Texas Governor and presidential candidate, Rick Perry, has released a stunning new ad, taking President Obama to ask for the state of the dismal U.S. economy, which has been battered by an ongoing financial crisis. The ad paints Obama as an America apologist that created no jobs during almost three years in office, making him "President Zero." The ad is quite cinematic and very cutting. It will certainly rile the Obama camp. Perry currently leads Democrat Obama in the polls, as well as placing ahead of his fellow Republicans.
Former U.S. President, Bill Clinton, gave an interview through his foundation, commenting on President Obama and the state of the economy in America. In watching the interview, one gets the impression, Clinton has become an Obama apologist, which is not good for the country.
When the current president takes an ill-advised course of action that proves to be unsuccessful, trying to cover for him is not the answer, because as we have seen, the current administration has a habit of repeating its mistakes, to the taxpayers detriment. Even with the failure of Obama's pet project Solyndra, he is still dumping taxpayer money into similar initiatives.
The path President Obama has chosen as his method to fix the U.S. economy, has consistently proven to be the wrong one, for nearly three years. Projects he is currently proposing to put people to work, will not be up and running until at best, late next year.
Republican Speaker Of The House in Congress, John Boehner, has dismissed U.S. President Barack Obama‘s $447 billion dollar jobs bill as one that will not work. Senator Boehner believes job growth will not come from the president’s proposed bill, but the private sector.
Massive Layoffs From Two American Entities To Leave Many In The Unemployment Line
Barack Obama
The U.S. unemployment rate is going to go up again, due to announced layoffs by two American giants - Bank of America and the U.S. Postal Service. As stated a few weeks ago, the Postal Service seeks to layoff 120,000 people. Last week, it was revealed Bank of America could, "Cut as many as 30,000 jobs."
If both units get their way, that's 150,000 more people in the unemployment line. There are other companies in the corporate sector threatening massive layoffs as well, during the current financial crisis. The question is, what will President Obama do to address the matter? Is President Obama in communication with any of the companies in question or the Postal Service, in trying to head off the problem?
What happened to all the stimulus money Bank of America was given by the U.S. government? Will the U.S. Congress bailout the Postal Service, which is scheduled to go bankrupt this Christmas? Where are the responses from the government, regarding the announced layoffs in the corporate sector?
A sneak peek at U.S. President Barack Obama's job plans reveals trouble. It contains more massive spending and no real revenue stream to pay for it. Items designated to spur job growth are temporary fixes to the nation's problems in the economic department. President Obama is looking at the short term, with spending plans that are costly and will produce very little benefits to the economy. In short, it's not going to work...again.
U.S. President, Barack Obama, is being criticized by both Democrats and Republicans, for going on a 10-day vacation to the luxury enclave of Martha's Vineyard. It is one of many breaks he has taken this year. Politicians are lining up to slam the move.
Barack Obama (stress is prematurely aging the President, as the First Lady is wrinkle free. Maybe he should borrow some of her moisturizer).
To add some levity to the bleak situation, the RNC has launched a website called www.obamagetaway.com which chides the president, via a series of humorous postcards about his ill-timed vacation. The funniest cards are about Vice President, Joe Biden and separately, former President Jimmy Carter. That website is so wrong (LOL).
The latest financial numbers and stats released on the U.S. economy are not pretty. Unemployment is up, the dollar is down setting record lows, more banks are closing and the stock market keeps tumbling in triple digit numbers.
Maybe Obama's time would be better spent in Washington, D.C. in the White House, working on the economy. It really wasn't a good time for a vacation, when so many people in America are suffering and can't afford one.
U.S. President Barack Obama, made an announcement today, regarding a new job plan he is unveiling for America. However, after 2 and 1/2 years in office, launching job plan, after job plan that have failed to fix widespread unemployment and business closures, the public is somewhat skeptical about the President's latest initiative.
As the phrase goes, the proof will be in the pudding, if it really works this time in putting people back to work. Past attempts have only managed to increase the national deficit, with few jobs created to substantiate such expenditures.
UPDATE: The line "Any government in the world should be able to make due on $14.5 trillion dollars in income per year" should have stated "Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof)" and has been fixed.
Why Can't Washington Make It Work
Barack Obama
The GDP of the United States of America is approximately $14.5 trillion dollars, which is a significant sum of money. Yet, Washington felt the necessity to raise the debt ceiling, to negative results, claiming they could not make due on that amount. They claimed it would leave vital national bills unpaid, if they did not increase the current threshold of debt.
The Judiciary Report finds those claims quite dubious. Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof). Excessive spending and financially wasteful expenditures is the problem. A lot of money is coming into the national coffers, which could address the nation's financial problems, but a large portion of that figure is being diverted to the wrong things.
First off, if the government eliminated the three unjustifiable wars it has running, many innocent lives would be saved, as well as trillions of dollars, which could be constructively used in America. Further budget cuts at the CIA, FBI and NSA, would prove very beneficial as well, due to the agencies' role in government, usually entailing starting trouble of some sort against innocent Americans or international citizens in the world, in violation of the U.S. Constitution.
U.S. House Speaker John Boehner and President Barack Obama
As the Judiciary Report sees it, 14,000,000 people should not be out of work and suffering, factories shutting, businesses going under, homes being lost to foreclosure, people wanting to go to university, but can't afford to, all so some can keep unjust tax breaks, illegal wars and unlawful surveillance running. A choice needs to be made now, regarding budget cuts and taxation on the rich, to turn the economy around or things will continue to deteriorate.
The other option is to do nothing and circumstances will make the choices for you, as in the nation completely running out of financial options and having to close a number of agencies (CIA, FBI, NSA) and initiatives, as the money simply isn't there to keep it running, with borrowing options extremely narrowing.
The government is playing a dangerous game in Washington, D.C. and it is one they are going to lose, if they remain on the current path they treacherously tread.
The 2008 financial crisis that continues to devastate the U.S. economy, has shown the nation and the world that Washington is experiencing tremendous difficulty in tackling the economic problems besetting America.
In a problem that originated with and due to the policies of former President George W. Bush and has persisted through the presidency of incumbent, Barack Obama, many people are genuinely suffering under extraordinary financial hardships that never should have happened.
Republican House Speaker John Boehner and President Barack Obama
The people did what was asked of them by working and paying their taxes, but due to abusive financial conduct by the corporate sector, permitted by the White House and Congress, mortgage rates were unreasonably reset to backbreaking levels, gouging millions of people into foreclosure and financial ruin. The American dream of owning one's own home has been shattered for millions, with an unprecedented number of foreclosures.
The cost of living in America also spiked, due to greedy oil companies colluding to raise the price of gas and making a fortune each quarter in doing so, with the consent of the White House and Congress. Nothing was done to stop the banks or the oil companies from overcharging people for two important services integral to modern life, which spill over into other areas of commerce, such as creating added costs for food, clothing and electronics suppliers that transport their goods using gas enabled modes of transportation.
George W. Bush
Another issue that continues to lurk in the background are a number of massive ponzi schemes defrauding many out of their hard earned money. There have been a handful of high profile arrests, but there are quite a few fraudsters still in business, if you can call it that, as that is not commerce, but thievery, which is illegal.
Even with the painful realization of the aforementioned issues, the government has failed at every rung to remedy the serious economic problems that have dragged the U.S. economy to unprecedented lows, causing the nation and the world to lose confidence in Washington. Due to the fact that so many other global economies are intertwined with that of America, other nations and their citizens are suffering as well.
Federal Reserve Chief Bern Bernake
The government knows what they need to do to correct the economy, but there’s just one problem, they won’t do it. It is not politically expedient. All the government has to do is pass bipartisan legislation, making the correct budget cuts and implementing appropriate taxes on the rich, along with legislation that puts corporations in check, giving them clearly defined limits by law, regarding what they can and cannot do in the marketplace.
Standard And Poors (S&P) has downgraded America's once sterling AAA credit rating to an AA+ in news not welcomed by U.S. President Barack Obama and his administration. The $2.4 trillion increase to the U.S. debt ceiling is partly to blame for this historic decision, coupled with no proper tax increases or significant government budget cuts.
It was not a good precedent for President Obama to set. Had Obama simply done what the Judiciary Report has stated for the past couple years - raise taxes on the rich - this would not have happened, as the revenue streams would have begun already and exhibited clear and undeniable intent to reduce the deficit. What's worse is S&P has reserved the option to decrease America's credit rating even further.
Some have tried to spin this news and they should not. Delusion and denial is what created this problem in the first place, in not facing reality and taking positive, proactive action to address the nation's debt. To spin this negative, is the equivalent of a student bringing home a B grade, when they could have received an A had they applied themselves and trying to convince their parents the former is better than the latter.
Congress and the White House have gone out of their way to protect the rich, at the expense of the middle class and the poor. They would do well to remember, there are more middle class and poor in America, than rich, which means more votes to remove politicians from office and replace them with others.
Enough with the tax cuts for the rich, as it is damaging the nation in so many ways. It's time to raise taxes on the rich - a proven, time tested method of bringing in revenues to cash strapped governments. It won't make the rich poor, but they'll have a little less and it will help clean up the financial mess.
One Day Ahead Of Schedule, But The Benefits Are Negligible
The U.S. Congress has passed a bill raising the debt ceiling by by $2.4 trillion dollars, to avoid the nation defaulting on its many debts. The proposed spending cuts, to take place over 10 years, not to commence until 2013, are weak and insufficient to tackle the national debt. There is also the very high probability the government will spend even more money, via miscellaneous and emergency costs, that will completely derail the entire budget.
The bill is not particularly helpful to the U.S. economy, makes paltry cuts in government spending that will have no real impact on the deficit and lacks the tax increase on the rich, necessary to help financially pull America back in the black.
U.S. President Barack Obama (right) and Vice President Joe Biden (left)
The economic numbers are in for July 2011 and they do not look good. Job creation is going at a very poor pace, leaving 14,000,000 Americans unemployed. U.S. Senator Bernie Sanders insists unemployment is actually at "16 percent" not "10 percent." There was next to no growth in the U.S. manufacturing sector, which is bad, as the nation needs exports as one of several key revenue sources.
As mentioned above, another key revenue stream that is missing from the bill, is tax increases on the nation's wealthiest citizens. It's only fair, if the rich are going to live in America, they should help clean up the financial mess Wall Street's greed spree made on their behalf and that of their bulging bank accounts.
Sensible cuts to the government's budget would have made a great impact, such as closing a number of U.S. bases abroad, selling the land/buildings and equipment to the host countries, saving the nation billions in upkeep costs per year. The defense budget is too big, yet as we have seen repeatedly, terrorists can get into America if they want to and engage in evil acts that need to desist.
President Obama and members of his administration
Therefore, you may as well close many of the bases and bring the U.S. citizens back to America. It is cheaper than keeping them open, which is causing further offense in a number of places in the world. It also seems the cuts in the current bill target the poor and middle class, which is a bad idea. How did Congress get it so wrong again.
For the aforementioned reasonable reasons, the Judiciary Report is not in favor of the bill that was just passed in the U.S. Congress. Any sensible person with moderate views and a grip on reality will realize, it is not going to work and after all that wrangling and arguing it sad that this is all they came up with.
"The Obama Deception" is an interesting documentary about U.S. President, Barack Obama and his connection to the questionable Bilderberg Group, consisting of a consortium of the world's richest men and women, who discreetly meet every year, in a bid to dictate world finance. Like George W. Bush before him, President Obama has fawned over the greedy group, comprised of billionaires looking out for their bottom line and not the financial health of the general public. The film makes a number of interesting points.
President Obama made many promises on the campaign trail in 2008, only to break the majority of them when he took office. The Bilderberg Group and other wealthy campaign donors, are largely responsible for this irresponsible shift in position. Obama has tried to play both ends against the middle, deceiving one group (the poor and middle class) while appeasing another (the rich). As the phrase goes, one cannot stand on both sides of the issue.
The poster for "The Obama Deception" might be misleading to some, as the movie does not so much imply the president is an Uncle Tom, but reveals his agenda has now become that of Wall Street, mostly comprised of very wealthy white men.
The film also explores America and Britain's oligarchs and the role they have played in shaping world finance. The film accuses the rich of having President Kennedy assassinated, for philosophically breaking ties with them, in turning his attention in office to matters such as ending the war in Vietnam, civil rights for minorities, "cutting the Fed down to size," world peace and developing a space program.
The documentary contends Kennedy's assassination was a warning to all future presidents never to do this again, in a message of, "Do as you are told or die." The film states, "John F. Kennedy had enraged the entire elite network" as they thought he would be a "puppet" due to his "pro-Nazi father." However, he rebelled against the elite's wishes.
It's ironic, as Obama started his presidency much the same as Kennedy, even reminding me of him in some ways, but the current president made an abrupt turn one year after taking office. Many people noticed this and commented on it as well.
According to the film, Obama has become the most Wall Street president in U.S. history, with his appointment book reflecting this leaning. The film states, "It is the most extreme Wall Street administration we’ve ever had" and "no one else counts for anything else under Obama." It's a shame, because the president started off with good goals that have now become corrupted.
U.S. President Barack Obama is having a hard time in the polls. Numbers in every area of polling indicate, the American people are fed up with the debt ceiling debacle and the economy in general. There has been no recovery in the U.S. economy, only massive spending that is drying up and revealing all the cracks and flaws the government tried to camouflage.
But wait, Obama isn't the only one on the hot seat. The U.S. Congress saw its poll numbers drop to an all time low, with approval rating sitting at an uncomfortable 6 percent and it is deserved. They have passed ludicrous spending bills and can't, excuse me, won't even agree on a plan for the debt ceiling, by taking the best parts of both political parties' proposals and merging them into one bill, for the good of the nation.
President Obama and members of Congress debating the debt ceiling
U.S. House Speaker and Republican, John Boehner, has accused Obama of caring more about reelection, than resolving the debt ceiling crisis that is gripping the nation. The clock is ticking and in less than a week, if no decision is reached, America will default on its debts. According to the Los Angeles Times, Obama's own Democrats are abandoning him on this issue, as they have been pushed to the point of anger.
In listening to President Obama and members of his cabinet speak about the financial crisis, one walks away with the impression, they have the mindset of gamblers. So much money has been pumped into the U.S. economy during President Obama’s term, yet he alarmingly continues to spend and keeps suggesting more stimulus packages, as the solution to America’s dire financial problems.
They sound like gamblers, who keep making risky wagers, believing that next gamble is the one that’s going to put them on top and in the black, only to end up further in the red, in a financial hole that keeps deepening.
It’s time for a sensible approach to finance with a sound fiscal plan, as the Judiciary Report has advocated for years. America does not have money to burn. It’s time for certain people in Washington to stop acting like it. There is a massive difference between debt and profit. Learn it.
After two presidents in a row, Bush and Obama, exhibited poor financial acumen, making very risky economic choices, to the detriment of America and the globe, the financial world has lost confidence in Washington.
The tides are changing in the world. It is the rise of China, India and Brazil in finance, which is a positive development for the world, as it means more people advancing. If America is to remain competitive in the financial world, prudent, precise and insightful action needs to be taken now to set things aright with the economy or risk falling to the wayside. The truth hurts, but it is only in confronting it and making the necessary changes, can one improve and move forward.
Timothy Geithner, the Treasury Secretary of U.S. President, Barack Obama, admitted in a candid interview last week that the financial hardships besetting America, shall last for a long time. Wrong answer! The people don't want to hear that and the sad thing is, the economy could be repaired, but the Democrats and Republicans refuse to agree on a financially sensible plan.
At the beginning of his presidency, bankers representing Americas top banks, went to the White House to meet with Obama and basically blew smoke up his butt. They talked up their dubious plans and walked away with truckloads of U.S. taxpayer money, only to hoard it, which does not benefit the nation.
Timothy Geithner
President Obama and his team, due to naiveté, inexperience and lobbyists, had such poor oversight, this massive swindling of the American people's tax money, was able to transpire without impedance or accountability on any real level, which is regrettable. Some of the stimulus money also illegally stimulated off shore bank accounts.
It is the Judiciary Report's belief, a line needs to be drawn in the sand with banks and other financial institutions, formally notifying them, if they are not going to productively use the stimulus money in the U.S. economy, they must return the funds or face criminal charges. Taxes also need to be raised on the rich, to help combat the sky high deficit, with some of the funds used to create new jobs, but in a sensible manner (Obama Calls For Job Summit).
WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT'-nur) says many Americans will face hard times for a long time to come. He says President Barack Obama rescued the United States from a second Great Depression and will keep working to strengthen the economy. But Geithner says will be some time before many people feel like the country is recovering.
Geithner tells NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."
Proving his political policies are not working, the latest U.S. jobs reports indicates, the economy added jobs at a very slow pace, which has alarmed government officials in Washington. As many polls have revealed, the economy ranks as the top concern of most Americans. The latest weak economic data coming out of the nation's capitol, is throwing a serious monkey wrench in President Obama's reelection plans, as the economy refuses to stabilize, due to the dangerous and unwieldy spending he continues to engage in.
Congress, on both sides of the aisles, has a responsibility to tell the President no, regarding his substantial spending initiatives. It can't continue like this. Someone needs to press the brakes on all this mad spending that makes no fiscal sense whatsoever. It's time to be sensible about this.
It's time to stop spending so much taxpayer money
When one watches news reports on the subject, the Democrats and Republicans, are fighting and telling everyone within earshot they are doing the right thing and the other party is not. However, what message does each side think it sends the nation, when they cannot even agree on a middle ground, to strike a simple compromise.
The Democrats in Congress are the biggest spenders, as they are liberals bordering on socialists, engaging in financial waste. The Republicans in Congress, are more prudent when it comes to money, but they need to stop holding out for no tax increases on the rich, also known as their friends, because the Treasury needs the money. There needs to be a temporary tax increase. Where else is the money going to come from, with businesses posting declines in revenue.
In view of the horrible financial crisis America is currently mired in, is it fair for President Barack Obama, to ask the public to help him meet his goal of raising an unprecedented $1 billion dollars in campaign donations, for his 2012 reelection bid. This move lacks the sensitivity, consideration, austerity and economic prudence, a president should have under the circumstances.
Americans have lost their jobs, homes and life savings. Many are suffering during the current financial depression, in trying to make ends meet and put food on the table. In light of these facts, should President Obama really be soliciting such enormous campaign donations, during a financial crisis he helped to make much worse than it was in 2008, when he was elected.
A new poll conducted by the Mayside Research Institute (MRI) has found a majority of Americans do not believe U.S. President Barack Obama will be reelected in 2012. As anyone in Washington should be able to deduce, the horrible state of the U.S. economy is currently the biggest factor. Obama has spent enormous sums of money, more than any other President in U.S. history and to no results. Correction, to negative results.
If Obama had heeded even the most basic advice, such as what was provided by the Judiciary Report in 2008 and the first quarter of 2009, regarding utilizing prudence and thrift, among other things, the economy would have been back on track by the first quarter of year two of his presidency (2010). Instead he spent a fortune - ironically $666 billion on the stimulus (that number is quite fitting and ironic considering the end result, because the devil is in the details).
You can't spend money like that. It was too much. It's just bad business sense and now America is further behind, than in 2008 when Obama assumed office. As the first black president, I wanted so much more for his presidency, but Obama has disappointed me and many others, by letting Washington change him into a poster boy for special interests, lobbyists and rich campaign donors, whose agenda is not for the greater good of society, but their own pockets. When you lose your roots, you risk losing everything.
MRI Poll: Majority Believe Obama Will Fail In Re-Election Bid
Published on July 04, 2011 - Most say "It's time for another person to take over the Top Job." A new Mayside Research (MRI) Poll finds that 62% of U.S. registered voters think it's time for another person to be America's President (*). Only 38% of likely voters feel that Barack Obama should be re-elected. According to MRI, females are much less likely than males to support Obama's re-election (24% vs 76%). MRI's results indicate that almost three-quarters of African Americans would support replacing Obama (74%) with someone else for the Top Job...
Only 48% of those panellists who declared that they are members of or registered with the Democratic Party, and or planned to vote for a democratic candidate, indicated that they supported Obama's re-election. 52% of those Democrats polled want a change. Unsurprisingly, nearly 100% of the Republican panellists are seeking and would support someone else...
Everyone from Alan Greenspan to Barack Obama's economic committee, have pronounced the President's stimulus a catastrophic failure that wasted huge amounts of taxpayer money in the billions. Mainstream newspapers and blogs have gone into overdrive, taking the president to task for the enormous waste that has set America even further behind.
A year and a half ago, on November 13, 2009, the Judiciary Report predicted this would happen (Obama Calls For Job Summit). It is now being stated this week, it would have been cheaper for Obama to, "Cut a $100,000 check to everyone whose employment was allegedly made possible by the 'stimulus.'”
STORY SOURCE
Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job
12:07 PM, Jul 3, 2011 - The stimulus is now causing the economy to shed jobs. When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.
The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.
In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead...
Down on the Fourth of July: the United States of gloom
July 3rd, 2011 - NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence Day – the birthday of the United States and the 235th anniversary of shaking off the oppressive yoke of British rule...
That’s the good news. On the flip side, however, a country whose hallmark has always been a sense of irrepressible optimism is in the grip of unprecedented uncertainty and self-doubt. With the United States mired in three foreign wars, beaten down by an economy that shows few signs of emerging from deep recession and deeply disillusioned with President Barack Obama, his Republican challengers and Congress, the mood is dark.
The last comparable Fourth of July was probably in 1980, when there was a recession, skyrocketing petrol prices and an Iranian hostage crisis, with 53 Americans being held in Tehran. Frank Luntz, perhaps America’s pre-eminent pollster, argues that his countrymen are much more downbeat now than in 1980. “The assumption with the Carter years was that it was a failure of the elites, not the system. We thought the people in charge screwed up. We didn’t blame ourselves.” Remarkably, many Americans think things will only get worse and the good times will never return.
A recent New York Times/CBS poll found that 39 per cent think that “the current economic downturn is part of a long-term permanent decline and the economy will never fully recover”. That was up from 28 per cent last October. Last month, a CNN poll found that 48 per cent of Americans believe another Great Depression is somewhat or very likely.
Luntz has found that 44 per cent of Americans believe their country’s best days are in the past, 57 per cent that their children will not achieve the same quality of life, and 53 per cent that they are less free than five years ago. So what is going on? ...
