , but what he did. And what do you plan to do with the $700 billion jolt to stimulate the economy, Mr. Obam-o? It'll only  be more liberal make-work  government programs; more bureaucrats to administer  them , and more money printed to 'fund' it all, with the possible ruination of the currency in the offing.
 
You’d better watch out Mr Obama-- your spaghetti on the wall stimulus jolt maybe tempting fate. What if it goes nowhere?

And what if the maxi-quasi public bailout doesn't succeed...what if the auto industry fails? What if Citicorp can't come off the mat? What if all the other companies  go down together as unemployment continues to rise, heavily indebted people hoard scarce money, stop spending, and companies can't make a profit, accelerating the layoffs? That is what’s known as a downward spiral.

Careful professor Obama; the economic dominoes could be lining up.
 
Once again; unlike the 30's, America no longer produces what it needs. And if the money provided in the stimulus is indeed spent by the people as intended, it will only end up back in China where it was all borrowed from in the first place.

So if we continue to borrow from the Chinese…sell them treasury notes to print more money, what now happens after the world has become flooded with dollars? 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!
 
Then it's time to to break out the Kruggerands hidden in the cellar, because American money won't be worth the paper it's printed on.

And again, the words of Mr Kroft echo in stark reality..."at what point do you stop printing money? Well, this is it...the Treasury department, now buried so deeply in trillions of dollars of debt, cannot even afford to buy the printing ink!
 
And then what Mr Obama? Yes...you'll do what you know best! You’ll blithely make another inspirational speech. It’ll be brief, sincere, and to the point; uncluttered by rhetoric, but indeed truly motivational in message:
"Hey America, I think the time has come…we’ve tried everything else…so why not try this for a change we all can believe in…yeah...let’s all have another nice, long depression!



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Possible new D.C. struggle for political power...the centrist Obama vs. the leftist Congressional radicals?


Hoo-wee! Will wonders ever cease? Barack Obama suddenly silenced many of his critics with his selection of several pro-REPUBLICAN-policied people to his transition cabinet. At a recent news conference at a Chicago hotel, Mr. Obama announced he is retaining Defense Secretary Robert Gates at the Pentagon, and making retired Marine General James Jones his national security adviser.

It is indeed notable that Mr. Gates was a firm supporter of the surge in Iraq. And even more surprising is that General Jones holds an "all the above" strategy on energy policy, and firmly supports offshore drilling, and favors the development of more nuclear and alternative energy.
 
Well, above all else, Mr. Obama has always been a political pragmatist (i.e. one who only does that which is useful to his own advantage). And if Barack, in sniffing the political winds, believes this is the best way to deal with keeping up his post-election approval, then so be it.
 
Remarkably, Obama is garnering accolades from all quarters as..."not being afraid to appoint strong people who may politically overshadow him in his first administration".

John Warner, distinguished retiring Republican senator from Virginia, recently praised our new president elect..."The duo of Gates and Jones instills great confidence at home and abroad, and further strengthens the growing respect for the president-elect’s ability to exercise sound judgment in selecting the best and the brightest to implement our nation’s security policies".   
 
Okay everyone...let's puts some hands together and give it up for Obama! Could he actually be out to govern from the center? Stay tuned next January 21 for the first installment of the Obama administration.

But hark...let us not go overboard! Franklin Roosevelt, (who's situation in the 1930's was almost parallel to that of Obama's present-day economic conundrums), also campaigned back then against Hoover as a centrist, tax-cutting moderate; but then veered sharply left after his inauguration, and unleashed his litany of New Deal big-government initiatives on a depression-stunned America.
 
Even the stock market, which had been tanking precipitously in great fear of the socialist Obama, rallied sharply in support of the centrist Obama in the wake of the announcements. But there's more to the story than just that. What Wall Street dreads even more than the perceived socialism of Obama's big government promises, is the radical leftism of Nancy Pelosi and a democratic Congress, with Obama as their rubber stamp in the Oval office. That's the real fear.
 
Pelosi, as Speaker of the House, is literally second in line to be president, and legislatively trumps Obama in sheer Washington DC political power. As Speaker, she can block any bill, no matter the origin, from even reaching the floor for a vote. And she has never yet missed an occasion to use her unique "veto" power to sabotage republican policies ever since she took the gavel in January, 2007 .

At her swearing-in ceremony, Pelosi too, also promised that she would use her position to govern from the center, and immediately swerved to the left faster than the demise of 4-dollar gasoline.
 
Question: Is there anyone in Congress who sits prettier than Nancy (Nazi) Pelosi? Since 4/5's of her district encompasses San Francisco, she has, what many believe, the SAFEST seat in the House. She also has a net worth of approximately 25 million dollars, much of it Microsoft stock, and in the combined net value of the vineyards she and he husband own in Napa valley. And true to her San Francisco roots, she is the Energizer Bunny of liberalism in her legislative outlook.
 
But curiously, given all the gay initiatives we've seen from the Golden Gate city since the 60's, extreme liberalism didn't appear here just because, "hey, it's San Francisco, stupid".

Most Americans erroneously believe that it was the hippie movement that spawned the roots of America's foremost city of liberalism. But the hippies didn't suddenly spring from the 60’s music of the era, or from the flower power of drugs and free love. It all goes back to the Second World War as the real origin.
 
San Francisco was known as the P.O.D. (point of departure) and re-entry for many men involved in the Pacific theater of the war. And back in the early 40's, in some cities, if you were even SUSPECTED of being gay, you could not only be run out of town, but murdered as well. So if you knew you were of 'different orientation', you wouldn't exactly want to trumpet it in the singles section of the classifieds.

There were a number of large military bases in San Francisco in World War II, and many of those men stationed there were gay. And those searching surreptitiously for the growing list of gay bars and restaurants in this port town got an unknowing assist from the armed services themselves, who routinely posted lists of off-limits places where you'd be subject to arrest by the M-P's (military police).

During the war, many homosexuals were screened out at induction centers on the grounds that they would make poor combat soldiers, and that their presence would threaten discipline and morale. If they did passed induction, the gays (popularly known as "fruits" back then) were subjected to harassment in the barracks, due to their inability to explain to their fellow inductees, "what type of women they liked"; and were easily distinguished by their lack of interest in female companionship when off-base leaves were issued.

Rather than returning home, many gay soldiers (and particularly those dishonorably discharged for homosexuality) stayed or settled in San Francisco after their service ended. Can you imagine a dishonorably-discharged soldier calling home and "HERIOCALLY" telling his mother..."hey ma, great news! You and pa wont have to worry about me fighting in the war...I got discharged for being homosexual! We'll all celebrate when I get home... maybe they'll have a parade uptown for me as a returning fruit".
 
Actually, rather than admit to this dishonorable shame, the discharged soldiers stayed and decided to start the war from home base gay-central...San Francisco USA! And why not? They found more gay men here than in many of the places they came from; and more tolerant too. So this primarily lent origin to the gay/liberal movement of the left coast.

As the 50's came on, the rest of California (and the nation) took notice of this and more gays started coming in to set up underground organizations, clubs, bars, newspapers and magazines. And as the 60's came on, the Vietnam war gave the "hip" or hippie movement the cause-celebre that provided them an impetus to acquire an aura of legitimacy...i.e. "We hippie liberals are out to demonstrate why Vietnam is an illegitimate war; and America has not the right to fight it!"
 
San Francisco today can best be described as a city-nation unto itself. It's the capital of gay that sits by the Bay. It's the city where "it’s all about being one"...and about, "treating everybody as one". It's been aptly described by those who migrate there as, "heaven and hell on earth", depending on one's preference. It's either the city of fruitcakes; or the city of the enlightened attitude. Once again, it depends on one's outlook.
 
The homeless in San Francisco are of particular interest. They travel by day and hang out in packs together. They belong to their own "union", unlike the vulnerable, despondent drug-dependent winos of other cities, who keep to themselves. In unity there is strength; and in San Francisco there is tolerance.

Unlike the harassment they--in most cities--face from police (and disdainful "get a job" citizens), the 'liberated homeless' of San Francisco are a cause unto themselves.

Recently, hundreds of concerned citizens fanned out through all of San Francisco's neighborhoods to tally the thousands of homeless people sleeping on city streets, and to discern whether the city's efforts to address the problem are working. "I walk to work every day, and I see this man on the corner," said a 27-year old volunteer, who moved to San Francisco from Boise, Idaho, several months ago. "I don't have the funds to help him financially, but my heart is burdened to help."
 
Besides tolerance, San Francisco is known as "Amsterdam at night", where hundreds of gay bars, tattoo and massage parlors, and gay strip clubs are omni-present. But unlike in other cities, the liberal culture has professed tolerance, and accepts all alternative lifestyles as par for the course.  Visitors describe it as having an 'underground appearance' in almost every city neighborhood. One recent traveler described the 'jovial' atmosphere as..."pot-smoking wierdos walking around everywhere".

So whither will the San Francisco attitudes of Nancy Pelosi lead, come the next session of Congress? Will she spin her web of liberalism, and overcome the newfound centrism of Barack Obama? This may shape up to be the most interesting drama on Capitol hill since Monica's dress.

And also in the Senate, there may arise another challenge from the radicals, such as Schumer, Reid, Kennedy, and the other wizened senatorial leftists. Will Barack use his Chicago, thug-style politics to handle this cadre of aristocratic liberals? Or will they, in effect, say to him... "Now listen young man; you're here for only 4 or possibly 8 years...we're here for life! So forget all your centrist moderate babble..THIS is how we do things in Washington, my boy".

And by April of next year, we all should know who's likely to emerge triumphant is this likely-to-come power struggle. Meanwhile, the possibility of an unfolding new Washington drama grows ever more suspenseful.

Will Pelosi and Reid railroad the green-behind-the-ears Obama, with their skillful manipulation of House and Senate parliamentary rules and procedures? Or will the Obama presidential express of centrism roll over the opposition? Will our 44th president honor his political debts to the left? Or will he, out of political expediency, forfeit the payback, and let them eat crow?

Capitol Hill, 2009-10, is likely to be where and when the new battle of Constitutional checks and balances will have taken place.

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Ah yes, let's all sit back and enjoy the honeymoon of Barack Obama!


In 1988, George H.W. Bush campaigned on a promise of no new taxes, and handily defeated Mike Dukakis, the hapless Massachusetts liberal, in a mini landslide.

But by 1991, the clever Tip O’Neil (then democratic Speaker of the House) convinced the conservative Bush that a tax hike was needed to "shrink the expanding deficit". So Bush, in "a spirit of cooperation", warily acceded to the idea. But the deficit only widened, and the economy got weaker as more jobs were lost.

And despite Bush's masterful performance in the First Gulf War, James Carville and the other Clintonians, skillfully outmaneuvered the Republicans with the famous, "it's the economy stupid" mantra; and exit polls revealed that voters had elected Clinton mainly because Bush had lied about raising taxes.

Clinton took office, and promptly hiked taxes even higher.

Now flash forward to the remarkable similarity we have today.

Presently, our exalted president-elect, Barack Obama, is acting presidential in spades. He is rattling off new economic proposals faster than an auctioneer can bid up prices.

Obama continues to name an an ever-expanding array of new advisors, creating a brigade of impressively-credentialed former fed chairmen, ex-treasury secretaries, and hallowed economists, all too numerous to name without losing one's breath.

By the time Obama's done naming new advisors, they may have to construct a new office building on Capitol Hill to chair them all. But too many cooks spoil the soup.

And Obama knows the only true economic indicator that matters is the stock market. It is the true barometer and keeper of the nation's wealth and prosperity; and despite the recent upward movement, it's only--in the parlance of a broker--"a bear market rally".

The stock market tells the real economic truth. The value of its shares are the sum and substance of all the nation's businesses, and the insider-stockholders of each company know what's to come. They set the pace for the market's trend; and right now it's SOUTH. And will America continue to see its wealth disappear in fear of the socialist taxman, Barack Obama?

Investor behavior is seeded in emotion...there is fear... there is greed. The market despises uncertainty. And now there is great uncertainty about Obama's future tax policy.

This uncertainty fosters doubt. Doubt leads to fear. Fear leads to selling. Nothing complex; it's how any market works. But despite all his advisors, does Mr. Obama understand this?

But the one thing Mr. Obama undoubtedly does understand, is that he could easily calm the turbulent waters of the Dow Jones with a simple pronunciation..."No Wall Street; I won't raise taxes in a downturn!"

But Obama, ever the clever politician, is already plotting ahead for his second term, and he will not dare risk it by repeating the mistake of the first George Bush. So he will phlegmatically stand aside while the market trends ever lower; destroying the wealth of Wall Street and Main Street alike. Investors realize that raising taxes in a falling economy is akin to throwing an anchor to a drowning man, and they would rather sell now than risk drowning  later.

But criticizing our august-sounding president-elect, is an exercise in futility. Obama acts confident, and sounds SO reassuring, that it only invites return fire and vicious liberal counter-attacks..."How can you say that about our new president?...what do you know?...give him a chance!...look what that *^*#**!* Bush did to us!... and now, look at all Obama is doing!

Yes America; let's look at what Obama is actually doing. His disastrous tax proposals are slowly crashing the market, just like it did between 1929-1932, when it went up and down, and trended ever lower. And all the while, the so-called "experts" said not to worry-- everything would be back to normal. But it wasn't. And it wasn't until 1954 that the market fully recovered.

So Mr Obama...what happened to your abandoned friend-advisor, Warren Buffet, who only a few month ago was your chief economist? He's a fallen star, and lies drowned in your political wake.

Only a few months ago, Mr. Buffet, the investor "expert", also urged America not to worry--and to step up and buy, because "stocks were on sale". As of today, Buffet has surrendered approximately 30% of his wealth, and there is no end in sight to the market's descent. And he can thank his buddy Barack...but he will not be able to return the favor.

Oh, and one other thing Mr Buffet sir...how about that saying of yours..."being fearful when others are greedy and greedy when others are fearful". People are obviously fearful now.

Recall how Obama got elected: he created common "enemies" of the people..."Exxon made 14 billion in profit last quarter"..."Big Oil is greedy"..."Bush-Cheney's failed tax-cuts for the wealthy"... "Wall Street greed is causing pain on Main Street." Is there a pattern in all this? To Obama and his cadre of liberal advisors, PROFIT is a dirty word, and tax cuts are verboten!(forbidden). And Wall Street knows this, and this will continue to tank the market ever lower.

And where has train-ridin' Joe Biden disappeared to? Did he board the wrong Amtrak departure? Yes, Joe Biden-- he of the patriotic tax hike mantra-- has also been abandoned by the Machiavellian Obama, who knows that he doesn't dare hint about his plans to tax the coal industries to bankruptcy, and force all smoke-stack industries to knuckle under to draconian new environmental regulations. And once again, the corporate insiders of the stock market are keenly aware, because THEY will suffer the most with these costly new regulations.

In Washington, Obama recently made a speech about, "forming new policies... adopting new ideas coming from fresh voices.... and new ways of thinking". How glorious! But it's just that old famous Obamian rhetoric, because Obama (the political kite) only does what he needs to do for the moment.

And right now, what he only needs to do, is to keep the rhetorical fires burning, and APPEAR to be really doing something, and keep his critics at bay. But he'll callously continue to ignore the true situation at hand - the falling stock market-- which will  give him all the more reason to blame his favorite common enemy...the failed republican policies of the Bush administration..

And what new economic policies and ideas could possibly be out there? The laws of economics are basic…there is supply, and there is demand: and in a perfect world the two are always in balance. If you short one side, the other becomes bloated. There's only two options...either supply side, where you incentify producers, or the demand side, where you incentify the consumers.

And oops...we almost forgot! During your campaign, Mr. Obama, you constantly assured everyone there would be 5 million new green energy jobs created. Then after your election, it was about creating 2.5 milion new jobs in infrastructure, and in making houses and buildings more energy efficient. But now, it's about creating and SAVING 2.5 million jobs. And by next week, what will it be down to then?

But the actual boom in jobs created, will be in you favorite sector-- the federal government-- your employer of first (and likely last) resort. Wow, there sure won't be any recession or tough times in this sector! And ironically, you plan on spending more money in the next 2 years "creating" all this great assemblage of jobs, agencies and government programs, than the cost of the entire six year war in Iraq. And all the while, your glorified promise of the five million new renewable energy jobs will fade off into the political sunset.

So will we all see a return to prosperity? Only the federal government will prosper if this is to occur. Now couple this to all the infrastructure deficit spending, and the national debt could explode toward 15 trillion dollars. Oh well, if Bush doubled the deficit to five trillion, ole Barack-O and his congressional cohorts certainly are not to be outdone...they'll be more than proud to triple it.

And all the while, the more people who lose their jobs in the private sector, they will, in a sense, then be working for the government in the category titled "newly dependent". And Barack is quite aware of this economic law of averages... once there's enough of those who must survive on a government stipend, after the ratio approaches 45%-50% of the population, his re-election is assured.

But right now, as things get worse, Mr Obama, you'll still be on your honeymoon. And you'll use your political license as president-elect to constantly blare away about the " disastrous economy you inherited from George  Bush", our #1 common enemy, “who caused all this”.

Your just so smart, Mr Barack Obama; no one since Niccolo Machiavelli himself, has ever been so politically clever as you.


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Barack Obama's first term...too big to fail?


NOV 10- 2008: Robert B. Reich, who was Bill Clinton’s first Labor Secretary, and now teaches economics at the University of California at Berkeley, recently weighed in about the prospects for the outlook of Barack Obama's first term in the Whitehouse.

Reich began his talk by reminding his audience that the nation was at a crossroads, not unlike 1932 when Franklin Roosevelt took office. Professor Reich began:
 
“Obama is not about the restoration of government as a progressive force per se.”  Huh?... WHAA he say?
 
Translation: Sorry Charlie...do NOT expect anything new from the most sacred, 'yes-we-can-man', Barack Obama... the man himself said he was "a blank slate", so here you are.
 
Reich: "We are now going to affirm the importance and centrality of government in the future of the nation".
 
Translation: Barack Obama is another, in a long succession, of tax and spend liberals.

Reich: "Wall Street lies prostrate after suffering something like a paralyzing stroke; and, with the country entering a deep recession, both deficit spending and financial regulation are givens."

Translation: (1) Obama will print more paper money than Parker Brothers. (2) He will go after big business with environmental controls, and knuckle them under with the threat of higher corporate taxes if they dare protest.

Reich went on: "Obama will take power at its lowest ebb. It is for all these reasons that 2009 will be more like 1933, than 1993. Nonetheless, in my opinion, President Obama’s ability to act quickly will be compromised. We are not in Hundred Days territory...we may need to react quickly in the first 100 days if the economy goes into free fall—the public may demand dramatic action. But there are so many constraints on dramatic action".

Translation: once again, (to reiterate) Obama hasn't a clue of what to do!

Reich: "The tremendous expectations that will accompany Obama to the White House practically guarantee that some of his supporters will be disappointed by the all-too-normal incapacities of a government founded as a system of checks and balances, and lately choked with lobbyists... and confirm the deep cynicism in the public about the capacity of government to do anything big and well.”New Presidents make mistakes...this may take 3, 4 or even 5 years".

Translation: Obama needs a second term, and in the meantime, lookout below! Anything may happen.

Well America, when Mr Obama was running, he often juiced his campaign rallies with his famous humble promise, “This has never been about me; it’s about you".

Translation: "Just elect me the president, and we'll all wing it together from there"

Recently, at a unscheduled lunch time press interview in Washington, Obama cautioned: "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better." But Obama said "Inauguration Day, Jan. 20, is our chance to begin anew".

Translation: Yup..expect more of the "blank slate policy" during his inauguration speech. And notice that subtle escape clause- "likey to get worse"-- this means he'll continue to harken back to the dreaded shopworn excuse, "the failed policies of the Bush administration from the last 8 years"...ugh...haven't we heard that enough?

Obama continued..."We must do more to put people back to work and get our economy moving again. If we don't act swiftly and boldly, most experts now believe that we could lose millions of jobs next year'.

Translation: Positively brilliant outlook and foresight from our 44th president. Try to contain your excitement. Get ready for the litany of excuses..."the failure of trickle-down economics"..."we must put aside Wall street and emphasize Main Street"...etc. ad nauseum.

Final Translation: what Reich and Obama have attempted to communicate here is: the inscription on Obama's blank slate will probably read..."economic train wreck during first term".
 
Already Obama surrogates are apologizing, laying down the feelers to the public, and are planting the seeds for his re-election-- basically so much as admitting that the inexperienced Obama will be way over his head during his first stint in the oval office. 

Presently, people expecting some magical change in the new Obama administration, have been rewarded with more of the same. .. the same Clinton corps of cronies and surrogates from the 90's.
 
Yes America...they're B-A-A-A-CK-- Reich, Carville, Hillary, Lanny Smith, Rahm Emmanuel, John Podesta, Eric Holder, all gloriously re-emerging into the Obama era. (Janet Reno is presently MIA)

But no mystery here...Obama, only having been in Washington for  3 years, doesn't know anyone else. Hence all the retreads from the Clintonian era.
 
Yup, it's that blank slate thing again...so it was either the Clinton cronies, or the Chicago old time gang-- Valerie Jarret and the rest of Obama's south Chicago mob.
 
But where is the bi-partisanship? Where is that post-modern politician Barack promised? Oh well... that's all in keeping up with his campaign theme 'for change'. Now that he's been elected, he can change his mind any which way the political wind is blowing.

This basically confirms what many republicans warned of: Obama was all story and no solution. This is uncharted ground for Mr.Obama. There's no next higher office to run for now. The buck stops here. So Obama must either figure a way to pass the buck (blame Bush?)...or actually set some course of tangible action.
 
But poor Barack...he only knows one thing-- more government, more regulations, and more taxes-- exactly what will turn a bad situation into an economic debacle.

Just look at Wall Street.The market trades basically on solid expectations. But the one thing the Street cannot tolerate is uncertainty! And the market is spiraling down in a cyclone of economic bad omens. And worse,  the specter of the Obama tax hikes has basically pulled the plug for any type of bounce for the Dow-Jones in the near future.

Wall Street is about creating wealth. But Obama (intentionally or not), is about destroying wealth. Oppressive tax policies on the wealthy destroy initiative; and destroy the most essential element of future economic expansion--CAPITAL!  People seem to be thrown for a loop when that word 'capital' is tossed out there. That includes Barack Obama.

But the maddening question is: Why doesnt the Chosen One choose to calm the waters? Just announce simply, "no, we do not plan on raising taxes for the foreseeable future, because in a downturn, this is a bad idea".
 
But Obama stubbornly has kept mum, and taken a phlegmatic approach to the massive loses in the market; while all the while, panicked investors and big money speculators are hitting the exits in droves-- fearing the worst --socialism!

If Obama had any compunction at all, and wanted to stop the see-saw plunge, he could easily just say..."stop...I won't raise taxes". But to him the market panic is just another event under George Bush's watch that he can use to fuel his argument about the "failed policies of the last 8 years", and "failure of trickle down economics", blah blah-etc.
 
Obama doesn't see the losses as suffering for people, but rather an opportunity, because he suffers himself from that incurable disease-- economic liberalism-- a disease which is always terminal, and has no cure.

Economic liberalism's symptoms are many, but the cause is simple...those who suffer from it have never worked a hard day in their lives. They have no idea of what it takes to earn a buck in the real world; they never have had a real job in the private sector; and literally believe money doesn't grow on trees, but anyone who has more money "than they deserve," must surrender the excess to those who have less.

Liberals never believe they can make a mistake, they just think another government program is necessary. Hence classic liberals (like Ted Kennedy) have no idea of actual work, or sweating for your pay; they have never held a shovel or pick in their silky smooth  hands.
 
Liberals usually are not religious; they only morality they believe in is the morality of big government. They deny the real world's rules, which have held for mankind since Day One.
 
Even the old testament's original story was based on the hard work of mankind as a fact of life. Recall the tale of Adam and  Eve. When they were banished from the garden of paradise, God sentenced Adam to a life of having to earn his living "by the sweat of his brow"...it was a sad story, but to this day, a few thousand years later,  it's as true as ever.

So has Barack Obama ever spent a day working till his brow sweated? He was a community organizer, law student, muny lawyer, and politician--never a hard day did he ever work! Never a day spent in the private sector, where the real work, and the real business and production of the wealth of the economy takes place. 
 
And ironically, Obama is now looked to as the one who would solve our nation's most intractable problems: job losses, profit declines, and government barriers to the free market. Basically its like asking the devil to show the way to heaven.

The devilish Obama knows that the worse the economy gets, the more the people will view him as a savior, and it will grant him more time to experiment with his socialist economic alchemy. That's why he's mum-- "let the Wall Streeters suffer from uncertainty--it's not my problem until next Jan 21".
 
Obama has always relied on his sacred power with words..." we’re facing an unprecedented perfect storm of crises—the economy, climate change, and peak oil." He will attempt to make a bad situation seem even worse, because the the more hopeless the people feel, the more they will stand behind him to lead the way out.

But incredibly, Obama has weighed in with detailed solutions-- not about the economy-- not about the energy crisis, or the 11 trillion dollar national debt (and threat it poses); but rather to solving SPORT'S most intractable problem... the NCAA football playoff controversy!
 
This shocking misplacement of our nation's priorities basically reveals the mindset of the evil professor Obama. He looks upon the presidency as his own sort of ball of yarn, to be pawed at and rolled about like a playful kitten, because the Obama media cult has placed him in the "CAN'T FAIL" category.
 
Too big to fail? That's Barack's trump card...thats his free pass he'll have for 4 years. The media have placed all their eggs in the Obama basket. And they will support it from falling until the bitter end, if it should come.
 
Obama will use the FDR model, and have a frenetic" first hundred days." He will distract...he will talk tough about the environment to the smokestack industries. He will initiate a blizzard of important, liberal, make-work job legislation, hike the minimum wage, and be praised by the people as an "action-oriented President".

He will talk about government programs for infrastructure, and alternative energy efficient cars. He will initiate the idea of a health care czar, an alternative energy czar, and an environmental czar. There will be more czars to rule than in all the history of Russia if the Obama plans are passed.
 
The more measures he passes, and the more government programs he initiates, it will cement his true objective-- a second term. But unlike the New Deal days of Franklin Roosevelt, conditions today are VASTLY different.
 
There are 50 million people now who depend on social security, either for their retirement, disability, or survivor benefits. The average check they receive is 1300 month, which is 15,600/ year, times 50 million; which equals a monster 780 BILLION annual obligation!
 
And also, there's that bedeviling annual interest to be paid on the national 11-trillion dollar debt...another 600 billion! And we're already at close to 1.5 trillion in annual obligations that must be paid out on time.
 
Now, add onto that another 700 billion in annual dollar exports to OPEC, and we're over 2 trillion....now add on defense--approx 500 billion...medicare-- 500 billion...combine that into a deflationary, double-digit-unemployment economy, leaving Obama with little choice but to run the printing presses and borrow away.
 
So, what does this all portend? Pick your favorite word-- debacle--calamity-- insolvency...or 2nd Great Depression? 
 
This is like handing over a 747 jet, flying on one engine, into the hands of a Cessna pilot! If the economy continues to lose altitude, will the rookie Obama be able to stop it from spiraling down out of control?

Caution Mr. Obama--our debtors are not blinded by the your cultish mystique. Debts are not taken lightly. The creditors are not foolish. Obama can't pass some liberal law to prevent the Chinese or the Saudis from shutting off the spigot, and wreaking economic disaster.
 
Virtually overnite, we could assume the economic status of 3rd world country. The U.N. would flee our shores. The world will say..."We told you so...you arrogant Americans are so foolish! You have mishandled your economy for years...producing nothing, and importing everything. So what did you expect? Your Barack Obama was no miracle worker as he led you to believe. ..just another socialist-idealist out of the failed European mold".
 
"We now own you America-- you Americans have squandered your chance, and you have chosen to leave your wealth in the ground (oil), and tax the very people to ruin who provide your work. Foolish liberals, thinking you could continue printing money from nothing ..and that you would get our credit for free! And we will collect it all, or take reprisals"...
 
The moral of the story? The disastrous liberal tax and spend policies will not work this time, because America is no longer a wealth-creating nation. Today, we have become (to put it bluntly) a debtor/beggar nation, currently under the leadership of those who would tempt calamity for their own selfish ends-- the retention of power!
 
But the authors of this disaster (should it occur)... these implacable, inculpable liberals, are no fools. They will suffer the least, and most will suffer not at all. They have already enriched themselves from the government coffers, and will be long gone should the apocalyptic final event occur-- leaving high and dry, an honest, bewildered, hard working nation,  wondering..."maybe this hope for a change thing wasn't such a good idea in the first place".  And the United States of America will never be the same.

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Will our learning-disabled Congress spend us into a second Great Depression?


The National Debt Clock in New York City has run out of digits to record the growing figure. The economy continues to get worse. The housing glut endures. Fearful consumers are turning from the yellow of caution to the red alert of panic. Retail stores are doing all but giving away merchandise to avoid going dark next year.  Banks and other financial institutions continue to suffer more losses.

Other than that, the out come for the U.S. economy looks stellar, especially now that the new era of Baracko-nomics is about to get underway! Hi ho and its off to the unemployment line we go!

And to what great economic heights will the Chosen One lead us in his first four years in the new Camelot of Obama?

On his recent "60 Minutes" interview, Barack was asked rather bluntly by CBS"s Steve Kroft: "Is there a point where just going to the Treasury Department and printing more money ceases to be an option?"

Obama : "We shouldn't worry about the deficit next year or even the year after...The most important thing is that we avoid a deepening recession, and we have the tools," the president-elect said .

Atta boy Barack-o! Don't back down! Show everyone that the naysayers were wrong when they accused you of having no working knowledge of either business or economic principles. We know you'll show 'em all when you break out the old reliable democratic tool for any economic problem.. the old reliable printing press in the basement at the Fed.

The primary originator of the printing press as an economic tool, was good ole LBJ. In the late 60's, the Vietnam war costs were spiraling out of control. Johnson was sinking in political quicksand, trying to pay for an unpopular and unexplained war without raising taxes, but yet without cutting all the political promises he made about his Great Society social programs. Congress bitterly opposed his idea of a 6% tax hike, and  all the while, the pentagon's budget was exploding with the war's spiraling costs.

Inflation was bubbling up. The dollar was sinking. Every time president Johnson appeared on TV to announce another troop escalation, he looked as if he'd aged another ten years. Poor LBJ!.."oh woe is me...what can I do?"

So Mr. Johnson decided to set a economic democratic precedent that has flourished to this very day... he would deal with the problem using his new C& P program...Conceal the problem...and keep it Painless-- unleash a new federal reserve strategy-- run the printing presses!

In all its previous wars, the U.S. had paid for them by tax hikes, or selling what the old timers refer to as "war bonds". But Johnson had the fed crank out approximately 200 billion in paper currency to avoid a tax hike, and keep his Great Society ship of state afloat. But by march of1968, the wolf was at the Whitehouse door.

Back in those days, the dollar's role was to act as the world's reserve currency. But the dollar suffered its first black eye when the U.S. began defaulting on that role by allowing its short term liabilities in the form of dollars held by foreigners, to FAR exceed its short term assets in the form of readily available gold. Inflation began to worsen and the dollar began to sink even lower.

Then Richard Nixon attempted to sit on the country's inflationary suitcase, when he went off the gold standard and instituted rent and price controls in 1971. Naturally the suitcase burst open in 1973 when inflation rocketed to 7%. So tricky Dicky Nixon devalued the dollar to juice the U.S. trade balance, and it boomed the economy from the export side of the ledger; and for awhile, the economy thrived for the first part of that year.

But in late 1973, oil prices quadrupled during the Yom Kippur war ,and the U.S. economy  went into an OPEC-stimulated tailspin. But the irreparable damage to the U.S. dollar had been done; never again would it be pegged to the price of gold; it would float up or down in relation to the other currencies of the world.

And then there were those oh so happy days of Jimmie Carter, (the next democratic-economic prodigy), bringing his stellar financial expertise to Washington as a peanut farmer. Carter created the "misery" index-- double digit unemployment, double digit inflation; and double digit interest rates-- a triple header of legendary disaster ! New terms such as "stagflation" were added to our lexicon during the Carter era . He indeed had succeeded in making peanuts out of the economy.

The only thing that saved the country from an economic calamity was the opening of the Alasakan oil pipeline, which saw the price of gas drop precipitously in1977, and gave a huge economic boost because of the big increase it brought to the people's disposable incomes back then.

Clinton, the next democrat, was widely depicted as having balanced the budget, putting everyone back to work, and reducing welfare. But Clinton may have been the luckiest president of the 20th century, largely as a function of  being in the right place at the right time.

Had not Ross Perot siphoned 7% of the vote from incumbent George Bush senior, Clinton would probably be serving out his life term back in Arkansas as its most popular governor since Orville Faubus.

"I will focus on the economy like a laser beam" said Mr. Cinton in 1992! But about all he did was get even luckier as his time in the Oval office progressed.  Deep down Clinton was just another tax & spend liberal vote-buyer, who had to raise taxes (against his campaign promises) to cash all the political chits he owed from the various support groups who got him elected. His luxury tax fiasco (10% on yachts and large boats) illustrated his shallow understanding of economic principles-- taxing the rich puts the middle classes out of work everytime. Boat builders laid off 8,800 workers; and as a result, the unemployment benefits paid out far exceeded the miniscule tax revenues brought in.

When the Republicans won an overwhelming sweep in the Congressional '94 midterms, Newt Gingrich as much as threatened Clinton that..."nothing further would pass unless he reigned in spending and cut welfare into workfare". Its all part of the Clinton book of mythology.

Myth: Clinton put everyone back to work.
Reality: the introduction of personal computer of the 80's had percolated through the economy by the 90's, replacing the paper age with the digital office age. Productivity soared nationwide . Now couple this with the dot-com boom, and concomitant job explosion, and Clinton, who was a largely a bystander to it all, graciously accepted credit as the president of "job creation".

Myth: Clinton balanced the budget.
Reality: this has about as much validity as giving Gore credit for inventing the internet! Ronald Reagan, in conjunction with Tip O'Neil, actually did accomplish making social security solvent by instituting  the original lockbox in the 1980's.

But if the average American of today, worried about his (her) retirement, could just call Mr Clinton onto the carpet now, there are a plethora of questions to be axed.

"Yes Mr Clinton: What was the relationship of the Social Security Trust Fund to the U.S.’s national debt during your 2 terms as president? Was the federal budget actually balanced during this time as every one has been led to believe?  Explain what happened when you were accused of "raiding the Social Security Trust Fund”. Would the Social Security System face financial crisis today if Congress simply didn’t rob the Trust Fund to pay for its expenditures during those years? Is this what Congress did back then? Explain in full detail, please."

The liberal press has led us to believe that the Clinton years were like the days of wine and roses; but just like any myth, the bubble burst in 2001 just as the abominable George Bush entered the Whitehouse. The internet's "unlimited expansion" proved to be quite limited . Clinton's strong promotion of China as "most favored trading nation" began to create the giant offshore sucking sound of America's manufacturing jobs. And  China was the great vacuum cleaner; and Clinton was the one that plugged them in to the world's economy.

Now, add on NAFTA to all that, and history may go on to prove (in due time) that the Clinton years of "prosperity" were those that greased the skids for the U.S. economy to careen downward into its 2nd Great Depression in 100 years.


How about today? Of course the democrats are willing to spend their way to prosperity using the old Lyndon Johnson c-p method of economics. Conceal the problem, and keep it Painless, Yes, those good ole democratic sound  principles-- print our way to prosperity--  then make the problem disappear by saddling the future generations with unbearable debt, because the future generation has no relevance... the only thing that counts is the next election.

Hooray! Lets all cheer for the new era of the Congress with learning disabilities! Barney Frank talks glowingly of tax increases on the wealthy, and breaking out the national charge card... (quote) "I think at this point there needs to be a focus on an immediate increase in spending, and I think this is a time when deficit fear has to take a second seat'.

Is this the way the Obama-energizd tax & spend 111th Congress intends to manage our financial crisis? Joe Biden, during his campaign said..." paying more taxes was patriotic, denying the obvious precedent of Herbert Hoover, who proved that tax hikes during downturns are IDIOTIC. Will they ever learn?

Enter Barack Obama..."Tax hikes on the wealthy are about being fair and achieving balance"...yet more evidence of a learning disabled democrat!

And now, after all this planned runaway deficit spending, we have the bail-out banquet running at full throttle! Congress has voted to increase the national debt to a measly 11 trillion now, with probably another trill or two during the next 2 to 4 years. And what's to stop this leaning-disabled Congress from printing the country into insolvency?

Certainly not the media, who speak nor decry of the reckless financial trends on Capitol Hill. Certainly not all those who are getting in the entitlement line for all the juicy campaign  promises of Obama.

Alexander Hamilton, our first treasury secretary, insisted that the United States pay its debts and practice fiscal prudence. He persuaded Congress to establish a national coinage, a national banking system, and a revenue program to provide for the repayment of the national debt. That then-controversial proposal gave our new nation a chance to grow into the powerhouse it is today.

But what would be the fate of Alexander Hamilton if he were in Washington in this day in time? The media would attack his personal life as a lawyer. Nancy Pelosi would label him a "member of the radical right wingers", with no legislative experience. Barack Obama  would condemn him to the dreaded republican status as "being out of touch" with main street.

So, for how much longer do we sit by silently and watch the democrats print more currency? How much longer can we go down this path toward economic oblivion? How much longer will we borrow until the interest on the national debt (currently 500 billion annually) sinks the ship of state into the ocean of insolvency? How much longer will we reach the point where the dollar is destroyed, and we become the next 1920's era Germany? Will history not repeat itself? Could we expect any different result?

These reckless, treasonous democrats are setting the scene for unprecedented disaster! We are inviting the worst of all economic worlds --a hyperinflationary depression! The democrats are against mining our own energy, and FOR sending our money abroad for OPEC oil. The democrats want to tax our employers, who will then downsize us from OUR jobs. Barack Obama wants to tax big oil with a windfall profits tax, and increase the corporate and capital gains tax, all because its fair? Fair to who?

These disastrous tax policies have already created the current Wall Street slow motion crash; and the housing disaster of declining real estate values. And with Obama in the Whitehouse, and the radical left in control of congress, it'll be gasoline on the fire!

These events have led us up to the current economic crises. And now that we have been  backed into this fiscal corner, the country has two choices.... we either take control of these events, or these events will take control of us,  in either this generation, or the next.

But no matter what the consequences of these corrupt Congressional criminals, once the disaster is upon us, they will be filthy rich and long gone.


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