Posts Tagged ‘Cloward and Piven’

The Party Of Genuine Evil And The Destruction Of America: In 39 States, Democrat Welfare Pays Better Than A Secretary’s Job

September 20, 2013

If you are a Democrat, you despise religion, despise Judeo-Christianity, and despise Christian values and vote for these things to be criminalized.  If you are a Democrat, you are WORSE than a mass murderer.  Literally, you have participated in the murder of nine innocent human beings – totaling a death toll of over 55 million human lives – for every single Jew that Hitler had exterminated in the Holocaust.  If you are a Democrat, you are a celebrator of degenerate sodomy who demands the destruction of marriage and the destruction of the family.  If you are a Democrat, you oppose law enforcement and benignly smile as criminals oppress innocent – and thanks to your policies, completely helpless – citizens.

And if you are a Democrat, you have an unrelenting hostility toward the work ethic and seek the destruction of America in favor of the creation of a Marxist welfare State.  If you are a Democrat, you read the Cloward and Piven article - detailing a plot by the left to overwhelm the social support structures of the United States as a means to implode the United States so that our free “one nation, under God” could be replaced by communism or something even worse (and DON’T think that strategy isn’t alive and well today in the hearts and minds of the left).

Welfare pays.  Thanks to Obama, thanks to the Democrat Party, welfare pays well.

It’s WORK that doesn’t pay anymore.  And if you have a job and pay your taxes, you are a sucker.

One day every single Democrat will stand before a just and holy God as fire and smoke pour out of the chariot wheels of His increasing wrath and they will have to give an answer for their murderous, depraved lives and what they did with them.

Welfare now – in the age of Obama’s “fundamental transformation of America – pays more than the minimum wage in 35 states.

Amazingly, given the fact that welfare benefits average MORE THAN $15 an hour in non-taxable income, welfare pays better than a job that “pays” $21 an hour in the private sector.  And that doesn’t, by the way, include the cost of transportation to that job or the cost of purchasing clothes suitable for a job.

Which is why in 39 states, welfare “pays” better than the starting salary of a secretary:

The authors found that in 11 states, “welfare pays more than the average pretax first-year wage for a teacher [in those states]. In 39 states, it pays more than the starting wage for a secretary. And, in the three most generous states a person on welfare can take home more money than an entry-level computer programmer.” — Wall Street Journal, “Work or Welfare: What Pays More?”, August 19, 2013

It’s why in liberal Democrat New York City, welfare “pays” better than a starting teacher’s salary.

Hell, in 47 states, according to Cato, welfare “pays” better than what a janitor “earns.”  Which is why so many liberal welfare parasites sneer at the foolish unwashed janitor who is a sucker because unlike them, he is honest and actually works for his check.

This “one nation, under Obama” is doomed.  It’s too late.  We’re finished.  And we DESERVE to be finished.

Our actual debt now exceeds $200 trillion.  And what the Fed did two days ago, keeping up their “QE Forever” because Obama has so gutted the economy that we can’t ever get away from running the money printing presses day and night forever guarantee our well-deserved destruction.

Congratulations, America, You Got What You Voted For: Soaring Unemployment, A Crashing DOW. Next Comes The Beast (You’ll Be Worshiping Him Soon)

November 15, 2012

As I noted, the day following the re-coronation of Obama as the Pharaoh in Chief saw the DOW plunge to historically high levels as investors and businesses pretty much said, “To hell with it.”

The 313 point plunge in the DOW on November 7, 2012 was the second worst point-drop in history following a presidential election and tied for fourth in American history in terms of overall drop in value.  Obama actually set the record for both categories when he was elected in 2008: the day of November 5, 2008 that followed the news that Obama would have his first four years to destroy the American economy was greeted with an almost 500-point drop or a 5% decrease in the value of the DOW.  And November 7th’s DOW drop puts the kibosh on any assertion that November 5 of 2008 was somehow a fluke.  So let’s say it with enthusiasm: “you’re #1, Obama!  No one but no one can destroy an economy like you!”

In both cases, it was the economy saying that a president like Barack Obama who would declare war on jobs, on productivity, and pretty much on anything that makes America great, is akin to a judgment of doom for this nation.

Since Obama was reelected, investors and business have decided that the economy and job-creation will take a four-year vacation.  The DOW has taken a nearly 700-point plunge since Obama was reelected as of today.

I know, I know, liberal.  Those vile rich people should all die and their flesh should be ground up for food after all the wealth they worked so hard to build for themselves and for their children has been confiscated and redistributed.

Here’s the thing: jobs are going the way of the Dodo bird and rich people in America.  Because people who voted for Obama don’t want jobs; they want socialism and communist redistribution of other people’s money.

The Lonely Conservative – and dang, I’m feeling kind of lonely since last week too, I’ve got to admit – posted these little factoids about Obama and the job boom that will now clearly never happen:

Initial Jobless Claims Soar To 439,000 – Updated
November 15, 2012
By Lonely Conservative

Isn’t it interesting that the jobless claims reported in the weeks leading up to the election were so low, and now that the election is behind us we get a report like this one? Of course, it was all unexpected to economists, who didn’t see the whopping 439,000 coming. Naturally, MarketWatch is doing their duty and blaming it on Sandy. You know, because it couldn’t have anything to do with the massive layoffs due to Obamacare.

The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path of the storm. The destruction of job sites, closure of government offices and widespread power outages caused more people to file claims after an initial delay. Economists surveyed by MarketWatch had expected claims to climb to 380,000 on a seasonally adjusted basis. Initial claims from two weeks ago were revised up to 361,000 from an original reading of 355,000, based on more complete data collected at the state level. (Read More)

Good grief, when they revise this number what will it go up to?

If that’s not bad enough, have you seen how the stock market has been doing since the election?

Ever since Obama won eight days ago, stock prices are down about 4% as this is being recorded. So stocks peaked September 14—two months before the election—when the Federal Reserve announced the current version of quantitative easing, and stocks held up pretty much right through an election day rally.

But now that the election is over stocks are dropping with no bottom in sight. This is no accident given investors’ fears of higher taxes and continued big spending, including higher taxes on capital gains, which inevitably will tank the economy. In fact, I believe we are headed for a recession. (Read More)

Well, it’s not like people weren’t warned. If you’re an Obama voter and having second thoughts, you might want to re-think where you get your news in the future.

Update: Zero Hedge is a good place to get economic news, like this:

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street “experts” who set expectations were unable to foresee the Sandy effect that every “macrotourist” on Twitter apparently is so very aware of. Also, it is apparently also “Sandy’s fault” (now that the Bush excuse is back in retirement) that the prior week’s claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy’s fault. However, for the snapback, when there actually is good news to be had, well, “four more years.” Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied… (Read More)

Update 2: Oh look – The Euro Zone is in another recession, so jobless claims can be blamed on that!

Update 3: The states with the highest number of new jobless claims were Ohio and Pennsylvania. Go figure.

That 439,000 new jobless filing is the worst since April of 2011.

“Forward” is a great slogan and everything, but the only way Obama is going to take America “forward” is to drive us off the fiscal cliff that was his bright idea to create in the first place (and see here for more because Obama set this disaster up from the very start).  The fact of the matter is that it is a documented fact by one of the great journalists in American history that the idea for sequestration – i.e. the “fiscal cliff” or “taxmageddon” – came from Obama’s chief of staff Jack Lew and Rob Nabors (Obama’s White House Assistant to the President and head of the White House’s Office of Legislative Affairs).  The money quote:

At 2:30 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’ Reid bent down and put his head between his knees, almost as if he were going to throw up or was having a heart attack. He sat back up and looked at the ceiling. ‘A couple of weeks ago,’ he said, ‘my staff said to me that there is one more possible’ enforcement mechanism: sequestration. He said he told them, ‘Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?’ Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good. It doesn’t touch Medicaid or Medicare, does it?’ It actually does touch Medicare, they replied. ‘How does it touch Medicare?’ It depends, they said. There’s versions with 2 percent cuts, and there’s versions with 4 percent cuts.” (Bob Woodward, The Price Of Politics, 2012, pp. 326)

So anybody who wants to assert that sequestration originated ANYWHERE other than the Obama White House is a documented liar.  Not that liberals care about being documented liars.

Let me explain to you how Obama will use the sequestration monster that he created in terms of a cartoon analogy: the mad scientist builds a giant indestructible killer robot that he threatens to turn loose on America unless the nation bow down before him and do whatever he wants.  Unfortunately, in the cartoons super heroes show up to defeat the giant killer robot and save the day, and all we’ve got as heroes now is a House filled with mostly shocked and awed Republicans.

Obama is threatening to use the vicious, economy murdering monster that he built (without ever actually bothering to acknowledge that HE was the one who built it, fwiw) to bring down America unless he gets the war on the rich that he so desperately wants as a true ideological Marxist.

It doesn’t matter to the American people that Obama invented sequestration.  It doesn’t matter that sequestration will result in shockingly high unemployment and recession.  It doesn’t matter that Obama is and has been saying all along he would plunge America into joblessness and serious recession unless his demands to directly attack job creators and investors are not met.  It doesn’t matter that when America needed to be saved from sequestration, Obama was swearing he would veto any bill that tried to save the nation from his monster.  All that matter is that Obama will be depicted by the mainstream media as the good guy and the hero and that the Republicans will be portrayed as the villains who somehow caused all this mess (because we’re not going to remember that Obama actually caused it).

This is a country that just boldly declared that it truly deserves to suffer.  And it is going to get the true suffering that it so boldly deserves.

If you believe that businesses and investors think that Obama will be anything other than an unmitigated disaster for America, and that in cutting their own losses they will cut the thread that our economy is hanging upon, you are insane.  There is absolutely no question that Obama-believers are morally insane, but you can add clinically “disassociated from reality” to the list.

Under Obama, America dropped from first place to seventh place after losing ground every single year of his presidency.  Not that that matters one wit to liberals, of course.

The Obama presidency will leave an America that is “worse tasting, smaller-sized and higher priced.”

We’ve already seen unparalleled “messiah-worship” of an American president in Obama: we’ve seen the man literally place his image on the flag because he thinks HE is America and the only thing that America should love.  We’ve seen the Obama campaign team refer to Obama as “Black Jesus” to kick out Christ and replace the King of kings and Lord of lords with Obama.  And yes, we’ve seen the enthusiastic determination of Democrats to replace Jesus with their REAL messiah, Obama.

Obama is Just Like Jesus, says his wife.  There’s no such thing as “us and them”.  Red and yellow, black and white, all are precious in Obama’s sight.  The sheer worship is absolutely astonishing.

The Democrat Party under Obama is the Party that kicked God out of its platform before hastily deciding to put Him back in to a loud chorus of boos from the Party that Shakes Its Fist At God (see also here).

The Democrat Party under Obama or pretty damn much everybody else is the Party of Holocaust with 55 million innocent human beings butchered in a manner that I would not want to put an insect through.  One day every single Democrat will stand before the Father while flames of wrath billow out from His Throne and give an answer for why they supported the ugliest mass murder of human life in all of history.

The Democrat Party under Obama is a Party that worships homosexuality and sodomy.  And as much as they worship sodomy and homosexuality, they hate God, they hate the Bible, they hate Judeo-Christianity, they hate Western Civilization, and they viscerally hate and despise the name of Jesus.

And America has been paying for its support of this party for the past six years.  Because when America decided that demagogic Democrats Nancy Pelosi and Harry Reid should run the House and the Senate back in 2006, unemployment was 4.4%.

And of course Democrats were bitching up a storm at that unemployment rate and swearing up and down that they could do better.  And instead they led America “forward.”

“Forward” to the Antichrist and the mark of the beast.

According to the Bible, the coming Antichrist will be worshiped as God.  Let me ask you, how does that happen?

Prior to the coming of the Antichrist, America and the rest of the world will experience a financial collapse the likes of which the world has never before seen.  The world will suddenly find itself awash in wars and famines and mass deaths.  Things will be looking grim beyond belief.

And then suddenly, as if riding in on a white horse to save the day, will come the figure that the Bible has described as “the beast.”

We are watching that collapse building and growing and metastasizing.  And when we voted for Obama, we voted for the collapse and for the beast who would come because of that collapse.

And the same people who voted for Obama are the same sorry already-doomed fools who will worship the beast and enthusiastically take his mark on their right hands or on their foreheads.  Because the mark of the beast will be nothing more than the ultimate, big government, liberal economic plan.  It will represent everything that the Democrat Party – and for that matter the Communist Party – has been building toward for the last eighty years.

It wasn’t merely Obama who will have murdered America – although Obama will ultimately be the poster boy for the murder and downfall and collapse of America.  No, this was a process began by Democrats and initiated and implemented under FDR in 1932 with Social Security.

The real “national debt” that will bankrupt America isn’t the $16 trillion that Obama is responsible for 60% of in only four misbegotten years as our Pharaoh; it’s $222 trillion, and in fact $224.75 trillion given the fact that that report of $222 trillion is a few months old now.

You need to understand that the Obama regime is “the Cloward and Piven presidency.”  And you need to understand why Democrats are so relentlessly pushing for a complete collapse of the United States of America.  As I wrote back in 2009:

The only question, given the massive debts Obama has already accumulated – deficits that literally are more than every president has accumulated from George Washington to George W. Bush, combined – is whether the Cloward-Piven strategy will yet have its chance to work.  It might already be too late.  When you look at our real national debt of more than $100 TRILLION and realize that we cannot possibly repay it, if you have any sense you should get more than a little bit concerned that our leaders simply WILL NOT control their spending.

The Democrats have an endgame: when the system collapses, the panicked people will turn to the very government that created the calamity and demand that it take care of them.  And that is precisely what big government liberals have always preached.

Notice that we went from talking about debt of “more than $100 trillion” to “more than $222 trillion” since then.  But also notice that there’s an endgame in mind: when America collapses, a desperate people who already demonstrated to all time and eternity that they are a) stupid and b) depraved will demand that the government step in to help them.  And bingo, you’ve got the communist state that Democrats have dreamed of since liberals forced LBJ to quit trying to fight communism so they could join the communists.

Democrats like Obama are hoping for a complete American collapse because they believe they can steer it in the direction they desire.  And of course, under the leadership of the Antichrist, that question will be answered with the words, “Yes we can!”

Why The Logic Of Obama’s And Democrat Party’s Class Warfare Ultimately Leads To Gulags For The Poor

September 3, 2012

What is it that Democrats always say?  Republicans are greedy and evil because they don’t believe that the rich shouldn’t pay more than 70% of their income in city, state and federal taxes (and the myriad of taxes the government takes out of damn near everything).  Take a look at the taxes – and the percentage of taxes relative to income – that the average U.S. citizen pays.  A middle-class taxpayer will pay nearly half of his or her income in taxes to the government.  Here’s a partial list of taxes:

  • Accounts Receivable Tax
  • Building Permit Tax
  • Capital Gains Tax
  • CDL license Tax
  • Cigarette Tax
  • Corporate Income Tax
  • Court Fines (indirect taxes)
  • Deficit spending
  • Dog License Tax
  • Federal Income Tax
  • Federal Unemployment Tax (FUTA)
  • Fishing License Tax
  • Food License Tax
  • Fuel permit tax
  • Gasoline Tax
  • Hunting License Tax
  • Inflation
  • Inheritance Tax Interest expense (tax on the money)
  • Inventory tax IRS Interest Charges (tax on top of tax)
  • IRS Penalties (tax on top of tax)
  • Liquor Tax
  • Local Income Tax
  • Luxury Taxes
  • Marriage License Tax
  • Medicare Tax
  • Property Tax
  • Real Estate Tax
  • Septic Permit Tax
  • Service Charge Taxes
  • Social Security Tax
  • Road Usage Taxes (Truckers)
  • Sales Taxes
  • Recreational Vehicle Tax
  • Road Toll Booth Taxes
  • School Tax
  • State Income Tax
  • State Unemployment Tax (SUTA)
  • Telephone federal excise tax
  • Telephone federal universal service fee tax
  • Telephone federal, state and local surcharge taxes
  • Telephone minimum usage surcharge tax
  • Telephone recurring and non-recurring charges tax
  • Telephone state and local tax
  • Telephone usage charge tax
  • Toll Bridge Taxes
  • Toll Tunnel Taxes
  • Traffic Fines (indirect taxation)
  • Trailer Registration Tax
  • Utility Taxes
  • Vehicle License Registration Tax
  • Vehicle Sales Tax
  • Watercraft Registration Tax
  • Well Permit Tax
  • Workers Compensation Tax

But that isn’t enough for Democrats, and them damned rich people who don’t pay enough:

  • Taxes paid by highest incomes
  • The top 1% [of income-earners] pay 22.7% of taxes.
  • The top 10% pay 50% of taxes.
  • The top 20% pay 65.3% of taxes
  • The top 40% pay 84.3% of taxes.
  • Taxes paid by lowest incomes
  • The bottom 20% [of income-earners] pay 1.1% of taxes.
  • The bottom 40% pay 6.1% of taxes.

I’ve heard conservatives (and way too few journalists) ask liberals and Democrats the following question: how much more should the rich pay in taxes?  At what percentage of their wealth have they “paid enough”?  And I’ve never yet heard the left give an honest answer to that question; because the quintessential essence of the left is abject deceit and abject hypocrisy.

Democrats are the party of lies and Marxist class warfare.  They are the party that says that tries to stir up envy and hate with lies, such as the lie that the rich pay less in taxes than their secretaries.  It doesn’t matter if the claim is a lie to Democrats, because that would mean they valued honesty and integrity and they DON’T; rather, all that matters to them is that fifty percent of the voters plus one believe their lies.

Democrats are pandering liars who say, “I’m going to give you free stuff and I’m going to make that greedy bastard over there pay for it.”

That’s the essence of the left.  And the essence of the left has run into the problem of “reality” every single time it has ever been tried.

Let me put it this way: let’s take the Democrats’ position on higher taxes to help the poor. On the Democrats’ logic, couldn’t we do more for these poor people if we just taxed a little more? And couldn’t we do even MORE if we just taxed a little more than that? And what if we taxed even MORE?  Wouldn’t that help the poor more?  Democrats demonize the rich (like the good Marxists they are) and say we can have more money to help the poor if we just taxed the rich more; but the obvious fact given their own logic is that we could have a LOT more money if the government just took everything from everybody to give to the poor, right?

FACT: A study by the Joint Tax Committee, using the same static methodology that I refer to in my opening paragraph, calculate that the government will “lose” – again, because Democrats are communists and literally believe that they own EVERYTHING the people earn, such that such that the government “loses” money if it doesn’t tax people more – $700 billion in revenue if the tax cuts for the top income brackets are extended. And that sounds bad, doesn’t it? But they also conclude in that same study that the Bush tax cuts on the middle class will cost the Treasury $3 TRILLION over the same period. If we can’t afford to “give” the rich$700 billion, then how on earth can we afford to “give” the middle class” $3 damn TRILLION? And then you’ve got to ask how much the Treasury is losing by not taxing the poor first into the poorhouse, and then into the street? And how much more revenue could we collect if we then imposed a “street” tax?

And there’s the rub.

That’s exactly the way the old Soviet Union worked, for the record; if you DIDN’T work you were defined by the State as a shirker and then you went to the gulags to be a slave laborer until the system ground you into dirt:

In capitalist economies, firms pay higher wages to motivate workers who fear unemployment. In Soviet Russia, Stalin used the Gulag to discipline workers. The economic rationale of the ‘efficiency wage’ model helps explain the cruel brutality of Stalin’s prison camps. Marcus Miller and Jennifer Smith have a summary of their research looking at the economics of the Gulag at VoxEU.org. The research itself is available as CEPR Discussion Paper 6621: Punishment Without Crime? Prison as a Worker-Discipline Device.

In the 1930s Stalin faced a problem, If the labour discipline needed for creating a Socialist Utopia was not to be the threat of unemployment – as in the West – what else could it be? His answer, the Gulag.

Estimates by Miller and Smith imply that about half of one percent of the civilian labour force was incarcerated each year, and around one fifth of existing prisoners released (or died in custody). These flows average just under 400,000 per year. Under Stalin’s rule the implied equilibrium for the size of the Gulags was about 2 million persons, i.e. almost three percent of the working population in labour camps.

It has been argued that work incentives in capitalist countries are preserved because those caught shirking face the threat of unemployment and loss of income. The ‘No Shirking Condition’ for wages constitutes the effective labour supply curve for the economy.

It’s not just being fired or losing money that hard workers word hard, of course; there’s a very positive side to hard work in a capitalist system: you get rewarded for it.  You earn more money in a free market.  But if the State steps in the way the State STOMPS in in any leftist political system, the incentive is “progressively” taken away.

There is a reason that the more a society embraces the policies of the left, the more “gulags” and slave labor you ultimately have.

You need to understand something about history: the Marxists who took over Russia and “fundamentally transformed it” into the Union of Soviet Socialist Republics were just like Obama and the Democrats when they took over. They promised the damn world with their “hope and change” Utopia. About the only thing you can say in comparison to the Marxist Soviets is that they weren’t as grandiose in their promises as Obama was; because at least the Soviets never promised they would lower the level of the oceans and heal the damn planet like Obama did. But the rubber met the road, and once the Soviets got their power with their promises of “hope and change” for everybody that the “rich” would pay for and those promises failed, well, things started getting increasingly nasty.

Why did this happen? You need to understand something about economics: if you take away the incentive to work harder and longer and more expertly and intelligently by taking away the reward for working harder, for working longer hours, for risking more, for saving more, for investing more, then the incentive to work invariably diminishes. It is a necessary result of the class warfare that the communists played in Russia and that the Democrats are playing now. And so as measured by participation in the labor force, fewer people are working under Obama than ever.  With more people on food stamps and more people on disability than we’ve ever seen.  And as fewer and fewer people work, and the rich are demonized and taxed more and then demonized and taxed some more after that, you will necessarily get exactly what we are seeing: fewer people working, fewer people paying taxes, more people on welfare and disability. That’s when you get to the “dark side” of what Michelle Obama predicted: “Barack Obama will require you to work… Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.” And Arbeit Macht Frei.

The more a government taxes income, the less incentive there is for workers to seek more income as their marginal tax rates become more and more punitive.  It particularly becomes an issue for investors, for instance – because every time they invest they risk their entire principal.  As capital gains taxes increase, as Obama wants, they can still lose everything if their investment choice goes south, but are allowed to keep less and less if their investment makes a profit.  Punishing investment is counterproductive; if you tax something, you get less of it.  Why would anybody actually want less investment?  For a small business, they not only risk all of the money they invest in their business should that business fail, but they also find themselves having to work longer and longer hours to generate a profit for themselves.  The pressure to shut down becomes increasingly insurmountable.  And if you’ve got a president literally saying, “If you’ve got a business, you didn’t build that.  Somebody else made it happen,” you should understand that you’re going to end up with fewer people willing to start businesses.

Obama heralded something that the human race had never seen: a trillion dollar annual budget deficit. Not only was Obama the first president or leader to ever do that in human history, but he’s pulled off this insane feat every single year of his presidency. One year – just one year – the reckless Marxist racked up a staggering $1.6 trillion budget deficit making his bullcrap promises. If you vote for Obama, you are voting for insane spending and staggering debt and for the collapse of America.  You simply are.  The day is going to come when Democrats get the power they want, and they will take over to become “the State” just as leftists have taken over every government they have ever truly dominated. And then will ultimately come the gulags. There will just be no other way out, just as there was no other way out for the Russian communists.

The communists didn’t promise gulags for workers when they promised their way into power; the gulags came because their policies were immoral and ultimately suicidal and murderous.

We’re watching the European “socialist lite” system collapse before our very eyes, but even as that system is teetering on the verge of bankruptcy and chaos Democrats are demanding that we too go the same way of the same Dodo  bird.

The far left in America have been dreaming of this day.  Bankruptcy, implosion, collapse and chaos are not things they fear, but rather things that they have actively hoped for and even planned to cause:

The Cloward And Piven Presidency

Contemplate the words spoken by a man who was one of the very top people at the SEIU union that President Obama has most powerfully identified himself with:

We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate.

The thing about a boom and bust economy is it is actually incredibly fragile.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up.

If you could double that number you would you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new financial crisis for the banks not for us we would be doing quite well we wouldn’t be paying anything.

“We wouldn’t be paying anything.”  Because you wouldn’t have any damn thing LEFT to pay anything.  Whatever money you had would be utterly worthless paper.

That should scare the holy crap out of you.  There is an agenda coming out of the very top of the left that is quite simply evil.

Please read that to understand the nature of the left and therefore the nature of the Obama regime.  These people are INTENTIONALLY trying to implode the United States of America because they believe that through collapse they will be able to step in and use the ensuing panic and fear to get the people to turn to the government for help.  And the moment that happens the socialists will seize totalitarian power just as they did in Soviet Russia, in Maoist China, in Nazi Germany (“Nazi” stood for “National SOCIALIST German WORKERS Party“), etc. etc. etc.  It is simply what they do.  They’ve done in over and over again and they very much want to do it here.

The Cloward And Piven Presidency

June 20, 2012

What is Cloward and Piven, you ask?  I’ve written about it and Obama’s connection to it before.  Allow me to cite the same information I provided in 2009:

From Discover The Networks:

First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse. [...]

The key to sparking this rebellion would be to expose the inadequacy of the welfare state. Cloward-Piven’s early promoters cited radical organizer Saul Alinsky as their inspiration. “Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1972 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judaeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one.

Newsmax offers a further description of Clowar-Piven, and raises the very real possibility that Obama not only studied the strategy, but in fact even studied under Richard Cloward:

Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly newsmedia to force a re-distribution of the nation’s wealth. It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.

On my own view, Obama has a “win we win, lose we win” strategy. To wit, the Obama administration and the Democrat Party are pursuing incredibly risky policies across the board. If the country and the economy somehow manages to survive these measures (which I would compare to a man surviving a poisoning), Obama and the Democrats will claim victory. If, on the other hand, the entire national system collapses due to these shockingly terrible policies, the liberals believe that a terrified, hungry public will turn to the government for help – and allow the statists to restructure the nation into a completely socialist system.

I have talked about Obama directly using the Cloward and Piven strategy to implode America in the past (and see):

Politico Article Reveals Obama’s Cloward-Piven Strategy Backfiring

ObamaCare Just Another Leftist Attempt To Bankrupt America (Cloward And Piven Alert)

Obama’s Cloward-Piven Redistributionism Shaping The Future Collapse

Cloward-Piven Alive And Well: Progressives CONTINUE To Push For Destruction Of U.S. System

I have also provided direct evidence that Obama-allied liberals are directly trying to produce the collapse of the American financial system.  And I cited the following article in my own:

CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM

A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country.

The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtedly sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

In former SEIU Lerner’s own words at this liberal think-tank event:

Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability

Every time there is a crisis in the world they say, well, the markets are stable.

I have repeatedly documented and explained how the 2008 financial crisis was created almost ENTIRELY by Democrats who repeatedly refused to allow Bush or Republicans in Congress to do ANYTHING to avert a disaster they saw coming:

DEMOCRATS Set Up America For 2008 Collapse, And Barack Obama Became Their KING

More Proof Democrats Destroyed The Economy In 2008: The Ongoing Fannie Mae/Freddie Mac Disaster

Why Did Our Economy Melt Down In 2008? (Email This To Your Friends)

It Was DEMOCRATS Who Blew Up Our Economy In 2008

Barney Frank And Democrat Party Most Responsible For 2008 Economic Collapse

Democrat Lies About Their Key Role In 2008 Economic Collapse Reaches Laughable Proportions

How Should Democrats Eat The Half-Trillion $ Monsters Fannie And Freddie? One Bite At A Time

Barney Frank Video Proves Democrats At CORE Of 2008 Economic Collapse

AEI Article: How Fannie And Freddie Blew Up The Economy

With Eyes Finally Wide-Open, Reconsider Why The Economy Collapsed In The First Place

Who REALLY Exploded Your Economy, Liberals Or Conservatives?

Biden: ‘We Misread the Economy’ – And it’s all the Republicans’ Fault

Selective Liberal Outrage: Fannie’s $210 Million In Bonuses A-OK

Blaming Republican ‘Obstructionism’ For America’s Economic Problems Is A Demonic Lie. Let’s Look At The REAL Obstructionists.

Who’s To Blame For The Economic Mess We’re In? Two Views.

JP Morgan And MF Global Prove That Democrat Regulations DON’T WORK. Democrats Create Disasters And Then Run By Demagoguing Those Disasters.

Barack Obama And His Fascist Crony Capitalist Connections To MF Global, Goldman Sachs, JP Morgan Chase, Citigroup – And A Coming $600 Trillion Collapse

With that accusation in mind, here is a liberal SEIU guy – and let’s not forget what Obama had to say about his intimate relationship with SEIU -

Obama to SEIU: “Your agenda is my agenda.” And as you shall see, their “agenda” which is being pursued by proxy is to implode America.

- saying the following.

The recorded words of now former senior level SEIU official Stephen Lerner at Pace University:

“Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability.

Every time there is a crisis in the world they say, well, the markets are stable.

What’s changed in America is the economy doing well has nothing to do with the rest of us

They figured out that they don’t need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more.

We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate.

The thing about a boom and bust economy is it is actually incredibly fragile.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up.

If you could double that number you would you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new financial crisis for the banks not for us we would be doing quite well we wouldn’t be paying anything.

In other words, I have often contended that Democrats created the 2008 crisis.  And I literally have them ON TAPE strategizing about trying to do the same thing again.

I’ve directly stated that ObamaCare was an example of a Cloward and Piven-style strategy that would bankrupt America and thus create the need for the government to nationalize and take over the entire health care system.

I was right.  Read the following:

Obama Admin. to Implement Parts of Health Law
CBNNews.com
Tuesday, June 19, 2012

The Obama administration said will implement parts of its health care law, even if the U.S. Supreme Court strikes down major portions of the legislation.

The high court is set to release its decision in coming days, and it may strike down the whole law or just the individual mandate that requires Americans to buy health care insurance.

If only the mandate is struck down, that will still leave in place a major expansion of Medicaid and federal tax credits to help people purchase insurance.

Critics say those policies will lead to a huge increase in the federal debt.

But the administration said it is moving forward to put those policies in place no matter what the court decides.

“We do believe it’s constitutional, and we … hope and expect that’s the decision the court will render,” senior adviser David Plouffe told ABC News on Sunday.

“We obviously will be prepared for whatever decision the court renders,” he said.

Administration officials have declined to discuss contingency plans to avoid creating the impression that the president is preparing for a high court rebuke.

If ObamaCare gets struck down, Obama – who is now being described as an “imperial president” and “another Nixon” even by the left – is going to simply ignore the Supreme Court and abrogate the power of Congress and enact it anyway.

I’ve also repeatedly pointed out that Barack Hussein Obama is a raw, naked fascist.  There is no question that Obama has disregarded both Congress and the Supreme Court and imposed himself as an emperor.  Consider that Obama made what he called “recess appointments” when Congress by its own Democrat Party-passed rules wasn’t even in recess; consider how Obama issued waivers to the No Child Left Behind LAW if states followed Obama’s policies instead; consider Obama declaring that he would simply ignore constitutionally passed by Congress and signed by the President such as the Defense of Marriage Act; consider how Obama first forced loans to campaign contributors at green firms such as Solyndra and then pressured the Solyndra Board to hold off on layoffs until it was more politically convenient for him;  consider how Obama has outright refused any and all oversight by the Congressional Oversight Committee on matters such as Fast and Furious.  All that and more in addition to what he just did ignoring the LAW on illegal immigration and imposing his own substitute for binding law by act of executive tyranny.  And I was right about that, too.  But let’s stick to ObamaCare for the time being. 

What’s going to happen if the Supreme Court strikes down ObamaCare and Obama ignores the Constitution, the rule of law, the Supreme Court and Congress and imposes it anyway is this: it will force the private insurance industry to either go bankrupt (as he also verbally promised to do to energy providers once, for what that’s worth) or they will be forced out of the industry altogether.

If – or we can now still say “when” given what Democrats are saying Obama is going to do – that happens, the health care delivery system will completely implode and either millions of Americans will literally die deaths caused by medical neglect or the government will be “forced” to step in and nationalize health care.

I say “forced” in quotes because it will be analogous to Adolf Hitler being “forced” to attack Poland after fabricating a ruse of a Polish attack to rhetorically justify his action.  Obama will have fabricated the very conditions that would “force” him to take this action.

I state as a fact that Democrats have degenerated into the sort of weasels who will deliberately create economic or medial catastrophes and then impose their government fascism while blaming the very opposition that tried – albeit at times gutlessly – to prevent the collapse that Democrats created.

Richard Andrew Cloward would have been thrilled at the impending collapse.  Frances Fox Piven is still calling for the Arab Spring- style popular uprising and its accompanying reign of terror complete with violence, and it’s looking more and more like she’ll be getting her wish.

It is past obvious that this country can not survive as a democratic republic with this “imperial president” in power.  It is also past obvious that if Americans re-elect Obama this year, it will be “fundamentally transformed” from the most powerful nation in the history of the world to just another banana republic by the time he leaves office.

Who’s Fearmongering The Economy? Obama Speaks, And 30-Year Bond Is ‘Dragged To The Slaughterhouse’

July 19, 2011

The mainstream media would never make this connection (at least, not until a Republican is president again), but let it be known that the slaughter of the 30-year long bond was the DIRECT RESULT of Barack Obama saying he will veto any bill that seeks to balance the federal budget.

Obama wants reckless spending until America financially implodes.  Investors are going to get wise to the fact that there won’t BE a 30-year Treasury bond in thirty years.  Because there won’t be a viable United States to make good on it.

As Obama Says He Will Veto Any Republican “Cut, Cap” Deficit Bill, Long Bond “Dragged To Slaughter House”
Submitted by Tyler Durden on 07/18/2011 12:38 -0400

Just because someone is dead set on making Apple the only flight to safety in the world (and Gold of course, but unlike the iPad one can’t really eat this particular tradition), around the time (10 minutes ago) Obama threatened he would veto the Republican proposed vote to raise the debt ceiling coupled with a cap on spending and balanced budget amendment to the constitution, the selling off spilled over to Treasurys, which as the chart below demonstrates are broadly lower across the curve, but most emphasized at the 30 Year spot, which as Russ Certo says (see below) is being “dragged to the slaughter house.” Alas, judging by bank trading today the 2s30s steepening is completely irrelevant for bank stocks, for the simple reason that i) nobody needs any new mortgages and ii) nobody actually pays their mortgages. This is the second day since last week in which there is coordinated selling in stocks and bonds. Expect much more bond weakness with each day there is no bond deal.

Commenting on the move, Gleacher’s Russ Certo told Bloomberg that “vigilantes make a symbolic statement” about debt ceiling negotiations. “It’s the issue most sensitive to government ineptitude” Certo says of 30-yr bond “It’s all about the long bond as the 10-yr is being dragged to the slaughter house.” We couldn’t have said it better.

It’s long past time to realize that Barack Obama is an enemy to business, he is an enemy to the U.S. economy.  And either Obama goes or America goes.

I’ve been pointing out that business leaders have predicted that Barack Obama would destroy the U.S. economy.  I can literally quote myself quoting myself quoting those business leaders on that.  From my February 13, 2009 article titled, As Economy Tanks Under Obama, CEOs, Investors Say, “We TOLD You So”:

And what is causing this incredible momentum to the economic meltdown under Obama’s watch?

Let me quote myself – even as I quote from the September/October issue of Chief Executive Magazine:

People are most concerned about jobs right now; maybe they should stop listening to mainstream media ideologues and start listening to the people who actually create jobs:

Chief Executive Magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

Disastrous for the country.” That doesn’t sound good.  And that’s about as optimistic as the CEO’s get about Barack Obama:

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Bankrupt the country within three years.” There.  You want socialism, you can have it.  “Spread the wealth around” so that country itself ultimately becomes as broke as the defaulting homeowners and the defaulting mortgage houses we keep hearing about.

The Chief Executive Officers were very clear in their assessment: an election of Barack Obama would result in an economic disaster.  And don’t think that a significant part right now of the terrible climate for the economy, and for business and jobs, is who is running the show.

Obama’s disastrous economic policies would “bankrupt the country within three years.”  And here we are, two years and seven months later, facing default.  We’re right on schedule.  And the CEOs had the economic understanding to recognize that it would ALL be Obama’s fault.

Now, the only thing that Democrats are skilled in (to put it the other way, they are incompetent at everything else), is demonization.  Democrats know how to demonize, demagogue, fearmonger and backstab better than anyone on the planet, bar none.

But business experts PREDICTED we would be in this situation; and they well understood and continue to understand who is causing this crisis: Barack Hussein Obama.

I also wrote an article earlier this year titled Instability, Food Riots And A Heaping Dose Of ‘I Told You So’ which referenced my November 24, 2008 article titled Renowned Economic Forecaster Says US Headed For Total Collapse.  The 2008 article contained a prediction by Gerald Celente that under Obama, we would have revolution, food riots and tax rebellions by 2012.  And we’re right on schedule.

This is why I have been so angry.  When I heard those Jeremiah Wright tapes (the racist, Marxist, anti-American “reverend” whom Obama called his “spiritual mentor” for over 20 years), I knew that Barack Obama was a truly evil man. You don’t sit in a toxic, poisonous, hateful environement like that for that long if you aren’t genuinely evil yourself.  And I knew that we were headed for “God damn America.”  It was as though I had had a vivid vision of the future – culminating in the implosion and collapse of the country that I have loved and served.

We’ve got a top very-recently former SEIU official caught on tape talking about deliberately imploding America by deliberately destabilizing the already destabilized housing mortgage crisis.  And I point to Obama’s words regarding SEIU: “Your agenda is my agenda (3:15 in the video below).”  He promised SEIU “to make your agenda a reality” (1:22 into the video below).

And prior to the SEIU (whose agenda is Obama’s agenda) official describing the agenda to financially implode America, I was writing about the liberal goal of the destruction of America by means of the “Cloward and Piven” approach to implode America through the sheer massive weight of its welfare system.

Things are bad.  And they’re certainly going to get worse.  Not that the man we foolishly and despicably elected to be our president gives a damn.

Even Head Of Obama’s Own Jobs Council Immelt Says Obama’s NLRB Attack On Boeing An Incredibly Stupid Idea

July 14, 2011

Jeffrey Immelt is Obama’s handpicked chairman of Obama’s jobs and competitiveness council.  He is clearly NOT a rightwing anti-union reactionary.

But get this: even Immelt thinks Obama’s war on Boeing for daring to create jobs in a non-union plant is utterly ridiculous.  From USA Today:

Asked about the fuss over the National Labor Relations Board investigating aircraft maker Boeing for opening a plant in South Carolina, Immelt said he was totally supportive of Boeing in the matter, given that the company is a major jobs creator.

“I can’t see one reason why we’d want to go down that road,” he said.  Immelt added that he felt his company has worked on improving relationships with unions, saying, “They are hungry for jobs.”

Getting good union-employer relationships requires an adjustment, he said. “It’s taken change on both sides.”

The NLRB sued Boeing in April, saying the aeronautics giant illegally retaliated against unionized Washington state workers when it opened a 787 passenger jet manufacturing line in South Carolina, a right-to-work
state.

Boeing hopes more than 1,000 non-union workers will eventually build three of the aircraft per month at the $750 million South Carolina plant, the largest industrial investment in the state’s history.

But Obama would rather see a Great Depression than allow non-union jobs.

Let me simply provide a single quote from the Seattle Times:

“The Machinists union has struck Boeing’s Puget Sound-area factories four times since 1989, most recently in 2008.”

Boeing has contracts to build the plane they are building at this South Carolina plant that specifically guarantee delivery of aircraft by specific dates.  They simply cannot play games with work-stoppage, which the union is documented to have done repeatedly.  The 787 Dreamliner has already had more than enough problems, and the last thing Boeing needs is a bunch of pampered union workers having a hissy-fit and stopping production because even though they get FAR more in salary and benefits than they deserve, it still isn’t enough for them.

Strike and its aftermath
The next major delay in the Dreamliner program came largely as a result of a 57-day machinists strike. The strike, which ended on November 1, 2008, according to Reuters, forced Boeing to delay the plane’s first flight and first delivery yet again, this time until well into 2009.

And then, just a month later, Boeing again announced delays, blaming them on supply shortages due to the strike, as well as problems with assembly. “The new schedule reflects the impact of disruption caused by the recent Machinists’ strike along with the requirement to replace certain fasteners in early production airplanes,” Boeing said at the time.

The problems continued to mount after that, and not all were due to the strike. In June of 2009, Boeing once again announced a delay in the first flight and the first delivery, this time “due to a need to reinforce an area within the
side-of-body section of the aircraft,” it said. “The need was identified during the recent regularly scheduled tests on the full-scale static test airplane. Preliminary analysis indicated that flight test could proceed…as planned. However, after further testing and consideration of possible modified flight test plans, the decision was made…that first flight should instead be postponed until productive flight testing could occur.”

On December 15, 2009, the first Dreamliner finally took air, lifting off from Payne Field in Everett, Wash., in front of a crowd of thousands of Boeing employees, fans, and journalists.

But that didn’t mean Boeing’s problems with the Dreamliner were done.

In August 2010, National Aviation Co. of India, the Indian-state-owned company that runs Air India, announced it was demanding compensation of $840 million from Boeing for delays in the 787 program. The company said the delays were hampering its growth plans, according to Bloomberg.

Boeing said at the time that it was negotiating with carriers over costs related to the delays.

As someone who has been in management, I can well-understand Boeing’s dilemma.  They can’t admit that the union has them by the balls and it really hurts when they squeeze, I mean strike.  That would be tantamount to an open invitation for the union to strike every time there was a significant deadline.  At the same time, these work stoppages are like cancer, and they have to do something to try to innoculate themselves from the cancer of unions even while they carefully try to avoid saying that the unions are bleeding them like particularly nasty leaches.  And the effects of strikes are far worse on the bottom line than they appear on paper; because after a lengthy strike, it takes workers some time to recover the groove they had been in (it’s like that famous Polock joke: “Why is it so expensive to give union workers hour lunches?  Because they have to retrain afterwards”).

So – without laying off so much as a single union worker – Boeing expanded its operation to a right-to-work state, and specifically, to a plant that HAD been union, but voted the union out as a bunch of trouble-making losers.

And that’s when Obama took off his incredibly foul-smelling loafer and began to slam it on the table shouting, “We will bury you!” at Boeing.

Barack Obama would rather see jobs go overseas to China than he would see them go to South Carolina.  That’s the bottom line.

Barack Obama is a fascist.  He is the Cloward and Piven president.  He doesn’t want a thriving America; he wants to control it no matter how small it has to become for fascist progressivist-liberalism to dominate it.

Allow me to give you a rather clear example of how Obama thinks.  As the following video of Obama in a Democrat debate will show, Obama would raise the capital gains rate EVEN KNOWING IT WOULD HURT ECONOMIC DEVELOPMENT AND RESULT IN LOWER INCOME TAX REVENUES.  He would do so in the name of “fairness.”

There is a pathological, reflexive Marxist mindset that forces Obama to punish job creators even though it will result in less job creation.  Because at the core of Barack Obama’s tiny shriveled little cockroach soul, he is a Marxist who believes the central tenant of Marxism: “From each according to his ability, to each according to his need.”  And Obama’s record – and the holocaust of jobs to go with the statements of small businesses that they’re not planning to hire any time soon -

But we don’t need the success of Republican policies, do we?  We don’t need to have unemployment rates of 3 and 4 percent like North Dakota and Nebraska.  We don’t need to have the incredible job creation of a Texas.  We certainly don’t need to ever balance a budget.  We’ve already slit our throats by voting for Democrats, and we really might as well just keep sawing until our heads fall off so that we can end up the way we’ve already basically been since 2006 when we started electing Democrats:  completely brainless and therefore completely clueless.

Misery Index HIGHEST EVER, Hiring Only 70% Of 2006 Levels, And Boy Do We Ever Need A New President

May 16, 2011

Economics statistics are well on their way to becoming a Department in the 1984-style “Ministry of Truth.”

We start with misery, and the real apples-to-apples misery index that we can compare to the misrule of Jimmy Carter.  From Economic Policy Journal:

John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate.  If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president. Most believe the height of the Index along with the Iranian hostage crisis is what caused Carter to lose his re-election bid.

 

 

Using current calculation methods, April unemployment came in at 9.0% and the annualized April CPI number came in at 4.8%, for a Misery Index reading of 13.8.

The last time the Index came in with a higher reading with this index reading was in March 1983, with a reading of 13.90.

Ronald Reagan, of course, was president in 1983.  Reagan had a monster that Jimmy Carter largely created called out-of-control inflation.

As I previously explained:

The numbers told the sad story of the Jimmy Carter presidency: interest rates of 21%; inflation at 13.5%, and an unemployment rate of 7%.  And a relatively new economic device called “the misery index” – the combination of the unemployment and inflation rates which Carter had himself used to great effect in his 1976 campaign to win election – was at a shocking 20.5%.

And those who went through those dark and difficult times may soon be looking back to that period as “the good old days.”

Welcome back, Carter.

When Ronald Reagan took office from Jimmy Carter, inflation was at a meteoric 13.3% and the country was in the throes of a fierce recession. There was a real question as to whether workers’ wages would keep up with the costs of living, which made people afraid to either spend or save. And nobody knew how to control inflation – which had risen from 1.4% in 1960 to the aforementioned 13.3% in 1980 – causing a real erosion of confidence in the future. Jimmy Carter answered a reporter’s question as to what he would do about the problem of inflation by answering, “It would be misleading for me to tell any of you that there is a solution to it.”

But Ronald Reagan had a solution.  And by the time he left office, he had solved the problem of creeping inflation increases and had actually reversed the trend: he left behind a healthy inflation rate of 4.1%.

Reagan’s policies set the trajectory for growth that would last for 20 years.

Jimmy Carter didn’t have an answer for the economy, so he just made it worse and worse and WORSE.  Reagan had an answer.  He not only made it better; he established a trajectory of economic success.

And of course, we’re heading right back to that time of shocking inflation.  The cost of EVERYTHING is going up.  And there is absolutely no indication whatsoever that Barack Obama has an answer that is working.  Which is only going to make the pain last longer and the solution more difficult.  Presuming there is another Reagan waiting in the wings for that time when the American people overwhelmingly abandon Democrats and revile them for the failures that they are and basically always have been.

So what does the mainstream media do with that?

They create the propaganda that somehow Obama is a new Reagan, despite the fact that Obama reviles everything Reagan stood for, just as Reagan would have reviled everything Obama stands for.

Then there’s the enemployment beast.  How’s THAT hope and change working out for you?

Here’s some new news about hopey changey from the Wall Street Journal:

 MAY 16, 2011
Why the Job Market Feels So Dismal
The number of hires is the same today as it was when we were shedding jobs at record rates.
By EDWARD P. LAZEAR

Why don’t American workers feel that the labor market is on the mend? After all, the May 6 jobs report could suggest that the labor market is improving. Nonfarm employment rose by 244,000 and employment growth over the last three months is averaging over 200,000 per month. With unemployment at 9%, employment is still down many millions from where it should be, but up from its recession lows.

The fact is the jobs numbers that create so much anticipation from the business press and so many pundit pronouncements do not give a clear picture of the labor market’s health.  A better understanding requires an examination of hires and separations, or what the Bureau of Labor Statistics calls Job Openings and Labor Turnover Survey (JOLTS) data. Here are some surprising facts:

First, the increase in job growth that occurred over the past two years results from a decline in the number of layoffs, not from increased hiring. In February 2009, a month during which the labor market lost more than 700,000 jobs, employers hired four million workers. In March 2011, employers hired four million workers. The number of hires is the same today as it was when we were shedding jobs at record rates.

We added jobs because hires exceeded separations, not because hiring increased. There were 4.7 million separations in February 2009. In March 2011 that number had fallen to 3.8 million. The fall in separations reflects a decline in layoffs, which went from 2.5 million per month in February 2009 to 1.6 million per month in March 2011. One small piece of good news is that the just-released April data showed hires up about 2% over last year’s average and 12% above the low reached in January 2010.

The decline in layoffs is not unexpected and does not necessarily reflect labor-market health. Layoffs tend to occur early in a recession. When an economy has reached bottom and has already shed much of its labor, layoffs slow. But that doesn’t mean that the labor force is recovering. We could have high unemployment and a stagnant labor force even when layoffs are low. Isn’t the fact that hires exceed separations indicative of a healthy labor market? Unfortunately, no.

At any point in the business cycle, even during a recession, American firms still hire a huge number of workers. That’s because most of the action in the labor market reflects “churn,” the continual process of replacing workers, not net expansion or contraction of employment. The lowest number hired in any month of the current recession was 3.6 million workers. Even during the dismal year of 2009 there were more than 45 million hires.

Bear in mind that the U.S. labor force has more than 150 million workers or job seekers. In a typical year, about one-third or more of the work force turns over, leaving their old jobs to take new ones. When the labor market creates 200,000 jobs, it is because five million are hired and 4.8 million are separated, not because there were 200,000 hires and no job losses. When we’re talking about numbers as large as five million, the net of 200,000 is small and may reflect minor, month-to-month variations in the number of hires or separations.

The third fact puts this in perspective. In a healthy labor market like the one that prevailed in 2006 and early 2007, American firms hire about 5.5 million workers per month. Recall that the current number of hires is four million and it has not moved much from where it was two years ago. The labor market does not feel like it is expanding if hiring is not occurring at a recovery-level pace—and that means at least a half million more hires per month than we are seeing now.

The combination of low hiring and a large stock of unemployed workers, now 13.7 million, means that the competition for jobs is fierce. Because there are now many more unemployed workers, and because hiring is only about 70% of 2006 levels, a worker is about one-third as likely to find a job today as he or she was in 2006. It is no wonder that workers do not feel that the labor market has recovered.

One final fact is worth noting. Healthy labor markets are characterized not only by high levels of hiring, but also by high levels of separations. Although it is true that the importance of quits relative to layoffs rises during good times, even the number of layoffs was greater in the strong labor market of 2006-07 than it is now. No one would suggest that layoffs are good for workers, but what is good is a fluid labor market, where workers and firms constantly seek to produce better products and to find more efficient ways to produce them. High labor market churn is a characteristic of a strong economy. It generally means that workers are moving to better jobs in growing sectors that pay higher wages and away from declining sectors that pay lower wages.

Allowing maximum flexibility encourages fluidity and means that employers are willing to hire workers who lose their jobs elsewhere. Many European countries have restricted mobility by imposing severance pay penalties on employers that lay workers off. More than reducing layoffs, these rigidities make employers reluctant to hire because of the penalties that they will later incur if a layoff is necessary. Such restrictions are in large part responsible for the chronically high rates of unemployment that have been prevalent in many European countries.

The prescription for the American labor market is simple: low taxes on capital investment, avoidance of excessively burdensome regulation, and open markets here and abroad. We must create a climate in which investment is profitable, productivity is rising, and employers find it profitable to increase their hiring rate. These are the mantras that economists have chanted in the past. But they are our best bet for ensuring a dynamic and growing labor market.

Mr. Lazear, chairman of the President’s Council of Economic Advisers from 2006-2009, is a professor at Stanford University’s Graduate School of Business and a Hoover Institution fellow

Wait a minute.  What was that one sentence again?

Because there are now many more unemployed workers, and because hiring is only about 70% of 2006 levels, a worker is about one-third as likely to find a job today as he or she was in 2006.

Yeah, but George Bush was bad by mainstream media propagandist definition, and Obama is good by the same standard.

If you want welfare, vote for Obama.  You’ll get it until United States of America implodes into a failed banana republic.  And then you’ll get the Marxist-fascist hybrid the left has been dreaming of for the last fifty years.  You want a job?  Vote for a conservative Republican.

US Dollar, Housing, Oil And Food Markets Point To Dodo Bird Ending For America: The Beast Is Coming

May 2, 2011

This is your dollar.

This is your dollar on Obama:

APRIL 23, 2011
Dollar’s Decline Speeds Up, With Risks for U.S.
BY TOM LAURICELLA

The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency.

With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue.
The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week. The ICE U.S. Dollar Index closed at its lowest level since August 2008, before the financial crisis intensified.

“The dollar just hasn’t had anything positive going for it,” said Alessio de Longis, who oversees the Oppenheimer Currency Opportunities Fund.

The main driver for the dollar’s decline is low interest rates in the U.S. compared with higher and rising rates abroad. Lower rates mean a lower return on cash—and the pressure from that factor could intensify next week when the Federal Reserve’s rate-setting committee is expected to signal that U.S. short-term rates will likely remain near zero for many months to come. On Wednesday, Fed Chairman Ben Bernanke is scheduled to give the central bank’s first-ever press conference following a policy-setting meeting.

But it is worry about the U.S. budget deficit that is intensifying the selloff. On Monday, investors were spooked by a warning from Standard & Poor’s that it might take away the U.S. government’s coveted AAA rating status amid concerns the Obama administration and Republicans in Congress might not be able to agree to significant reductions in the deficit.

In addition, Chinese government officials have stepped up rhetoric hinting they might diversify their $3 trillion of currency reserves away from U.S. dollars. Such a shift would chip away at what has been a substantial source of dollar-buying in recent years.

I dare say that the Wall Street Journal got it wrong this time.   While it certainly might be technically true that the immediate driver of the dollar’s decline is ” is low interest rates in the U.S. compared with higher and rising rates abroad,” that is only a symptom of the ultimate cause of the dollar’s decline.  The bigger picture can be summed up in two words: quantitative easing.  Obama’s Federal Reserve is creating money out of thin air.  And with more dollars chasing the same amount (and actually fewer) finite goods and services, the value of each dollar devalues. 

A week is a long time in Obama’s God damn America.  A fool-in-chief can do a lot of damage in a week:

APRIL 29, 2011
Dollar Skids to New Three-Year Lows
By JAVIER DAVID

NEW YORK—Investors wasted no time in sending the dollar to new three-year lows after the Federal Reserve gave them little reason to support it.

Weak U.S. growth and unemployment data quickened the dollar’s fall. Initial employment claims jumped back above the 400,000 level in the latest week. Meanwhile, gross domestic product data showed that economic growth slowed sharply in the first quarter, led by surging food and energy costs that sent a key gauge of inflation, the personal consumption expenditures (PCE) price index, soaring to its highest level in nearly three years.

Late Thursday, the euro was at $1.4821 from $1.4794 late Wednesday. The dollar traded at ¥81.54 from ¥82.04, while the euro was at ¥120.85 from ¥121.37. The U.K. pound bought $1.6640 from $1.6636. The dollar fetched 0.8733 Swiss franc from 0.8738 franc, plunging to a new record low.

The ICE Dollar Index, which tracks the U.S. dollar against a trade-weighted basket of currencies, was at 73.12 from 73.519, its lowest level since July 2008.

Has Obama made our economy better?  Really?  You’ve been watching and reading mainstream media propagandist lies, haven’t you?  Here’s the reality: our dollar situation is every bit as bad now as it was when the terrible economic implosion of 2008 hit us.  That giant sucking sound you hear all around you is the value and purchasing power of your dollar sinking into the abyss.

Here’s another major economic indicator going right down the toilet:

Home price gains since spring 2009 vanish
The Standard & Poor’s/Case-Shiller index for 20 major U.S. cities in February comes close to its previous bottom reached in April 2009.
By Alejandro Lazo, Los Angeles Times
 April 26, 2011, 5:06 p.m.

The home price gains made after the housing market bottomed in spring 2009 have vanished, with 10 cities posting fresh lows in February, according to a closely watched index that tracks home prices in America’s biggest metropolitan areas.

The Standard & Poor’s/Case-Shiller index for 20 major U.S. cities, released Tuesday, came within a hair of its previous bottom hit in April 2009. The renewed drop in home prices indicates the nation’s housing woes continue despite a recovery in the broader economy.

“There is very little, if any, good news about housing. Prices continue to weaken, while trends in sales and construction are disappointing,” said David M. Blitzer, chairman of the index committee at Standard & Poor’s.

[...]

Foreclosures remain a significant part of the market and probably will remain so for the foreseeable future as borrowers continue to fall behind on their mortgage payments.

Patrick Newport, U.S. economist for consultancy IHS Global Insight, wrote in a note Tuesday that the decline in the index and drops in other home price measures — specifically a monthly index produced by the Federal Housing Finance Agency, which has seen steady declines in recent months — indicate that the housing slump is once again widespread.

The federal agency’s index’s “recent decline indicates that the vicious cycle in which falling prices lead to more foreclosures which lead to even lower housing prices, continues to play a role in keeping housing on the mat,” Newport wrote.

The Case-Shiller index has fallen to nearly the same level it was in April 2009, the last time it bottomed, evaporating the gains made last year after a popular tax credit for buyers fueled sales nationally. Experts predict prices will continue to fall this year, pushing past their previous lows into a much-feared double dip.

The only thing propping up the economy under Obama’s morally and fiscally idiotic policies is QE2.  Banks and major businesses are not being allowed to fail (it’s all too big too fail in an increasingly fascist system in which the government dominates the banking and corporate spheres).  Right now, the system Obama has only made more broken is being kept afloat in cash being created out of thin air.  The last time quantitative easing ended, the DOW immediately lost 16% of its value in two weeks.  And QE2 is set to end in June.

This means QE3, and then of course QE4.  Because “QE” means “Quack Economics” far more than it should mean anything else.

The following video WAS a fictional account warning us of what could happen.  But it is about to become news before history confirms it:

And do I really have to say anything about gas prices?  Gas was $1.79 a gallon when Obama took office; it is now $3.91 and going up every single day.  That is an increase of more than 118%.  How’s that hope n’ change workin’  out for ya?

Should I mention corn?  Field corn has increased 300% (from $2 a bushel in 2009 to $6 a bushel now) under Obama’s dreadful godawful policies

Wheat prices have more than doubled.  These are basic staples used in everything. 

Food costs more than at any time since 1974.  And it’s going to get much, much worse.  Prices for food and meat are going to soar in the coming days.

Liberals say they care about the poor.  But they don’t give a damn about the poor.  All Democrats want is to “fundamentally transform” America into a socialistic system where they can maintain power forever.

The other thing to say about the above is that Gerald Celente predicted in 2008 that food riots and revolution would overtake America by 2012.  I pointed out in a recent article that what he said is exactly coming to pass both here and around the most flammable region on earth.

And all the unrest you’re seeing around you is simply the Cloward and Piven strategy for bringing about the downfall of the United States of America finally coming to pass exactly like the left wants, and exactly like people like me were talking about for the last two years.

Nobody’s really telling you about what’s happening or about what’s coming.  And that’s mostly because nobody wants to hear about it.

When Adolf Hitler seized power (he never took more than 37% of the vote, but that doesn’t stop a big government tyrant from seizing total power), he began to ruthlessly suppress dissent.  Today, the Democrat Party has pushed on attempt to impose one euphamistically-named “Fairness Doctrone” after another to shut down competing voices, even as Nancy Pelosi now demands a system in which “elections shouldn’t matter so much” in the aftermath of the one that drove her from power).

I think of one journalist named Stephen Laurent who was impriosoned for trying to tell the truth about Hitler.  He wrote:

“I am writing this from cell 24. Outside a new Germany is being created. Many millions are rejoicing. Hitler is promising everyone precisely what they want. I think when they wake to their sobering senses, they will find they have been led by the nose and duped by lies.”

And that is where America is heading.  Only there will be no America to rebuild America the way the United States of America rebuilt Germany in the aftermath of Germany reaping its whirlwind after sowing the wind.  Obama himself will have seen to that.

The funniest thing about this – if anything about America turning into a socialist banana republic is “funny” – is that it will be the left who so rabidly despise the Word of God (otherwise known as the Holy Bible) who will bring about it’s ultimate fulfillment.

The beast is coming.  He will be a one-world global leader who will take over in the catastrophic aftermath of false messiahs like Barack Hussein Obama.  He will be the personification of the United Nations and globalism and a world without borders and all the other total idiocy the left has been jabbering about for decades.  He will represent the sum total of everything the liberals have ever yearned for.

The secular humanist left has said that if they could just take over, they would create a humanist Utopia.  God is going to give them their chance in the Tribulation with the big government Utopia of the Antichrist.

And in just seven years he will have brought a literal hell on earth.

It will be the left – it will be the people who most hate and despise and mock the Bible – that brings about all of the end times prophecies of the very Bible they so ridicule.

Barack Obama is an example of the sneering tone of the left toward the Word of God:

Which passages of Scripture should guide our public policy? Should we go with Leviticus, which suggests slavery is ok and that eating shellfish is abomination? How about Deuteronomy, which suggests stoning your child if he strays from the faith? Or should we just stick to the Sermon on the Mount – a passage that is so radical that it’s doubtful that our own Defense Department would survive its application? So before we get carried away, let’s read our Bibles. Folks haven’t been reading their Bibles.

But I have been reading my Bible, President Obama.  And I’m seeing more and more reasons to believe it and accept it as God’s Word about a time which is now at hand.

I see the dollar devaluing to nothing; I see the cost of food skyrocketing.  And I consider the words of the book of Revelation:

He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name” (Revelation 13:16-17)

.

Obama’s ‘Hope And Change’ At Work: Most Americans (Correctly) Believe Our Best Days Are Now Behind Us

April 28, 2011

History reminds us of a time – not all that long ago – when a charismatic leader promised a fundamental transformation that brought hope to a nation.

The leaders’s name was Adolf Hitler.  It didn’t end well.  Seriously.

The kind of fascistic irrationally euphoric Utopian rhetoric of Obama -

“I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal… This was the moment — this was the time — when we came together to remake this great nation …”

- hasn’t seemed to work out very well in the real world.  I mean who talks like that but a fascist demagogue promising a false Utopia, anyway?  Not that most liberals have any clue whatsoever about the real world, mind you.

The evidence is crystal clear that Obama is a fascist and a demagogue.  But the mainstream media is every bit as unlikely to tell the truth about Obama as Joseph Goebbels’ Ministry of Propaganda was likely to tell the truth about their Fuhrer.

The New York Times once said – as part of the irrational fascistic hype surrounding Obama - that:

WASHINGTON — At the core of Senator Barack Obama’s presidential campaign is a promise that he can transcend the starkly red-and-blue politics of the last 15 years, end the partisan and ideological wars and build a new governing majority.

Did Obama ever once come close to actually fulfilling that “core presidential promise”???

How about this: within 24 days of Obama assuming the presidency, The Wall Street Journal was rightly able to say this about our “transcending” figure:

President Barack Obama has turned fearmongering into an art form. He has repeatedly raised the specter of another Great Depression. First, he did so to win votes in the November election. He has done so again recently to sway congressional votes for his stimulus package

It wasn’t even a month after assuming the presidency that Obama began to dismiss the Republicans he had promised to reach out to:

“Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” he admonished in a speech.

It was barely only a month after assuming the presidency that Obama began to thumb his nose at the Republicans he had promised to reach out to:

 When [Republican Rep. Eric] Cantor tried to justify his own position, Obama responded: “Elections have consequences, and at the end of the day, I won.”

Were those really the words that would “transcend the starkly red-and-blue politics of the last 15 years”???  In taking that stand, was there actually any chance whatsoever that Obama would “end the partisan and ideological wars”???  Is anyone frankly so morally and intellectually stupid to see these tactics as they way to “build a new governing majority”???

And of course, shortly after the American people rejected Obama in the largest shallacking in modern American history and voted against the Democrat Party in droves, Nancy Pelosi began to further degenerate into fascism (where elections shouldn’t matter unless the fascists win them), saying: “elections shouldn’t matter as much as they do.”

And then we proceeded to see Democrats and liberals behave far more like fascists than people who gave a damn about elections or the consequences of elections in Wisconsin.

I think of the fact that Hitler never won more than 37% of the vote.  But the moment he seized power, “elections didn’t matter as much as they should have.”

Barack Obama is a man who has personally repeatedly demonized George W. Bush, Republicans, entire industries, businesses, and even medical doctors (remember how they amputate people’s feet and yank out their tonsils just to illegitimately profit?).  As a Senator, he personally attacked George Bush for his failure of leadership for having to raise the debt ceiling; now he’s personally attacking anyone who acts as cynically and despicably as he acted.  Obama personally demonized George Bush for trampling on the Constitution for Iraq even though Congress had directly authorized his actions; but this same cynical demagogue would attack Libya without any congressional authorization whatsoever.  Obama lectured Republicans that it hurt the country and the essential political debate to demagogue the other side with health care, only to viciously attack the Republicans the first time he thought it would politically help him to do so.  Rep Ryan – whom he invited to his speech just to single him out for attack – said, “What we got yesterday was the opposite of what [Obama] said is necessary to fix this problem.”  And Obama doesn’t just demonize his opponents; he falsely demonizes his opponents by telling demonstrable lies.

As I said, Obama is a fascist bully and a cynical demagogue.  And yet the mainstream media has the unmitigated chutzpah to continue to insanely depict this cynical, lying, hypocrite demagogue as an inspirational figure.

The American people and the mushroom have something in common: both are kept in the dark and fed manure.

So you can understand why the American people – for all the information available to them – are so terribly ignorant about just what the hell is going on in our political system.

But as misinformed and lied-to as Americans are when it comes to the sea of lies they are presented with as “news,” they are still aware that fewer of them have jobs, fewer of them have homes, their food cost more, their fuel cost more and that the quality of their lives are rapidly slipping away under the policies of a failed president and his failed party.

America’s Best Days
Those Confident That America’s Best Days Lie Ahead Down to 31%
Monday, April 25, 2011

Voter confidence that the nation’s best days are still to come has fallen to its lowest level ever.

A new Rasmussen Reports national telephone survey of Likely Voters shows that just 31% believe America’s best days are in the future. That’s down three points from last month and is the lowest result found in polling since late 2006.

Fifty-three percent (53%) believe America’s best days are in the past, also the highest measurement in over four years. Sixteen percent (16%) are undecided. (To see survey question wording, click here.)

Separate polling finds that only 22% of Likely Voters believe the United States is now heading in the right direction. That ties the lowest level found during Barack Obama’s presidency.

While majorities of Republicans (68%) and voters not affiliated with either major political party (52%) believe America’s best days are in the past, a plurality of Democrats (45%) thinks its best days still lie ahead.

Fifty-eight percent (58%) of white voters believe America’s best days have come and gone, but the same number of black voters (58%) feel the opposite is true.

[...]

And of course, it is true: America’s days truly ARE behind us as long as Barack Hussein Obama and as long as Democrats are able to continue to lead.  Either Democrats will go down, or America will go down.

But, liberals say, it was BUSH who made the economy fail.  Two things: 1) how many years should that line of garbage continue to succeed?  And 2) it was never true to begin with (also see here).

Do you know that Democrats had total control of both the House and the Senate from 2006 until 2010???

George Bush tried SEVENTEEN TIMES to warn Congress that unless we got control of the out-of-control Democrat-controlled Fannie Mae and Freddie Mac and the out-of-control housing and housing mortgage market that it was poisoning with piles of bad debt, our economy would go under.  The problem had festered because Bush had reappointed the first black Fannie Mae CEO because of political correctness.  Franklin Raines was a failure and a corrupt fraud who disguised massive debt.  Further, fearing the same political correctness, Republicans had allowed themselves to be repeatedly stymied in their attempts to reform the Government Sponsored Enterprises Fannie and Freddie as Democrats screamd “racism.”  John McCain was if anything even more clear in 2006 when there was still time to fix the developing crisis.  McCain wrote (in 2006):

Congress chartered Fannie and Freddie to provide access to home financing by maintaining liquidity in the secondary mortgage market. Today, almost half of all mortgages in the U.S. are owned or guaranteed by these GSEs. They are mammoth financial institutions with almost $1.5 Trillion of debt outstanding between them. With the fiscal challenges facing us today (deficits, entitlements, pensions and flood insurance), Congress must ask itself who would actually pay this debt if Fannie or Freddie could not?

McCain asked, “Who would actually pay this massive debt for these incredibly risky liberal policies if Fannie or Freddie could not?’  And we now have the answer to that question, don’t we???

Even the liberal New York Times recognized the threat posed by Fannie and Freddie.  And Peter Wallison all but predicted the collapse as early as 1999:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

 The same Peter Wallison who had predicted the disaster from 1999 wrote a September 23, 2008 article in the Wall Street Journal entitled “Blame Fannie Mae and Congress For the Credit Mess.”

Wallison was 100% correct, and had the FACT that he had accurately predicted the collapse to give him further credibility.  Democrats were 100% wrong.  Barney Frank was one of the unanimous Nazi-goosetepping Democrats who said stuff like this:

These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Basically a MONTH before Fannie and Freddie went bankrupt and started the entire housing mortgage market collapse in 2008, Barney Frank was still singing the same idiotic tune:

REP. BARNEY FRANK, D-MASS.: “I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.

They’re in a housing market. I do think their prospects going forward are very solid.”

John McCain correctly predicted a disaster.  Barney Frank was still spouting outrageous lies just one month before the bottom fell out of Fannie Mae and Freddie Mac and then caused the bottom to fall out of the entire economy.  Republicans were right and Democrats were disasterously wrong.  And the American people responded by electing Democrats and purging Republicans.  Because we were lied to, and because we have become a bad people who believe lies.

Democrats blocked every single move by both the Republicans and by George Bush.  They actually threatened filibusters to prevent Bush from fixing the broken system that failed and it was DEMOCRATS who took our economy down the drain.

And Senator Barack Obama had more campaign money from Fannie Mae and Freddie Mac in a shorter time than anyone in Congress.  And he also had more campaign money from Lehman Brothers – a dirty Wall Street player that went belly up – in a shorter time than anyone else in Congress.  Obama was bought and owned by the people who blew up our economy.

Only a nation of fools would have voted for this inexperienced Marxist fool to run our nation.  But a nation of fools believed the worst media propaganda campaign since Joseph Goebbels plied his trade.

Even fools feel pain when they keep getting burned, though.  And Obama is burning America alive.

We are slipping.  Even fools can feel it:

26 Apr, 2011, 11.27AM IST,IANS
China’s economy to surpass that of US by 2016: IMF

BEIJING: The Chinese economy will surpass that of the US by 2016, the International Monetary Fund ( IMF )) has predicted.According to the IMF’s forecast, based on “purchasing power parities”, China’s gross domestic product (GDP) will rise from $11.2 trillion in 2011 to $19 trillion in 2016, while the American economy will increase from $15.2 trillion to $18.8 trillion.

China’s share of the global economy will ascend from 14 percent to 18 percent, while the US’ share will descend to 17.7 percent, China Daily reported.

The Economist had predicted in December 2010 that China would overtake the US in terms of nominal GDP in 2019.

 At the same time all of the other growing disasters is taking place, we have a crisis in the price of oil.  And Obama has done nothing but exacerbate that crisis with energy policies that are even more destructive than Jimmy Carter’s.

Do you feel your nation growing smaller and smaller and weaker and weaker?  That is the hope and change you voted for.

In the time that Obama has been president, we’ve gone from predicting China would overtake us by 2030, to 2019, to just five years away.  And mark my words, it will be moved up yet again, before they overtake Obama’s ignorant stupidity even faster than that.

Under Obama, and due to his immoral and criminally reckless policies, we are spending like fools and at the same time insanely inflating our money supply (under the euphamism of “qantitative easing” or QE2.  And here are the results:

APRIL 23, 2011
Dollar’s Decline Speeds Up, With Risks for U.S.
BY TOM LAURICELLA

The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency.

With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue.
The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week. The ICE U.S. Dollar Index closed at its lowest level since August 2008, before the financial crisis intensified.

“The dollar just hasn’t had anything positive going for it,” said Alessio de Longis, who oversees the Oppenheimer Currency Opportunities Fund.

Thanks to your fool-in-chief president, your dollar is worth less and less.  And your gas and your food cost more and more.  Food now costs more than at any time since 1974, thanks to the Democrat messiah.

Or maybe he’s not such a fool.  Because maybe this is what he wanted all along.  Read this article on “the Cloward and Piven Strategy” created by liberals/progressives to implode America written in 2008 (you could also read my own article written in 2009).  And then see what top SEIU official Steven Lerner – who left the “workers of the world unite; it’s not just a slogan anymore” radical union at the same time #1 White House visitor Andy Stern did – had to say about deliberately trying to cause a financial crisis that will implode America.

The United States of America is dangerously close to complete collapse.  One wrong move, one piece of bad news, just one thing, could send us into a collapse that will be impossible to stop.

And we are either being led by a total fool, or even worse, we are being led by a man who is actively plotting to collapse America to impose a radical leftwing ideology, and who doesn’t care one iota more about the American people than Adolf Hitler cared about the German people.

I’m sure you have probably picked up on my angry tone.  I am angry; I’m beyond angry.  Why?  Because I see the beast foretold by the book of Daniel and the book of Revelation coming.  I see the collapse coming, and the Antichrist riding in on his white horse to save the day.  And I see that the same liberals, the same progressives, the same Democrats who caused this collapse will be the ones to welcome this coming world dictator.  And it will be these same Democrats who call for the American people to take his mark on their hands or on their foreheads so that they can join the rest of the world and buy and sell.

Rest assured, Obama’s reckless fiscal policies are not just undermining America; they are undermining the entire world.  The unrest in the Middle East (which again says “Last days as foretold by the Bible” all over it) is directly attributed to Obama’s monetary policies, according to the G-2o and the central banks.

Barack Obama is a false messiah.  The Democrat Partyis the party of hell.  And they are leading us to hell on earth right now.  Today.

And we are voting for hell.

You mark my words.  It won’t be long now.  The beast is coming.  And if you vote Democrat, you have already voted for him by paving the way for his soon-arrival.

Get ready for hell.

Actual U.S. Debt Exceeds GDP Of Entire Planet

April 11, 2011

Here’s one for you to put in your pipe to smoke on.  Even if the U.S. were to seize the wealth of the entire planet, and even if we taxed all the wealth of not only the rich but the miserably poor as well, we STILL couldn’t pay off the debts that Democrats demand that we keep adding to until after we’ve reached that “straw that broke the camel’s back” point:

True U.S. debt exceeds world GDP by $14 trillion
Obama 2010 budget deficit now 5 times larger than nation’s output
Posted: March 21, 2011
By Jerome R. Corsi

As the Obama administration prepares to finance a Fiscal Year 2011 budget  deficit expected to top $1.6 trillion, the American public is largely unaware that the true negative net worth of the federal government reached $76.3 trillion last year.

That figure was five times the 2010 gross domestic product of the United States and exceeded the estimated gross domestic product for the world by approximately $14.4 trillion.

According to the U.S. Department of Commerce Bureau of Economic Analysis, U.S. GDP for 2010 was $14.861 trillion. World GDP in 2010, according to the International Monetary Fund, was $61.936 trillion.

“As government obligations continue to spiral out of control and the U.S. government shows no willingness to make the magnitude of spending cuts required to return to fiscal responsible, the U.S. economy is headed to a great collapse coming in the form of a hyper-inflationary great depression,” says economist John Williams, author of the website Government Shadow Statistics.

Statistics generated in Williams’ most recent newsletter demonstrate the real 2010 federal budget deficit was $5.3 trillion, not the $1.3 trillion previously reported by the Congressional Budget Office, according to the 2010 Financial Report of the United States Government as released by the U.S. Department of Treasury Feb. 26, 2010.

The difference between the $1.3 trillion “official” 2010 federal budget  deficit numbers and the $5.3 trillion budget deficit based on data reported in  the 2010 Financial Report of the United States Government is that the official  budget deficit is calculated on a cash basis, where all tax receipts, including  Social Security tax receipts, are used to pay government liabilities as they  occur.

The calculations in the 2010 Financial Report are calculated on a GAAP basis  (Generally Accepted Accounting Principles) that includes year-for-year changes  in the net present value of unfunded liabilities in social insurance programs  such as Social Security and Medicare.

Under cash accounting, the government makes no provision for future Social  Security and Medicare benefits in the year in which those benefits accrue.

“The broad GAAP-based federal deficits, including the Social Security and  Medicare unfunded liabilities, have been in the $4 trillion to $5 trillion range  in 2008 and 2009, and 2010’s deficit again likely was near $5 trillion,  remaining both uncontrollable and unsustainable,” Williams wrote.

“The federal government cannot cover such an annual shortfall by raising  taxes, as there are not enough untaxed wages and salaries or corporate profits  to do so,” he warned.

In his analysis of the 2010 Financial Report of the United States, Williams  listed both an official accounting and an alternative.

“The estimate of a broad 2010 GAAP-based deficit at $5 trillion is mine,” he  noted. “At issue with the published report, consistent year-to-year accounting  was not shown, with a large, one time reduction in reported 2010 Medicare  liabilities, based on overly optimistic assumptions of the impact from recently  enacted health care legislation.”


U.S. Government GAAP Accounting  Federal Budget Deficits U.S. Treasury, Financial Report of the United States,  2002-2010 (John Williams, Shadow Government Statistics, ShadowStats.com)

Williams argues the total U.S. obligations, including Social Security and  Medicare benefits to be paid in the future, have effectively placed the U.S.  government in bankruptcy, even before we take  into consideration any future and continuing social welfare obligations that may  be embedded within the Obama administration’s planned massive overhaul of health  care.

“The government cannot raise taxes high enough to bring the budget into  balance,” Williams said. “You could tax 100 percent of everyone’s income and 100  percent of corporate profits and the U.S. government would still be showing a  federal budget deficit on a GAAP accounting basis.”

Williams argues the U.S. government has condemned the U.S. dollar to “a  hyperinflationary grave” by taking on debt  obligations that will never be covered by raising taxes and/or by severely  slashing government spending that has become politically untouchable.

“Bankrupt sovereign states most commonly use the currency printing press as a  solution to not having enough money to cover  obligations,” he cautioned. “The U.S. government and the Federal Reserve have  committed the system to its ultimate insolvency, through the easy politics of a  bottomless pocketbook, the servicing of big-moneyed special interests, gross  mismanagement, and a deliberate and ongoing effort to debase the U.S. currency.”

He is concerned that the Federal Reserve will supplement its current policy  of Quantitative Easing 2, or QE2, under which the Fed intends to purchase by  mid-year 2010 another $600 billion of Treasury debt with “QE3.”

“These actions (QE2 and QE3) should pummel heavily the U.S. dollar’s exchange  rate against other major currencies,” he concludes. “Looming with uncertain  timing is a panicked dollar dumping and dumping of dollar-denominated paper  assets, which remains the most likely event as a proximal trigger for the onset  of hyperinflation in the near-term.”

Williams predicts that the early stages of hyperinflation will be marked by  an accelerating upturn in consumer prices, a pattern that has already begun to  unfold in response to QE2.

“For those living in the United States, long-range strategies should look to  assure safety and survival, which from a financial standpoint means preserving  wealth and assets,” he advises.

Williams suggests that physical gold in the form of sovereign coins priced  near bullion prices remains the primary hedge in terms of preserving the  purchasing power of the dollar, as well as stronger major currencies such as the  Swiss franc, the Canadian dollar and the Australian dollar.

And as totally insane as that is, it might well even be worse than that.

$61.936 trillion sounds like a lot.  And that’s the official figure for the International Monetary Fund’s estimate for U.S. indebtedness.  But the IMF is giving credibility to a figure that makes that $62 trillion seem almost manageable:

I Can Give You 200 Trillion Reasons Why We Need To Cut Government Spending NOW
By Michael Eden     March 7, 2011

Republicans are trying to get our spending under control, and Democrats are demonizing them every single step of the way.  Because Democrats are demons, and demonizing is the only thing they know how to do.

For the record, Republicans are trying to cut an amount which is basically 1/30th of Obama’s budget deficit.

News from globeandmail.com
The scary real U.S. government debt
Wednesday, October 27, 2010

NEIL REYNOLDS

Ottawa — reynolds.globe@gmail.com

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Prof. Kotlikoff says the IMF itself has quietly confirmed that the U.S. is in terrible fiscal trouble – far worse than the Washington-based lender of last resort has previously acknowledged. “The U.S. fiscal gap is huge,” the IMF asserted in a June report. “Closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 per cent of U.S. GDP.”

This sum is equal to all current U.S. federal taxes combined. The consequences of the IMF’s fiscal fix, a doubling of federal taxes in perpetuity, would be appalling – and possibly worse than appalling.

Prof. Kotlikoff says: “The IMF is saying that, to close this fiscal gap [by taxation], would require an immediate and permanent doubling of our personal income taxes, our corporate taxes and all other federal taxes.

“America’s fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts.”

He cites earlier calculations by the Congressional Budget Office (CBO) that concluded that the United States would need to increase tax revenue by 12 percentage points of GDP to bring revenue into line with spending commitments. But the CBO calculations assumed that the growth of government programs (including Medicare) would be cut by one-third in the short term and by two-thirds in the long term. This assumption, Prof. Kotlikoff notes, is politically implausible – if not politically impossible.

One way or another, the fiscal gap must be closed. If not, the country’s spending will forever exceed its revenue growth, and no one’s real debt can increase faster than his real income forever.

Prof. Kotlikoff uses “fiscal gap,” not the accumulation of deficits, to define public debt. The fiscal gap is the difference between a government’s projected revenue (expressed in today’s dollar value) and its projected spending (also expressed in today’s dollar value). By this measure, the United States is in worse shape than Greece.

Prof. Kotlikoff is a noted economist. He is a research associate at the U.S. National Bureau of Economic Research. He is a former senior economist with then-president Ronald Reagan’s Council of Economic Advisers. He has served as a consultant with governments around the world. He is the author (or co-author) of 14 books: Jimmy Stewart Is Dead (2010), his most recent book, explains his recommendations for reform.

He says the U.S. cannot end its fiscal crisis by increasing taxes. He opposes further stimulus spending because it will simply increase the debt. But he does suggest reforms that would help – most of which would require a significant withering away of the state. He proposes that the government give every person an annual voucher for health care, provided that the total cost not exceed 10 per cent of GDP. (U.S. health care now consumes 16 per cent of GDP.) He suggests the replacement of all current federal taxes with a single consumption tax of 18 per cent. He calls for government-sponsored personal retirement accounts, with the government making contributions only for the poor, the unemployed and people with disabilities.

Without drastic reform, Prof. Kotlikoff says, the only alternative would be a massive printing of money by the U.S. Treasury – and hyperinflation.

As former president Bill Clinton once prematurely said, the era of big government is over. In the coming years, the U.S. will almost certainly be compelled to deconstruct its welfare state.

Prof. Kotlikoff doesn’t trust government accounting, or government regulation. The official vocabulary (deficit, debt, transfer payment, tax, borrowing), he says, is vulnerable to official manipulation and off-the-books deceit. He calls it “Enron accounting.” He also calls it a lie. Here is an economist who speaks plainly, as the legendary straight-shooting film star Jimmy Stewart did for an earlier generation.

But Prof. Kotlikoff’s economic genre isn’t the Western. It’s the horror story – “and scarier,” one reviewer of his book suggests, than Stephen King.

Enron-style accounting?  From our government?  Say it aint so!!!

It’s isn’t a matter of IF America will financially collapse; it is only a matter of WHEN.  And “WHEN” is SOON.

And it will necessarily happen because Democrats are genuinely depraved.

Recklessly spending money on fools’ projects that your grandchildren will become debt slaves just trying to pay the interest on is immoral.

I can only keep begging Republicans to turn the Democrats’ demonization game back at them.  Democrats are running around on their talking points denouncing Republicans as “extremists” who want to kill poor people.

Bullcrap.

It is DEMOCRATS (I call them “Demoncrats,” for “Demonic Bureaucrats”) who want to implode America and kill tens of millions of American people by plunging this country into a great depression that will make the last one in the 1930s seem like a fun-filled day at the beach.

It’s not going to be the richest people who starve to death and die miserably in the cold.  It’s going to be all the people liberals love to say they care about – when in reality all they do is cynically manipulate them toward their own increasingly certain doom.

Don’t you dare forget that it has been LIBERALS who have been dreaming of undermining and imploding America financially since Cloward and Piven back in the 1960s.  And now we’ve got a JUST-ex SEIU official on tape plotting to send America into a financial crisis that will dwarf anything ever seen.

If you have a true death wish, and you vote Democrat, then by all means keep doing so, because they will give you the destruction and nihilism that you seek.  That’s the real meaning of Obama’s “hope and change.”


Follow

Get every new post delivered to your Inbox.

Join 525 other followers