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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Thursday, March 21, 2013

Proof That Obama Is Stark Raving Mad

March 21, 2013 by

Our government-run public education system is very bad — so bad that generations of Americans educated in public schools don’t recognize idiots, economic illiterates, Ponzi schemes, frauds or Marxists when they see them. So I’m going to educate the masses with very simple examples that even a sixth-grader can understand.

Let’s compare America to your household. That makes it very simple and easy to understand.
Let’s say you make $50,000 per year, and you owe $250,000 in debt. You’re in deep trouble, right? One way or another, you are headed for bankruptcy court in the future.

Then you receive a credit line in the mail for $250,000. Are you rich? Of course not. That new credit line or credit card is not “income.” It’s a loan — to be paid back at high interest rates. You didn’t just gain $250,000. You just added $250,000 to your debt. You still make $50,000, but instead of owing $250,000 in debt, you now owe $500,000. You think you’re “saved.” Actually, you’re twice as broke as before. Insanity.

That’s exactly what Barack Obama is doing to the U.S. economy. He added $6 trillion in debt in only four years to “save” us from a terrible economy. Well, he didn’t save anyone. He just put all of us into much deeper debt. This debt will destroy the lives of our children and grandchildren. And the economy isn’t even better. It’s in shambles. If interest rates go up in the future, the entire U.S. economy will be destroyed by the debt
.
But there is one part of the economy thriving: the stock market. That keeps going up because Obama has guaranteed the richest fat cats on Wall Street profits by the billions — from you! Yes, you’re paying for the richest people on Wall Street to get rich. Obama is stealing $85 billion per month from the taxpayers — mostly the middle class — to buy bonds that no one else wants and to buy mortgages that no one else wants, which automatically makes the stock market go up. That $85 billion per month that the Fed is printing goes straight to the bottom line of the biggest companies publicly traded on Wall Street. They get rich. Their CEOs get rich. Their shareholders get rich. The banks and hedge funds get rich. And you’re stuck with the bill.
Once again, those trillions of dollars printed by the Fed to make the stock market go up so Obama can act like the economy is getting better are not riches; they are debt. They are loans that need to be paid back by you, your children and grandchildren. Insanity.

Even worse, can you imagine if the $250,000 credit line that came in the mail to “save” you, was issued by you? That’s exactly what’s happening under Obama. We are so broke, so indebted, so insolvent that no one wants to buy our bonds anymore. That’s why the United States, Europe and Japan buy 60 percent to 90 percent of their own bonds. Do you understand what this means? That’s like your being so broke, so in debt, that you lend yourself the money to pay the bills you can’t afford.
Can you imagine if you owned a bank and gave yourself a $250,000 loan that no one else would give you because you are unqualified to handle more debt? You’d be destroying your own future, plus your own bank. You didn’t “save” yourself or your bank. You killed two birds with one loan. Insanity.

How about Obama’s claim that he “saved” the auto industry. Once again, it’s a combination of pure fraud and pure delusion. He didn’t actually “save” anyone. He just grabbed about $100 billion from the taxpayers — that’s you — to redistribute to auto unions so their members could continue to get their obscene unsustainable pensions and then kick back $100 million or so to Obama’s Presidential campaign. It’s called “pay for play.” It’s fraud, and someone should go to prison.
And, of course, we now know that the loss to taxpayers is at least $25 billion and maybe much more. So whom did Obama “save?” I could save any industry in the country by stealing $25 billion from taxpayers and handing it to that industry. But the reality is: You’re out $25 billion, folks. That’s more debt for your kids. They’ll be paying the interest on that debt decades from now, and they didn’t even get a lousy car out of the deal. Insanity.

What if your creditors agreed to a deal to restructure your debt, and they offered you the following deal: You owe us $250,000 and you can’t pay it back, so we’ll raise it to $500,000 and we’ll all agree things look better. Well that’s the “fiscal cliff” deal folks. To solve a debt crisis, we added $4 trillion to the spending and debt, and the President and Congress declared it a victory. Insanity.

What if things got so bad that you finally agreed to cut spending to save your personal economy? So you cut $10 per week to try to repay your $250,000 debt. Well, that’s the sequester, folks. We cut a measly $80 billion out of a $3.5 trillion budget, with more than $16 trillion in debt. We accomplished nothing. Insanity.

What if you were out of work for two years, and you got so discouraged that you decided to stop looking for a job and spend the rest of your life living off food stamps and disability; but because you’re not looking for a job anymore, you no longer consider yourself unemployed? That’s exactly how Obama can claim the unemployment rate is “improving.” Insanity.

Finally, here’s the most bizarre example of all. You are broke. Out of money. You can’t pay your bills. You still owe $250,000. Collection agencies are calling day and night. But you love the Muslim Brotherhood of Egypt so much that you still write them a check for $25,000. That’s what Obama just did with your taxpayer money. Insanity.

I hope it’s all clear now. The U.S. economy is now best described as a combination of debt, fraud and delusion. And the CEO who runs it, President Barack Obama, is absolutely stark raving mad.

Thursday, October 11, 2012

Obama's extreme economic ignorance

 On October 4 Obama issued this Twitter message:

“I’ll use the money we’re no longer spending on war to pay down our debt and put more people back to work.”

 Note to Obama: The federal government has been running deficits for decades. The “money we’re no longer spending” was borrowed money. Ending the wars does not make that money available for paying down the debt, because the money itself was debt! Ending the wars results in reduced deficits. It does not provide a surplus that can be used. (Obama himself has stated many times that the wars in Iraq and Afghanistan were “paid on a credit card.”)

 The economic illiteracy of Obama’s statement is stunning. If a teenager borrows $50 from his parents to pay his September cell phone bill and then reduces his October usage to $40, which he also borrows, the teenager does not “have” an extra $10 to give his parents to pay the $50 he owes for September. He simply owes $90 ($50 plus $40) rather than $100.

 The federal deficit for 2012 is about $1.2 trillion. If ending the war in Afghanistan were, for example, to reduce spending by $100 billion in 2013, the deficit would be reduced to $1.1 trillion. But there is no additional $100 billion to spend on anything! The government still has to borrow $1.1 trillion. Obama cannot “use” that $100 billion to “pay down our debt” or “put more people back to work,” just as the teenager cannot “use” that $10 to pay back his parents or spend on something else.

 Vote the idiot out of the White House before he can do any more damage, and let Big Bird pay his own phone bill.



Don Fredrick

October 6, 2012

Saturday, October 6, 2012



Governor Romney, please ask Obama these questions during the foreign policy debate
 
Governor Romney:


In the upcoming foreign policy debate I expect the moderator to ask Mr. Obama softball questions he can answer with well-rehearsed talking points. If the moderator does not ask pressing questions, perhaps you can challenge your opponent. Here are some suggested questions:


There were 13 threats and two attacks against the U.S. consulate in Benghazi in the six months leading up to the murder of Ambassador Christopher Stevens and three other Americans. Why, Mr. Obama, did you not increase security there?


According to a State Department whistleblower, security at the consulate was actually reduced in the six months prior to the September 11 attack. Why, Mr. Obama?


Why, Mr. Obama, did you believe a handful of Libyan nationals would be sufficient to protect the lives of Americans working at the consulate in Benghazi, a city that had become arguably more dangerous after the overthrow of Moammar Gaddafi than it had been in the past?


In your eagerness to overthrow the Gaddafi regime, you supplied the Libyan rebels with weapons. Did you even know the identities of those rebels? How did you know you were not supplying al-Qaeda with weapons? Can you assure the American people that none of those weapons were used in the attack against the U.S. consulate? How can we be certain that the four Americans were not killed with American weaponry?


Mr. Obama, tell us again why it was in the interests of the United States to intervene in Libya’s internal affairs? Is the loss of four Americans and the loss of confidential security documents in the nation’s best interests?


One year ago, Mr. Obama, you said we did not have to worry about the radical Muslim Brotherhood in Egypt because it had little power. The Muslim Brotherhood has since won the elections, installed a president, now controls the country, and is threatening to tear apart Egypt’s peace treaty with Israel. Tell us again, Mr. Obama, why you thought it was a good idea to oust President Mubarak, an ally of the United States.


Mr. Obama, while you talk frequently about improving U.S. relations with the Muslim world, radical Islamists are persecuting and killing Christians in Egypt, Nigeria. Sudan, and elsewhere. You have neither condemned those actions nor done anything to stop them. Why not?


Mr. Obama, how could you possibly have demanded that Israel return to its pre-1967 “Auschwitz borders” as a pre-condition for negotiations with the Palestinians? Do you not understand that those borders are utterly indefensible? Why do you demand concessions from Israel, but not from the Palestinians?


Mr. Obama, why have you treated the Israeli prime minister with such disdain and contempt? Why did you make rude comments about him to French president Sarkozy?


Mr. Obama, why did you select anti-Semitics like Susan Rice, Samantha Power, and Hillary Clinton for important positions in your administration that deal with foreign policy and Israel?


Mr. Obama, why does your administration refuse to defend Jerusalem as Israel’s permanent capitol? Why does your State Department say it is subject to negotiations?


Mr. Obama, you claim you have imposed “tough sanctions” on Iran, yet agreed to waivers to allow Russia and China to bypass those sanctions. What good then are the sanctions?


What did you mean, Mr. Obama, when you told the Russian president you would be “more flexible” after the election? More flexible about what? What secrets are you keeping from the American people?


Mr. Obama, what was your role in Operation Fast and Furious? If you had no role, why did you claim executive privilege to withhold White House documents? If you have nothing to hide, why are you hiding it?


What was Attorney General Eric Holder’s role in Operation Fast and Furious? Why has he not been fired for incompetence? Why have you not apologized to the Mexican people for an ill-advised scheme that resulted in the murder of several hundred Mexican citizens? If the buck does not stop with Mr. Holder and with you, where does it stop? Why has no one been disciplined or fired because of Operation Fast and Furious?


Mr. Obama, you once said, ‘I believe in American exceptionalism, just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism.’ Do you still believe that the United States is no more exceptional than any other nation on earth? I believe the United States is the greatest nation in the history of mankind. Can you tell me why I am wrong?


I would be very grateful, Governor Romney, if you can force Mr. Obama to address some of the above issues. In fact, America’s future may depend on it.


Thank you,



Don Fredrick

October 5, 2012

Thursday, September 8, 2011

Obama has No Intention of Ending Unemployment Rate, as his Criminal Actions Swell

AND CONGRESS CONTINUES TO ALLOW IT IN POSSIBLE COLLABORATION

by Sher Zieve, ©2011

Editor's Note: Reprinted with permission of The Post & Email.


Is the U.S. Justice Department systematically dismantling every private business in the country?

(Sep. 8, 2011) — Although we can’t say for certain–as we’ve learned over the past three degrading years with Obama that any ruse is possible–strong indications are that the dictator-in-chief’s upcoming “jobs” speech will be nothing more than part of the Obama 2012 campaign. In truth and fact, Obama has no intention of allowing the middle-class to ever have their former jobs back or to gain new comparable ones. Government cannot “create” jobs; it can only allow favorable conditions for prosperity; or it invents new government jobs that are–by design–vampiric and feed upon the real jobs creator (the private sector) and its employees. Note: In the private sector, people who work are called employees. Marxist government working people are called “workers”…sort-of like ants.

Obama has been talking about “American jobs” since he usurped the Office of the US presidency. Then, by way of his actions/inactions, he has destroyed current jobs and now works to drive the companies who supply them out of business or out of the country. How, you may ask? He does it via the addition of untenable regulations, requiring ridiculous additional and nonsensical paperwork to remain in business, shutting down all of our energy potential (specifically “clean coal plants which provide over 40% of domestic US energy) and destroying thousands more jobs while pushing US businesses so relentlessly that they are forced to move their operations to other countries in order to survive. For example, Ford Motor Company has just announced that it will open a $1Billions dollar manufacturing plant in India, substantially increasing its overseas operations. No matter how the Obama syndicate and its subservient media try to spin the story, logic and basic economics dictate that if favorable conditions for expansion in the USA existed, its facility expansion would occur here. Under Obama, they do not.

Another glaring example of the quickly developing two-punch approach of the Obama syndicate’s anti-business and shutting down companies who don’t fully support the tyrant’s regime (this has been done by every single thug dictatorship in history) is Obama’s attack on Gibson Guitar. The latest (second) attack by the Obama syndicate on Gibson occurred in August of this year. US Attorney General Eric “white people haven’t suffered enough” Holder’s now fully thug and heavily armed DOJ broke into and raided the company’s factories in Tennessee claiming the company was using “illegal unfinished rosewood from India.” This is the same wood the company has been importing–legally–for at least 15 years. It is also the same “unfinished wood” used by Gibson’s competitors. One might logically query “Why were/are Gibson’s competitors not raided?“ Answer: The vast majority of Gibson’s competitors supported Obama in 2008. Gibson CEO Henry Juszkiewicz is openly Republican. By the way, the DOJ boys stole over $1Millions of Gibson’s wood. They have not returned it.

In a press release, Gibson states: “The Federal Department of Justice in Washington, D.C. has suggested that the use of wood from India that is not finished by Indian workers is illegal, not because of U.S. law, but because it is the Justice Department’s interpretation of a law in India. (If the same wood from the same tree was finished by Indian workers, the material would be legal.) This action was taken without the support and consent of the government in India.”

Redstate reported that in an interview on the Chris Daniel Show, the following occurred that provided an additional chilling reason for the Obama syndicate’s attempts to shut down Gibson in the USA:

CHRIS DANIEL: Mr. Juszkiewicz, did an agent of the US government suggest to you that your problems would go away if you used Madagascar labor instead of American labor?

HENRY JUSZKIEWICZ: They actually wrote that in a pleading.

CHRIS DANIEL: Excuse me?

HENRY JUSKIEWICZ: They actually wrote that it a pleading
.
CHRIS DANIEL: That your problems would go away if you used Madagascar labor instead of our labor?

HENRY JUSKIEWICZ: Yes

As has been long-believed by many, Obama is working hand to end jobs in the USA in order to further decimate the country. This is one of the prime and conspicuous examples and we suspect there will be many more before Obama‘s thugs complete their work of eliminating the United States of America.

The Obama syndicate‘s crimes are now out in the open for everyone to see and hear. The only reasons members of Congress remain largely silent is because they fear, cower and try to hide from Obama or they are collaborating with him. We have already seen collaboration in the “we give you (Obama) an additional (at least) and immediate $1.2Trillions to spend as you like and you give us $21Billions–maybe–in spending cuts next year.” That was due to all Congressional Democrats and most notably Sen. Mitch McConnell (R-KY), Speaker of the House John Boehner (R-OH) and the other usual RINO suspects.

The Obama regime has ceased many–but, most certainly not most–of its clandestine efforts to end our country. This open and in-your-face police-state behavior is one of them. Congress has done little-to-nothing to stop the now overt criminal activities of Obama & Co. And do not buy the excuse of “we only control one House of Congress.” That applies to politics. It does not apply to high crimes and misdemeanors committed against the American people. Lack of public action to stop them and their crimes will always embolden criminals…always has–always will.

Obama has neither the intention of allowing new jobs to be created in the USA, nor will he allow old jobs to return. That would defeat his purpose. For those of you who still think Obama will save you, you may now return to your hookah or crack pipes.