Skip to comments.Obama Lied --- The Economy Died ( IMHO a Must Read!)
Posted on 07/25/2009 8:41:39 AM PDT by CitizenM
"The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery." Winston Churchill.
As President Clinton's campaign mouthpiece James Carville put it so succinctly in the 1990s, "It's the economy, stupid!" It was true then, it is true now. People may be temporarily seduced by intriguing figures and rosy promises but, bottom line, they still have to support their families and pay their bills. When the novelty of this or that politician has worn off and his or her pie-in-the-sky promises prove just so many hollow words, reality sets in.
I am no economy expert, except for seeing every day that Americans are both depressed and terrified about their rapidly devolving savings and the inflation that has already hit them at the supermarket. The other day, I was visiting my mother in the nursing home she has lived in for the past several years, where at least 75 percent of the employees are African-Americans who heartily voted for Obama. This was a conversation I heard in the elevator.
He: how are you doing?
She: Another day, another dollar.
He: Hey, for me it's another day, another fifty cents..
She: Me, too. I'm down to one meal a day!.
As I said, I'm not an expert-on-the-economy person, so I will cite those who are, with lots of bullets to emphasize the horror and Buyer's Remorse that Americans are now waking up to as they realize that the hope-and-change candidate they voted for in November is just another Socialist-cum-Marxist-cum-Communist whose regime (it's certainly not an administration) threatens to transform America into yet another failed and impoverished Banana Republic.
THOSE IN THE KNOW
Martin D. Weiss, Ph.D., an expert in domestic and international financial markets and the bestselling author of The Ultimate Safe Money Guide, has documented the following. We now have:
A new surge in unemployment that, even without counting those who are excluded from the official numbers, amounts to 14.7 million who are now jobless, the most since records dating back to 1948. Worse, for the first time since the Great Depression, every single job created after the prior recession has been wiped out.
Industrial production is falling at the same pace as it did in the early 1930s.
Global trade is falling at twice the pace of the early 1930s.
California the nation's most populous state, with the largest GDP and the greatest impact on the entire U.S. economy is collapsing.
Consumers are slashing their spending, small businesses are laying-off their workers, cities and states are forced to gut their budgets.
The most radical government countermeasures in a 100 years.
The biggest federal deficits in 200 years.
Weiss lists the bald-faced lies that Obama lackeys have foisted on the American public, including Federal Reserve Chairman Ben Bernanke lying to "60 Minutes" in March that he detected "green shoots" in the economy, Wall Street gurus lying about "the end of the bear market," labor officials lying about "a big turnaround in our nation's job market," California officials lying that they would never default but two days later defaulting on the state's short-term debt obligations to countless vendors and taxpayers and then unilaterally issuing millions of dollars in I.O.U.s that few financial institutions accepted.
Weiss also reports that the following government "help-America" programs have all FAILED!
TARP (Troubled Asset Relief Program)
PPIP (Public-Private Investment Program)
TALF (Term Asset-Backed Securities Loan Facility)
TLGP (Temporary Liquidity Guarantee Program)
CAP (Capital Assistance Program)
TIP (Targeted Investment Program)
HASP (Homeowners Affordability and Stability Plan)
CPFF (Commercial Paper Funding Facility)
AMLF (Asset-Backed Commercial Paper Money Market Fund Liquidity Facility)
MMIFF (Money Market Investor Funding Facility)
WHERE ARE WE NOW?
It's not a pretty picture.
Our national debt is $12,000,000,000,000 (as in trillion)
Social Security's unfunded liability if $11,000,000,000,000 (as in trillion).
Medicare's unfunded liability is $48,000,000,000,000 (as in trillion).
All of which adds up to $71,000,000,000,000 (as in trillion!). In short, the Obama regime has in six short months made the United States the most indebted country in the history of world civilization!
This is "change," economist Dick McDonald writes, that "only an imbecile could love." McDonald (www.riseupamerica.us) has his own laundry list:
Obama promised to save 3 or 4 million jobs, but we have lost 3.5 million jobs since January.
Obama has promised to hold unemployment to 8 percent it's at 9.5 percent and skyrocketing.
He has brought the Government's tax receipts from corporations down by 55 percent.
He has brought the Government's tax receipts from individuals down 27 percent.
He has brought the number of unemployed to 20 percent and rising.
He has sent businesses reeling from being told they will bear more of the tax burden and have reduced staff.
He has favored wealth redistribution over job creation and economic growth.
He has funded a Gestapo-like mob of ACORN brown shirts who intimidate everyone.
He has given an equity interest in General Motors to an unsecured UAW debtor as a political payoff.
He has hired over 30 Czars to run the country without them being vetted by Congress.
He has militated against U.S. energy independence by refusing to increase domestic oil drilling in ANWR and offshore and build nuclear plants, but stood by his "addiction" to ethanol, which has caused corn shortages that precipitated starvation in the Third World.
He has used Democrat-controlled media and academia to silence his critics.
As everyone now knows, unemployment is still surging, with many states reporting up to 15 percent to 20 percent of people out of work; consumer confidence is plunging even further; and loan losses are exploding.
Obama's Cap & Tax Bill which will cost every family $3000/year and force jobs to go to China and India promises that every American will be TAXED every time they flush their toilets, turn on the lights in their homes, open their refrigerators, and drive their cars that is the short list! In other words, every single activity of daily living will be monitored electronically for "usage" and then taxed to the hilt. Why? Because the way Socialism works is to tax people to such a Draconian extent that they can no longer afford to "make it" on their own and so must be "taken care of" by Big Government. Yes, the same government that has brought us the utterly FAILED Post Office, Medicare, Medicaid, and Motor Vehicle systems, to name but a few Big Brother debacles.
Then there is the centerpiece of Obama's Socialist dream, to "transform" our healthcare system, the better to "serve" the more-than 300-million people who live in America including multi-millions of illegal aliens, felons, and other multi-millions who can afford health insurance but "choose" not to buy it.
In his prime-time news conference on July 22 in between trashing the "stupid" Cambridge police department for doing their jobs Obama admitted that he hadn't read the House version of the healthcare bill. Then he had the nerve to describe a three-card-Monte scheme to pay for it, all the while repeating the urgency of whacking the American people with another $1.5 trillion in debt.
As writer and author Larry Schweikart has chillingly documented, Obama's monstrous "healthcare" bill includes, among hundreds of other horrors:
Page 22: A mandate for the Government to audit the books of all employers that self insure.
Pg 30: A Government committee that will decide what treatments/benefits a person may receive.
Pg 42: The Health Choices Commissioner will choose your HC benefits for you. You will have no choice!
Pg 50: HC will be provided to ALL non-U.S. citizens, illegal or otherwise.
Pg 58: Government will have real-time access to an individual's finances and a National ID Healthcard will be issued!
Pg 59: Government will have direct access to your bank accounts.
Pg 65: Sec 164 is a payoff subsidized plan for retirees and their families in unions and community organizations like ACORN.
PG 85: The Government will ration your healthcare!
Pg 95: The Government will use groups i.e., ACORN & Americorps to sign up individuals for a Government HC plan.
Pg 85: Specifics of Benefit Levels for AARP members your health care WILL be rationed.
Pg 124: No company can sue the Government on price fixing and there can be no "judicial review" against Government monopoly.
Pg 145: An employer MUST auto-enroll employees into a public option plan. NO CHOICE.
Pg 126: Employers MUST pay for healthcare for part-time employees AND their families.
Pg 149: ANY Employer with payroll $400k & above who does not provide a public option pays 8 percent tax on all payroll.
Pg 150: Businesses with payroll between $251k & $400k that don't provide a public option pay 2-6 percent tax on all payroll.
Pg 167 ANY individual who doesn't have acceptable HC according to the Government will be taxed 2.5 percent of income.
Pg 170: Any NONRESIDENT alien is exempt from individual taxes. (Americans will pay).
Pg 195: Officers & employees of the Healthcare Administration (the GOVERNMENT) will have access to ALL Americans' finances and personal records.
Pg 203: "The tax imposed under this section shall not be treated as tax." Yes, it says that.
Pg 239: Government will reduce physician services for Medicaid. Seniors, low income, and the poor will be affected.
Pg 241: Doctors doesn't matter what specialty will all be paid the same.
PG 253: Government sets value of doctor's time, professional judgment, etc. literally, the value of humans.
PG 272: TREATMENT OF CERTAIN CANCER HOSPITALS Cancer patients, welcome to rationing!
Pg 317-318: Government will mandate that hospitals cannot expand.
Pg 354: Government will RESTRICT enrollment of special needs people!
PG 425: Government will mandate Advance Care Planning Consultations for seniors... end-of-life prodding.
Pg 425: Government will instruct & consult regarding living wills, durable powers of attorney. Mandatory!
PG 425: Government will provide an approved list of end-of-life resources, guiding you in how to die.
PG 429: "Advanced care consultation" may include an ORDER for end of life plans. AN ORDER from the Government to end a life!
PG 430: The Government will decide what level of treatment you will have at end of life.
Pg 469: Community-Based Home Medical Services/Non-profit orgs. (ACORN Medical Services here?)
Pg 494-498: Government will cover Mental Health Services including defining, creating, and rationing those services.
Why rationing? Betsy McCaughey, former lieutenant governor of New York State, explains that the "$1 trillion to $1.6 trillion health bill, with new taxes and a $500 billion cut to Medicare, will come just as baby boomers turn 65 and increase Medicare enrollment by 30 percent. Less money and more patients will necessitate rationing." It's an "assault against seniors," she says.
After reading the 1,018-page Obama-Pelosi-Reid Bill, orthopedic surgeon Dr. Dave Janda wrote, "it should be clear that the same warning notice must be placed on The ObamaCare Plan as on a pack of cigarettes: Consuming this product will be hazardous to your health."
"If you are over 65." Dr. Janda continues, "or have been recently diagnosed as having an advanced form of cardiac disease or aggressive cancer.....dream on if you think you will get treated. Pick out your coffin. After each American turns 65 years of age, they have to go to a mandated counseling program that is designed to end life sooner."
THE DEFINITION OF INSANITY
As the Executive Director of Traditional Family Coalition, Andrea Lafferty said, "It took President Obama six months to pick a dog for the White House, but he wants Congress to pass a massive health care reform bill in two weeks! This is insane."
But why the escalating opposition to Obama's grand vision? Well, for one thing, Americans are a very smart people, notwithstanding an occasional lapse into a Jimmy Carter or Barack Obama. They "get" the scam of socialized medicine, they see people from Canada and France (in fact, from all over the world) flocking to our shores for treatments that they can't get in their "progressive" systems. And then there is the sticky reality of the non-partisan, putatively objective Congressional Budget Office, whose director Douglas Elmendorf said last week that the White House's health-care proposals would result in a "net increase in the federal budget deficit of $239 billion" over 10 years.
Forthwith, Obama "invited" Mr. Elmendorf to the White House, clearly not for tea and crumpets! Can you just imagine the tongue-lashing this watchdog received, or the threats? It remains to be seen how objective Mr. Elmendorf will be in the coming days and weeks.
Historian Victor Davis Hanson puts it this way:
There is a growing collective recognition that things simply do not work the way Obama thinks they do. They may in the hothouse at Harvard Law School or in the charade of Chicago politics, or among young, hip bloggers right out of Yale, but not necessarily in the larger American landscape or the real world abroad.
The American people sense this. They assume that what goes up must come down... Americans are waking up to the fact that their president says, promises, and does things that simply do not make sense...
And as an article in Reuters stated about Obama's stimulus package: "The economy is shaping up to be Barack Obama's Katrina. The difference [between Pres. Bush's Katrina and Obama's], of course, is that Katrina afflicted a city and a few states, while the recession afflicts the whole country."
ACCORDING TO PLAN
Vice President Joe Biden recently admitted that all the "experts" Americans entrusted with their money "misread how bad the economy was." Leftists like Biden have only a one-solution strategy for the problems they create: throw more money at it! Sure enough, Congressman Steny Hoyer, the second-ranking Democrat in the House, suggested that a second "Stimulus" package may be coming!
But the dirty little secret liberals take great pains to conceal is that their massive spending and taxing is all part of the Left's grand plan to bring big bad America to its knees, annihilate free-market capitalism, widely expand the role of government, and tax people into economic oblivion all to fulfill their childlike, utopian goal (1) leveling the playing field to the lowest common denominator, and (2) exerting total control over the masses they consider so stupid.
In the last six months, they've seen the light of Socialism at the end of the democracy tunnel they've loathed for decades. But they're not there yet! Americans have now caught on to the scammers and their thug tactics and are pushing back hard.
Note to Obama & Company: We're mad as hell and we're not going to take it anymore!
I heard on TV that (relative to the "Advanced Care Consultation" part of the plan) every person over age 65 will be required to meet every six months with some govt. official to discuss what the person wants regarding health care at the end of life. Imagine discussing your own death every six months. Not only morbid, but strangely reeking of an underlying desire to make people aware that the govt. no longer considers them valuable. I really have grown to hate this narcissistic, non-empathetic, communistic, dispicable bully in the White House. And I have never hated anyone before in my life.
Hell! Only 71T shux we can print that up in 3 months. No worries..Be happy..Obama Obama Obama all hail Obama! A true national hero.
Didn't Obambi get $1.4 TRILLION 'stimulus' bill?
$1.4 Trillion divided by $50,000 (a good yearly salary) is 28 million jobs
WHERE ARE THEY?
OMG! Does AARP know about this? /sarc.
A crystal ball might show camps and ovens being built with stimulus money in the second term. Old people are being prepared to be “shovel ready”.
I thought he spent something like 86000 per job. I forget where I heard that.
0 and associates have manged one of the biggest con games on US citizens , some of whom still refuse to believe that those whom they trusted could ever screw them.
>Obama Obama Obama all hail Obama! A true national hero.
ACORN.....LaRaza.......unions.......Democrat governors....no jobs......3 million lost.
ping for later read
The author forgot to add:
STOCK MARKET SOARING, UP 40% IN FOUR MONTHS.
Pure insanity. When it finally crashes, get out of the way!
Couple of bumper stickers here:
"It took Obama six months to pick a dog and he wants health care reform in two weeks."
"Obama: Change only an imbecile could love."
At Martha's Vineyard, to cover Michelle's order of Scallops.
What this article misses is that under Obamacare, those nursing home workers would all be members of the SEIU, making a “living wage” with full government benefits.
Obama’s plan has NOTHING to do with cutting the costs of health care and EVERYTHING to do with unionizing the health care industry under a government union, the SEIU, the ACORN affiliate.
Steps have already been taken in WA and CA for the take over of hospital worker and nursing unions by the SEIU, probably in other states as well.
The service workers branch of the SEIU is the union that was started specifically to organize the illegals. These workers will become government workers as nursing home assistants, hospital cleaning staff and clerks, and as such receive full government benefits.
How are you going to like an illegal in charge of doling out your health care?
It is a sickness. A personality flaw that does not enable them to see the truth of what is being done to them. They won't admit to making a mistake and open their eyes and get rid of the bully who is ruining their lives...all the while he is smiling and smooth talking them into the grave.
Thanks for posting.
You are welcome. I just hope more read this. It needs to keep being Bumped to the top. This list of facts is so easy to go through and use when explaining to Obama loving sheeple what is happening and going to happen to them while Obama is in control.
Hitler and his group of thugs are back in the form of obami.
Sorry, but I had to stop reading there. California is as healthy as it wants to be. Unfortunately, the leeches are tenacious and think they're not killing the host, but the leech next to them is.
Hopefully, the country is awakening from being obami kool- aid drinkers and getting angry. I would suggest sending this article to EVERYONE in your email address book, including politicians.
This sounds more like Obama DEATH CARE!
Makes me feel sick.
The author forgot the most important restriction of freedom: the IRS has been on a hiring binge with a boatload of new auditors, collectors, and investigators. The big, very bad IRS is back without mercy. The horror, briefly interrupted by Republicans, will be unleashed in a new horror show. Conservatives beware, the IRS bell tolls for thee.
Bear Market Rally
Come and take me.
I sure many others have already caught your mistake, but it is not every 6 months. It is every 5 years, but that is how the plan stands now, I am sure that in a few years they will shorten the time limit between visits considerably.
If the stock market goes up 40% and the dollar devalues 50% the stock market went down.
You can no more have a pissy attitude against Californians than have one against conservatives in the USA. Mob rule is in effect, the only question is how much of the mob voted against me and how much was the vote just plain Mob.
Hmmm...I never did like homes with one bathroom.
As good as advertised.
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