"The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists." - J. Edgar Hoover
ZIRP (zero interest rate policy) and QE (quantitative easing) do not work! The only thing it has done successfully is to transfer wealth to Wall Street and the international banking cabal while recklessly monetizing our debt, increasing inflation and devaluing the US dollar. Bernanke is utterly clueless, he is an educated idiot, his untested academic models are not to be tested on a weakened US economy. Their lauded fiscal stimulus did nothing except make things worse!
Since Obama has been elected inflation has been skyrocketing and things are about to get much worse as we enter hyperinflation! Note that the inflation formula the Fed uses does not include food or energy costs - both of which have been surging like crazy in the past 2 years so we're in for a tougher time on the middle class and more misery for the poor. Honestly how can anyone say they are better off now than they were 2 years ago or that the country is better off as a whole?
We already have two costly wars so Obama gets us involved in a third war in Libya. Bush got Congressional approval for Iraq and Afghanistan wars, yet Obama's Libya war is illegal - he never got approval and thus should be impeached. Perhaps the former Constitutional professor and then serving U.S. Senator Obama forgot his own expert opinion on December 20, 2007:
A: (Obama) "The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation."
Further he said, "In the end, no amount of American forces can solve the political differences that lie at the heart of somebody else's civil war."
-- NBC's Today Show on January 11, 2007"
Then Senator Joe Biden answered the same question:
"I asked them to put together [for] me a draft, which I'm now literally riding between towns editing, that I want to make clear and submit to the Untied States Senate pointing out the president has no authority to unilaterally attack Iran. And I want to make it clear, I want it on the record, and I want to make it clear, if he does, as chairman of the foreign relations committee and former chair of the judiciary committee, I will move to impeach him."
Now Obama has us fighting a three front war. US needs to bring all troops home. Obama and mainstream media and Democrats viciously assailed Bush on going to war in Iraq and that was after he waited 9 months, got numerous UN sanctions and two authorizations for war from Congress, Obama has done none of this. The hypocrites in main stream media will once again look the other way! Notice hoe once Obama was elected the near 24x7 critical news cycle regarding Iraq and Afghanistan suddenly disappeared?!
The wealth gap is now larger than it's ever been, the US has the largest wealth gap of all industrialized nations, and it is accelerating! In the past 10 years the only ones who have seen real income go up are the rich.
“Our cause is noble. It is the cause of mankind, and the danger to it is to be apprehended from ourselves. Shall we slumber and sleep, then, while we should be punishing those miscreants who have brought these troubles upon us, and who are aiming to continue us in them; while we should be striving to fill our battalions, and devising ...ways and means to raise the value of the currency, on the credit of which everything depends?” - George Washington , George Washington, letter to James Warren, Speaker of the Assembly of Massachusetts, March 31, 1779.
Obama's legacy: socialized medicine, hyperinflation, multiple recessions, devaluation of US Dollar, fascist TSA which violates our Constitutional rights, trillions of dollars given to Wall Street bankers, high unemployment, price of oil sky high, record national debt, weak foreign policy, hyper-partisanship, dishonest corrupt government and general incompetence in everything he touched!
Geithner, Bernanke, Greenspan, Paulson, Rubin and Summers belong in federal prison for their crimes!!! As the Financial Crisis Inquiry Commission report (PDF) showed the crisis was man made and preventable.
“There is a war going on in this country...waged by the wealthiest people in America on the disappearing and shrinking middle class of our country. The nation’s billionaires are on the warpath. They want more, more, more. Their greed has no end and they are apparently unconcerned for the future of this country if it gets in the way of their accumulation of power & wealth.” -- Sen. Bernie Sanders
How does a student with failing grades at a lower tier school, Occidental College, suddenly get into Columbia University? Obama failed to attain even minimum honors while at Columbia and never once made the Dean's List, he refuses to release full academic records, yet suddenly Obama is given one of the extremely coveted and limited seats at Harvard Law who has an acceptance rate of around 1%! It is the most difficult graduate program to enter in the entire world. Students with perfect grades are routinely turned down, yet mediocre student Obama miraculously was accepted! And he did this without a scholarship allegedly.
We have a national debt over $14 trillion USD, soon the interest payments on that debt will be $1 trillion a year alone! S&P has cut the U.S. Sovereign Debt rating to negative for the first time since the Great Depression. And we're in danger of losing our AAA bond rating and becoming a a failed economy brought down by massive debt like Greece.
Knowing all of this what does Obama do? Does he do ANYTHING to offer relief to hurting Americans? No. Instead he goes ahead and stubbornly tries to push through cap & trade regulations at the EPA which would double or even triple electricity prices in the next few years! He refuses to allow us to build any new clean coal electricity plants or nuclear power plants. The man is clueless.
The housing market is in ruins. Half of all mortgage holders owe more than their home is worth. Mortgage prices have fallen 33% which is more than they did during Great Depression (31%). The percentage of Americans who want work and can't find it is now worse than during Great Depression. And thanks to the asinine Federal Reserve the US dollar is very devalued and we are close to seeing hyperinflation. Our national debt is over $14 trillion, and our unfunded liabilities are $50 - $100 trillion! OBAMA'S AMERICA! The income gap between the rich and poor is bigger than enough and it's accelerating! Consumers buying power is a fraction of what it was only 50 years ago! But the Wall Street banks got bailed out and used the stimulus money lending to foreign banks and US banks at near 0% interest, giving themselves huge bonuses, further investing in risky hedge funds, and they aren't lending to middle class Americans and small businesses! IT'S MADNESS! We should stop all foreign aid now until we fix the economy, monetary policy and labor market. Obama just gave $1 billion to Egypt. And the unemployment rate is now up to 9.1% - for the 28th consecutive month above 8% (and the real rate is over 20%). Energy costs domestically are due to skyrocket thanks to stupid liberals refusing to let us build 'clean coil' fired plants, won't let us build nuke plants and Obama's EPA is about to impose cap&trade madness that may see our electricity prices double or even triple in the next few years! In my state of Pennsylvania we have the LARGEST proven coal reserves in the world (enough to last for 500 years), we also have one of the largest natural gas reserves in the world (enough to last for at least 100 years), so there is no excuse for having such high energy costs. Obama has analysis paralysis, he just cannot make tough decisions well, and his extreme liberal bias will cause him to keep messing up the economy As if that wasn't bad enough now he goes and alienates Israel our closest ally in the Middle Eats and the ONLY true functioning Western style democracy in the region! Expect Obama to start pushing for legalizing illegal immigrants soon so that he can count on those votes to save his failed presidency!!!!! WE CANNOT AFFORD 4 MORE YEARS OF OBAMA! HECK, WE CAN'T AFFORD 2 MORE YEARS, IMPEACH HIS ASS NOW!!!!!!!!!!
After 2 years of Obama's Stimulus, Bailout and economic, fiscal and monetary policies there is still no economic recovery!
It took 8 years and 2 unpopular wars for Bush to get approval rating in the 40s, it took Obama only 2 years to get worse approval rating than Bush ever had! Obama is just clueless on nearly every issue.
Obama's horribly dumb and naive idea of imposing pre-1967 borders would leave Israel indefensible.
Also note Obama's extreme lack of transparency (both in his personal life and administration) despite claims his would be the most transparent administration ever! Obama ignored the will of the majority of Americans to shove his flawed Obamacare through which will raise costs for many Americans and penalize people who can't afford it. That is no solution. Any national health care plan which does not lower costs across the board is an abject failure. But he doesn't care about the suffering lower middle class, the working poor, or the poorest of the poor who are unable to work due to disability.
For all the leftists hollow charges of anti-Constitutional behavior against Bush it has been Obama who has overseen an assault on the 1st, 2nd, 4th, and 10th Amendments which is unparalleled in modern times! So much for the Constitutional professor Obama.
Obama is a prideful and arrogant man.
"According to Christian teachers, the essential vice, the utmost evil, is Pride. Unchastity, anger, greed, drunkenness, and all that, are mere fleabites in comparison: it was through Pride that the devil
became the devil: Pride leads to every other vice: it is the complete anti-God state of mind." - C.S. Lewis