TEA PARTY TIME IN AMERICA - NOVEMBER 2012
Posted on 09/09/2011 8:24:09 PM PDT by Razzz42
...The only people who will benefit from this bill are bankers on Wall Street who are in line to earn huge fees on the infrastructure deals that get funded by the new national infrastructure bank. While the official U.S. Bureau of Labor Statistics (BLS) unemployment rate in August was 9.1%, down from its peak in October of 2009 of 10.1%, the real rate of unemployment including both short and long-term discouraged workers is now 22.8%, up from 22% in October of 2009 and a new high since the Great Depression in 1933. By further impeding the free market, Obama's bill will further misallocate what little resources...Obama is lying to the public just like Congress recently did in regards to its bill to raise the debt ceiling. Congress deceived Americans into believing that in return for raising the debt ceiling so that the government can continue operating as it is today, "spending cuts" would be made to lower future budget deficits. These so called "spending cuts" turned out to be minor reductions to very large spending increases, with even these minor reductions not beginning until early 2013. Government spending is set to rise every single year until the dollar doesn't have any purchasing power left.
If the Fed and Treasury didn't bail out Wall Street, the world wouldn't have come to an end like former-Treasury Secretary Henry Paulson conned everybody into believing. The truth is, we would be better off today because the bad assets would have been liquidated. The bad assets that caused the financial crisis of late-2008/early-2009 still exist today. The main difference between back then and now is, the size of the Fed's balance sheet has doubled to $2.862 trillion due to the toxic assets they purchased, and the world is now flooded with excess liquidity...
(Excerpt) Read more at inflation.us ...
Shadow Statistics is a pay-for-information service but their homepage has more than enough information for you to get the general idea...click here
1st, it's a cheap political trick to try and trap the GOP into supporting it in fear of being painted as obstructionisis.
2nd, its the same economic snake oil he has been peddaling his entire presidency which is destroying the free market...and which is meant to destroy the free market so he can build a marxist command economy on its ashes.
Well, the American people are awake to his lies and skull duggery. And the GOP leadership had best call Obama out directly on this sham and setup and take the case to the people...or they will be out a job in 2012 or at the first available opportunity.
This garbage stops...the people showed in 2010 and will again in 2012 that they are wise to the sham and are willing to do something about it. Let it wash away the garbage wherever it lies.
Not just bankers.
Every job he explicitly named was a union job.
Construction.
Road building.
Teachers.
Sometimes in the same sentence.
“Make sure Johhny’s bus can make it over that repaired, once crumbling bridge and beat up road, to a newly fixed school filled with teachers.”
I just about puked.
Bankers and unions.
Just playing to his base.
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