Obama First Year In Office A Utter Failure

The President Of The United States Barack Hussein Obama during his annual State Of The Union speech managed to chide, admonish and disrespect the Democratic Party, Republican Party and Supreme Court in his own arrogant narcissist way. President Obama is a man without any major accomplishments after being in office for one year. I just have a small list of utter failures by the "Messiah"and it will only take one minute of your valuable time. The President $787 Billion Dollar Stimulus Bill has not created any substantial jobs in America, but has so-called created or saved jobs in some states in America. The President Health Care Plan has gone down in flames after the election of Scott Brown in Massachusetts. The President Global Warming agenda was stopped in its tracks by the failed Global Warming Summit in Copenhagen. The President has not developed any new strategy when it comes to educating our children for the future. The President planned closing of GITMO in one year has not happened due to the outcry by Congress, military and American people. The President Cap-And-Trade Bill is stalled in the United States Senate without any chance of final passage because of bipartisan support against the job killing bill. The President also, failed to bring the Olympics to Chicago and the beat goes on. The President is a arrogant man Harvard educated man who believes that he, knows what is best for the American people. The American people in there own God given wisdom gave President Obama a thumbs down on his socialist domestic policies when elections where held in Virginia, New Jersey and Massachusetts. Finally, the President needs to take a good look at the man in the mirror and stop pointing fingers at everybody else except himself for his domestic policy failures. Hey, I know that will be difficult for a narcissist but we have to "Hope" and pray that Obama will "Change" his ways while being President on the greatest nation on earth. Hey, I know this will never happen.

Obama I am Freezing My Buns Off In Buffalo

The President will announce a spending freeze $250 billion over 10 years, but there is caveat to this spending freeze. Will the liberal Democratic Congress support this so-called spending freeze in the upcoming budget when they are already planning for Stimulus II. The White House will propose a three year freeze on all domestic agencies in the federal government. This so-called spending freeze is peanuts compared to the $3.6 trillion dollar budget passed last year by the Obama Administration which double the federal deficit. Therefore, most of the government agencies that will be frozen received large increase in the federal budget last year some upwards to 20% so, the cuts will not affect there agencies programs. The CBO is predicting a $1.35 trillion dollar deficit this year under the Obama Administration and a freeze in government spending will not make a dent in the federal deficit. Moreover, you will never make a dent in the federal deficit until you reign the cost of Medicaid, Medicare, Social Security and Defense Department.The President should take his pen and cut each Cabinet Level Department 10%, but the President does not have a line-item veto which is needed to control the deficit. The President should propose a balance budget amendment to the constitution which would get Republican, Conservative and Moderate Democrat support across the country. Finally,I have a simple but, great idea for President Obama resend the unspent $787 billion dollar failed stimulus plan and make a down payment on the federal deficit. This will never happen because, President Obama is making these incident proposals only to satisfy the American people who are dissatisfied with his performance as President. This is little more than a political trick to make the President seem more moderate to independent voters which he, needs to get re-elected President Of The United States.

Obama The Chameleon in Chief

This week President Obama will be giving his annual State Of The Union speech to America and he, will try and re-brand himself as a populist who is on the side of middle class America. President Obama has decided to make the banks the enemy of the state. Therefore, his political strategist David Axelrod and David Plouffe have decided to develop a Blitzkrieg type military strategy against the banks with higher taxes and penalties to satisfy a angry American public. Responding to the anger across America and unprecedented loss of a Massachusetts Senate seat to Republicans, the White House has responded not with conciliation, but with a more aggressive public image. Chief Political Adviser David Axelrod has completed a a striking re-branding of the cool, rational President Obama. Unnamed Administration officials indicate that Obama will focus exclusively on populist issues until the November mid-term elections. The new angry populist Obama was unveiled in a speech in economically depressed Lorian County, Ohio. Walking onto the stage with his guns blazing, the President shouted, I was sent to Washington to pass Obamacare and Cap-And-Trade (i.e., I forgot that was last week speech before Scott Brown got elected to the senate). I was not sent to Washington not to help fat cat bankers get rich but to create jobs for middle class America. The President will try and be a chameleon and change his socialist agenda so, his party will not lose the Congress in the 2010 mid-term elections. This is a dangerous strategy but if one person can pull this off its President Obama with his great oratory skills which was exemplified in the 2008 Presidential election. This is warfare for the Obama Administration and they will try and adapt to satisfy the angry multitudes across America with similar policies that President Clinton used after losing the Congress in 1994. The biggest difference is that President Clinton did not have 10% unemployment and was not running up trillion dollar deficits. However, President Obama will focus on cutting the deficit, tax cuts for small businesses and job creation which affects every American family. Therefore, their will also be tax cuts for families making up to $115,000 and capping student loan payments to 10 percent of the students income above a basic living allowance. The monthly payment for a single borrower earning $30,000 who owes $20,000 in loans would be $115 a month- as opposed to $228 a month under standard 10 year repayment loan. These are just a few small initiatives that will help President Obama and Democratic Congress improve there approval ratings with middle class Americans. Finally, I want all Conservatives to remember that President Obama is a Chicago Hack politician and he do whatever it takes to re-establsih his image with the American people as a fighter for the middle class. We must remember that President Obama is a follower of Saul Alinsky and one of his main principals is that the ends justify the means when it comes to implementing a socialist agenda.

Day After The Boston Tea Party

The day after Scott Brown won the senate seat in Massachusetts, Democrats and liberals were extremely angry that a "Truck Driver" won Sen. Kennedy royal seat in Congress. The Democrats and liberal media screamed its the end of Obamacare. It's the return of the Conservatism in America (i.e., those bible thumpers and warmongers are going to take back Congress from our beloved Democratic Party) they cried. Chris Mathews, Rachael Maddow and Keith Olbermann basically said the world is coming to a end because Scott Brown was elected the Senate. President Obama said to George Stephanopoulis regarding a Republican being elected to the Senate seat held by Ted Kennedy and JFK for the last 50 years. "Here my assessment of not just the vote in Massachusetts, but the mood in the country: the same thing that swept Scott Brown into office swept me into office. People are angry and frustrated. Not just because what's happened in the last two years. but what's happened over the last eight years. That would be nine years. I suppose Obama is used to the refrain. According to Obama's transparent remarks, it is, always Bush fault. Even progressive are starting to cringe at this knee-jerk reaction which looks less like a promise to do better than a abdication of responsibility. The win by Scott brown may ultimately be a good thing for President Obama and his presidency. Because now he does not have to wait for the mid-term elections (when Democrats on mass will be getting there hats handed to Them) to get a wake up call. If Obama is smart as some people seem to think he is, I think we will see him start de-emphasize that a health care bill because its obviously a political disaster. The American people don't want Obamacare in its present trillion dollar version. The American people also, don't want Islamic enemy combatants/terrorist to be able to lawyer up either, as the Obama Administration prefers. Finally, President Obama has a chance to "Change" his agenda but, it will be extremely hard because all President Obama knows is Saul Alinisky "Rules Of Radicals" principals and there is no way Obama will change his ways.

Olbermann, Maddow and Schultz "The MSNBC Merchants Of Hate"

I personally enjoyed watching Scott Brown become Senator of Massachusetts and the 41st vote against Obamacare. I also, had a opportunity to watch the Merchants Of Hate' over at MSNBC. This so-called news channel is totally out of control and leading the cast of "Haters" is Keith "Physco" Olbermann who spewed out so much venom towards Scott Brown in a one minute speech that he should be fired for using this type of reckless language towards a future sitting United States Senator. Keith Olbermann made Scott Brown out to be a racist, teabagger and homophobic individual who despises anyone who is different form his political views and that is simply not true. This "Joker" Olbermann is the only person who criticized Scott Brown campaign everyone in the media including liberals said,"that Scott Brown ran one of the best campaigns in the last five years. Keith Olbermann was not the only person on MSNBC who spewed hate towards Scott Brown Rachael Maddow Keith Olbermann "Robin" continued the hate fest with some unkind words about Scott Brown. It did not stop there earlier in the day Ed "Crazy" Schultz," said that Massachusetts voters should vote ten times if it meant defeating Scott Brown and passing any version of Obamacare. Finally, the best picture of the night is watching sweet innocent Norah O' Donnell face when Scott Brown became the next Senator of Massachusetts I thought that Mrs. O' Donnell was going to cry on the air. It seemed like Mrs. O' Donnell was at a funeral at not a campaign victory rally. Watch the one minute video of Keith Olbermann Hatred towards Scott Brown.

The "Grim Weaper" Obama Visits Martha Coakley

When President Obama comes to town to save Martha Coakley fledgling campaign its almost like the "Grim Weaper" is visiting you before you go down in flames. President Obama campaigned for former Gov. John Corzine and Craig Deeds and both candidates went down in flames even though the "Messiah" made a guest appearance in there Gubernatorial races. The Obama Administration is already throwing Martha Coakley under the bus by making private statements that Coakley will lose the Massachusetts Senate race. The internal tracking polling by the Coakley campaign and White House must show Scott Brown edging ahead with the most important demographic in Massachusetts independents. The latest PPP poll Scott Brown leads Martha Coakley 51%-46% in the final Massachusetts poll, but Rasmussen Poll Martha Coakley leads Scott Brown 49%-47 % but the momentum is on the side of the Challenger Scott Brown. The Sign Of A Desperate Coakley Campaign has sent out a disturbing mailer that read 1736 Women were raped in Massachusetts in 2008. Scott Brown Wants To Turn Them All Away. The Coakley Campaign is doing anything to get there base out to win this Senate race. Finally, if Democrats lose the Massachusetts Senate race this will be a "Slam" against President Obama liberal agenda which includes a massive health care bill that even 51% Liberal Blue State Massachusetts voters reject because of the cost of the bill. The message will be sent to all Democrats across the country if you sign on to the Obama agenda you will likely be defeated in the 2010 mid-term elections.

Angry Haitians Block Roads With Corpses: Witness

PORT-AU-PRINCE (Reuters)-Angry Haitians set up roadblocks with corpses in a Port-Au-Prince protest the delay in emergency aid reaching them after a devastating earthquake, an eyewitness said. Shaul Schwarz, a photographer for TIME Magazine, said he saw at least two downtown roadblocks formed with bodies of earthquake victims and rocks. They are starting to block the roads with bodies, Its getting ugly out here, people are fed up with getting no help,"he told Reuters.

Al Jazeera Documentary Links Tea Party Movement To White Supremacists

It seems that opposing our President and the policies of the big banking cartels means we are racist, or even worse. A new film has emerged which directly links and Portrays Tea Party patriots, ant-immigration and anti-government activist as Neo-Nazi's. The video below not only calls Tea Party goers as white-supremacists, but directly links images with neo-Nazi rallies in a true propaganda style. The infamous Right Wing Extremism document, which is prominently mentioned in this film, from Homeland Security should be enough evidence that there are forces afoot simply trying to discredit and discourage liberty minded crowds. The film also says that TEA PARTIES are mostly a white person creation and that black people don't get involved that much. This angers me and many others, because it simply not true. The fact that the film dramatically fades back and forth and has high-end graphics depicting neo-nazi groups alongside Tea Party groups and anti-immigrant groups is extremely disturbing. It is the newest but shocking example of what some clueless seemingly liberal elements of the media will do to discredit those of us attempting to shine light on Washington. President Obama, as depicted by the Obama Joker Poster, has spent more money than every president before him as has accepted the largest donations from bankers on Wall Street. We should be asking questions of our government and stop this petty bickering. Obama is not hated because he is black, its because he is a puppet for the new world order and world wide banking cartels. I fear it has gone more than petty at this point and they are bringing on a wave of hate orientated media to silence the people. Don't ever give in to this nonsense. fight back by ignoring these childish actions of "you are a racist" and show them love. Everything is OK. don't question your government Go back to your sports games and diet soda. The bar has been raised, the gauntlet thrown down, what will you do? We are the only real change this country has, not some group of wanna-be sheep following a Marxist President. by infowars.

Danny Glover: Climate Change Caused Earthquake

The left-wing nut Actor Danny Glover believes that the Haitian earthquake was caused by Climate Change and Global warming...when we see what we did at the climate change summit in Copenhagen, this is the response, this is what happens, you know what I'am saying?. Therefore, will Keith Olbermann and Valerie Jarret be as outraged as they were over Rev. Pat Robertson comment after the earthquake. I wonder if Keith Olbermann will name his left-wing friend Danny Glover worst person of the day. Finally, why is every disaster in the world turn into a political battle between Liberals and Conservatives. The key is to help the people in need which are the Haitian people who have been exploited by there corrupt government ever since they gained there independence from France. Check out the video below the blog articles.

Pat Robertson "Has Lost His Mind" Blaming Satan Worship for Earthquake

Pat Robertson has completely lost his mind yesterday when he, made the ridiculous statement for why they the earthquake hit Haiti and killed hundreds of thousands of innocent civilians. Many years ago... the island's people "swore a pact with the devil...They were under the heel of the French...and they got together and swore a pact with the devil. they said. We will serve you if you will get us free from the French. Damn. Robertson continued, "True story, "Ok its a deal. They kicked the French out. The Haitians revolted and got themselves free. Ever since, they have been cursed by one thing after the other. Therefore, Pat Robertson was there when deal was cut between with the devil and Haitian people, because he has a lot of inside information. Damn, its a sad day in America when I agree with Keith Olbermann.

FEDERAL RESERVE MADE $52.1 BILLION IN PROFITS "DURING A RECESSION"

The Federal Reserve made a profit of $52.1 billion in 2009, a rise of 47% over the previous year. The sum allowed the central bank to pay a record $46 billion to the U.S. Treasury. That was the largest amount ever paid by the central bank since its creation in 1914. The record figure was largely thanks to the attempt to support the financial system throughout the financial crisis. The fed funds itself from its own operations and returns any profits to the Treasury Department. The figures suggest that U.S. taxpayers have, so far, gained money from the U.S. government's action in propping up the system. Some of the profit came from interest earned on government bonds and mortgages related securities including those mortgage giants Freddie Mac and Fannie Mae. The emergency lending programs instituted by the central bank during the financial crisis helped swell the FED's balance sheet more than $2 trillion dollars. They were designed to keep down interest rates and get banks lending again, hoping to spark a economic recovery. The FED could also money on its holdings if it sells them at a time when they have fallen in value. The FED also earned money from its emergency loans to banks and other firms, such as giant car makers. It charged both interest rates and fees. Finally, the president today is going institute a windfall profits tax on the top 20 banks which means the banks are going to pass the taxes to there customers. The President should tax the FED but it is so hard to tax someone when they are running a PONZI SCHEME on the American people and its legal. The FED should be audited today and stop there criminal banking activity.

Bankergate: The Fall Of Treasury Secretary Timothy Geithner

Explosive new e-mails released last week could see Treasury Secretary Timothy Geithner embroiled in criminal charges for his role in the cover up that exposes the monumental criminality behind the $182.3 billion dollar bailout of American International Corporation. In November and December of 2008 The Federal Reserve Bank Of New York instructed the bailed out AIG to hide from public details regarding payments the insurance giant made to banks, including Goldman Sachs Group INC. and Scoiete Generele SA. Using Fed Secure taxpayer bailout money, AIG paid several banks 100 percent of face value of credit default swaps, as other financial institutions were negotiating deep discounts for unregulated paper assets that do not have to be backed by cash. The decision to pay the in full may have cost AIG, and therefore the taxpayers, at least $13 billion dollars over the odds. The "Backdoor Bailout" of the banks, as it has been dubbed was exposed in March 2009 after the SEC challenged AIG filings, however, e-mails obtained by Rep. Darrell Issa, ranking member of the House Oversight And Government Reform Committee, have reignited the situation as they conclusively expose a collusion between AIG and the FED to deceive the public. The e-mails, the content were highlighted in a Bloomberg News Article, also shows that the FED wanted numerous other details about the AIG bailout withheld or delayed from public oversight. Despite denials from the Treasury and New York Federal Reserve that Geithner was involved in the scandal, as President of The New York Federal Reserve at the time, his head now rest firmly on the chopping block where he awaits his fate. Geithner extensive connections to Goldman Sachs also raises serious questions, given that the investment bank directly profited from the AIG payments. Meanwhile, Bear Stearns and Lehman Brothers both investment banks in direct competition with Goldman Sachs were not bailed out when bad debt forced them to cease operations under the same circumstances as AIG. Finally, Geithner and the rest of the New York Federal Reserve should be charged with defrauding the American taxpayers out of billions of dollars. They should arrest this clown at the Treasury Department but I don't expect for Attorney General Eric Holder to enforce the law against a member of the Obama Administration.

What Happened To The Anti-War Movement In The Age Of Obama?

The anti-war movement has collapsed ever since, President George W. Bush has left office. The leading anti-war activist groups who were finance by some of George Soros umbrella groups decided to fold there tents and join the Barack Obama presidential campaign, which presented itself as opposed to the war in Iraq. A year late these same anti-war groups are faced with a conundrum because, there are more U.S. troops in Afghanistan and Iraq than they were under President George W. Bush. With the record high U.S. deaths in Afghanistan and 30, 000 troops on the way and an expansion of the war into Pakistan and Yemen there, are some rumblings at the grassroots level. Yet the same anti-war groups and leaders are still calling the shots and they are not willing to protest against President Obama war policy. President Obama is perceived as a man of peace after receiving the "Nobel Peace Prize" and would seem better able to expand the wars in Afghanistan Pakistan and Yemen than a Conservative President Bush. There are people in media who believe that President Obama who won the White House in large part due to his opposition to the Iraq War, could take us to war with Iran, and rally liberals and much of the left behind it. Finally, this proves that the anti-war movement in America is a complete fraud bought and paid for by George Soros and his left-wing cronies. These so-called antiwar groups are only to be used when a Republican are in the White House to agitate and stir up trouble across the country. The anti-war movement is quieter than a church mouse as President Obama escalates the war in Pakistan and Afghanistan. Damn, where is the new Weathermen, Jane Fonda, Susan Surandon and the rest of the left-wing loons who called President Bush Hitler for invading Iraq. These clown are sitting in there million dollar mansion in California or West Side Of Manhattan wearing there "Change" T-shirts and they are not organizing any war protests anytime soon.

Sen. Reid Racist Comments About Obama, "Sen. Reid Resign Now"

The Senate Majority Leader Harry Reid is Apologizing about racist comments said about President Obama during the 2008 Presidential campaign. The racist comment made by Sen. Reid: Obama 'Light Skinned' "with No Negro Dialect". This type of racist hate speech was typical words used during segregation when college educated African-Americans would challenge old segregation laws in the south. The liberal socialist media is covering up for Sen. Reid by saying that he wanted a spot in the Obama Administration instead of telling the truth that Sen. Reid had malice in his heart toward President Obama because he was ascending towards the presidency. The President and liberal media has already accepted Sen. Reid apology because he, needs Sen. Reid to push Obamacare over finish line in the Senate. The liberal media, President Bush and State Sen. Barack Obama thrashed Sen. Trent Lott and drove him out his Senate leadership position for making so-called racist comments. The liberal media went on a Jihad against Sen. Trent Lott and he resigned from his leadership position. Therefore, will the same Liberal media demand that Sen. Reid resign from his Majority Leadership position. I have the answer they will not ask Sen. Reid to resign from his position because he, is a socialist Democrat that supports the progressive agenda. Sen. Reid will get a pass, but he will not get a pass from this African-American Conservative Blogger. I will make sure Sen. Reid will be defeated in the 2010 mid-term elections.

Left-Wing Nut Talk Show Host Mike Malloy says Obama Haters-Republicans Hatched Terrorist Plot

The left-wing nuts are running wild in our country Talk Show Host Mike Malloy has lost his mind and any common decency by blaming Conservatives hidden within the intelligence agencies for the Christmas Day terrorist attack. This joker refused to accept that jihadi from Nigeria would board a plane in Detroit to slaughter 300 innocent Americans on Christmas Day. This Joker said it was Republican plot to destroy the "Messiah" I mean President Obama. This Mike Malloy character thinks that this terrorist attack was hatched over at the RNC to deliberately attempt to embarrass the Obama Administration. Hey, personally think the Obama Administration is doing a good job embarrassing themselves everyday when it comes to the war on terror, health care and economy. Mike Malloy says that there are a group of mysterious rich people who want President Obama to fail not matter what, because they don't like his policies. This joker went on to say,"the idea of killing 200 to 300 people on a jetliner in order to make a point is nothing. It means nothing....My gut feeling is that this was deliberate, this was deliberately done to put the Obama Administration in a vice grip, that it is impossible to get anything done, to raise so much fear, this is what Republicans do, this is what they do. Finally, the liberal media always concentrate on what conservative talk show host like Rush Limbaugh and Sean Hannity are saying everyday on there nationally syndicated radio talk shows, but you never hear about that hate speech from left-wing clowns like Mike Malloy and Ed "Crazy" Schultz who spews hate everyday on his radio show and MSNBC. Therefore, could you imagine if Rush Limbaugh made a similar statements on his radio talk show there would be a liberal Jihad against Limbaugh and his advertisers. The emphasis on Mike Malloy statements clearly proves that liberal media protects their own even when they know what they are saying is completely wrong.

As Afghan war Escalates, Military Expert Predict 300-500 U.S. Troops Killed or Wounded Per Month

Last Month, President Obama announced that that he would send a additional 30,000 troops Afghanistan. shortly, after decision was made, General David Petraeus head of U.S. Central Command, warned of increased violence in the Central Asian country as the new troops arrived. Now, retired General Barry McCaffery, who teaches international affairs at West Point and who has repeatedly visited Afghanistan to assess the situation here, is estimating that American casualties could go as high as"300 to 500" killed or wounded a month by next summer. "Americans should be prepared to accept hundreds of casualties each month in Afghanistan during the spring offensive with enemy forces. The dire forecast was made by retired Gen. Barry McCaffery, an adjunct professor of international affairs at the U.S. Military Academy at West Point, in a periodic assessment of political and security issues he has conducted in the war zone since 2003. "What I want to do is signal that this thing is going to be $5 billion to $10 billion a month and 300 to 500 killed and wounded by next summer. That's what we probably should expect. And that's light casualties,"said McCaffery, who is president of his own consulting firm in Arlington, Virgina and has conducted numerous trips to the war zone to assesses the political and military challenges at hand. 2009 was the deadliest year for U.S. troops in Afghanistan, with 312 soldiers losing their lives. Written by Zaid Jilani Think Progress.

Sen. Dodd and Dorgan Are Pushed Out The Backdoor.

The Democrats are dropping out of the 2010 elections like flies because they all can see the writing on the wall after only one year of President Obama Socialist policies. Sen. Chris Dodd (D-C) has schedule a news conference today to announce his retirement from the U.S. Senate. Sen. Dodd is not the only longtime Democratic senator ready to resign from the Senate, but also Sen. Byron Dorgan (D) will also announce that he will not seek a re-election in South Dakota. Sen. Dodd told friends and family he would rather retire than face a tough general election campaign this fall. The Democrats probably pushed both Senators out the backdoor to increase Democrat chances of retaining Dodd liberal seat in Connecticut. The Democrats have a excellent chance with state Attorney General Richard Blumenthal who is one of the most popular politicians in the state. Blumenthal competition will be Republican Linda McMahon and Former Rep. Rob Simmons is a wealthy businessman in Connecticut. Linda McMahon is the wife of WEE wrestling owner Vince McMahon and if she wins the Republican nomination I can just see the campaign commercials.. These two candidates would be a huge underdog against Blumenthal in a general election. the Republicans chances of winning a Senate seat is over in Connecticut but in South Dakota the Republicans should pick up Sen. Dorgan seat in a Conservative state that Sen. John McCain won easily in the 2008 Presidential election. Finally, we all know that President Obama and Democratic Party leaders pushed Dodd and Dorgan out the backdoor because of the high probability of both senators losing there seats this fall. The Democrats are basically blaming these senators for there problems with there state electorate but these senators should be blaming President Obama for his ridiculous policies that are bankrupting our nation.

U.S. Growth Prospects Deemed Bleak In New Decade

Speaking at American Economic association mammoth yearly gathering, from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion. "They Are Slim". Many predicted that the U.S. gross domestic product would expand less than two percent over the next ten years. That stands in sharp contrast to the immediate aftermath of other economic downturns, which has usually elicited a growth surge in their wake. It will be difficult to have a robust recovery while the housing and commercial real estate are depressed, "said Martin Feldlstein, a Harvard University Professor and former head of the National Bureau Of Economics. Housing was at the heart of the nation worst recession since the 1930's, with median home values falling over 30 percent from their 2005 peaks, and even more sharply in heavily affected states like California and Nevada. The decline has sapped a principal source of wealth for U.S. consumers, whose spending is a key driver of the country's growth pattern. The steep drop in home prices has also bolstered their propensity to save. It is very hard to see what will replace it,"said John Stiglitz. Nobel Laureate and professor of economics at Columbia University. "It's going to take a number of years." One reason U.S. consumers remain heavily indebted. Consumer credit outstanding has fallen from it's mid-2008 records, but still stands at some 2.5 trillion, or nearly one-fifth of the total yearly spending in the U.S. economy. Another is that many country's largest banks are still largely dependent on funding from the Federal Reserve and the implicit backing of the Treasury Department. Kenneth Rogoff, also of Harvard, argued that the U.S. government ever "credibly" pulled away from it's backing of the financial system, then a renewed collapse would likely ensue. He cited government programs giving large financial institutions access to zero-cost borrowing as artificially padding their bottom lines. "There is something of an illusion of profitability, "he said.

Democract Recurits Continue To Drop Out Of Races

Democrats have lost another touted recruit, this time in Kansas. State Sen. Laura Kelly(D) just announced her withdrawal from the race to face Rep. Lynn Jenkins (R-Kan.) She becomes the fifth formidable recruit to bow out in recent weeks. I have been forced to make a decision between honoring my pledge I made to the people in my Senate district and my firm conviction that the people of the 2nd Congressional district deserve a truly independent voice in Congress," Kelly said in a statement. This has been a very hard decision, but it is the right one. Kelly joins several recent dropouts, including businessman Jack McDonald, a funded Challenger to Rep. Micheal McCaul (R-Texas) who announced last week that he would not run. The others are Todd Book, who was running against Jane Schmidt (R-Ohio); former Tennessee Commerce and Insurance Commissioner Paula Flowers, who was running for Zack Wamp (R-Tenn.) seat, and Solana Beach City Councilman Dave Roberts, who was running against Rep. Brain Bilbray (R-Calif.). Both McDonald and Kelly were cited in a late October memo from DCCC Chairman Chris Van Hollen (MD.) that touted the Committees recruiting success. On the top of that, Democrats have lost four incumbents in vulnerable districts to retirement recently. It has been a distinct shift, taking five seats off the map on offense and adding four on defense.

First Minimum Wage Drop In The U.S. 72 Years

Minimum wage in Denver, Colorado, will decrease in the New Year, marking the first such decrease in any state's minimum wage since 1938. Colorado's wage is going to be lessened by 3 cents an hour, from $7.28 to the federal minimum $7.25. Amid the global economic crisis which originated in the United States, Colorado's state consumer price index fell 0.6 percent last year. The district Of Columbia as well as thirteen other states will will keep their minimum wage higher than the federal minimum, according to the U.S. Labor Department. Alaska will join them Friday when there minimum wage rises 50 cents to $7.75. Although the drop in Colorado is small those 48,000 residents, earning the minimum wage shook there heads at the possible cut in there pay."It is hard to make it, hard to get by,"John Mullen 50, a out of work construction worker waiting for a bus on a bitterly cold New Year's Eve in Denver. He said he remembers making minimum wage at a factory and having enough for small comforts. Finally, the $787 billion dollar stimulus bill is not helping average Americans get descent employment so, they can have the bare essentials to support there families. How long will it take for the left-wing media to admit that the stimulus bill was little more than a "Chicago Style" payoff to all of President Obama political supporters. This is "Progressive Economics" at it's worst.